LSM Associates

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Adorable? Perfect? Heart-melter? 💛 We can’t be the only ones who think all that when we see the newest member of the Circle R family! 🐮

What’s the first word that comes to mind when you see this little cutie? Drop it in the comments and help us celebrate our mini cow! 👇

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Meet Circle R Ranch, Dallas-Fort Worth’s premier event destination that’s been bringing people together for over 50 years. From weddings to company picnics, galas to group get-togethers, we offer a slice of true Texas hospitality worth celebrating 🤠

Set on 42 beautiful acres, Circle R Ranch blends Western charm, thoughtful service, and award-winning event expertise to make every gathering unforgettable. Whether you’re planning corporate team building, an intimate celebration, or a big night under the stars, we’ve got the space to make it happen.

I’m honored and grateful to receive the MVP award for the Circle R Ranch acquisition 2025.

This recognition belongs to the team. Ignacio Garza, Alexandra Garza, Rick Sanchez, and Sylvia Sanchez put in the work every step of the way. Their discipline, trust, and follow through made this acquisition happen. I’m thankful they took the time to present this award and acknowledge the effort behind the scenes.

Circle R Ranch was a true team win. I’m proud of what we accomplished together and excited for what we continue to build next.

Circle R Ranch is officially the next big project. The ranch sits on about 42 acres in Flower Mound right off Cross Timbers, one of the busiest roads in town. It already has over 32,000 square feet of buildings, pavilions, commercial kitchen, arenas, and event infrastructure in place.

The numbers are strong.
• Purchase price, 12M
• Total raise, 14.5M
• Equity raise, 5.5M
• Debt raise, 9M
• LP/GP split, 60/40
• Preferred return, 8 percent
• Target IRR, 19.9 percent in the likely case
• Equity multiple, 1.96x
• Cash on cash, 20.10 percent

The ranch can host up to 2,650 people and is already well known in DFW for corporate events, holiday events, weddings, youth camps, and retreats. Flower Mound land values around us are selling for 375k to over 600k per acre. Circle R is coming in at about 286k per acre, right next to the 1,000 to 2,000 acre Furst Ranch development.

Year one opens the door for holiday festivals, corporate events, weddings, and youth camps. The demand in the area is already proven. With upgrades and pro management, this property has room to grow into a premium experiential venue.

If you want details about the investment or want to review the offering docs, send me a message. I’m happy to walk you through it.