Midland, Texas
Who owns Midland, Texas: the Permian Basin's office capital, where oil companies and an El Paso investor hold the downtown towers and mineral interests dominate the tax roll - read from the Midland Central Appraisal District's free 2026 certified roll.
10 buildings · 10 with an owner established · 18 sources · 9 tier B · 1 tier A · prepared 2026-10-31
Texas keeps no public title register; ownership is read from the county appraisal district. Midland Central Appraisal District (MCAD) posts its whole certified 2026 real-property roll as a free download on its Open Records page - owner of record, mailing address, situs, legal description, acreage, deed date and instrument number, state class code and value for every account - and a free property search. Deeds are recorded by the Midland County Clerk, at $1 a page for a copy and $5 to certify. No record holds a price: Texas has no mandatory sales disclosure, and sales an appraisal district obtains privately are confidential under Government Code Sec. 552.149.
The marquee buildings
The towers that set the tone of the core, and who holds them. A price is the price a document states, on the date it states — not an estimate of what the building is worth now.
| Building | Use | Owner | Owner type | Last price paid |
|---|---|---|---|---|
| Bank of America Building (originally First National Bank Building) 303 W Wall St 329,178 sq ft · 24 floors |
Office | Franklin Mountain Permian II LP Midland's tallest building, 332 ft (Wikipedia). On the 2026 roll account R000035374 (Block 64, Original Town, 2.07 acres) is held by Franklin Mountain Permian II LP, mailed to El Paso, deed 9 Aug 2019 (instrument 2019-24402), market value $40.0M - the second most valuable account downtown. The Wikipedia infobox still lists earlier owners; the roll is newer. Franklin Mountain Permian I-IV entities hold 20 accounts in the city ($106.0M), including the Frost Tower. No price is recorded. |
Private company | —B |
| Wilco Building 415 W Wall St 197,207 sq ft · 22 floors |
Office | Wilco Building Partners, Ltd. Completed 1958; for years 'the tallest building between Fort Worth and Phoenix' (Wikipedia), now second-tallest. Roll account R000035372 (0.40 acre, Block 63, Original Town) stands in 'WILCO BUILDING PARTNER', deed 16 Dec 1986, market value $14.0M; Wikipedia's infobox gives the full name Wilco Building Partners, Ltd. |
Private company | —B |
| Fasken Center (two towers) 500/550 W Texas Ave 419,960 sq ft · 28 floors |
Office | Tall City Towers LLC Two 14-floor towers of 1974 and 1982 (Wikipedia; 28 floors combined). The roll's account R000035155 covers all of Blocks 32 and 33 of the Original Town (4.68 acres) at 500 W Texas Ave, held by Tall City Towers LLC, deed 31 Jan 2018 (instrument 2018-2775), market value $42.7M - the most valuable office account downtown. Wikipedia's infobox still names Midland FC, Ltd.; the 2018 deed is later. |
Private company | —B |
| Frost Tower (formerly WNB Tower) 508 W Wall St 177,744 sq ft · 12 floors |
Office | Franklin Mountain Permian I LLC Built 1982; Frost Bank, which acquired Western National Bank, is the main tenant (Wikipedia). Roll account R000035335 (Block 58, lots 7-9, 0.48 acre) is held by Franklin Mountain Permian I LLC, mailed to El Paso, deed 31 Aug 2018 (instrument 2018-25420), market value $20.5M. |
Private company | —B |
| Midland Park Mall 4511 N Midkiff Rd 645,652 sq ft · 1 floors |
Retail | Mall at Midland Park LLC (Simon Property Group) Fee, 100.0% Simon's 2025 10-K lists Midland Park Mall as owned in fee, 100.0%, built 1980, 99.9% leased, 645,652 sq ft, anchors Dillard's, JCPenney, Ross, Dick's; Schedule III shows no encumbrance and a gross cost of $58.6M (accumulated depreciation $28.7M). On the roll Mall at Midland Park LLC holds 5 accounts (28.2 acres, $30.4M), the main one R000043793 (22.97 acres, $25.5M), all by a deed of 24 Jun 2015 (instrument 2015-14550). The LLC is not in Simon's Exhibit 21, so the link rests on the 10-K property table and the roll together. |
