Difference between revisions of "Trump National Golf Club Charlotte"

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Revision as of 16:10, 10 April 2017

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FAST FACTS Underlying Assets: Golf Club Location: Charlotte, North Carolina Purchase Date: April, 2012 Purchase Price: $3 million Reported Value: $5 million to $25 million Reported Income: $14,125,381 Website: trumpnationalcharlotte.com OVERVIEW Trump acquired the former Point Lake Golf Club outside Charlotte for $3 million in April of 2012. Trump claimed that the course was worth between $5 million and $25 million in his 2016 financial disclosure . Since acquiring the property, Trump has lobbied local officials to lower its assessed value from $22.7 million to $9.6 million. OWNERSHIP STRUCTURE Trump National Golf Club - Charlotte:

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1% owned by TNGC Charlotte Manager Corp

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100% owned by Donald J. Trump

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99% owned by DJT Holdings LLC

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99% owned by The Donald J. Trump Revocable Trust

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1% owned by DJT Holdings Managing Member LLC

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100% owned by The Donald J. Trump Revocable Trust

The Donald J. Trump Revocable Trust is managed for the "exclusive benefit" of Donald Trump.