Arcis Golf acquired TPC Valencia from a master-planned community developer in late January. While the price was not disclosed, the list price was $7.5 million. Ken Arimitsu, Sr. Vice President with PMRG, brokered the deal.
Arcis already owns Valencia Country Club, which is two miles from TPC Valencia, and plans to market memberships to both clubs.
“We are excited to add this facility to our growing collection of one-of-a-kind lifestyle properties,” said Blake Walker, CEO of Arcis Golf. “This club fits perfectly with our strategy of owning and operating exceptional golf clubs and enhances our ability to deliver differentiated experiences to our members and guests within the greater Los Angeles region.”
Valencia is 35 miles northwest of downtown Los Angeles in the Santa Clarita Valley.
The seller was FivePoint, the largest developer of mixed-use, master-planned communities in Coastal California. Lennar Corp. spun it off as a separate entity in 2016 and the company went public in May.
“We are proud of our role in bringing this great golf club to our community,” said Don Kimball FivePoint’s local community president. “TPC Valencia has established its position among prominent private clubs across Southern California and has elevated the quality of life here in Valencia and the Santa Clarita Valley.”
TPC Valencia opened in 2003, and was designed by Mark O’Meara and PGA TOUR Design Services. The club has a 32,400 square-foot “Old California” ranch-style clubhouse.
Arcis plans significant capital reinvestment and will rebrand the club as part of a multi-club lifestyle amenity to the community. Valencia includes several affluent communities and 21,500 future homes in nearby Newhall Ranch.
Arcis Golf has expanded its portfolio of owned and operated clubs to include more than 60 private, resort, and daily-fee club clubs throughout the country. During the past three years, it has invested more than $60 million in upgrades.