The Elkhorn Golf Course is a unique property that's changing the way Oregon investors are looking at real estate.
Some investors may be nervous about real estate, but the truth is that avoiding real estate investments altogether is not the wise choice. The wise choice is to invest smartly, and the Elkhorn Golf Course project is one example of a truly wise investment in the community. There are several reasons that this development is getting the attention of savvy investors.
Final Approval Has Been Given to DEVCO Builders for Entitlements
There's an existing plan to add residential developments to the property, and DEVCO Builders has received final approval from the County of Marion. In total there's an area of 463 acres of developable residential land, and the plan includes building 150 single family residence lots, as well as 46 condo/cottage lots. The plans also include additional incitements to buyers, including resort-like luxuries, hotel pad, and access to the impressive 18 hole golf course.
New Features Have Been Added to the Existing Golf Course
A new residential development isn't the only exciting thing happening at the Elkhorn Golf Course. There have also been many changes to the course itself, which helps make it more competitive in today's market. Operations computers and software have been updated to ensure the highest efficiency and most positive guest experience. A covered seating area has been built around the snack area, and the course has been overall cleaned up, cleared out, and opened up in some areas. For example, numerous tress have been removed, which results in a more player-friendly course.
MKA Capital Group Advisors Successfully Won Litigation
With any development of this size, there are bound to be environmental groups and anti-development groups who bring litigation in an attempt to prevent the project. In this case, this litigation has already been brought and won so potential investors have the peace of mind that a strong track record is in place. All litigation matters, which include land protection and water entitlements, was won by MKA Capital Group Advisors and there is no currently pending litigation.
The Property Has Been Profitable Since 2010
Jason Sugarman of MKA Capital Group Advisors, LLC took over the property in 2009 and saw a profit as quickly as the winter of 2010. With results like that, it's clear that something is being done right. In fact, this property is in the hands of a real estate advisor, management and development company that's shown great success in a number of projects. Jason Sugarman is head of investments, while George Baker heads up real estate development projects, construction, management, and brokerage. MKA Capital Group has had profund success managing funds for institutional investors.
Starting in 2002, the company has worked on developments throughout the western United States, which has included California, Hawaii, Colorado, Utah, Oregon, Arizona, Nevada, Texas, Florida and Washington. In total, they've been either the developer or lead investor on over 100 real estate developments with a total of more than $3 billion in development value. Put simply: The property is in good hands.
The Bottom Line: Why is Elkhorn Golf Course an Important Development?
Any of the above reasons are good enough to consider this an important development, but when you combine them it's easy to see that this development has the potential to be a big winner for Oregon. With proven success in improving the golf course, final approval granted for entitlements, and a history of winning litigation brought by environmental groups and anti-development groups, it's not hard to see that this development is a sound choice for those who want to diversify their portfolio or get into the real estate investment industry.
