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Troutman Sanders Closes Sale of Pauma Valley Country Club for Equity Memberships

10.03.18

SAN DIEGO October 3 – Pauma Valley Country Club, one of America’s premier golf resorts with members from all over the country, was sold to a private investor. The Troutman Sanders team advising Pauma Valley’s equity membership on the transaction was led by partner Michael Whitton (Real Estate) with support from associate Lile Benaicha (Real Estate), partner Jason McLarry (Construction) and associate Alexandra Smith (Construction).

The sale was unique and complex in that 400+ equity members agreed to sell the golf course and country club and, in the process, transitioned equity memberships into new memberships with no equity interest rights. It also included pay-off of property debt, funding of an irrevocable account to pay for substantial renovations and improvements around the Club, and long-term operating covenants for the course to preserve its heritage, its membership program and the private nature of the club.

“We are very pleased with the results of the sale of Pauma Valley Country Club,” said Bill Carlson, president of Pauma Valley Country Club. “Mike and his team skillfully navigated the complexity of the transaction and we are pleased with the outcome.”

Pauma Valley boasts a Robert Trent Jones designed 18-hole championship golf course and has hosted nationally televised matches featuring the likes of Arnold Palmer, Gary Player and Jack Nicklaus.

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