Cowan-Dewar Secures Financing to Help Fund Cabot Citrus Farms in Florida

Real Estate Investment Trust VICI Properties Inc., announced today that it has entered into a delayed draw term loan facility for up to $120 million and a Purchase and Sale Agreement with Cabot. Proceeds will be used to fund Cabot’s property-wide transformation of Cabot Citrus Farms (World Woods Golf Club) in Brooksville, FL., with the addition of a new clubhouse, luxury lodging, health and wellness facilities and a village center. 

Cabot Citrus Farms will be the first American property in Cabot’s collection of luxury golf and master-planned communities. It is expected to open in 2023.

 “Cabot’s mission is to set the stage for unforgettable experiences in extraordinary places,’’ said Ben Cowan-Dewar, co-founder/CEO of Cabot.  ”We are excited about our growth partnership with VICI, who share the same vision and values, centering on great people making great places that endure for generations.

“Cabot Citrus Farms is an incomparable opportunity to bring to Florida our approach to golf place- and experience-making. Our golf course and resort village design teams are building on all we’ve learned at Cabot Cape Breton, Cabot Saint Lucia and Cabot Revelstoke. We’re thrilled to partner with VICI at Cabot Citrus Farms and, over time, at other great destinations around the world.”

Photo Courtesy of Cabot Citrus Farms

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