Drive shack inc. closes $34.5 million sale of its rancho san joaquin, ca golf property

New york--(business wire)--drive shack inc. (nyse: ds), a leading owner and operator of golf-related leisure and entertainment businesses, announced the sale of its rancho san joaquin golf course, located in irvine, california, to a private investment group. american golf, a subsidiary of drive shack inc., will continue to operate the facility under a management agreement. at closing, the company received net proceeds of approximately $33.6 million in cash, which included the purchase price of
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