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Quadrant Homes Announces Sale of TPC at Snoqualmie Ridge

  • BrightStar becomes owner of the Jack Nicklaus designed golf course

BELLEVUE, Wash. – March 31, 2008

Quadrant Homes, Washington State’s largest homebuilder, announced today the sale of the Tournament Players Course (TPC) at Snoqualmie Ridge to BrightStar Golf Group. Based in Carlsbad, California, BrightStar is a golf management firm which owns and operates golf properties in selective markets throughout the United States.

A private club, TPC at Snoqualmie Ridge is the only Jack Nicklaus designed signature club in the Northwest. The 222-acre property is located in the Snoqualmie Ridge master-planned community in Snoqualmie, Washington. The "Tournament Players Course" designation reflects a licensing arrangement with the PGA Tour. It means the Snoqualmie Ridge course has been designed and constructed to accommodate the professional golf circuit and major tour events. Opened in 1999, the course has been home to the annual Boeing Classic PGA Champions Tour tournament.

BrightStar Golf’s acquisition of TPC at Snoqualmie Ridge marks the first Pacific Northwest addition to the company’s property portfolio.

“The entire BrightStar team is very excited to bring our expertise in owning and operating world-class quality clubs to TPC at Snoqualmie Ridge,” said BrightStar founder and CEO Bill Keogh. “We look forward to working closely with the Club membership to make the transition and long-term experience seamless and rewarding. We have an exciting vision for the Club and are thrilled to be coming to the Northwest.”

The TPC at Snoqualmie Ridge has been owned since its development by Quadrant Homes, a subsidiary of Weyerhaeuser Company.

“BrightStar Golf Group will be an outstanding steward of TPC at Snoqualmie Ridge and a wonderful addition to the area,” said Peter M. Orser, president of Quadrant Homes. “We are confident that BrightStar is an excellent fit for the Club and membership will be very pleased with the new owner – operator of this outstanding property.”

About Quadrant Homes

Quadrant Homes, a subsidiary of Weyerhaeuser Real Estate Company, is Washington State’s largest single-family homebuilder. The company is a former “Builder of the Year” by the Master Builders Association of King and Snohomish Counties, Puget Sound Business Journal’s “Best Workplace” list and a “Best Place to Work” award by Washington CEO magazine. Quadrant’s environmental leadership has been recognized with honors such as the Built GreenTM Large Builder award, the Built GreenTM Foundation award and the Association of Washington Businesses’ Environmental Award. Now in its 39th year, Quadrant Homes is currently building in Pierce, King, Snohomish, Kitsap, Skagit, Clark and Thurston Counties. For more information, visit Quadrant’s Web site at quadranthomes.com.

About BrightStar Golf Group

BrightStar Golf Group was founded in 2003 to build a collection of fine golf properties in selective markets throughout the United States. The BrightStar Golf Group team has proven their dedication to meeting and exceeding the desires and expectations of a golf club’s members and guests. They actively seek opportunities to use their capital, experience and dedication to acquire and improve unique golf and country clubs. They are committed to creating a customer and employee experience that has at its core, a deep sense of pride and privilege in the golf course, the club facilities and in the service that is provided.

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