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.
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