(USA Today) -- It's the end of an era.
Michael Jackson's legendary 2,700-acre Neverland Ranch is going to be up for sale, according toRolling Stone. Real estate investment firm Colony Capital will be the ones to put it on the market, despite the family's objections.
"We are frustrated, bitterly disappointed and saddened that it has come to this," a rep for Jackson's estate told Forbes. "Sadly, Michael lost control of Neverland during his life as a result of advice from a former manager."
Jackson bought the property in 1988 from a golf entrepreneur. By 2003, Neverland had 22 buildings, including guesthouses, stables, a movie theater and the famed theme park. At the time, it was valued at $30 million.
Since Jackson's death in 2009, Forbes reports that the estate has brought in $750 million, before taxes and expenses.