Complex sentence: The hundred-year-old core ranch was originally owned by California-based Elsinore Land & Cattle Company, but in 1992 was acquired by Gerald Lyda of San Antonio, Texas who renamed the property La Escalera Ranch (Spanish for "The Ladder").
Split into simpler sentences: The hundred-year-old core ranch was originally owned by California-based Elsinore Land & Cattle Company. In 1992, the property was acquired by Gerald Lyda of San Antonio, Texas and renamed La Escalera Ranch (Spanish for "The Ladder").