Keeping it all in the family, Marsha J. Naify, has completed the purchase of 505 Farm near Lexington, Ky. The 500-acre Thoroughbred operation has been run by the Naify Trust since the April, 2000, death of Marshall Naify, Marsha's father, who bought the farm a decade ago and raced such stakes winners as Manistique, Swept Overboard, Cliquot, Lacquaria, and David Copperfield."I am looking forward to this new venture and I am very excited about taking 505 Farm to a new level of excellence," Ms. Naify said. She currently races a small string under the Liberty Road Stables banner, and is involved in real estate and investments as well. A graduate of the University of Southern California, Ms. Naify worked for the United Artists theater chain, started by her father, from 1974 until 1989. She is a resident of Del Mar and Long Beach, California, and serves on the City of Long Beach's Human Relations Commission.505 Farm is a full service boarding, breaking, training, and sales facility serving prominent clients such as the Allen Paulson Living Trust, Karen and Mickey Taylor, Mike Ryan, Reynolds Bell, and the Jayeff B Stables."We are in the process of doing some major improvements to the property, including a complete refurbishment of the training track," said Ms. Naify. "505 Farm will continue to be known as a top class facility for Thoroughbred care, training, and sales preparation."Steve Wood, track superintendent at Santa Anita Park, has journeyed to Lexington to help oversee the training track project.