| Page | (sequential) | | | | (alphabetic) | Top |
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- Alternative Formats (RTF, XML, et al.)
- Accounts receivable
- Acquisition of Interests in Certain of the Golf Courses
- Acquisitions
- Acquisitions and Expansions
- Additional Information
- Adverse Effect of Increase in Market Interest Rates
- Adverse Effect of Shares Available for Future Issuance and Sale on Market Price of Common Stock
- Advisory Association
- Amendments to the Charter and Bylaws
- Annual Distribution Requirements
- Anti-takeover Effect of Certain Provisions of Maryland Law and the Company's Charter and Bylaws
- Asset Tests
- Assignment and Subletting
- Audit Committee
- Backup Withholding
- Balance Sheets
- BDO Seidman, LLP
- Benefits to Officers and Directors
- Business Strategies and Objectives
- Capital Contribution
- Capitalization
- Capital Stock
- Cash flows from financing activities
- Cash flows from investing activities
- Certain Golf Courses with Limited Operating History
- Certain Provisions of Maryland Law and of the Company's Charter and Bylaws
- Certain Relationships and Transactions
- Changes in Investment and Financing Policies
- Changes in the Company's Certifying Public Accountant
- Charter and Bylaw Provisions
- Club of the Country
- Combined Statements of Cash Flows
- Committees of the Board of Directors
- Common Stock
- Company, The
- Compensation Committee
- Compensation of Directors
- Competition
- Competition for Management Time of the Operators
- Conflict of Interest Policies
- Conflicts of Interest
- Consolidated Balance Sheets
- Construction-in-progress
- Control Share Acquisitions
- Coopers & Lybrand L.L.P
- Corporate Governance
- Covenants Not to Compete
- Crowe, Chizek and Company LLP
- Daily Fee
- Deferred Compensation Plan
- Demographics
- Dependence on Acquisitions to Increase Cash Available for Distribution
- Dependence on Payments Under the Participating Leases and the Participating Mortgage; Difficulty of Finding Replacement Operators
- Dependence Upon Key Personnel
- Descriptions of the Golf Courses
- Developments Since the Initial Public Offering
- Directors and Executive Officers
- Directors and Officers Insurance
- Directors' Plan
- Dispositions
- Distribution Policy
- Distribution to Stockholders
- Duration of Lease; No Right to Terminate Participating Leases on a Sale
- Employees
- Employment Agreements
- ERISA Risks
- Executive Compensation
- Expansions
- Experts
- Failure to Qualify
- Federal Income Tax Considerations
- Financial Statements
- Financing
- Fixed Interest Rate Escalation
- Formation and Structure
- Formation Transactions, The
- General
- Glossary
- Golf Courses, The
- Golf Industry Risks
- Golf Industry, The
- Golf Legends
- Government Regulation
- Heritage Golf Club
- High-End Daily Fee Courses
- Illiquidity of Real Estate
- Important Factors Related to Forward-Looking Statements and Associated Risks
- Income Tests
- Indemnification
- Inflation
- Interested Director Transactions
- Internal Growth
- Investment Objectives and Policies
- Lack of Control Over Day-to-Day Operations and Management of the Golf Courses
- Leases
- Legal Matters
- Legal Proceedings
- Legends Golf
- Legends Golf Pro Forma Condensed Combined Statements of Operations
- Legends Group Prior Owners, The
- Legends Group, The
- Lessee Performance Option
- Lessees and Operators
- Lessee's Right of First Offer
- Limitation of Liability of Directors; Indemnification Agreements
- Limitations on Changes in Control
- Limited Operating History
- Limits on Changes in Control
