A portfolio of three Phoenix-area golf courses has changed hands in a $57 million transaction, with Thompson Golf Group selling the assets and remaining in place as manager. The courses involved in the sale are Longbow Golf Club, Power Ranch Golf Club and Dove Valley Ranch Golf Club, all located in the greater Phoenix market.
The buyer, The Walden Group, acquired the three properties at individually disclosed prices. Longbow Golf Club was the highest-priced asset in the portfolio, trading for $23,500,000. Power Ranch Golf Club sold for $17,100,000, while Dove Valley Ranch Golf Club was the lowest-priced of the three at $16,300,000.
Although the ownership of the courses is changing, Thompson Golf Group will continue to manage the facilities. The company will remain responsible for day-to-day oversight through its management platform, preserving operational continuity at Longbow, Power Ranch and Dove Valley Ranch following the sale.
Thompson Golf Group is a multi-state golf ownership and management company with properties in Minnesota, Arizona and Texas. Through its Thompson Golf Management arm, the organization oversees daily operations, strategic planning, agronomy, food and beverage and guest experiences across a mix of public and private golf facilities. The firm is positioned as both an owner and operator within the golf sector, and its continued management of the Phoenix-area courses extends that role even as ownership transfers to a new investor.
The Walden Group, founded in 1993, is a private real estate investment and operating company with a diversified portfolio across real estate assets and an expanding collection of golf properties in the United States. Its golf division, Courses at Walden, focuses on acquiring and investing in premier golf assets with an emphasis on long-term stewardship and strategic investment. The purchase of Longbow Golf Club, Power Ranch Golf Club and Dove Valley Ranch Golf Club adds to The Walden Group’s growing national platform of golf properties.
The transaction illustrates ongoing institutional interest in golf-related hospitality and recreational assets in the Phoenix area, with capital targeting established courses and retaining experienced management to support operations and guest experience.
