Two Industry Leaders Will Target $1.2 Billion Golf Course Market
TOLEDO, Ohio – GE Real Estate has announced that it will collaborate with Arthur Hill/Steve Forrest Associates. Based in Toledo, Ohio, Arthur Hill/Steve Forrest Associates is one of the world’s largest and most active golf course design firms. The new relationship will better position both firms to build market share in the high-end golf real estate and multi-course ownership segments.
"Initially, we will work together to leverage the well-established brand of the Arthur Hills organization to further strengthen GE’s position in the golf market place," said Jim Mendelson, Managing Director, Golf Lending and New Product Development at GE Commercial Finance Real Estate. "Today we will work with seasoned owners/operators who seek to acquire and refinance golf courses. We also see many future possibilities, such as financing member-owned clubs."
"It’s always been a significant goal of ours to identify industry leaders in the various sectors and formalize relationships with them," says Quentin Lutz, Vice President of Global Business Development with Arthur Hills/Steve Forrest and Associates. "GE Real Estate shares this goal. This union enables both firms to offer our clients a much broader base of recommended services to support their strategies for growth."
"Traditionally, the golf course architect is party to course development or renovation plans at a very early stage," says Arthur Hills, founder and principal of Arthur Hills/Steve Forrest and Associates. "We’re there when decisions are made, and we’ve always done our best to direct our clients to viable financing options. But this new relationship with GE Real Estate takes this process to an entirely new level ."
Contact:
GE contact:
Brent Feigenbaum
203/585-0810
brent.feigenbaum@ge.com
HLB Communications, Inc.
Pamela Flores
312/649-0371
pflores@hlbcomm.com
Arthur Hills/Steve Forrest & Associates contact:
Quentin Lutz
419-841-8553
qlutz@arthurhills.com
Phillips Golf Media
Hal Phillips
207-926-3700
onintwo@maine.rr.com
