River Trace Golf Course

Greeneville, Tenn.
Buyer: Private Investors
Seller: Mountain River Developments LLC
Price: $3 million

Purchased by a group of seven investors, the former River Trace Golf Course has been renamed Nolichuckey View Golf Course. The now 18-hole course measuring 6,085 yards was originally designed as a nine-hole layout in 1997 by Larry Budreau. The semi-private course, part of a 70-unit residential community, has approximately 100 members whose memberships will remain valid under the new ownership group. The $3 million sales price yielded a cap rate of approximately 4 percent.

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