REIT | —B |
| Midland International Air and Space Port (MAF) Loop 40 / La Force Blvd, between Midland and Odessa 1,600 acres |
Civic | City of Midland Inside the city limits and 'owned and operated by the City of Midland' (Wikipedia); FAA-licensed for commercial spaceflight in 2014. The 2026 roll carries 62 exempt City of Midland accounts in the airport's survey sections (Secs 4, 5, 8, 9 of Block 40-T2S) and the airport industrial park: 1,387 acres, $76.5M, the largest the 322- and 321-acre airfield tracts. Tenants hold leasehold improvement accounts (e.g. Ross Midland LLC, hangars). The City's separate general-aviation Midland Airpark is a 396.65-acre account. |
Government | $14,500 1939 Sloan Field bought by the City (Wikipedia) B |
| Momentum Bank Ballpark (Scharbauer Sports Complex) 5514 Champions Dr |
Civic | City of Midland Home of the Midland RockHounds since 2002; owner City of Midland, operator Midland Sports Inc., cost $23 million (Wikipedia). Roll account R000227837 at 5514 Champions Dr (97.55 acres, Westridge Park Sec 53) is City of Midland, exempt, market value $12.7M. |
Government | —B |
| Midland Memorial Hospital 2200 W Illinois Ave |
Institutional | Midland County Hospital District (d/b/a Midland Memorial Hospital) Roll account R000227805 (23.92 acres, 'Midland Memorial Hospital Sec 3') is Midland County Hospital District, exempt, $34.0M; a second account at the same address carries $9.2M of improvements. The district and Midland Memorial Healthcare System hold 15 accounts in the city ($121.0M), including 4214 Andrews Hwy (18.19 acres, $56.1M). Midland Memorial Hospital is the city's second-largest employer, 2,586 staff (City ACFR FY2025). |
Government | —A |
| Midland County Courthouse 500 N Loraine St |
Civic | Midland County The County's own site gives the courthouse address as 500 N Loraine Street. Roll account R000026092 (all of Block 42, Homestead addition, 2.07 acres) is Midland County, exempt, market value $30.5M, deed 1 May 2007. |
Government | —B |
| Midland City Hall 300 N Loraine St |
Civic | City of Midland The City's website gives its address as 300 N Loraine. Roll account R000035115 (Block 25, lots 4-12, Original Town, 1.45 acres) is City of Midland, exempt, $2.7M, deed 26 Sep 1966. |
Government | —B |
The core land
The most valuable ground in the city, and what the public record says about it.
Computed from MCAD's 2026 certified roll (collector export 6 Aug 2026), real-property accounts carrying the City of Midland taxing unit. Values are 2026 market values, not prices; mineral interests are on a separate roll and excluded.
Who owns the town
At this scale the significant owner is rarely a trust or a fund: it is one or two local holding companies, a family in its second or third generation, and often the land around the town rather than the buildings in it.
The City of Midland is by far the largest landholder inside its own limits - parkland, the airport and raw sections of ranchland on the edges - and its holdings run on outside the city to its wastewater disposal farms. The richest public ground, though, is the hospital district's. The largest private holder of land in the city is a ranch-land company, Cumberland & Western Resources LLC. Figures are 2026 certified market values (MCAD export 6 Aug 2026) for real-property accounts carrying the City of Midland (CTM) taxing unit; exempt public property is appraised far below cost. There are no railroad accounts under Union Pacific or BNSF names on the real roll.
