Kennedy Wilson Auctions Off 44 Properties in Arizona

. February 26, 2008

BEVERLY HILLS, Calif – Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted an auction of 44 single family homes/town homes and condominiums located in the Brisas Collection, Summit Collection, Vallarta at Verrado and Flagstaff Ranch, on February 24, 2008. Set amid the rustic foothills of the White Tank Mountain, all these communities offer quality residences with open floor plans and custom-style appointments. The homes include one-, two-, three-, four- and five-bedroom homes, ranging in size from 1,975 square feet to 4,828 square feet.

All homes were sold at the auction, which was held at the Westin Kierland Resort & Spa in Scottsdale, AZ. The auction of the initial 37 homes went so well, that the seller allowed KW Auction Group to auction 7 additional homes.

“With many excited buyers still in the hotel ballroom wanting the auction to continue and very intense bidding, we opened up the 7 additional units to bid,” explained Rhett Winchell, president of the Kennedy Wilson Auction Group. “The purchase prices for these 7 homes were similar to the first 37, and contracts were written for all 44 homes.”

Founded in 1977, Kennedy Wilson is a real estate services and investment firm headquartered in Beverly Hills, CA, with 20 offices throughout the U.S. and Japan. It seeks opportunities in partnership with clients in pursuit of above-market investor returns and higher real estate values. Kennedy Wilson Auction Group has been a leading force in the auction industry since 1977. Since inception, the Kennedy Wilson Auction Group has conducted many successful auctions of condominiums and single-family home communities throughout the United States, Europe and Asia. It conducts live auctions and sealed-bid sales for all types of residential properties. Click or for further information.

Category: Auction News

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