TORONTO, April 7, 2020 /CNW/ - Longridge Partners has confirmed today the closing of its acquisition of the Devil's Pulpit Golf Association in Caledon.
In a letter sent to members by new ownership, Mackenzie Crawford, President of Longridge Partners, announced the deal and reiterated the company's commitment to the future. "Despite the current club closure and uncertainty created by these global circumstances, we felt strongly about the importance of continuing with this purchase, and helping to navigate the upcoming weeks and months, and beyond."
Longridge, which declared it is committed to preserving the stature of the DPGA as one of the best providers of excellent dual-course golf experiences in North America, also elaborated on their vision for the future, with a plan to offer members access to the properties for more than just golf. "We love getting outdoors with our families, and we know our members do too. Which is why we are committed to investing in the facilities over the long term to create spaces for our members to enjoy," Crawford added.
Other upcoming changes Longridge has hinted at include offering memberships that appeal to entire families, considering reduced annual dues for spouses, and allowing entire families access to the club through a single membership.
In light of the uncertainty in today's world, Longridge has already proactively extended the deadline for membership dues, and confirmed they are committed to applying a credit into next year's membership dues once the length of course closure is confirmed. They are committed to safely making every preparation and taking every precaution in accordance with the government guidelines for COVID-19 with the goal of providing DPGA members a golf experience this year. In his letter to members, Crawford stated, "We know that the club will be an important place for our members and their friends and family to gather, exercise and get back outdoors. We can't wait for that."
Longridge is an investment and property management company with offices in Toronto and Caledon.
The DPGA, a private club, operates two of Canada's top-ranked golf courses, the Devil's Pulpit, which opened for play in 1990, and the Devil's Paintbrush, which opened in 1992.
About Longridge Partners Inc.
Longridge Partners Inc. is a real estate investment company founded in Toronto, with the majority of their managed land portfolio residing in the Greater Toronto Area.
Longridge provides management services on behalf of institutional and high net worth investors with their expertise lying in identifying properties suitable for investment with their partners, deal structuring, and managing the carrying responsibilities and property management services on behalf of their investors.
Founded by John Clark and Mackenzie Crawford, Longridge has a vision to protect naturally significant features through sustainable development.
SOURCE Longridge Partners Inc.
Mackenzie Crawford, President & COO, Longridge Partners Inc., [email protected]
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