Carson, CA, May 16, 2017 –
Shopoff Realty Investments, a national manager of opportunistic and value-add
real estate investments, announced today that it has invested in the entity
that holds the ground lease for the Links
at Victoria Golf Course.
The County of Los Angeles-owned 170+ acre property
is located at 340 East 192nd Street in the city of Carson, California.
“The Links at Victoria
Golf Course acquisition fits in well with our overall portfolio, as we focus on
properties in core infill locations with value-add components,” said Shopoff
Realty Investments CEO William Shopoff.
“We are thrilled to invest in this property, and will continue to seek similar
investment opportunities that align with our company acquisition strategy.”
The golf course is in
close proximity to the major employers and residential areas of South L.A.
County. The current golf course
management by Greenway Golf and the cash infusion provided by Shopoff will
allow the facility to return to operational soundness.
“Current plans for the
golf course include increasing operational income through enhanced golf course
facilities and food and beverage operations,” said John Santry, executive vice president of Shopoff Realty Investments
Land Division.
“Plans also include creating a better overall visitor experience
for local golfers, including a completely redesigned driving range, which will
also increase the number of rounds played and the top line revenue.”
The opening for the new
driving range is scheduled for June 2017 in anticipation of the extended summer
playing hours. A beverage cart with
on-course service will commence in the coming weeks. Additional course enhancements
including environmentally friendly turf reductions are planned for the future
as well.
For a complete copy of the company’s news release,
please contact:
Jill Swartz
Spotlight Marketing
Communications
949.427.5172, ext. 701
No comments:
Post a Comment