National Golf and Land CAPABILITIES OVERVIEW
National Golf and Land
C A P A B I L I T I E S O V E R V I E W
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.
• Acquisition
• Adaptive Property Conversion and Re-Use Analysis
• Consulting Services
• Exit Strategy Valuation
• Disposition
CORE SERVICES
Golf Course Services
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
PARTIAL LIST OF INSTITUTIONAL GOLF COURSE TRANSACTIONS
National Expertise
100Golf course sales
$500 MILLIONValue of recently closed transactions
States10
Local Perspective
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
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.
Land Services
ZONING RESTRICTIVE COVENANTS
TRAPPED EQUITY
CASE STUDYMaximizing 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 154-acre 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.
A History of Making Success Look EasyEstablished in 1954 and headquartered in Houston, Texas, 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.
OPERATIONAL TERRITORIES
CONTACT
Ken ArimitsuSenior Vice PresidentNational Golf and Land
18201 Von Karman Ave., Ste 500Irvine, CA [email protected]
www.pmrg.com