| Name | Type | Inside the City taxing unit, 2026 roll |
|---|---|---|
| City of Midland Recorded as 'MIDLAND CITY OF' (463) and 'CITY OF MIDLAND' (36). The largest tracts are three whole survey sections of about 640-652 acres each in Blocks 38-T1N and 39-T1N, Hogan Park (632.3 acres) and the airport. Countywide the City holds 566 accounts and 19,659 acres ($272.9M); its ACFR says the City 'owns property that serves as a wastewater disposal site. There are approximately 12,500 acres at two sites' (part of it outside Midland County, so the roll figure is the floor). |
Government | 499 accounts, 6,623 acres, $220.1MA |
| Midland County Hospital District (Midland Memorial Hospital) and Midland Memorial Healthcare System The hospital campus at 2200 W Illinois Ave and 4214 Andrews Hwy ($56.1M, held as Midland Memorial Healthcare System). The most valuable public owner per acre in the city. |
Government | 19 accounts, 57.2 acres, $122.3MA |
| Midland Independent School District Recorded mostly as 'M I S D' (85 accounts). Largest tracts: Midland High School, 1600 E Wadley Ave (113.8 acres) and Lee High School, 3500 Neely Ave (60 acres). MISD is the city's largest employer, 3,358 staff (ACFR FY2025). |
Government | 102 accounts, 814 acres, $86.2MA |
| Midland County Includes the courthouse at 500 N Loraine St ($30.5M) and Fairview Cemetery (32.8 acres). Countywide 82 accounts, 937 acres. |
Government | 49 accounts, 222 acres, $53.6MA |
| Midland Community College District (Midland College) The campus at 3600 N Garfield St is one 215.2-acre account ($9.4M). |
Government | 12 accounts, 217 acres, $10.9MA |
| Texas Housing Foundation and public facility corporations Texas Housing Foundation holds 3 apartment complexes ($90.3M; 1915 E Scharbauer Dr, 2300 S Lamesa Rd, 1811 Tradewinds Blvd); Texas Essential Housing Public Facility Corporation 1200 Albert Ave ($47.0M) and Compass Pointe GP Public Facility Corporation 1711 W Francis Ave ($27.0M), both tax-exempt. Midland County Housing Authority (1301 Latta St, $13.2M) and Midland Housing Authority (700 W Scharbauer Dr) hold one each. |
Government | 5 accounts, 74 acres, $164.2MA |
| Midland Development Corporation The City's economic development corporation (named in the ACFR); 6 accounts as Midland Development Corp, including a 374-acre tract on Hwy 191, and 3 as North Midland Development Corp. |
Government | 9 accounts, 444 acres, $3.8MA |
| Cumberland & Western Resources LLC Qualified open-space (D1) ranch land on Hwy 191 and S Loop 250 W, tracts of 297-411 acres; 39 accounts and 9,053 acres countywide ($102.8M). The largest private land holding inside the city. |
Private company | 7 accounts, 1,746 acres, $25.5MA |
| United States of America Ten 'United States of' accounts (e.g. 100 E Wall St, 5.1 acres), 2 'United States of America' (2414 Windecker St, at the airport) and 3 U.S. Postal Service sites (15.0 acres on Loop 40). The State's only account is the Texas Military Facilities Commission's 11.7-acre site at the airport ($7.0M). |
Government | 14 accounts, 33 acres, $6.3MA |
| Oncor Electric Delivery Co Substations and line corridors (J3 utility land) inside the city, under three spellings (114 accounts, 466 acres countywide); El Paso Natural Gas Co holds 16 and Southwestern Bell Telephone 9. Oncor is the city's No. 4 taxpayer, $140.2M taxable, mostly utility personal property (ACFR FY2025). |
Public company | 78 accounts, 229 acresA |
Who builds the houses
New-home building in this market: the volume, and the firms behind it. Ownership of a builder matters as much as its volume — a private-equity platform and a family firm behave differently.
