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Golf Trust Liquidating Five South Florida Properties

FORT LAUDERDALE, FL-The proposed deal for Bonaventure Country Club and its two 18-hole golf courses collapses over alleged environmental and title problems. Fort Lauderdale is 26 miles north of Miami.

By David R. Corder | Updated on March 30, 2001

FORT LAUDERDALE, FL-Golf Trust of America Inc. plans to sell 14 golf courses in Florida, including five in Broward and Palm Beach counties, as part of a recent announcement to follow through on a proposed liquidation plan.

The 14 properties account for about 37% or $19 million of the total Golf Trust annual revenue.

Shareholders in the Charleston, SC-based real estate investment trust will meet in May to vote whether to approve the divestiture of its holdings in 44 golf courses.

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