Standard CC in Louisville sold for $4.7M

The Jewish Heritage Fund for Excellence, Inc. has reportedly paid $4.7 million for Standard Country Club, one of the oldest private enclaves in Louisville, Kentucky. The club, which was founded in the 1870s, is said to be $4 million in debt.

Standard features an 18-hole golf course that was designed by Robert Bruce Harris and opened its first nine in the early 1950s.

The fund, which reportedly has more than $90 million in the bank, has previously invested in medical real estate and local health-care operations. For the time being, it plans to continue operating Standard as a private club, under a lease agreement. It’s begun to evaluate its options, however, and early next year it expects to engage the local community to determine the future use of the 150-acre property.

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