- Line of Credit
- Liquidity and Capital Resources of the Company
- Maintenance and Modifications
- Management
- Management's Discussion and Analysis of Financial Condition and Results of Operations
- Maryland Business Combination Law
- Need for Certain Consents from the Limited Partners
- New Incentive Plan
- Northgate Country Club
- Notes to Combined Financial Statements
- Notes to Consolidated Financial Statements
- Notes to Financial Statements
- Offering, The
- Operating Partnership
- Option to Purchase and Right of First Refusal
- Original Incentive Plan
- Other
- Other assets
- Other Policies
- Overview
- Ownership Limit
- Participating Leases
- Participating Mortgage
- Participating Mortgage, The
- Partnership Agreement
- Partnership Anti-Abuse Rule
- Period from February 12 to June 30, 1997
- Pledge
- Policies and Objectives with Respect to Certain Activities
- Preferred Stock
- Price Range of Common Stock and Distribution History
- Private Club Courses
- Pro Forma Liquidity and Capital Resources of the Company
- Prospectus Summary
- Purchase Option
- Real Estate Investment Risks
- Real Estate Investment Trust and Partnership Qualification
- Recent Accounting Pronouncements
- Reciprocal Right of First Offer
- Redemption Rights
- Registration Rights
- Relationships Among Officers and Directors
- Repayment of Indebtedness
- Requirements for Qualification
- Resort Courses
- Restrictions on Ownership
- Revenue Per Player
- Risk Factors
- Risks of Leverage; No Limitations on Indebtedness
- Risks Related to the Company's Growth Strategy
- Risks Relating to Construction Financing
- Schedule III
- Schedule IV
- Seasonality
- Security Deposit
- Security Ownership of Certain Beneficial Owners and Management
- Selected Financial Information
- Shares Available for Future Sale
- State and Local Taxes
- Statements of Cash Flows
- Statements of Changes in Partners' Capital
- Statements of Income
- Statements of Income and Retained Earnings
- Statements of Income (Loss)
- Statements of Operations
- Statements of Operations and Members' Accumulated Deficit
- Statements of Stockholders' Investment
- Stock-Based Compensation Plans
- Stock Incentive Plans
- Subsequent Acquisitions
- Summary Financial Data
- Summary of Significant Accounting Policies
- Tax Allocations with Respect to the Golf Courses
- Tax Aspects of the Operating Partnership
- Taxation of Foreign Stockholders
- Taxation of Taxable Domestic Stockholders
- Taxation of Tax-Exempt Stockholders
- Taxation of the Company
- Tax Matters
- Tax Status
- Term
- The Company
- The Formation Transactions
- The Golf Courses
- The Golf Industry
- The Legends Group
- The Legends Group Prior Owners
- The Offering
- The Participating Mortgage
- Total
- Transferability of OP Units
- Transfer Agent and Registrar
- Transfer Documents
- Underwriting
- Uninsured Losses
- Use of Adjustments and Projections in Establishing Lease Payments and Participating Mortgage Payments
- Use of Proceeds
- Westin Guaranty
- Woodlands
- Working Capital Reserves
|
| 1 | 1st Page
|
| " | Common Stock
|
| " | Underwriting
|
| 4 | Prospectus Summary
|
| " | The Company
|
| 5 | Developments Since the Initial Public Offering
|
| " | Club of the Country
|
| 6 | Line of Credit
|
| 7 | Risk Factors
|
| 9 | The Golf Industry
|
| 10 | Demographics
|
| 11 | The Golf Courses
|
| 12 | Revenue Per Player
|
| " | Subsequent Acquisitions
|
| 14 | Business Strategies and Objectives
|
| " | Acquisitions and Expansions
|
| " | Acquisitions
|
| 15 | Expansions
|
| 16 | Internal Growth
|
