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It's official, Tobiano Resort has a new owner.
Diverse Properties Ltd announced today that they became 100% owner of Kamlands Holding Ltd, which was the holding company of several Tobiano utility, residential, and commercial developments.
According to a press release, the purchase won't see the golf course change hands. Former owner Mike Ternier explained that it was hard giving up the properties, but he knew it was going to be left in the right hands.
"It has been a long and exciting journey for me at Tobiano," said Ternier. "I have worked with the Diverse Group as my 50% partner for the past couple of years, and have been extremely impressed with their professionalism, and ability to take action. I'm excited to see them take Tobiano to the next level."
Based out of Abbotsford, Diverse is a company that works to purchase, construct, and sell a variety of real estate assets. President Ron Funk gave his best to Ternier now that he won't be a part of the resort.
"Mike has been a great asset for us in sharing his knowledge of Tobiano," said Funk. "As Mke is heading into a new chapter of his business career as owner of the Tobiano Golf Course and other business ventures, we wish him the very best."