Concert Golf Partners sale of Legacy Golf Resort in Phoenix, Ariz for a reported $16 million to Molson Properties marks the first time the buyer has sold a course. Concert Golf Partners burst onto the scene in 2011, with Peter Nanula, CEO, announcing the company would invest more than $50 million into acquisitions of private clubs. He has exceeded that number, with investments now greater than $250 million and 22 courses. Last August, he announced the company had secured another $100 million in new equity managed by Blackstone, one of the world’s largest investment firms.It acquired Legacy Golf Resort from Wyndham Vacation Resorts in late 2014, the only daily fee course in its portfolio.
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