| " | Participating Leases
|
| " | Participating Mortgage
|
| " | Lessee Performance Option
|
| 17 | Formation and Structure
|
| 18 | Operating Partnership
|
| 19 | Distribution Policy
|
| " | Tax Status
|
| " | The Offering
|
| 20 | Summary Financial Data
|
| 22 | The Legends Group
|
| 25 | Use of Adjustments and Projections in Establishing Lease Payments and Participating Mortgage Payments
|
| " | Dependence on Payments Under the Participating Leases and the Participating Mortgage; Difficulty of Finding Replacement Operators
|
| 26 | Duration of Lease; No Right to Terminate Participating Leases on a Sale
|
| " | Need for Certain Consents from the Limited Partners
|
| " | Lack of Control Over Day-to-Day Operations and Management of the Golf Courses
|
| " | The Participating Mortgage
|
| 27 | Golf Industry Risks
|
| " | Seasonality
|
| 28 | Dependence Upon Key Personnel
|
| " | Real Estate Investment Trust and Partnership Qualification
|
| 29 | Risks Relating to Construction Financing
|
| " | Certain Golf Courses with Limited Operating History
|
| " | Limited Operating History
|
| " | Adverse Effect of Shares Available for Future Issuance and Sale on Market Price of Common Stock
|
| 30 | Risks Related to the Company's Growth Strategy
|
| 31 | Risks of Leverage; No Limitations on Indebtedness
|
| " | Limits on Changes in Control
|
| " | Adverse Effect of Increase in Market Interest Rates
|
| " | Real Estate Investment Risks
|
| " | General
|
| 32 | Illiquidity of Real Estate
|
| " | Uninsured Losses
|
| 33 | Conflicts of Interest
|
| " | Competition for Management Time of the Operators
|
| " | Changes in Investment and Financing Policies
|
| " | Dependence on Acquisitions to Increase Cash Available for Distribution
|
| 34 | Distribution to Stockholders
|
| " | ERISA Risks
|
| 35 | Ownership Limit
|
| " | Anti-takeover Effect of Certain Provisions of Maryland Law and the Company's Charter and Bylaws
|
| " | Preferred Stock
|
| 43 | Use of Proceeds
|
| " | Price Range of Common Stock and Distribution History
|
| 44 | Capitalization
|
| 45 | Selected Financial Information
|
| 47 | Legends Golf
|
| 50 | Management's Discussion and Analysis of Financial Condition and Results of Operations
|
| " | Overview
|
| 52 | Liquidity and Capital Resources of the Company
|
| 53 | Pro Forma Liquidity and Capital Resources of the Company
|
| 54 | The Legends Group Prior Owners
|
| 56 | Inflation
|
| " | Recent Accounting Pronouncements
|
| 57 | Changes in the Company's Certifying Public Accountant
|
| " | Important Factors Related to Forward-Looking Statements and Associated Risks
|
| 59 | Daily Fee
|
| 63 | Descriptions of the Golf Courses
|
| " | Resort Courses
|
| 65 | High-End Daily Fee Courses
|
| 66 | Private Club Courses
|
| 70 | Security Deposit
|
| 71 | Advisory Association
|
| " | Maintenance and Modifications
|
| 72 | Assignment and Subletting
|
| " | Lessee's Right of First Offer
|
| 76 | Purchase Option
|
| " | Fixed Interest Rate Escalation
|
| 77 | Westin Guaranty
|
| " | Reciprocal Right of First Offer
|
| " | Competition
|
| " | Employees
|
| 78 | Legal Proceedings
|
| " | Government Regulation
|
| 79 | Management
|
| " | Directors and Executive Officers
|
| 80 | Committees of the Board of Directors
|
| " | Audit Committee
|
| 81 | Compensation Committee
|
| " | Compensation of Directors
|
| " | Directors and Officers Insurance
|
| " | Indemnification
|
| 82 | Executive Compensation
|
| 83 | Stock-Based Compensation Plans
|
| " | Directors' Plan
|
| 84 | Stock Incentive Plans
|
| " | New Incentive Plan
|
