“One of the reasons things are looking better:  Lenders that were saddled with loads of distressed debt in golf courses when the housing market plummeted have unloaded much of the debt, in part by selling courses.  The pace of sales of 18-hole championship-length golf courses slowed from 86 in the first half of 2012 to

“A trend we’ve noticed lately is courses being acquired by somebody who has never been in the industry and is making their first golf course acquisition” ~ Christopher Karamitsos, PGA, Senior Investment Adviser of the National Golf & Resort Properties Group Golf Business Magazine.July 2013.Trophy Hunting

Carmet, IN – The National Golf & Resort Properties Group of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Prairie View Golf Club, an 18-hole championship golf course located in Indiana just outside the Indianapolis MSA, according to Steven Ekovich, Director of the firm’s

“The average golf course sold in 2010 was on the market for 328 days, while that average rose to 348 days in 2011 – but shrunk to 309 days in 2012” ~ Steven Ekovich, National Managing Director, Vice President Investments of the National Golf & Resort Properties Group PGA.com.Mar 2013.More courses will close than open

The golf industry tends to look at golf through a very small window in the clubhouse.  We tend to think what is happening to us is unique and that we are the only ones that have to deal with the type of issues we are faced with.  That could not be further than the truth.

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