National Golf and Land

National Golf and Land
C APABILITIES OVERVIEW
Golf Course Services
Unparalleled expertise in golf course brokerage
PM Realty Group’s (PMRG’s) National Golf and Land Group is the leader in national
golf course brokerage. With over 18 years of experience and almost 100 golf and
resort properties sold, the team delivers an unparalleled level of expertise and market
knowledge to a highly specialized industry.
We are a full service team that provide a wide array of services including, brokerage,
consultation, and property inspections.
CORE S E RV IC E S
• Acquisition
• Consulting Services
• Adaptive Property
Conversion and Re-Use
Analysis
• Exit Strategy Valuation
• Disposition
National Expertise
Local Perspective
$500
MILLION
Partial List of Institutional Golf Course Transactions
Value of recently
closed transactions
100
Golf course sales
10
States
Clear Creek Golf Club
18 Holes Carson City, NV
Private
Dove Canyon Golf Club
18 Holes Santa Margarita, CA
Private
Oronoque Country Club
18 Holes Stratford, CT
Private
Redmond Ridge
18 Holes Redmond, WA
Public
Seville Golf & Country Club
18 Holes Gilbert, AZ
Private
Sonqualmie Ridge GC
18 Holes Snoqualmie, WA
Private
The Presidio Golf Club
18 Holes San Francisco, CA
Public
The Woodland Golf & Resort
99 Holes The Woodlands, TX
Private/
Resort
Tour 18 Golf Club
36 Holes Houston & Dallas, TX Public
University Club - South Carolina 18 Holes Columbia, SC
Public
Client Snapshot
Arnold Palmer Golf Management
GE Capital
Sanyo Foods Corporation
Bank of America
Weyerhaeuser - Quadrant Homes
Atsugi Kokusai Kanko
Pacific Links International
Shea Communities
Textron Financial Corporation
Shapell Income Properties
Land Services
Exposing Trapped Equity
Moreover than not, golf courses have historically been valued as a business
rather than as a piece of real estate. Zoning and restrictive covenants often
encumber the underlying land and thus minimalized its value. But what if
this could be changed?
PMRG’s Golf and Land Group has the expertise to explore the issues and
expose a properties true value. In 2014 and 2015, PMRG helped uncover
over $125 million worth of land value in several golf courses whose
combined NOI was about $1 million.
CASE STUDY
Maximizing Land Value
In 2015, the City of Sumner Washington will finalize
the sale of Sumner Meadows Golf Links to Principal
Financial Group to build up to 2,700,000 Square Feet
of Industrial buildings.
The City built the golf course 18 years ago. The 154acre parcel was part of a larger land acquisition by
the city in 1993. In 2012, city officials determined
they couldn’t continue subsidizing the golf course
without raising taxes or utility rates.
As a golf course with negative cash flow, the
“business” had negative value. The adaptive–reuse of
the property yielded the City of Sumner $53 million.
ZONING
RESTRICTIVE COVENANTS
TRAPPED EQUITY
A History of Making Success Look Easy
Established in 1954 and headquartered in Houston, Texas, PM
Realty Group (PMRG) is a national, full service commercial real
estate company committed to generating exceptional returns
for our clients. From management and leasing to development,
acquisitions and investment sales, our team applies the best
minds in the industry to take on even the largest and most
challenging projects.
PMRG’s portfolio – of office buildings, mixed-use centers,
corporate headquarters, industrial properties, medical facilities,
high-rise multifamily buildings and re-appropriated military
facilities – attests to our diverse expertise. Our service offerings
are equally comprehensive, and include investments and
development in addition to a robust range of property services.
Contact
Ken Arimitsu
Senior Vice President
National Golf and Land
18201 Von Karman Ave., Ste 500
Irvine, CA 92612
949.390.5512
[email protected]
OPERATIONAL TERRITORIES
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