A limited number of finance options for golf course owners and potential buyers has led to a slow down in sales.
Long after most U.S. industries have begun to enjoy a recovery from the Great Recession, the real estate side of the American golf business remains trapped in a quandary.
The pace of golf course sales illustrates the problem. Last year, according to Marcus & Millichap’s Leisure Investment Properties Group, 123 properties valued between $1 million and $10 million changed hands. The number is close to the norm. During the past decade — that is, since 2007, the onset of the Great Recession — an average of 130 U.S. golf properties in this price range have sold annually.
Brown Golf discusses with Donald Trump Jr. Golf Facility Management. Highlighting several successful programs and operational standards, Brown Golf was able to provide an insight on how we approach and assist struggling golf facilities in today’s economy.
Since his 2011 purchase of Pinecrest Golf Club and subsequent acquisition of Island West soon thereafter, John Brown has made an indelible mark on the Hilton Head/Bluffton golf industry in a very short period of time.