Three Phoenix Golf Courses Change Hands for $57M

Thompson Golf Group (TGG) sold three Phoenix-area golf courses but will stick around and manage the courses. The Walden Group was the buyer of Longbow Golf Club, Power Ranch Golf Club and Dove Valley Ranch Golf Club. Dove Valley Ranch sold for the lowest price of the three, at $16.3 million, and Longbow the most, $23.5 million. Power Ranch traded for $17.1 million.

Thompson Golf Group is a multi-state golf ownership and management company with properties in Minnesota, Arizona, and Texas. Through Thompson Golf Management, the organization oversees daily operations, strategic planning, agronomy, food and beverage, and guest experiences across both public and private golf facilities.

The Walden Group is a private real estate investment and operating company founded in 1993 with a diversified portfolio spanning real estate and an expanding collection of golf properties across the United States. Through its golf division, Courses at Walden, the company acquires and invests in premier golf assets with a focus on long-term stewardship and strategic investment.