Virginia golf company buys landmark Manatee County country club

In announcing its purchase Friday of the Lakewood Ranch Golf and Country Club, its three 18-hole golf courses and its Tennis Center, Heritage Golf Group CEO and President Mark Burnett succinctly wrapped up the transaction.

"This is a big day for Schroeder-Manatee Ranch and us," Burnett says. "This is a monumental day. This will be our flagship club.

"This is one of the best residential communities in the U.S. and this is what we do. We focus on high-end clubs."