Miami Beach businessman Lewis G. Gordon controls SGP Inc. of Henderson, NV which directs Southern Golf Partners.
Golf Trust embarked on the liquidation plan last year, citing limited availability of debt and equity capital and unfavorable economic trends affecting the golf course industry. In a plan approved earlier this year, the company's board of directors authorized the disposal of 14 golf courses in Florida, including five in Broward and Palm Beach counties.
The company reports it owns 23 remaining golf courses out of the 44 it owned in 2000.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
