MetLife to Buy Georgia Golf Site

The posh golf community of Reynolds Plantation in Greensboro, Georgia is being bought by MetLife.

The Atlanta Journal-Constitution reported that the agreement includes six golf courses, four marinas, nearly 5,000 acres of undeveloped land and the Ritz-Carlton Lodge at Lake Oconee. The community is about 80 miles east of downtown Atlanta.

MetLife said Birmingham, Ala.-based Daniel Corp. will oversee Reynolds Plantation.

In February 2011, the in-debt Reynolds Plantation developer offered to sell the members the community’s public areas for $45 million. The members declined and a bank-appointed receiver was hired last year to operate the clubs.