Golf Trust of America, a former real estate investment trust, said it has selected Cherry Bekaert & Holland as its audit firm, replacing BDO Seidman.
The company used to invest in golf courses before it began liquidating its interests in 2001. Last November, the shareholders decided to exit Golf Trust's liquidation plan and move the company forward as a going concern. At the same time, the CEO stepped down and was replaced. The company still owns two country clubs.
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