MKA Capital Group is Hole in One for Elkhorn Golf Course
MKA Capital and DEVCO Builders see Profit in Golf Course Project since 2009.
Newport Beach, CA, February 02, 2013 --(PR.com)-- MKA Capital Group Advisors sent DEVCO
Builder's Asset Management Division to Elkhorn Golf Course to see how the project was being run. Soon
thereafter, Jason Sugarman of MKA decided to take over the asset in December of 2009. The reason
George Baker, President of DEVCO Builders, sent his team to the Elkhorn Asset was to improve the Golf
Course through several different aspects. The first was through online marketing. Computers and up to
date software were brought to the Golf Course, resulting in Elkhorn becoming interfaced with Golf Now,
which is associated with the Golf Channel. This brought more publicity and clientele. A covered seating
area was added to the snack area, the course was cleaned up, and trees were removed to make the course
Cleaning up the course was no walk in the park. MKA Capital Group Advisors had to fight several
lawsuits, both from environmentalists and anti-development groups. They were, however, able to prevail
in all litigation matters to protect the land and water entitlements. Upon receiving final approval from the
County of Marion for the entitlements of the Elkhorn project, DEVCO Builders was able to build 463
acres of developable residential land.
Once DEVCO Builders consolidated staff and excess supplies, they were able to see a profit by winter of
2010. Since then, Elkhorn has continued to be profitable even though the harsh conditions of 2011-2012
prevented 40% of golf playing time. Overall, both Jason Sugarman and George Baker are happy with the
turnaround with the Elkhorn Golf Course asset, with the material improvements and the financial
performance as a while.
MKA Capital 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 and is 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.
MKA Capital Group Advisors
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