In March 2017 The Links at Victoria Golf Course was acquired, located at 340 E 192nd Street, Carson, CA. An active golf course, the property encompasses approximately 176 acres of land.
The business plan is to bifurcate the existing golf course lease and entitle the project in conjunction with a consortium of non-profits. The project will provide sports and learning facilities related to tennis, golf and soccer. Our institutional partner will entitle the remainder of the property into for-profit uses including a multi-use, indoor sports facility, to potentially include attractions such as TopGolf, iFly, a multi-tenant health/fitness/nutrition building, and several restaurants.
To complete the business plan will require the negotiation of a new ground lease with Los Angeles County dedicated to these new uses. Since acquisition, an agreement with the county of Los Angeles was entered for the redevelopment of the site into the sports-based entertainment and recreation center. In Q4 2017 unanimous approval was received from the Los Angeles County Board of Supervisors to move forward with negotiations to amend and reinstate the lease and pursue the entitlements.
The conceptual design plans are now in the works and necessary technical studies for the project are underway.
This is neither an offer to sell nor a solicitation of an offer to buy any security. An investment in a Shopoff limited partnership involves a high degree of risk, including the possible loss of your investment, and is illiquid with an uncertain liquidity date. Past performance is not indicative of future results. Securities offered through Shopoff Securities, Inc., member FINRA/SIPC.