Opportunity for Golf Course Purchase

[James Trautz]

Good morning, 

I belong to an HOA and have recently found out that the owner of the Golf Course in our community has decided to sell the property. Normally, this is not a problem, however, he has decided to sell the property to a developer who (it appears) has already greased the skids for rezoning the property into Medium Density Housing. We have been successful in the past in temporarily halting the rezoning and the planned development, however the county is pretty insistent on allowing the building to move forth.

In speaking with other homeowners, we feel the quickest and best way to halt this planned development is to "control the property." It would be nice if the HOA could buy the property outright, but time is short, and getting all of the 1452 owners (25% of which are absentee and overseas owners) to agree on a purchase just isn't practical. Our next best hope is to either find an investor who sees the potential for the course, create a REIT, or to have a REIT invest in this property as part of it's portfolio.

Any help from the great people on this site would be greatly appreciated!