| " | Original Incentive Plan
|
| 85 | Deferred Compensation Plan
|
| " | Employment Agreements
|
| 86 | Covenants Not to Compete
|
| 87 | Lessees and Operators
|
| " | Woodlands
|
| 88 | Northgate Country Club
|
| 89 | Policies and Objectives with Respect to Certain Activities
|
| " | Investment Objectives and Policies
|
| " | Dispositions
|
| " | Financing
|
| 90 | Working Capital Reserves
|
| " | Conflict of Interest Policies
|
| " | Charter and Bylaw Provisions
|
| 91 | Other Policies
|
| " | The Formation Transactions
|
| 93 | Benefits to Officers and Directors
|
| 94 | Transfer Documents
|
| 95 | Certain Relationships and Transactions
|
| " | Relationships Among Officers and Directors
|
| " | Acquisition of Interests in Certain of the Golf Courses
|
| " | Repayment of Indebtedness
|
| " | Option to Purchase and Right of First Refusal
|
| 96 | Partnership Agreement
|
| " | Transferability of OP Units
|
| " | Pledge
|
| 97 | Redemption Rights
|
| " | Capital Contribution
|
| 98 | Term
|
| " | Tax Matters
|
| " | Security Ownership of Certain Beneficial Owners and Management
|
| 99 | Capital Stock
|
| 100 | Corporate Governance
|
| " | Restrictions on Ownership
|
| 102 | Limitations on Changes in Control
|
| " | Transfer Agent and Registrar
|
| 103 | Certain Provisions of Maryland Law and of the Company's Charter and Bylaws
|
| " | Maryland Business Combination Law
|
| " | Limitation of Liability of Directors; Indemnification Agreements
|
| 104 | Control Share Acquisitions
|
| 105 | Interested Director Transactions
|
| " | Amendments to the Charter and Bylaws
|
| 106 | Shares Available for Future Sale
|
| " | Registration Rights
|
| 107 | Federal Income Tax Considerations
|
| " | Taxation of the Company
|
| 108 | Requirements for Qualification
|
| 109 | Income Tests
|
| 113 | Asset Tests
|
| " | Annual Distribution Requirements
|
| 114 | Partnership Anti-Abuse Rule
|
| 115 | Failure to Qualify
|
| " | Taxation of Taxable Domestic Stockholders
|
| 116 | Backup Withholding
|
| " | Taxation of Tax-Exempt Stockholders
|
| 117 | Taxation of Foreign Stockholders
|
| 118 | State and Local Taxes
|
| " | Tax Aspects of the Operating Partnership
|
| 120 | Tax Allocations with Respect to the Golf Courses
|
| 123 | Experts
|
| 124 | Legal Matters
|
| " | Additional Information
|
| 125 | Glossary
|
| 139 | BDO Seidman, LLP
|
| 140 | Consolidated Balance Sheets
|
| 141 | Period from February 12 to June 30, 1997
|
| 147 | Other
|
| 153 | Legends Golf Pro Forma Condensed Combined Statements of Operations
|
| 154 | Golf Legends
|
| 155 | Heritage Golf Club
|
| 165 | Notes to Combined Financial Statements
|
| 170 | Leases
|
| 176 | Combined Statements of Cash Flows
|
| " | Cash flows from investing activities
|
| " | Cash flows from financing activities
|
| 177 | Summary of Significant Accounting Policies
|
| 186 | Balance Sheets
|
| 187 | Statements of Income and Retained Earnings
|
| 188 | Statements of Cash Flows
|
| 191 | Notes to Financial Statements
|
| 209 | Statements of Operations and Members' Accumulated Deficit
|
| 211 | Construction-in-progress
|
| 222 | Notes to Consolidated Financial Statements
|
| 226 | Coopers & Lybrand L.L.P
|
| 234 | Crowe, Chizek and Company LLP
|
| 236 | Statements of Income (Loss)
|
| 237 | Statements of Changes in Partners' Capital
|
| 243 | Other assets
|
| 244 | Statements of Operations
|
| 252 | Statements of Income
|
| 254 | Statements of Stockholders' Investment
|
| " | Total
|
| 257 | Financial Statements
|
| 259 | Accounts receivable
|
| 266 | Schedule III
|
| 267 | Schedule IV
|