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June 1, 2010

Premiere Family Oriented Private Club in Texas

Ponte Vedra Beach, FL – SAGE Golf Group Worldwide recently announced the signing of a management agreement with JP Realty Partners to manage Raveneaux Country Club, just north of Houston in Spring, Texas.

For more than 30 years, Raveneaux Country Club has meant a level of luxury and is regarded as one of the premiere private country clubs in Texas.  In addition to world-class golf, the Club is known for its family-oriented atmosphere, which offers many recreational and social amenities.  Raveneaux has grown to become the natural retreat for members and guests looking for an escape from the rigors of the world.  Designed by Robert Von Hagge in 1979, the Old Course at Raveneaux has proven to be a challenge for all players.

Within the 60,000 square foot Clubhouse that sits among natural woodlands, Raveneaux offers a variety of venues for dining and entertaining.  Members have multiple dining options including formal dining, mixed grille, locker room grilles and exceptional banquet facilities.  The Club also offers full-service golf and tennis shops, 12 lighted outdoor tennis courts and a junior Olympic-sized swimming pool.  In late 2009, the Club completed a $2 million renovation project on the clubhouse interior that has been well received by the membership.

“We are extremely pleased to be working with Mark Jordan and Sarah Catherine Norris of JP Realty Partners and the membership of Raveneaux Country Club”, said Pete Davison, President and CEO of SAGE Golf Group Worldwide.  “Raveneaux Country Club has a rich and long standing tradition and with the hands-on approach of our management team, we hope to create a seamless enhancement to the overall club experience of the membership.”                           

“We are very excited to be working with SAGE Group Worldwide, we spent a great deal of time searching for a strong management team for our country club and I could not be more pleased with our results. SAGE will surely take our course to new heights”, said Mark Jordan, Principal of JP Realty Partners.

About SAGE Golf Group Worldwide

Based in Ponte Vedra Beach, Florida, SAGE Golf Group Worldwide was formed in 2007 by a group of the golf industry’s leading operators who, for 25 years, were responsible for developing, operating and building the brand of the PGA TOUR’s Tournament Players Club Network.  During that time, the SAGE Golf Group Worldwide team was recognized as the finest and most innovative luxury brand operators in the club industry.  The SAGE team works in concert with upscale owners and developers both domestically and internationally to assist them in achieving the goals they have for their clubs and projects.  The SAGE team members’ track record for achievement and success is unmatched in the golf industry.

SAGE Golf Group Worldwide may be contacted through their website at www.sagegolfgroup.com or at 816 A1A North, Suite 202, Ponte Vedra Beach, FL 32082, (904) 285-9200.

About JP Realty Partners

JP Realty Partners is pleased to discuss its present portfolio of properties and its management strategies.  Consisting of numerous buildings and property types, JP Realty Partners owns approximately 2,000,000 square-feet. JP’s portfolio consists of a variety of buildings that fall into several scenarios, from Class “A” office buildings leased to long-term credit tenants, to golf courses and/or country clubs.

JP’s typical acquisition strategy is to purchase value-added/riskier assets; doing so, the company maximizes profits by creatively attracting new tenants, revenue sources, or through adaptive re-use. The opportunity is rare in today’s frothy investment market, but JP purchases small properties to large-scaled, geographically diversified, value-added real estate.

Sooner National Property Management, a subsidiary of JP Realty Partners, is typically retained to actively manage and lease the underperforming assets.

JP Partners may be contacted through their website at www.jppartners.net or at 14801 Quorum Drive, Suite 200, Dallas, TX 75254, (972) 458-7600.