UPCOMING MEETINGS

To attend any CIRC functions, please contact business manager Janet Sharpless Pippert at least two (2) business days prior to the event at: Phone (302) 633-1705, Fax (302) 633-1706, or E-mail janet@circdelaware.org.


2018 Schedule of Events

November 14, 2018 (Wednesday)

(SOLD OUT) Annual Joint Holilday Dinner

  • Time: 5:00 PM - 8:30 PM
  • Topic: Dupont Country Club - Acquisition, Renovation, Repositioning
  • Speakers:
    • Ben duPont : Chartline Capital Partners & Co-owner of Dupont Country Club
    • Rob Wirth : CEO of Rockland Sports
    • Don Wirth : Co-owner of Dupont County Club
  • Description:

    THANK YOU FOR YOUR INTEREST. THE EVENT IS SOLD OUT.

    Annual Joint Holiday Dinner is an event with other regional CRE organization members such as SIOR, CCIM, DREW, AI, and the Commercial Chapter of SWRA.

    Located this year at the Dupont Country Club, you are sure to enjoy our networking cocktail hour (5:00-6:20) with snacks and ONE FREE drink ticket on the Upper Terrace, followed by dinner in the main Crystal Ballroom (6:30-7:30) and a keynote speech by Ben duPont, with Don Wirth (Ben's co-owner of Dupont County Club) and Rob Wirth (CEO of Rockland Sports) who will jump in for Q&A. 

    Hear from Ben duPont about their acquisition of the Dupont Country Club and the vision for its renovation and repositioning for future viability. An underlying discussion theme with be creating an economic development plan for breathing new life into UNDER UTILIZED assets, such as golf courses.

    Dupont Country Club - Acquisition, Renovation & Repositioning

    Many experts say the golf industry is dying. The economic meltdown of 2008 did not create the downturn in the golf industry it just happened to be the convergence point of many key factors which created the Perfect Storm. A storm that turned 10 years old this September.  Key factors causing the golf industry downturn include:  an oversupply of courses; the number of rounds played annually has fallen perhaps caused by the waning of Tiger-mania, the aging of Americans beyond the point of enjoying golf, or millennials lack of interest in the game. In addition, there is declining membership at private clubs and courses.

    Over the past 10 years, 800+ golf courses have shuttered across the US.  Golf courses and country clubs currently consume massive amounts of relatively underutilized land for redevelopment.  Considering the average 18-hole golf course is 150 acres, developers have started to take note. 

    When the DuPont Company put its Dupont County Club up for sale in 2017 it was in line with its strategy to offload non-core assets. The club was sold to Ben duPont, a partner at Chartline Capital Partners, and Don Wirth, who retired from DuPont as vice president, Corporate Supply Chain in 2014. Rockland Sports has become the new ownership entity.

    The property, established in 1920, was originally built as an amenity for DuPont company employees. The club consists of 525 acres in Brandywine Hundred, improved with three, 18-hole golf courses, 25 tennis courts, and a 113,000 sq.ft. clubhouse.  The club has hosted multiple professional and amateur golf tournaments - including four of CIRC's annual golf outings - and the LPGA Tour’s McDonald’s Championship from 1987-2004. Another component is the 60-acre Brantwyn Estate, which features a three-story mansion with surrounding gardens utilized for weddings and other special events. 

    The buyers plan to spend $18 million on capital improvements including a new swimming pool, 15,000 Sq.Ft. fitness center and new driving range located closer to the clubhouse. The buyer’s plan to reposition the property from a country club into an athletic and sports facility, with a goal to increase membership. 

    MEET Ben duPont: Ben leads Chartline Capital Partners' fundraising, origination, and portfolio support by connecting companies to additional strategic partners, customers and co-investors. Ben serves as a director of Vorbeck, GigSky (observer), Ecrio, MSCI (NYSE.MSCI), Longwood Gardens, Zip Code Wilmington, and Tower Hill School.

    Ben co-founded yet2 in 1999 and was instrumental to its management buyout; he continues to serve on the board. He also founded yet2Ventures (predecessor to Chartline) in 2010. Previously, Ben worked at the E.I. du Pont de Nemours and Company (DuPont) in multiple bsinesses including medical products, fibers, specialty chemicals, and engineering. Ben has a 1986 BSME from Tufts University. He is a licensed pilot, a ham radio operator, and an avid sailor. He lives in Wilmington, Delaware.

    6:30 - Dinner and a brief welcome by lead organization presidents:

    SIOR President: Steve Willems, SIOR (NAI Keystone)
    CCIM NJ/PA/DE Chapter President: Jeffrey P. Hoffman, CRX, CCIM (JPH Realty Advisors, LLC)
    CIRC President: Donald Robitzer (The Commonwealth Group, Ltd.)

    We are pleased to again welcome participating members:

    SWRA - Commercial Chapter of Suburban West REALTORS Assn.
    AI - Appraisal Institute
    DREW - Delaware Real Estate Women

    Dinner Buffet includes:

    Soup du Jour; 
    Field Green Salad w/Honey-Blackberry Vinaigrette & Spiced Pecans
    Diced Fruit Bowl
    Tricolored Tortellini w/Alfredo Sauce
    Chicken Picatta w/Lemon Caper Sauce
    Baked Alaskan Cod w/Creamy Tomato Fondue
    Sliced Grilled Flank Steak in Burgundy Mushroom Sauce
    Vegetable du Jour; Roasted Red Skin and Fingerlin Potatoes; Assorted Rolls
    Assorted Desserts; Coffe, Tea, Iced Tea

    Attendees List

    REGISTER BELOW:

    CIRC, AI and DREW members are welcome to register using the "Member" selection below. If you are representing an organization OTHER THAN CIRC, please note your affialiation in the "Comments" section when registering.

    SIOR and CCIM members - Register through your own organization:
    Contact: Jennifer Schockley | (717) 614-4271 | jennifer@panjdeccim.com 

    SWRA members - register through Suburban West REALTORS Association:
    Contact Steve Farace  (610) 560-4800 | sfarace@suburbanwestrealtors.com

    Non-Members: All guests who are NOT individual members of one of these organizations listed should register /pay at the Non-Member/Guest rate.

    Thank you Sponsors! 

    Joint Dinner sponsor recognition

  • Cost: $70.00 member; $80.00 non-member
  • Payment by Cash/Check in advance or at the event required.
  • Location: Dupont Country Club, 1001 Rockland Rd., 19803 (Directions)

REGISTER NOW FOR THIS MEETING



December 12, 2018 (Wednesday)

CIRC Holiday Lunch Mixer

  • Time: 11:30 AM - 1:30 PM
  • Topic: CIRC Holiday Lunch Mixer
  • Description:

    SAVE THE DATE for our annual holiday mixer.

  • Cost: $45/members, $55/non-members
  • Payment by Cash/Check in advance or at the event required.
  • Location: University & Whist Club (Directions)


January 9, 2019 (Wednesday)

Monthly Membership Luncheon (& Cont. Ed.)

  • Time: 11:30 AM - 1:30 PM
  • Speakers:
    • Guest Speaker TBA
  • Description:

    SAVE THE DATE for the first Membership Luncheon & Networking for the new year. 

    Continuing Education will start on this date (8:30 and 1:30) for our first two classes of  the new real estate license renewal cycle. (CE Registration)



Questions? Contact Janet Pippert at (302)633-1705, 633-1706 (fax) or janet[at]circdelaware.org