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Disposition Specialists


No other company has the experience and capability of disposing of golf assets than Christovich and Associates. With an expansive network of legal, land-planning and brokerage alliances nationally, we can very quickly identify the appropriate key propositions to determine who best the asset should be marketed to and how.

Additionally, by conducting a thorough in-house due-diligence prior to marketing the asset, we are able to identify any deferred maintenance issues and other potential objections that a buyer may raise so those matters are addressed prior to sales contract execution. We know everything a prospective buyer will be looking for and can tailor the asset sale marketing approach to their specific circumstance, all the while maintaining the asset in the best possible presentation condition, and maximizing top-line revenue growth to enhance the financial picture for the asset over time. Our company’s commitment to quality playing conditions and excellent customer service is equally strong. Our clients rely on us to improve conditions and improve the image of he facility as cost-effectively as possible, not to just be caretakers for the asset.

Up to and through closing, we prepare and perform all the necessary tasks for a successful close, including pro-ration calculations, taking of inventories, maintaining staff morale and communications, and assisting the buyer in assigning licenses, contracts, and permits, and in assuming control of functions such as payroll, tax filings, banking, accounting, website management and other functions they may or not be familiar with.
 

"Successful Golf Asset Foreclosure and Disposition Requires a Unique Blend of Real Estate and Operations Experience"

At Christovich and Associates, we recognize that the REO objective is to minimize lender risk and financial exposure during the receivership and foreclosure process, while in turn maximizing the value of the asset operationally to expedite a prompt sale at the highest value possible. Our team has a unique combination of skills to fulfill these objectives quickly and efficiently by:

  • Quickly identifying the challenges and opportunities of the asset (we do this via an incognito “shopper” visit and market study), not just those limited to golf but to assess any higher and better uses (such as partial or total redevelopment) as well
  • Developing a budget that addresses the most critical operating and capital resources necessary to restore asset value to facilitate a sale
  • Appointing and re-training personnel to implementing the necessary operating plan to rapidly grow top-line revenues and achieve break-even financial results during the asset-sale marketing process
  • Providing frequent and thorough reporting to the client so you can be assured that the entire process is on track and on target