Jacksonville, FL-based Arendale Holdings announced today that it has closed the transaction to acquire the shareholder interests of SunTx Urbana and The Carlile Group led by Steve and Penny Carlile to become the sole owner and manager of The Cliffs Communities.
With the acquisition, Arendale and its affiliates will control and manage all real estate development and sales functions, as well as club operations for The Cliffs Communities at Mountain Park, Valley, Keowee Springs, Keowee Falls, Keowee Vineyards, Walnut Cove, High Carolina and The Cliffs at Glassy which has been featured on the GCH Network for the past eight years.
A Vibrant Future
Arendale Vice President Robert Wright noted in the announcement that 70 new homes are now under construction at Cliffs Communities and the Gary Player Championship Golf Course at Mountain Park is now completed. Wright said that with such advances that his company believes “The Cliffs is poised for a vibrant future for its residents, club members and employees.ā Send me more information about The Cliffs at Glassy.
Arendale Holdings is a premier diversified real estate investment and development company that invests in real estate and hospitality assets throughout the United States. In its 40-year history, Arendale has developed residential, commercial, resort, and golf course projects. The company provides investment and management support to more than 35 real estate partnerships and club operations in six states. Send me more information about The Cliffs at Glassy.
