Looking to "set the stage for unforgettable experiences in extraordinary places," experiential REIT VICI Properties will fund Cabot's property-wide transformation of Cabot Citrus Farms in Brooksville, Fla., into a destination golf resort and community, Cabot's co-founder and CEO Ben Cowan-Dewar announced this week.

The development includes a new clubhouse, luxury lodging, health and wellness facilities and a vibrant village center. Brooksville is due west from Orlando, about 50 miles from the Gulf Coast.

Future of Cabot Citrus Farms has entered into a delayed draw term loan facility for up to $120 million and a purchase and sale agreement with Cabot, a developer, owner and operator of destination golf resorts and communities. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • 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
NOT FOR REPRINT

© 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.