PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002
MEDIA CONTACT:
Whitney Williams
Marketing & Communications Manager
PMRG
(713) 209-5935

Apr 25, 2013

PM REALTY GROUP COMPLETES ACQUISITION OF DOVE CANYON GOLF AND COUNTRY CLUB

ORANGE COUNTY, CA - PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced that it completed the acquisition of Dove Canyon Golf and Country Club in Orange County, California for an undisclosed sale price. PMRG represented both the buyer, Pacific Links International, a Canadian-owned golf corporation, and seller, Sanyo Foods, one of Japan's largest food producer, in the transaction.

The acquisition of Dove Canyon marks the tenth property to be added to Pacific Links' growing portfolio, which includes courses located in Hawaii, Las Vegas, and West Virginia. Dove Canyon Country Club is the only private Jack Nicklaus Signature Course in Orange County, and features rolling fairways surrounded by canyons and waterfalls, and designed to blend seamlessly with its natural landscape. The par-71, 6,902 yard championship layout is intended for golfers of all abilities.

"The sale of Dove Canyon Country Club represents one of the most significant golf course transactions to date nationally, both in terms of quality of asset and purchase value," said Ken Arimitsu, Vice President of PMRG. Dove Canyon is the third property that Arimitsu, along with Keith Cubba of Colliers International - Las Vegas, has transacted with Pacific Links International. Prior to the Dove Canyon transaction, the team served as exclusive brokers in the sale of Southern Highlands Country Club and South Shore Country Club, both located in Las Vegas.

The previous owner of Dove Canyon, Sanyo Foods, purchased the golf and country club in 1992 as an investment. Pacific Links will provide additional value to club members by featuring a unique reciprocal access structure granting members access to more than 60 world-class clubs around the globe, which has proven to be a successful business strategy as the company continues to grow its portfolio of courses throughout North America, Australia and Southeast Asia.

About Pacific Links International

Pacific Links International is a Canadian-owned golf corporation that provides member access to more than 60 quality golf clubs by some of the game's greatest designers including Pete Dye, Greg Norman and Jack Nicklaus in signature golf destinations in North America, Australia and Asia. Pacific Links offers a unique membership structure whose main feature is reciprocal access to multiple clubs around the world with tour-quality design, strong character and deliver a memorable golf experience in a cosmopolitan golf location.

In Hawaii, Pacific Links owns and operates Kapolei Golf Club (home of the Pacific Links Hawai'i Championship), Royal Hawaiian Golf Club, Olomana Golf Links, Makaha Valley Country Club (East), and Makaha Golf Club (West), currently under renovation by Greg Norman. Pacific Links also owns Pete Dye Golf Club (#45 on Golf Digest's ranking of America's 100 Greatest Courses) in West Virginia, and Southern Highlands and SouthShore Golf Clubs in Las Vegas. Pacific Links is also building The 27 Club in Tianjin, China, which is scheduled to open in 2015. For more information, visit www.pacificlinks.com.

About PMRG

PMRG merged operations with Madison Marquette in June 2018 to create a new leader in commercial real estate. The firm offers PMRG’s leasing, property management, investment management and development services, combined with Madison Marquette’s specialized development, investment and marketing expertise. Madison Marquette’s strength in retail and mixed-use assets joins PMRG’s office, medical, industrial and multi-family capabilities to provide national leadership across asset classes. PMRG’s dominance in the southern US combines with Madison Marquette’s presence in primary gateway markets on both coasts to serve the top institutional owners and investors in the industry. The company provides leasing and management services to a diverse portfolio of 330 assets in 24 states and manages an investment portfolio valued at over $6 billion. The combined company is headquartered in Washington, DC with a major presence in Houston, TX. With 600 professionals in 12 regional markets, the merged firm is a member of the Capital Guidance group of companies.