Golf & Master Planned Community Divisions of the Leisure Investment Properties Group Sells Feather Sound Country Club in Clearwater, Florida

by / Wednesday, 29 October 2014 / Published in Press Releases

Clearwater, FL– The National Golf & Resort Properties Group of Marcus & Millichap Real Estate Investment Services (NYSE: MMI), the nation’s largest real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Feather Sound Country Club, an 18-hole Joe Lee/Bob Cupp Signature Course located in Clearwater, Florida.

Steven Ekovich, Managing Director of the firm’s National Golf & Resort Properties Group and lead agent on the asset sale, represented the seller a well-known national owner and management company, Fore Golf. Fore Golf owns and operates over 40 courses nationally and in addition, acts as a third party fee management and consulting company. Fore Golf, one of the premier golf owner operators in the golf industry constantly evaluates each course and as a result is both active in acquisitions and dispositions. Ekovich stated that he is currently marketing a private course in Maryland for Fore Golf which has had significant interest to date. The buyer, Premier Club Holdings, LLC was new to the golf industry but was a major player in the insurance industry.

Ekovich stated, “The club was an outstanding acquisition for the buyer. Feather Sound Country Club is located in Clearwater right over the Howard Franklin Bridge from Tampa, in a stellar demographic market for golf. Arguably the best located golf asset in the Tampa Bay area, the course’s new owner has an extraordinary vision of how to take the club to the next level.” Ekovich went on to say, “The property was marketed locally, regionally, nationally and internationally. We had significant interest from the US and abroad and selected a buyer we felt would be best for the community moving forward.”

Feather Sound consists of 18-holes of championship golf, an expansive 50,000 sq. ft. clubhouse with banquet capacity for up to 300 guests, as well as a lighted Har-Tru tennis facility, swimming complex, fitness center and multiple options for both fine & casual dining. The golf course at this exclusive, private club has plenty of inlets, lakes and mangroves due to its location on Tampa Bay, making it one of the most challenging and unique courses in the area. Feather Sound Country Club was recently named “One of
the Best 5 Private Clubs in Tampa Bay” by the St. Pete Times. In addition to the features described above, The Club also
offers members Tour-quality practice facilities, including PGA and USPTA Professional instruction.

For more information regarding the sale of Feather Sound Country Club or to learn more about selling or acquiring golf courses nationwide please contact Steven Ekovich at 813.387.4791 or visit www.nationalgolfgroup.com.

# # #

About National Golf & Resort Properties Group: Founded in 2009, National Golf & Resort Properties Group has become the renowned industry leader in golf course sales nationwide. The group has sold 50 courses, within the last few years, as well as underwritten $1 billion in golf assets. The National Golf & Resort Properties Group successes are unprecedented in the golf course industry. Our management team has over 25 years’ experience in both golf and commercial real estate and 20 years PGA professional management experience. For more information please visit: www.nationalgolfgroup.com.

About Marcus & Millichap (NYSE: MMI)
With over 1,300 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 6,600 transactions in 2013 with a value of approximately $24 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com

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