Concert Golf Partners Acquires The CC at Woodmore
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Concert Golf Partners Acquires The CC at
Woodmore
Brandi Shaffer
C&RB News
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Home » C&RB News » Concert Golf Partners Acquires The CC at Woodmore
January 17, 2013 3:08 pm
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The Newport Beach, Calif.-based company acquired the historic
Mitchellville, Md., club in an all-cash transaction. The private club,
founded in 1923, is the nearest to Capitol Hill and has hosted the
National Capital Open, the Women’s US Open and the Maryland State
Open.
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Newport Beach, Calif.-based Concert Golf Partners acquired the historic Country Club at
Woodmore in Mitchellville, Md., on December 28, 2012.
Concert Golf acquired the club’s loan from M&T Bank in an all-cash transaction, and working
closely with the club’s Board, assumed ownership shortly thereafter. The membership and Board
of the historic club selected Concert Golf as its preferred buyer in a discreet transaction that closed
in 18 days.
The private club, founded in 1923, is the nearest to Capitol Hill and features an Arnold Palmer
Signature™ golf course. The club has hosted the National Capital Open, the Women’s US Open
and the Maryland State Open.
“The club had several potential partners for this transition from a member-owned non-profit club to
a professionally managed club,” said Chuck Bishop, Club President of Woodmore. “Concert Golf
was our clear first choice, and the Board is pleased that our historic club will be managed by a
respected, experienced organization.”
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Marcus & Millichap, one of the leading U.S. golf course brokers, assisted the bank with the note
sale.
“It was a pleasure working with Peter Nanula (Managing Partner of Concert Golf) and Concert
Golf,” said Steve Ekovich, of Marcus & Millichap. “Credibility is the currency that we trade in: the
professionalism of their team was appreciated on a number of levels, and they demonstrated the
ability to close on the transaction in a very short period of time.”
“We are honored to be associated with the historic Country Club at Woodmore, boasting a topranked Arnold Palmer Signature™ golf course and a prestigious membership consisting of Capitol
Hill luminaries and avid golfers,” said Nanula. “We will immediately invest in capital improvements
at Woodmore, and provide top-notch service to the club’s members from all over the WashingtonBaltimore corridor.”
http://www.clubandresortbusiness.com/2013/01/17/concert-golf-partners-acquires-the-cc-at-woodmore/[1/23/2013 3:34:55 PM]
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