Highlights
- Driftwood Golf Club Development, Inc. filed a Form D amendment June 30 showing $21.55 million raised so far.
- The offering targets $51.80 million total, leaving $30.25 million still to close with a $250,000 minimum investment.
- The corporation lists 4800 N. Scottsdale Road, Suite 3850 as its address of record, with Joseph Arenson as president.
- The offering opened July 25, 2019, making this a multi-year capital raise still short of its target by more than half.
Driftwood Golf Club Development, Inc., a Delaware corporation with offices at 4800 N. Scottsdale Road, Suite 3850 in Scottsdale, has raised $21.55 million against a $51.80 million private offering target, according to an amended Form D filed with the SEC on June 30.
The filing, accession number 0001761586-26-000001, shows $30.25 million remaining in the offering. The raise has attracted 167 investors, none of them non-accredited, with a minimum investment of $250,000. Joseph Arenson is listed as the company's executive officer and president.
The offering was first opened July 25, 2019, making this a capital raise now in its seventh year. The June 30 amendment is an update to the original Form D, not a new offering.
The same Scottsdale Road address and phone number, 480-624-5200, appear on a separate June 30 Form D amendment filed by Discovery Property Co LLC, a Delaware LLC that lists Arenson alongside Michael Meldman, Schuyler Joyner, and Edward Divita as related persons. Discovery Property Co's offering targets $57.20 million and has raised $45.80 million from 218 investors since a first sale date of March 22, 2017.
The shared address and overlapping principals suggest both vehicles operate under the same management structure at the Scottsdale Road suite.
The Driftwood filing is available on SEC EDGAR. No closing date for the remaining $30.25 million is disclosed in the filing.
Where to find them
- Driftwood Golf Club · golfdigest.com · Instagram · Facebook · X · TikTok
- Discovery Property Co LLC · formds.com
- Delaware LLC · delawareinc.com · Facebook · X
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- SEC EDGAR retrieved 02/07/2026 16:14
- SEC EDGAR retrieved 02/07/2026 16:14
- Driftwood Golf Club (official site) retrieved 02/07/2026 16:14
- Discovery Property Co LLC (official site) retrieved 02/07/2026 16:14
- Delaware LLC (official site) retrieved 02/07/2026 16:14
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 02/07/2026 16:14. Every claim traces to a source.
