64 LUXURY TOWN HOMES & CONDOMINIUMS WILL CROSS THE AUCTION BLOCK IN DALLAS ON SEPTEMBER 19, 2009

First Multi-Property Auction in the Communities of Dallas and Fort Worth, and Ruidoso, New Mexico

Beverly Hills, CA – August 26, 2009 – (RealEstateRama) — Opportunity comes in many shapes and forms, but rarely does it come in four different varieties at once. Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson, announces that it will be conducting a multi-property auction in Dallas on September 19, 2009. This highly anticipated event, the first of its kind to be held in Dallas, will take place at the Gaylord Texan Hotel and Convention Center in Dallas. Homebuyers searching for south-west sophistication will have an opportunity to achieve exceptional savings.

The 64 homes up for auction offer from 2 to 4 bedrooms and up to 2,556 square feet of living space. All 4 locations are situated in vibrant neighborhoods convenient to downtown shopping, dining and entertainment options, yet offer residents a host of enviable amenities. Natural stone, stainless steel and appealing architecture distinguish MStreets5800 – 15 homes with starting bids at $120,000, City North – 15 homes with starting bids at $95,000, Sky Rock – 17 homes with starting bids at $140,000 and River Crossing at Ruidoso – 17 homes with starting bids at $130,000, as both premium residences and promising investments. This special one day auction event delivers value in every way, from greatly discounted prices to innovative designs

Rhett Winchell, president of Kennedy Wilson’s Auction Group, says, “September 19 will be the first time there has been a real estate auction in these in-demand areas of Texas and New Mexico, and it’s also the first multi-property auction to take place in Dallas. River Crossing at Ruidoso is perking people’s interest due to the popularity of Ruidoso, a beautiful, resort-style town with breathtaking alpine scenery. I’m told it’s the 3rd-fastest growing city in New Mexico,” continued Winchell.

Kennedy Wilson has set up a specially designed auction web service portal for registered bidders who may be unable to attend in person but still want to participate. To learn more, please visit the Dallas/New Mexico New Home Auction website at DFWHomesAuction.com (MStreets 5800, Sky Rock & City North) and RuidosoHomesAuction.com (Rivers At Ruidoso).

Founded in 1977, Kennedy Wilson is a real estate services and investment firm headquartered in Beverly Hills, CA, with 21 offices throughout the U.S. and Japan. It seeks opportunities in partnership with clients in pursuit of above-market investor returns and higher real estate values. Kennedy Wilson Auction Group has been a leading force in the auction industry since 1977. Since inception, the Kennedy Wilson Auction Group has conducted many successful auctions of condominiums and single-family homes throughout the United States, Europe and Asia. It conducts ballroom style, site-to-site, and on-line auctions for all types of real estate. Click www.kwiauctions.com, www.bidkw.com or www.kennedywilson.com for further information.