Introducing the New Leisure Investment Properties Group, LLC
We are excited to announce that as of August 2021, the Leisure Investment Properties Group, LLC (LIPG) is a stand-alone national brokerage company focusing exclusively on the leisure industry. Our marina advisors are in a better position to further execute on the LIPG vision of being the preeminent leader in business-driven, investment real estate and advisory services. With continued focus on the core niches of golf courses, marinas, resorts and master-planned communities, our company can adapt more quickly to market changes, dedicate more resources to our clients and more effectively leverage our international investor database, proprietary underwriting and marketing tool to best serve you.
Our firm now provides several new marketing options and platforms for clients, allowing for your asset(s) to be more competitive as sought-after investment vehicles. Without the restrictions and limitations of a large, publicly-traded company, we can focus more of our time and energy on helping our clients create and preserve wealth in the leisure industry, identify the best options for their future goals, and provide the most prescient and forward-thinking advisory services.
In 2009, while a global economic crisis was devastating the real estate market, Steve Ekovich and Chris Karamitsos identified a void in the commercial real estate brokerage industry. With turmoil not seen since the S&L crisis of the 1980s, the golf industry would require specialists proficient in helping investors navigate through incredibly recalcitrant markets…Enter the Leisure Investment Properties Group (LIPG).
Leveraging Chris’ background as both a real estate broker and PGA golf professional, along with Steve’s decades-long track record of facilitating billions of dollars’ worth of commercial transactions, the two formed the golf-centric brokerage division for the publicly traded, commercial real estate investment firm, Marcus & Millichap. The idea was to bring investment-grade underwriting of assets, institutional-quality advisory services, and brokerage “best-practices” to the golf investment community. In the years that followed, the group listed, sold, advised, and underwrote hundreds of properties totaling over $2.5 billion.
In 2010 Terry Vanek, MBA from Florida, joined the group followed by long time industry veteran Rob Waldron, who worked for Leg Mason, Fore Golf and Billy Casper Golf. These four professionals are the founding partners of the new LIPG, LLC.
Four years later (in 2014) the LIPG expanded its services by successfully launching the Marina Division. With the addition of Brett Murphy and long time real estate veteran Jeff Spilman (who are both founding members of the LIPG, LLC), the Marina Division has quickly become one of the top marina brokerage divisions in the industry.
We are well-equipped and eagerly await the opportunity to work with you in the coming years!
-The Leisure Investment Properties Group, LLC