Midland builds houses, almost no apartments under permit: the Census Bureau counted 1,317 single-family units ($297.5M) permitted in the city in 2025 and no buildings of two or more units. One local family-founded builder dominates - Betenbough Homes, based in Lubbock - with D.R. Horton the only national. Figures count accounts held in each builder's name inside the city on the 2026 roll (lots and unsold homes), not homes built; no league table of Midland starts by builder was found. Builders whose company name is a person's full name are left out.
| Name | Type | Accounts held inside the city, 2026 roll |
|---|---|---|
| Betenbough Homes LLC 259 vacant residential lots (C1) and 101 houses (A1), $15.3M - three times any other builder. |
Private company | 371 accounts, 392 acresA |
| D.R. Horton - Texas, Ltd. (D.R. Horton) Under three spellings ('D R HORTON - TEXAS LTD' 98, '-TEXAS' 13, 'HORTON-TEXAS' 12); 79 of the main entity's are finished houses. D.R. Horton's FY2025 Exhibit 21 lists D.R. Horton - Texas, Ltd. (Texas) as a subsidiary. |
Public company | 123 accounts, 133 acresB |
| Vineyard Garden Homes Ltd 46 lots and 5 houses. |
Private company | 51 accounts, 10.9 acresA |
| Carrasco Homes LLC 29 lots, 11 houses, 3 commercial accounts ($5.4M). |
Private company | 44 accounts, 9.7 acresA |
| Rosas New Homes LLC 17 lots, 3 houses. |
Private company | 20 accounts, 11.0 acresA |
| Kahler Homes of Midland LLC 13 lots, 3 houses. |
Private company | 16 accounts, 3.0 acresA |
Commercial landlords
The commercial side, counted separately from housing: who holds the office, retail and industrial floor area.
Midland's tax base is oil: the ten largest taxpayers in FY2025 are eight energy companies and two utilities, led by Permian Deep Rock Oil Co LLC ($865.7M taxable, 3.89% of the city's taxable value) and Diamondback E&P LLC ($534.6M) - mineral and business-personal-property values, not buildings (ACFR Table 8). The real-estate landlords below are read from the 2026 roll for accounts inside the City taxing unit. Apartments are the largest private real-estate class: 909 multifamily (B) accounts worth $2.06B against 3,610 commercial (F1) accounts worth $3.91B. Out-of-state syndicates hold most of the large complexes. No national single-family-rental REIT appears; the largest rental-house holder has 68 homes.
| Name | Type | Market value inside the city, 2026 roll |
|---|---|---|
| Franklin Mountain Permian I-IV entities Four related entities mailed to El Paso: the Bank of America Building (Permian II LP, $40.0M), the Frost Tower (Permian I LLC, $20.5M) and other downtown blocks on Wall, Pecos and Big Spring Sts. The largest downtown office owner on the roll. |
Private company | 20 accounts, 14.9 acres, $106.0MA |
| COG Realty LLC Downtown office and parking blocks, the largest 600 W Illinois Ave ($38.5M) and 405 N Carrizo St ($26.6M); 15 accounts mailed to Midland and 12 to Houston. Which parent stands behind the LLC was not established from a filing. |
Private company | 27 accounts, 16.7 acres, $71.0MA |
| Claydesta LP and Claydesta Buildings LP The Claydesta Plaza office park off N Big Spring St, the main account 6 Desta Dr (15.95 acres, $42.5M). |
Private company | 9 accounts, 34.3 acres, $57.3MA |
| Mall at Midland Park LLC (Simon Property Group) Midland Park Mall; Simon's 10-K lists it as owned in fee, 100%. |
REIT | 5 accounts, 28.2 acres, $30.4MB |
| Olympus Coronado DST and Olympus Anatole on Briarwood DST Delaware statutory trusts mailed to Fort Worth; 6000 Briarwood Ave ($57.8M, deed 7 Nov 2025) is the most valuable apartment account in the city. |
Private company | 2 complexes, 29.2 acres, $98.6MA |
| Midland Portfolio Owner LLC Single-family rentals in the Francis addition and elsewhere, mailed to Baltimore, MD - the largest single-family-rental holder in the city. Next: Midland TX Properties LLC (Austin; 30 houses, 13 small apartment accounts, $10.0M) and Andrew Investments LP/LLC (Midland; 43 accounts, $14.5M). |
Private company | 68 houses and 1 apartment account, $17.7MA |
Looked for and not found
Claims this page would have made if a source could be opened. They are left out rather than guessed.
