Mark Burnett Of Heritage Golf Group Acquires Three Golf Courses For $45.5M In Florida

The transaction involves three private golf courses located at 600 Palencia Club Drive, 10500 Dartington Drive, and 6823 Southeast 12th Circle, situated in St. Augustine, Fort Myers, and Ocala. The sale price for these commercial properties totaled $45,500,000, and the acquisition enhances the buyer's portfolio to a total of 46 clubs across the United States.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $45,500,000
• Buyer: Mark Burnett
• Buyer's Company: Heritage Golf Group
• Seller: Palencia Golf Club LLC
• Seller: Plantation Golf & Country Club LLC
• Seller: Country Club of Ocala LLC
• Market: St. Augustine, Fort Myers & Ocala

This transaction was facilitated by Hampton Golf, which sold the properties to Heritage Golf Group. Hampton Golf retains ownership of 25 courses post-sale and believes the transaction will position the clubs for long-term success under the new ownership model.