Hines Acquired Large Fort Worth Area Land Parcel

The 1,476-acre Brown Ranch site will be developed into 3,800 new homes for area residents.

Updated on Oct. 10, 2026 in Real Estate — General

Screen-print poster illustration of an expansive North Texas prairie with a wooden fence line under a wide sky. — Investment firm Hines has acquired 1,476 acres of ranch land in Fort Worth, with plans to develop 3,800 residential units. AI Illustration. Upload story photo >

Live Poll

Do you believe large-scale housing developments generally improve or hurt the quality of life in your area?

The investment firm Hines has acquired the 1,476-acre Brown Ranch, located on the border of Tarrant and Parker counties. The project, approved by the Fort Worth City Council in June 2026, is set to include 3,800 new residential units at full build-out.

Why it matters

The development represents a significant expansion for the region as it accommodates the area's rapid population growth. Parker County has seen a 25% population increase since 2020, reaching 185,000 residents in 2025.

The development spans 1,476 acres of the former Brown Ranch, with 70 acres reserved for commercial use. This project sits within the Aledo Independent School District and is significantly smaller than the nearby 7,000-acre Walsh development.

The players

Hines

A global real estate investment, development, and property manager known for large-scale master-planned communities.

Fort Worth City Council

The local governing body responsible for approving development agreements within the city's jurisdiction.

Aledo Independent School District

The local school authority serving the area where the new residential development will be located.

The details

Hines won the property through a competitive bidding process managed by the Land Advisors Organization. The site is situated north of Old Weatherford Road and south of White Settlement Road, falling within the extraterritorial jurisdiction of Fort Worth. Harvest Capital, TPG Credit, and Trez Capital are providing the necessary financing for the investment and development.

2020: Parker County population baseline used for growth comparison.
2025: Parker County population reached 185,000.
June 2026: Fort Worth City Council approved the development agreement.
October 2026: Hines acquired the Brown Ranch property.

The Home Front

This development follows the trend of rapid population expansion in Parker County, which has outpaced growth in the city of Fort Worth. The scale of the project reflects the ongoing demand for new housing inventory in communities surrounding major metropolitan centers.

Residents near the border of Tarrant and Parker counties should keep an eye on upcoming infrastructure improvements that often accompany developments of this size. If you are shopping for a home, research the long-term Aledo Independent School District boundary maps to understand how this growth may impact future enrollment.

The takeaway

Large-scale land acquisitions signal significant shifts in local housing supply and infrastructure demands. Families in the area should monitor municipal planning documents for future traffic and utility updates related to this 3,800-home development.