- Who controls COG Realty LLC, Tall City Towers LLC and the Franklin Mountain Permian entities - the roll gives only the entity and a mailing city; no filing was opened that names the parent.
- No sale price exists for any Midland building: Texas has no sales disclosure and MCAD's sale data is confidential (Gov't Code 552.149).
- The downtown 4-star hotel and 800-space garage under the City's 380 agreement ($125M+, with Midland Development Corporation and 'Private Investors', ACFR) - its site and owning entity were not established.
- Midland County Clerk's deed records were not searched, so no deed was read.
Sources
- 2026 Midland Certified Real Property Roll (2026 MIDLAND CERTIFIED COLLECTORS export, 6 Aug 2026; account, owner of record, situs, legal, acres, deed date, state codes, values; _Entity file gives taxing units - CTM = City of Midland) — Midland Central Appraisal District · openA
- Open Records (certified, preliminary and mineral roll downloads; public information request form) — Midland Central Appraisal District · openA
- County Clerk - Fees (copies per page $1.00; clerk's certification $5.00; recording first page $25.00) — Midland County · openA
- 2026 Mass Appraisal Report ('Texas does not have mandatory sales disclosure'; Government Code Sec. 552.149 confidentiality of privately obtained sales) — Harris Central Appraisal District · openA
- Mapping (City of Midland interactive map; MCAD ArcGIS owner shapefiles MidlandCAD2026.zip) — Midland Central Appraisal District · openA
- Midland, Texas (Cityscape: 'the tallest is the 24-story Bank of America Building, at 332 feet') — Wikipedia · openA
- Bank of America Building (Midland) - 303 W. Wall St., 24 floors, 332 ft, 329,178 sq ft, completed 1978 — Wikipedia · openA
- Wilco Building - 415 W. Wall St., 22 floors, 308 ft, 197,207 sq ft, completed 1958; owner Wilco Building Partners, Ltd. — Wikipedia · openA
- Fasken Center - 500/550 W. Texas Ave., two towers (1974, 1982), 28 floors combined, 419,960 sq ft; infobox owner Midland FC, Ltd. — Wikipedia · openA
- Frost Tower (Midland, Texas) - formerly WNB Tower, 508 W. Wall St., 12 floors, 177,744 sq ft, 1982 — Wikipedia · openA
- Midland Park Mall - 4511 N. Midkiff Dr., opened 1980, developer Melvin Simon & Associates, owner Simon Property Group, 635,788 sq ft — Wikipedia · openA
- Simon Property Group, Form 10-K for 2025 (filed 25 Feb 2026): property table and Schedule III - Midland Park Mall, Fee, 100.0%, built 1980, 645,652 sq ft — Simon Property Group / SEC EDGAR · openA
- Midland International Air and Space Port - in the city limits, 'owned and operated by the City of Midland'; 1,600 acres; bought by the City in 1939 for $14,500 — Wikipedia · openA
- Momentum Bank Ballpark - 5514 Champions Drive; owner City of Midland; operator Midland Sports Inc.; opened 2002, cost $23 million — Wikipedia · openA
- Annual Comprehensive Financial Report, year ended 30 Sep 2025 (Table 8 Principal Property Taxpayers, Table 18 Principal Employers, notes on wastewater disposal land and economic development agreements) — City of Midland · openA
- City of Midland official website (contact: 300 N Loraine, Midland, TX 79701) — City of Midland · openA
- D.R. Horton, Inc., Form 10-K for FY2025, Exhibit 21.1 Subsidiaries (D.R. Horton - Texas, Ltd., Texas) — D.R. Horton / SEC EDGAR · openA
- Building Permits Survey, places in the South Region, annual 2025 (so2025a.txt): Midland city, Texas — U.S. Census Bureau · openA