Last Update :3/7/2012

Escalante Golf, Inc. Selected to Manage Cornerstone Golf Club

FOR IMMEDIATE RELEASE                                      CONTACT:      David Matheson
March 1, 2012                                                                                   407-739-8729
Escalante Golf, Inc. Selected to Manage Cornerstone Golf Club
Fort Worth, Texas – Escalante Golf, Inc. – owner and operator of luxury golf properties – has been selected by The Colbalt Companies to manage operations of the Cornerstone Club in southwestern Colorado. 
“We are extremely pleased to add a club with the prestige and reputation of Cornerstone to our portfolio,” said David McDonald, president of Escalante Golf, Inc. “Escalante currently owns and manages 16 properties across the country including four in Colorado. Cornerstone Club is widely known as one of the most exclusive in the country and we are proud to work with The Cobalt Companies on this impressive development.”
The centerpiece of the Cornerstone Club, a 6,000-acre private residential community located less than an hour from Telluride, Colo., is the Greg Norman-designed championship golf course that boasts numerous awards and accolades including Travel + Leisure’s Top 25 Golf Communities in 2009 and Golf Digest’s Best New Private Courses (No. 4) in 2009. The course plays to nearly 8,000 yards from the back tees and offers stunning views of the San Juan and West Elk mountains. 
“Escalante Golf will bring a high degree of professionalism and business acumen to our team,” said Jon Roberts, director of Cobalt Companies. “Their 20-year track record and passion for excellence made them an ideal partner for our vision of the Cornerstone Club. We anticipate that the 2012 golf season will be extraordinarily successful.”
About The Cobalt Companies
Cobalt Companies is a seasoned team of professionals with backgrounds in complex real estate debt transactions, real estate development, construction, sales, title & escrow, finance, law and banking.
Cobalt Companies is a private equity fund which purchases assets for the purpose of capitalizing on unique investment opportunities. The company has acquired hundreds of millions of dollars’ worth of individual loans, loan portfolios and REO assets.
About Escalante Golf
Established in 1991, Escalante Golf is a boutique owner and operator of luxury golf properties nationwide, including California, Colorado, Florida, Ohio, North Carolina and New Mexico. Operating partners David McDonald, Elcio Silva, Robert Silva and David Matheson direct the Escalante team with offices in Fort Worth, Texas.

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