Investors are always looking for opportunities to buy right at the start of the uptrend — which perfectly describes the market for golf courses right now. Golf properties were hit hard in the Great Recession, but are now showing significant signs of improvement. “The golf industry has been in a state of recession since 2006.
Expect the sales market to move towards equilibrium To predict investor buying patterns, market cycles, inventory and seller sentiment relative to golf course properties for this year, it is enlightening to look at where we have come from the last few years. For example, the average golf course was on the market for 328 days
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
Golf Inc. Magazine (Summer 2012): With Commercial Real Estate Confidences Up, is Golf Close Behind? ~ Steven Ekovich
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.
Commercial real estate investors have not been dissuaded by the economic and political turmoil that has dominated headlines in recent months. The same can be true for GOLF COURSE AND RESORT INVESTORS. The last 12 months (10/2010-9/2011) showed year over year sales golf course sales are up by 11%. FL Golf Central.Jan 2012 Golf &
- Published in Golf
Foreclosure and bankruptcy are ugly up options for struggling owners. But there are other options when a bank calls your loan or you simply can’t make the payments any longer. Remember the old joke, “why do they call golf, golf?” Answer: “All the other four-letter words were taken!” Today, banks seem to be the
- Published in Golf