Reynolds Development & Management Group

For Immediate Release

SELAF Acquires Remaining Interests in Blue Ridge Mountain Club

 For Immediate Release 

 

SELAF Acquires Remaining Interests in Blue Ridge Mountain Club

 

Atlanta, GA (September 4, 2012) – Southeast LandCo Acquisition Fund (SELAF), a fund sponsored by Reynolds Capital Group, today announced the acquisition of Lubert-Adler’s remaining interests in Blue Ridge Mountain Club.  SELAF now owns 100 percent of Blue Ridge Mountain Club, a debt-free private mountain community located in Blowing Rock, NC.  SELAF and Lubert-Adler were joint owners of the community since 2008.  

“Lubert-Adler has been a great partner and helped start what is now Blue Ridge Mountain Club,” said Scott Denbow, Managing Director of Reynolds Capital Group.  “This acquisition demonstrates our continued commitment to this exceptional community. We look forward to the future as we strive to transform Blue Ridge Mountain Club into the premier private club community in the High Country.” 

“There are so many exciting things happening at Blue Ridge Mountain Club,” said Jim Pitts, General Manager of Blue Ridge Mountain Club. “The established sense of community and ongoing home construction is evidence of the enthusiasm our members and the marketplace have for this special place.  This, combined with our strong financial footing, reinforces the security for our owners.   Knowing that the community will continue to thrive and move forward enables us to turn our focus to the future and grow this wonderful place situated right in the heart of the High Country.” 

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About Blue Ridge Mountain Club

Blue Ridge Mountain Club (BRMC) is a 6,200-acre, debt-free private mountain community situated in one of the most central, scenic, and convenient locations in the High Country. Just off the Blue Ridge Parkway, the community is equidistant to the small, cultural town of Blowing Rock and the large, college town of Boone, in western North Carolina. With completed infrastructure in place, BRMC features unparalleled views, abundant natural amenities, and a variety of real estate opportunities ranging from homesites to cottages and estate homes. 

 

 

Contact:
Jamie Reynolds
jreynolds@reynoldsdevelopmentgroup.com
3455 Peachtree Road,
Suite 780,
Atlanta GA 30326
Ph: (404)260-7728

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