Golf News for Monday, April 29, 2013 | Real Estate

Old Greenwood resort community partners with Residence Club at PGA WEST

TRUCKEE/NORTH TAHOE, Calif. -- Old Greenwood resort community in Truckee, Calif. announces a new partnership with The Residence Club at PGA WEST® in La Quinta, Calif. For a limited time Old Greenwood will include a one week stay at The Residence Club at PGA WEST with a qualified purchase of an Old Greenwood Fractional Cabin Residence. Since its inception in 2003, more than 1,100 families have chosen Old Greenwood's mountain charm and practical use plan as an ideal retreat for year-round recreation and resort activities.

Fractional Cabins located on the Jack Nicklaus Signature Golf Course have an open floor plan with a three-four bedroom option; the Townhomes located adjacent to the clubhouse and Pavilion at Old Greenwood, are home to two- and three- bedroom plans with a main room offering large windows and an intimate social gathering area. To learn more, visit Old Greenwood's new website at www.oldgreenwood.com.

Fractional ownership at Old Greenwood includes membership to Tahoe Mountain Club. Club amenities are comprised of The Pavilion at Old Greenwood, which is home to a state-of-the-art fitness center, two pools, children's water park, casual dining and day spa; members ski valet and casual dining facility at the Alpine Club in the village at Northstar, California, as well as a members only mid-mountain lodge and restaurant, Schaffer's Camp. With a deeded ownership, buyers enjoy the flexibility of an innovative use plan and access to all Tahoe Mountain Club amenities anytime while in residence.

The Old Greenwood PGA WEST partnership comes shortly after Northlight Financial LLC ("Northlight"), a manager of private equity debt investments and real estate assets, acquired from East West Partners real estate assets at Old Greenwood that included fractional ownership residences and parcels for future development. Northlight added Old Greenwood to its portfolio of several other fractional resort properties across the West, including Seven Canyons in Sedona, AZ; Snake River Sporting Club near Jackson, WY; and The Residence Club at PGA WEST® in La Quinta, CA; among others.

"We're thrilled to have this partnership and to be able to offer such an exclusive added value to buyers interested in Old Greenwood Fractional Residences," said Jeff Brown, managing broker, Tahoe Mountain Resorts Real Estate, the exclusive listing brokerage for Northlight at Old Greenwood. "A one-week long stay in a 3,365 square foot Villa residence in La Quinta with a thermal plunge pool, patio, bar-b-que and fire pit is an oasis waiting for families in need of tranquility."

The prestigious PGA WEST community is also known internationally as "The Western Home of Golf in America". Located in one of the nation's most desirable desert vacation areas, and close to the vibrant city of La Quinta, the Spanish Colonial style Villa, offered through the Old Greenwood PGA WEST partnership, boasts views of the Santa Rosa Mountains and charms guests with three - 12-hole private putting greens within walking distance to the home.

Old Greenwood, located east on Interstate 80 outside of downtown Truckee, is centrally located in the North Lake Tahoe area providing access to Northstar California, Squaw Valley and Alpine Meadows mountain resorts and only a fifteen minute drive to the North Shore of Lake Tahoe. Old Greenwood amenities include a Jack Nicklaus Signature Design 18-hole championship golf course, rated one of the "Top Ten Best New Courses" by Golf Magazine and The Pavilion, home to two outdoor swimming pools, a state-of-the-art fitness facility, day spa, a restaurant and bar, tennis courts and extensive trails. Tahoe Mountain Club owns and operates Old Greenwood's Jack Nicklaus Signature Golf Course and The Pavilion.

For more information about Old Greenwood Fractional Residences and this exclusive offer with The Residence Club at PGA WEST, call Tahoe Mountain Resorts Real Estate, serving as the exclusive listing brokerage for Northlight at Old Greenwood, at 800.217.7554.

Media Contact:
Margaret Skillicorn
Paragon PR
margaret@paragonpr.net or 530.550.7578