Darla Moore, the toughest BABE in the business,,,,well dig deep into who she is married to and just follow the money. Keep in mind, Richard Rainwater was one of the 'Founding DIRECTORS' of the health care system in this country as we know it. You know, the FRIST famil and good ol boys......HCA!!!
In August, Morgan Stanley Real Estate bought Crescent Real Estate Equities Co. for $6.5 billion.
(PLEASE!!!)
6.5 BIllion dollars ......hmmm. Wonder how much of that really is stolen from our health care system?
Posted on Wed, Jan. 09, 2008reprint or license print email Digg it del.icio.us AIM
Group of investors buys Mira Vista Golf Club
By SANDRA BAKER
Star-Telegram Staff Writer
FORT WORTH -- The exclusive Mira Vista Golf Club in southwest Fort Worth has been sold to a group of five investors with longtime ties to its former owner, including one who has been involved in the club's management since it opened more than 20 years ago.
The move prompted complaints from some residents of the surrounding golfing-community development that they were not given a chance to make the club a member-owned operation.
The five investors bought the 700-member club, located south of Interstate 20 and west of Bryant Irvin Road, under the names MV Club Llc. and Mira Vista Ventures from Crescent Real Estate Equities Limited Partnership, the Fort Worth-based affiliate of Morgan Stanley. In August, Morgan Stanley Real Estate bought Crescent Real Estate Equities Co. for $6.5 billion.
Marie Ali, a vice president at Morgan Stanley's headquarters in New York, declined to comment on the golf-club deal, which closed in late December.
The investors are Tom Nezworski, the club's senior vice president who has been with Mira Vista for 15 years; Lindy Ray Miller, who was there at the start of the club and who serves as director of golfing operations; and Bruce Picker, who oversees the club's day-to-day operations and served for about a decade as Crescent's treasurer and chief investment officer.
Also included are James Bartlett of Paradise Valley, Ariz., and Nick Hackstock of Englewood, Colo., both former real estate consultants to Richard Rainwater, who acquired Mira Vista from the Resolution Trust Corp. in 1992.
Nezworski said Morgan Stanley approached the group last fall about selling the golf club, and they put it under contract in October.
He acknowledged that there were some members who were disappointed that they weren't given the opportunity to buy the club to make it a member-owned organization.
"They wanted to find someone to close it quickly," Nezworski said. "We bought it without any reservation."
Morgan Stanley bought Crescent Real Estate Equities Co. for its office portfolio. Most of Crescent's luxury resorts and business-class hotels were sold to Chicago-based Walton Street Capital. Mira Vista was not included in that deal.
Mira Vista opened in 1987 on 570 acres, with the golf course and its facilities taking in about 180 acres. It was a joint development of Jerry Thomas and Metropolitan Savings & Loan Association of Dallas. The development was taken over by the RTC in 1990 when Metropolitan Savings & Loan failed.
Two years after buying it, Rainwater used the development in the founding of Crescent.
In 2004, the last 15 resi- dential lots in the development were sold. With more than 500 houses built, Mira Vista will have 700 when completed.
Nezworski said the transition to the new ownership has been "seamless and transparent" and that there have been no changes to membership benefits or the staff of 95 employees.
SANDRA BAKER, 817-390-7727
sabaker@star-telegram.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment