The posh golf community of Reynolds Plantation in Greensboro, Georgia is being bought by MetLife.
The Atlanta Journal-Constitution reported that the agreement includes six golf courses, four marinas, nearly 5,000 acres of undeveloped land and the Ritz-Carlton Lodge at Lake Oconee. The community is about 80 miles east of downtown Atlanta.
MetLife said Birmingham, Ala.-based Daniel Corp. will oversee Reynolds Plantation.
In February 2011, the in-debt Reynolds Plantation developer offered to sell the members the community’s public areas for $45 million. The members declined and a bank-appointed receiver was hired last year to operate the clubs.
Was this article valuable?
Here are more articles you may enjoy.
Four Patients Affected, One Paralyzed, After Drug Mix-Up at Nashville Hospital 
OpenAI Report Says Its Network Was Hacked by Its Own Rogue AI Agents 
World Inches Toward Catastrophic Climate Events: ‘Bigger Shocks Are On the Way’ 
Judge Approves $117.5 Million Settlement in ‘Complex’ Comcast Data Breach Case From This Issue
