Golf course redevelopment

Golf course redevelopment, also known as golf course conversion is a real estate niche, in which investors purchase failing golf courses. Investors then subdivide the golf course into individual plots of lands. They then resell the plots of land for builders, or build on the plots then resell it to residential home buyers. This process is usually done with the assistance of a real estate broker.

The main challenge of this niche is the difficulties that investors face in requesting a variance from cities.[1]

References

  1. ↑ Salkin, Patricia E. (2007). "Ensuring Continuing Community Amenities Through Golf Course Redevelopment". Real Estate Law Journal. 35: 628.
This article is issued from Wikipedia - version of the 6/2/2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.