In March 2012, the Court-Appointed Receiver of the Sea Trail Resort, situated in North Myrtle Beach, in the town of Sunset Beach, North Carolina approached Steven Ekovich, Managing National Director, Vice President of Investments of the Leisure Investment Properties Group regarding the sale or auction of the resort. Upon the initial tour of the property, Mr. Ekovich realized the tremendous disrepair of the property and the substantial need of capital expenditure to restore this once preeminent resort and adjacent property back to its formal nationally renowned prominence.
In 2012, eight brokers were invited to present proposals to represent the sale of the Fords Colonly Country Club and master planned community located in Williamsburg, VA. Seven brokers informed the sellers the property should be listed between $10,000,000 and $16,000,000. Steven Ekovich, National Managing Director and Vice President of the Leisure Investment Properties Group informed the sellers, after a full valuation of the property that Ford’s Colony based on any golf metric known, there is no cooberating evidence to support their current pricing by the other brokers.
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In 2010, WCI Communities Sun City Center Portfolio was listed for sale. The propery consisted of 7 golf course portfolios with over 15,000 retirement households. Prior to contacting Steven Ekovich, National Managing Director, Vice President of Leisure Investment Properties Group, WCI received six offers on the property, with the highest bid being $6,000,000.