With the vast turnaround of the Elkhorn Golf Course asset, both Jason Sugarman and George Baker are happy with the material improvements and financial performance as a whole.
Newport Beach, CA (PRWEB) February 03, 2013
MKA Capital Group sent DEVCO Builders Asset Management Division to the Elkhorn Golf Course in 2009 to see how the project was being run. Jason Sugarman of MKA decided to take over the asset in December of that year. In order to improve the course, George Baker, President of DEVCO Builders, sent his team to work on several different aspects of the Elkhorn asset. To gain more substantial online presence, Elkhorn received computer upgrades and became interfaced with Golf Now, who is associated with the Golf Channel, providing them with more publicity and clientele. A couple changes were made to the course to make it more people friendly, including cleaning up the area, adding covered seating to the snack area, and providing golf carts and golf course maintenance equipment.
Once DEVCO Builder Management consolidated staff and excessive supplies, the course saw a profit by winter of 2010. Since then, Elkhorn has continued to be profitable, even though the adverse weather through the 2011-2012 seasons prevented 40% of golf activity. With the vast turnaround of the Elkhorn Golf Course asset, both Jason Sugarman and George Baker are happy with the material improvements and financial performance as a whole.
MKA Capital Group Advisors is a real estate advisor, management and development company headed by Jason Sugarman in Investments and George Baker in Real Estate Development Projects, Construction, Management and Brokerage. MKA manages funds for institutional investors. They are based in Newport Beach.
Since 2002, the company has been involved in developments throughout the entire Western United States including California, Hawaii, Colorado, Utah, Oregon, Arizona, Nevada, Texas, Florida and Washington. The company has also been the developer or lead investor in over 100 real estate developments totaling over $3 billion in development value.