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Drive Shack Inc. Closes $34.5 Million Sale of Its Rancho San Joaquin, CA Golf Property

DS

NEW YORK--(BUSINESS WIRE)--Drive Shack Inc. (NYSE: DS), a leading owner and operator of golf-related leisure and entertainment businesses, announced the sale of its Rancho San Joaquin golf course, located in Irvine, California, to a private investment group. American Golf, a subsidiary of Drive Shack Inc., will continue to operate the facility under a management agreement.