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The IRI Golf Group Announces Recapitalization Of Eight Properties

I.R.I. Golf Group Chairman, Jeff Silverstein, announced today the restructure and recapitalization of eight properties. The properties include seven in North and South Carolina and one in Texas. The North and South Carolina properties include: Birkdale Golf Club, Charlotte Golf Links, Divide Golf Club, Highland Creek Golf Club, Skybrook Golf Club, Tradition Golf Club and Waterford Golf Club. The Golf Club at Twin Creeks in Allen, Texas, a suburb of Dallas, was also included in the recapitalization.

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