Shea Homes sells two Trilogy-branded courses

Shea Homes earlier this month sold two of its Trilogy-branded golf courses, Trilogy Golf Club at Redmond Ridge in Redmond, Wash., and Trilogy Golf Club at La Quinta in La Quinta, Calif.

Bellevue, Wash.-based Oki Golf purchased the Redmond Ridge course for $5.3 million, and is renaming the course The Golf Club at Redmond Ridge. The Trilogy at La Quinta course was purchased by TLQ Partners for $8.6 million in a deal brokered by Grubb & Ellis’s Golf Property Group.

Jeff Hinkle, vice president for Shea Homes Trilogy, said the two sales were consistent with Shea’s business plan to sell off golf course assets in their branded communities when the company’s real estate sales business is completed at those locations. The company had previously sold its Trilogy-branded courses at Glen Ivy in California and Power Ranch in Arizona in a similar fashion.

The homebuilder currently owns five other courses — Trilogy Golf Club at Rio Vista, Brentwood Golf Club, Trilogy Golf Club at Vistancia, Blackstone Golf and Country Club and Encanterra, a Trilogy Golf and Country Club.

With the acquisition of the Redmond Ridge club, Oki Golf now owns 11 courses in Washington. Both the Redmond Ridge course and Trilogy at La Quinta were designed by architect Gary Panks.

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