The management company has been a longtime partner to the Southport, N.C. community, managing its 81 holes of golf and four distinct club facilities for the past 12 years. The ownership transition is scheduled to take effect February 1.

Golf courses have accounted for some of the more contentious cases over the tax breaks, which allow people to claim a charitable deduction for giving away the right to develop land. Last month, the Internal Revenue Service won a challenge to a claim by two St. James Plantation golf courses in Southport, N.C., to receive nearly $8 million in tax breaks, with the judge noting that “patches of native vegetation and wildlife don’t justify seven-figure tax breaks.”