Meadowbrook Golf near Kansas City sold, Landscapes to manage

Caymus Real Estate, a new commercial real estate and development firm, acquired Meadowbrook Golf and Country Club near Kansas City, MO. earlier this month. The real estate company, which expects to invest $50 to $100 million in development deals and acquisitions annually, assumed $4.3 million in debt and agreed to inject $1 million in capital into the struggling course, according to sources close to the deal.

Caymus hired Landscapes Golf Group to manage the facility. This is Landscapes’ fourth Kansas City-area facility, and its 23rd 18-hole equivalent golf course overall. The Lincoln, Neb.-based management company, owner and contractor also owns and operates Drumm Farm Golf Club in Independence, MO. It provides management services for The Country Club of Blue Springs and manages the new Firekeeper Golf Course in Mayetta, KS.

“We are extremely pleased to finalize the acquisition of this special piece of property,” said David Harrison, principal, Caymus Real Estate LLC. “This club has a long history in Prairie Village and we are very excited about its future. Teaming with Landscapes and leveraging their experience to help us develop one of the most attractive club experiences in Kansas City made perfect sense.”

Harrison previously led the Kansas City office of developer Opus Northwest LLC for 10 years until it went into bankruptcy this summer. At Caymus, he has partnered with Cecil Van Tuyl, who is one of the richest men in Kansas City’s, having built the nation’s largest network of privately owned car dealerships, the Kansas City Business Journal reported.

Harrison said Caymus Real Estate will focus on the Midwest, and plans to do development deals in all commercial market sectors, including multifamily, build-to-suit projects and speculative builds. Under the management agreement, Landscapes will be responsible for the club’s golf, tennis, swimming activities and hospitality needs, including food and beverage, marketing, course maintenance and management of the facility’s day to day operations.

“We are very excited about the opportunity to manage Meadowbrook Golf and Country Club,” said Mike Jenkins, president of Landscapes Golf Group. “We have experience in the Kansas City market and have been successful elsewhere in the private club business.”

Comments

I love this course...It Rocks as do most courses in Kansas City!! You should take a trip to see the incredible goodness that The Heart of America has to offer you. Check it out Playas!!

The key as I see it is a cooperative effort to grow the game. I agree that the key is women and breaking down the good old boy network

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