Private investment company CTRL USA will expand its portfolio into the commercial real estate market with the planned acquisitions of golf clubs, resorts and private equestrian properties with food and beverage options, the Atlanta-based firm announced this month.
The company said in a release that it expects scheduling of the first acquisition to begin and close by the end of the year, subject to typical closing conditions. CTRL USA did not identify any purchase targets but the company said the transactions should have an aggregate value of approximately $50 million to $100 million.
"With our detailed market insights and research we have determined the growing trend there is of an extreme demographic diversity influx within the private golfing and equestrian market," the company said in a prepared statement.
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Cheryl Miller
Cheryl Miller, based in Sacramento, covers the state legislature and emerging industries, including autonomous vehicles and marijuana. She authors the weekly cannabis newsletter Higher Law. Contact her at [email protected]. On Twitter: @CapitalAccounts
