LAS VEGAS-A subsidiary of Scottsdale, AZ-based Troon Golf has sold the Revere Golf Club in Henderson, NV to Newport Beach, CA-based CORE Realty Holdings LLC, a private equity investment fund. The purchase price for the 400-acre, 36-hole club was $28 million. Troon Golf will continue to manage the property.

Revere Golf Club is located within the Sun City Anthem master-planned community located 20 minutes south of the Las Vegas Strip. It consists of two, 18-hole championship golf courses and a 23,000-sf clubhouse. Golf Digest’s lists the Revere as one of its “Best Places to Play.”

The broker in the deal, Todd Ratliff of Hodges Ward Elliott’s Golf Division, says the two relatively new courses attracted more than 80,000 rounds in 2006. “The barriers to new competition, especially this close to The Strip, make The Revere an especially attractive investment,” he says.

CORE Realty Holdings LLC and its affiliates own and professionally manage more than 10.6 million sf of commercial real estate for its owners and investors. CORE vice chairman Doug Morehead says the Revere acquisition is the first of what he hopes will be a number of golf-related property acquisitions as it looks for alternatives to its current portfolio of multifamily, commercial, retail and industrial investments.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.