Well, the thought of golf in North Idaho may not occur to the avid golf enthusiast, but lovers of the links are finding out why so many are making the Idaho Panhandle a golfing destination. Most recently, Jack Nicklaus bought award-winning Hidden Lakes in Sandpoint, designing the course himself. Apparently, though Jack Nicklaus companies owns many golf courses, he only has designed a handful personally. So, this course should be something really special. Rumors abound that Arnold Palmer has been looking for a spot to build another of his challenging courses in the same area. Coeur d'Alene has another world-famous, award-winning golf course at CdA Resort, with perhaps one of the most recognizable greens in the world with their floating green.

But golf alone is not the only thing to attract putters from around the globe. Sure, golfers want great fairways, but the area has so much more that it becomes the destination of choice for individuals and families alike. When not teeing off, the golf-oriented can go boating or fishing on any one of our many mountain lakes. These are not tiny lakes either. Lake Pend Oreille is the 2nd largest in the west with 111 miles of shoreline, and Lake Coeur d'Alene, Hayden Lake, and Lake Cocolalla are no small matters either. Great hunting, hiking, biking, and swimming are also around in great abundance. You can parasail, water ski, jet ski, or white water within minutes of virtually every hole.

For family fun there is also great art colonies with galleries galore, and the restaurants are known for every kind of cuisine. There is Silverwood Theme Park, water parks, and museums. We are one of the nation's greatest rail watching areas, and if all of this isn't enough, during parts of the season, you can even go snow skiing at many, many ski resorts.

So, golf ain't bad, and it's getting better. But throw in the rest of it, and you have a golf vacation and place to live that is truly spectacular.
 

Guggenheim Nicklaus Partners Purchases Premier Real Estate Offering at The Idaho Club

NEW YORK, October 18, 2006 — Globally recognized Guggenheim Nicklaus Partners, LLC today  announced the purchase of 35 single-family homesites at The Idaho Club, representing a market value of more than $20 million. The purchase marks the firm’s significant capital support for this premier lakefront community.

“We felt like this was a particularly unique piece of property. Not only does it offer three- to four-season usage for buyers, but it has the added benefit of a very broad amenity offering,” said Gary Nicklaus, co-chairman of Guggenheim Nicklaus Partners. “We understand the appeal from the buyer’s perspective and we have a high degree of confidence in all aspects of the community’s development—from the developer and the location of the property to the sales and marketing team working on this project.”

“It lends a tremendous amount of credibility to our community and to our project, not only to have Guggenheim Nicklaus Partners backing our development but to have their confidence and their support of our vision,” said Chuck Reeves, owner and developer of The Idaho Club. “It is a great validation of what we are doing.”

Guggenheim Nicklaus Partners is a joint venture of Guggenheim Partners, LLC—a global diversified  financial services firm—and Nicklaus Investments, the real estate investment firm founded and owned by legendary golfer Jack Nicklaus and his family. The marriage of high-end real estate and Nicklaus Design golf  courses provides a quality and distinction unique in the world of golf course communities. Nicklaus Design has more than 50 courses under construction and 308 courses open for play in 29 countries and 38 states.

About Guggenheim Nicklaus Partners

Guggenheim Nicklaus Partners, LLC (GNP) finances and invests in high-quality residential real estate and golf-resort communities around the world that feature Nicklaus Design courses as their centerpiece.  Nicklaus Investments, along with Jack Nicklaus and his team of industry professionals at Nicklaus Design, bring decades of experience in the golf industry to GNP. Guggenheim Partners, with more than $110 billion of assets under supervision, brings to GNP a wealth of experience in finance and real estate development. For additional information, visit www.guggenheimnicklaus.com.

About The Idaho Club

The Idaho Club is seated on the shores of Lake Pend Oreille, located just minutes from the quaint, northwest town of Sandpoint, recently rated one of the “Top 10 Small Towns in the Western U.S.” by Sunset magazine. In addition to its Jack Nicklaus Signature Golf Course, The Idaho Club features custom homes and mountain cabins, all of which showcase unique views and stunning seclusion alongside easy access to an array of mountain-resort amenity offerings. Other community amenities will include a full-service Club spa, wellness and fitness programs, Kids Camp activities, private marina, tennis and sports courts, resort-style pool and float plane available for member transportation. For additional information, visit

www.theidahoclub.com.

PRESS CONTACTS:

Jeffrey Kelley
Guggenheim Partners, LLC
312.827.0154
Jeffrey.Kelley@guggenheimpartners.com

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