If you’ve ever attended the Mercedes-Benz Polo Challenge, then Two Trees Farm, the bucolic equestrian facility on Hayground Road in Bridgehampton, is surely familiar turf. Every July and August for the past 20 years, real estate developer David Walentas’s 115-acre spread has hosted the challenge, one of the premier events in the world of high-goal polo. But the place where ponies charged up and down the field while the big tent filled with big hats and even bigger VIPs is switching gears this season, and the Bridgehampton Polo Club, the event’s official host, must look for a new home.

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