Golf Division of the Leisure Investment Properties Group Sells Monroe Golf & Country Club
Monroe, MI – 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 Monroe Golf & Country Club, according to Steven Ekovich, Director of the firm’s National Golf & Resort Properties Group based in Tampa, Florida.
One of Michigan’s oldest private club venues, Monroe Golf & Country Club is a historic Donald Ross design with nearly 100 years of tradition in the Monroe community. Terence Vanek, lead agent on the deal, represented the sellers of the member-owned club. Terence Vanek also facilitated the buyer group, Cary Campbell and his investment group Northern Property Consulting.
When asked about Cary’s plans for the property, Mr. Vanek said: “The club’s Board of Directors originally moved to sell in order to find the best option for the future security of its membership. And after an exhaustive search, the stockholding members found a well-capitalized partner and seasoned operator to strengthen the overall financial character of the club. This property is such a cherished asset of the Monroe community; the members should be proud and grateful for the assurance that its future will remain bright under the direction of a distinguished and reputable golf team.”
“What we were looking for all along was a group that could afford Monroe the ability to obtain a new beginning while maintaining strong traditions. And though Cary’s group has big plans for the club, including a number of significant capital improvement goals to the clubhouse interior, pool, patio and recreation areas, the integrity of the club’s Victorian 1919 architectural intent and history will be preserved, insuring a landmark property and community icon for generations to come.”
The National Golf & Resort Properties Group specializes in marketing golf courses, golf resorts and golf master planned communities nationwide and has brokered 55 courses in less than 45 months, with an additional 6 golf assets under contract and 14 exclusive golf course listings for sale. For more information regarding the sale of the Monroe Golf & Country Club or to learn more about selling or acquiring golf courses nationwide please contact Terence Vanek at 813.387.4809.
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About National Golf & Resort Properties Group:
Founded in 2009, National Golf & Resort Properties Group has become the renowned industry leader in golf course sales nationwide. The group has sold 50 courses, within the last few years, as well as underwritten $1 billion in golf assets. The National Golf & Resort Properties Group successes are unprecedented in the golf course industry. Our management team has over 25 years’ experience in both golf and commercial real estate and 20 years PGA professional management experience. For more information please visit: www.nationalgolfgroup.com.
About Marcus & Millichap (NYSE: MMI)
With over 1,300 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 6,600 transactions in 2013 with a value of approximately $24 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com