Tartan Fields sells for $5.87M

In a transaction that closed in mid December 2013, CF Arcis LLC acquired the financially challenged Tartan Fields Golf Club in Dublin, Ohio. Arcis reportedly paid $5.87 million for the 16-year-old private club, which has been in the hands of a receiver since 2009, when it defaulted on a loan.

Tartan Fields features an 18-hole, Arnold Palmer-designed golf course. It’s the centerpiece of a community developed by Tom Anderson, who once also owned Golf Club of Dublin.

Arcis is an affiliate of Fortress Investment Group, a New York City-based firm that invests in undervalued and distressed assets. Last year, the partners also bought three golf properties from BrightStar Golf Group, including Pradera Golf Club in suburban Denver, Colorado and TPC Snoqualmie Ridge in suburban Seattle, Washington. 

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