Golf Course Realty Market Ends Year with Major Dealmaking
Now that 2022 is in the rearview real estate mirror, the new year seems poised for another positive period of golf-related growth – both on the traditional and growing alternative golf facility front.
And macro-economic uncertainty notwithstanding, two aspects of the golf property market are particularly as relevant as ever. For starters, so-called smart money remains bullish on the golf course asset class and high-profile properties continue to have strong demand from investors.
At least that’s one way to sum up the business, based on several major golf realty finance deals and transactions that transpired in late 2022.
The most recent of these blockbuster golf business deals was Century Golf Partners’s acquisition of the 36-hole Four Seasons Golf & Sports Club of Las Colinas, in Dallas, including the storied TPC of Las Colinas Course that hosted the PGA Tour’s Byron Nelson Championship for 35 years and featured Tiger Woods, Fred Couples, Ben Crenshaw and Payne Stewart among its past champions.