Unlike the Japanese and South Koreans before them, Chinese investors are buying at the bottom of the market. “We’re seeing a lot of tires getting kicked by the Chinese,” said one broker who specializes in golf and resort properties. “They only recently came forward and started buying. They do love golf, so it makes sense.”

Canada-based Pacific Links International has acquired the private, Henderson, Nev., property, which includes a 39,000-sq. ft. clubhouse, 2,600-sq. ft. golf instruction facility, and 15,000-sq. ft. fitness center. The property is the third in the Las Vegas market acquired by Pacific Links, joining SouthShore Golf Club and Southern Highlands Golf Club, which were purchased in 2011.