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 92612949.390.5512karimitsu@pmrg.com

www.pmrg.com