The Woodford Sun has now made public the most recent 2013 sales activity occurring on the Hopewell Farm property. Originally it reported that PNC Bank's Land Holding LLC had successfully bid and purchased part of Hopewell Farm. The specific piece of the property involved in the deal was a 367-acre tract that Land Holding LLC bought at $4.22 million. Now that parcel of Hopewell Farm has been acquired by Regis Farms for $5.2 million, a cool million more.
Back in the summer, PNC Bank’s Land Holding LLC bought out the two biggest land tracts of Hopewell Farm. Specifically, PNC Bank purchased the 367 acre piece that has already just sold to Regis and another piece consisting of 174 acres. Combined total paid by PNC Bank was $6.5 million.
Located at 4240 Pisgah Pike in Woodford County, this current transaction gives Nat Rea's Regis Farms ownership of the 6,500 square-foot Faywood Mansion, six horse barns, one stallion barn, one guest and three employee houses, a shop and an equipment shed.
Originally owned by breeder Richard Trontz, the 584-acre Hopewell Farm went to final sale in July. Lexington neurosurgeon Dr. Matthew Tutt won the bid on yet another piece of the Hopewell property of 43.27 acres.
Regis Farms also owns the 300-acre Silver Springs Farm, Paris, Kentucky.
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