"I think it's the distance factor," Biederman said of Naify's reason for selling the property. "She lives in California and has been trying to run it from a distance and that's difficult to do."
Marsha Naify's 505 Farms and Training Center in Lexington, Ky. will be offered a public auction on Sept. 13, according to Tom Biederman, of Biederman Real Estate and Auctioneers, which is handling the sale.The 427-acre farm, which will be sold in three tracts, consists of a six-furlong training track, 15 barns with 136 stalls, and seven houses. The farm was owned by the late Marshall Naify, who died in April 2000.
