Golf course redevelopment, also known as golf course conversion is a real estate niche, in which investors purchase failing golf courses. Investors then subdivide the golf course into individual plots of lands. They then resell the plots of land for builders, or build on the plots then resell it to residential home buyers. This process is usually done with the assistance of a real estate broker.
The main challenge of this niche is the difficulties that investors face in requesting a variance from cities.
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Golf course redevelopment Wikipedia(Text) CC BY-SA