01/15/2008 12:00AM

Johnsen buys into horse farm


Racetrack executives Corey Johnsen and Ray Reid privately have bought into the Richland Hills breeding farm in Midway, Ky., according to farm president and co-owner Nathan Fox.

Fox and his wife, Shelley, remain majority owners in the farm. They bought out their previous partner, Richard Kaster, a year ago.

The nursery currently stands the stallions Purim, Star Dabbler, and Storm Surge, and also is home to between 55 and 60 broodmares.

Johnsen is president of Kentucky Downs in Franklin, Ky. Reid, an investment banker and financial advisor, is president of Kentucky Downs Partners and Kentucky Downs Management. Johnsen and Reid are managing partners in Kentucky Downs Partners, which purchased an 85 percent ownership interest in Kentucky Downs last spring.

Johnsen and Reid have been investing in racing and breeding stock in a partnership for about five years in Kentucky, New York, Uruguay, and Argentina. Their North American Thoroughbred bloodstock - consisting of about eight mares, one racehorse, and some yearlings - will now be folded into the Richland Hills operation.