Hines Purchased 1,476 Acres for New Fort Worth Development

The massive Brown Ranch site is slated for 3,800 homes in the Aledo Independent School District.

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

Screen-print poster illustration depicting a wooden house frame rising from an expansive prairie, evoking regional residential development and land use. — Investment firm Hines has acquired 1,476 acres of land near Fort Worth, with plans to build 3,800 residential units on the Brown Ranch site. AI Illustration. Upload story photo >

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Investment firm Hines has acquired 1,476 acres of land known as Brown Ranch, situated on the border of Tarrant and Parker counties. The site, which falls within Fort Worth's extraterritorial jurisdiction, is planned for 3,800 residential units.

Why it matters

The development represents a major expansion of housing supply in a region that has seen Parker County's population jump 25% since 2020. Local infrastructure and community planning are moving forward following a June 2026 city council development agreement.

The project will reserve 70 acres for commercial development alongside the 3,800 residential units. This development follows a 25% population increase in Parker County since 2020, significantly outpacing the 12% growth seen in Fort Worth during the same period.

The players

Hines

A global real estate investment and development firm that builds and manages residential and commercial properties.

Aledo Independent School District

The local school authority that will serve students living within the new residential development.

Fort Worth City Council

The governing body that oversees local zoning and development agreements for the city and its extraterritorial jurisdictions.

The details

Hines secured the site following a competitive bidding process managed by Land Advisors Organization. Financing for the purchase was provided by Harvest Capital and TPG Credit, with Trez Capital serving as a capital partner. The project is situated north of Old Weatherford Road and south of White Settlement Road, placing future families within the Aledo Independent School District.

2020: Parker County population baseline 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.

Money Landscape

This development serves as a major response to the 25% population increase recorded in Parker County since 2020. It follows a broader trend of large-scale, master-planned residential projects emerging on the outskirts of the Fort Worth metro area.

Prospective buyers and local residents should track the progress of the 70-acre commercial space, as new retail and service hubs often influence long-term property values. Homebuyers looking in the area should discuss the long-term tax implications of new district developments with a tax professional.

The takeaway

The development of Brown Ranch marks a significant addition of 3,800 homes to the local market. Residents should monitor future city council announcements regarding infrastructure upgrades that may accompany this build-out.