Friday, March 24, 2023

South Carolina management company to acquire Cape Fear National in Brunswick Forest

Golf courses in Magnolia Greens, Compass Pointe, and now, Brunswick Forest, have all been sold to outside management firms. The sale of Cape Fear National is expected to close in early September.

Brunswick Forest is selling its 18-hole golf course, Cape Fear National, to a South Carolina management company, Atlantic Golf Management. (Port City Daily/File)

LELAND — Cape Fear National golf course in Brunswick Forest could soon be acquired by Atlantic Golf Management. The South Carolina company, based in Murrells Inlet, could own the course by next month.

Related: No $1 million traffic light coming to Brunswick Forest intersection this year

When the sale closes, it will be the last Leland-area course to transition to an outside management firm from its original master-planned community ownership.

Atlantic Golf Management

“It’s not official,” Chip Smith, president of Atlantic Golf Management, said when reached by phone Wednesday. “We haven’t closed.”

The sale is expected to close in early September, Smith said. Next week, Smith’s team is hosting a series of meet and greet sessions at the Brunswick Forest Clubhouse to present the transition. As a public golf course, Cape Fear National offers discounted membership rates to homeowners and membership packages to non-homeowners.

In an Aug. 5 message to Brunswick Forest homeowners, developer Jeff Earp said the company has agreed to sell the golf course in principle. “We are excited about this transaction and the opportunity to work with them in the future,” Earp wrote.

Smith announced the sale to Brunswick Forest homeowners in a letter, describing Cape Fear National as an outstanding course with great potential. “We look forward to taking such a nice course and providing a club experience that members can enjoy for many years to come,” Smith wrote in the letter.

Atlantic Golf Management embodies a hands-on approach to business operations, Smith’s letter states.

The company also owns Brunswick Plantation in Calabash, just north of the South Carolina border. The company purchased Brunswick Plantation for $2.8 million from Caw Caw Land Corp. last year, according to The Sun News. This included Brunswick Plantation’s 27-hole course, clubhouse, rental management business, and check-in building which was converted into a bar and grill.

Located outside Leland town limits but nearby, Compass Pointe Golf Club and Magnolia Greens Golf Plantation also recently underwent a similar transition. In May 2018, Compass Pointe announced Renaissance Golf Group, LLC purchased both courses. Renaissance Golf Group, a newly-formed entity at the time, would be actively managed through Jay Biggs, an experienced PGA professional.

Renaissance Golf Group also manages operations at Beaufort Golf Club in Beaufort, North Carolina.

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