Diamond Properties Announces Acquisition of Kirby Hill Farm
Pawling/Mount Kisco, NY (May 11, 2015) Diamond Properties recently announced the acquisition of an equestrian estate in Dutchess County with plans to re-launch boarding operations of Cogi Farm, which will be re-named Kirby Hill Farm.
Kirby Hill Farm, a modern equestrian center just an hour north of New York City, is located on a rolling countryside of forests and trails. The 5-star equestrian facility will provide horse enthusiasts with premium boarding, training and recreational options for nearly every discipline and skill level. Kirby Hill offers boarders top level equestrian care featuring 85 stalls, two indoor riding arenas and more than 30 paddocks located on 247 picturesque acres on Kirby Hill Road in Pawling, NY.
“Kirby Hill is an exciting property for Diamond Properties and it will fit nicely within our Diamond Hospitality Group division which includes entities such as Grand Prix New York Racing, Spins Bowl, and marina properties,” said Bill Diamond. “The facility is stunning and we can imagine future weddings taking place with the farm in the background.”
Diamond Properties purchased the $3.15 million property through an auction by Sheldon Good & Co. that attracted more than 2,000 inquiries. The scenic Hudson Valley property features riding trails, an outdoor event field, a clubhouse, pool, guest cottages, and even its own helicopter pad.
Diamond Properties has hired back Paul Kuhn who will once again be General Manager of the horse farm.
Bill Diamond, President of Diamond Properties, advised that Diamond Properties is planning an extensive renovation of the Olympic-quality facility and the various houses and cottages on the grounds, which was built in 2003, with the hope of having a large number of the stalls rented for this summer.
“There have already been substantial improvements made on the estate, and we plan to apply our expertise to create a first-class equestrian facility,” said Jim Diamond, CEO of Diamond Properties.
About Diamond Properties:
Diamond Properties is commercial real estate business located in Mount Kisco, New York that focuses on the acquisition of commercial properties with potential for substantial improvement through hands-on property management, market repositioning, and capital upgrades. Since Diamond Properties was founded in 2013, they’ve acquired 45 properties, including office, warehouse, retail, residential, and land in 5 states, and they currently own 31 of those properties, totaling in excess of 3,500,000 square feet. They continue to pursue an intense capital improvement and leasing program that, when combined with quality-driven customer service, has enabled them to deliver consistently high tenant satisfaction and lease renewal rates. For more information about Diamond Properties, visit their website at www.diamondproperties.com. For information on current space availabilities, call Mark Blandford at 914-773-6242 or email mblan@dpmgt.com.
