Arcis Completes Purchase Of 46 Golf Properties From CNL Lifestyle Properties

Dallas, Texas – Pursuant to the Purchase and Sale Agreement dated June 12, 2014 and the CNL Lifestyle Properties, Inc. (“CNL”) Form 8-Okay dated June 18, 2014, Arcis Equity Partners (“Arcis”) introduced on September 30 that it has accomplished the acquisition of 46 golf properties from CNL for $306.5 million. The accomplished buy of two extra CNL golf properties for $13.5 million is anticipated to comply with by the top of the 12 months. Including the 48 properties bought from CNL, Arcis has added 73 golf belongings to its portfolio since making its first acquisition in July, 2013. Arcis’ principals have a longtime historical past within the possession and operation of high-end golf programs, nation golf equipment and world-class vacation spot resorts. On the acquisition of the CNL portfolio, Arcis CEO and Managing Partner Blake Walker commented that, “It is hard to imagine a better strategic fit for Arcis than this unique and irreplaceable portfolio of geographically diverse properties, many of which are long-established and represent strong, market differentiated brands. Arcis is committed to re-investing in the portfolio and improving the quality of its properties through the funding of impactful capital projects and enhanced service levels.”

About Arcis Equity Partners

Arcis Equity Partners, LLC is a non-public fairness agency devoted to creating fairness and debt investments in the actual property and leisure sectors. Arcis’ strategic goal is to generate superior risk-adjusted returns by creating robust partnerships with administration and driving worth creation by way of development – not monetary engineering. The firm seeks to associate with high-quality administration groups and commit its collective expertise and assets to speed up development and construct lasting worth for his or her firms.