Burkle is also the co-founder of Yucaipa Companies, an investment company.
Neverland Ranch – named after the fictional “Neverland” in the story of Peter Pan, the boy who could never grow up – was bought by Jackson in 1987 for $ 19.5 million.
The 2,700-acre property once contained 22 buildings, including an amusement house and a zoo with elephants, a giraffe, orangutans and Jackson’s chimpanzee Bubbles.
Jackson died in 2009 of what the Los Angeles County Coroner said was “acute propofol poisoning.” His physician, Dr. Conrad Murray, was convicted of involuntary manslaughter in connection with Jackson’s death in 2011 and spent less than two years in prison.
The price continues to fall
It was then that Officer Kyle Forsyth shared the ad with Suzanne Perkins.
He said the property, which contains the nearly 12,000-square-foot main building where Jackson lived for 15 years, was kept off the market due to wildfires and mudslides in nearby Santa Barbara, California.
“Everyone in general withdrew about a year,” Forsyth said in 2019.
CNN has contacted Perkins and Forsyth but has not heard from them.
The property, now known as Sycamore Valley Ranch, was jointly owned by the Jackson estate and a fund managed by the real estate investment company Colony Capital.