Las Vegas, Real Estate and Kirk Sanford
Kirk Sanford of Sightline Acquisition Corporation has set his sights high for success in the Las Vegas home-sales real estate market. The Sightline strategy of “staying below the radar” allows the corporation to acquire assets without attracting the attention of larger real estate funds. A great relationship among the team of entrepreneurs is a fundamental ingredient which enables Kirk Sanford and his Acquisition Sightline Corporation to successfully execute the strategy. The present real estate market in Las Vegas presents opportunities for Kirk Sanford and Sightline to obtain real estate from distressed sellers at less than market value and replacement costs.
Las Vegas Real Estate Market Setting Records
Real estate in Las Vegas is a hot topic today and of interest to Kirk Sanford, CEO of Sightline Acquisition Corporation.
As one of the nation’s fastest growing cities, it is important to keep abreast of the trends in the Las Vegas real estate market. According to the statistics distributed by the Greater Las Vegas Association of Realtors, home sales are at almost record-setting levels, while prices remain stable and the number of homes for sale is declining.
June 2009 saw the highest number of homes sold locally in a single month, at 4,702. This record-setting number includes not only homes, but condos and townhomes as well. In July there was a similar number sold, just 100 less. July rated as the second highest local home sales in a single month ever recorded by the GLVAR.
July’s total value of local real estate transactions amounted to $611 million for single-family homes. This was lower that June’s total of $634 million in June, a 3.6% decrease. Since June 2008 there has been a 7.4% decrease in total transaction value for single-family homes.
Sightline Acquisition with Kirk Sanford
Sightline Acquisition Corporation was established in 2008. Kirk Sanford stands at the helm of Sightline, which has been investing in Las Vegas real estate. Sightline Acquisition’s financial operating philosophy is to acquire distressed properties at below market value from sellers hard-pressed to sell. In this manner a great increase can be expected when the property is valued for sale.
Kirk Sanford and Sightline
Kirk Sanford of Sightline Acquisition has thought out his investment strategy wisely. Taking advantage of current 
trends in the Las Vegas real estate market, Sanford looks for distressed sellers in order to make the best possible deal. He is often able to acquire real estate at below market value, including replacement costs.
Sightline is also careful not to draw attention to their acquisitions by investing “under the radar” so that the larger real estate funds are not attracted to the investments, driving prices up.
This strategy in conjunction with an excellent entrepreneurial team and a high value on good relationships is what makes Kirk Sanford and Sightline Acquisition a successful investment firm.
Kirk Sanford Heads Up Sightline Acquisition Corporation
After 14 years leading Global Cash Access Inc., Kirk Sanford is now managing Sightline Acquisition Corporation. Sightline is a Special Purpose Acquisition Corporation. Better known as a SPAC, or Blank Check Company, Sightline Acquisition is a corporation specially formed in order to raise capital using an IPO (Intitial Public Offering), while waiting for the opportunity to identify and complete a business transaction or combination of transactions.
A highly respected and thoroughly qualified team of investors forms this type of corporation, which is of limited risk since the anticipated business transaction must occur within 2-3 years of the SPACs inception. If this does not occur, then the investor gets almost all of his money back, minus the out-of-pocket administrative expenses which were incurred by the management team.
Business Week rates Kirk Sanford
4 years ago, Business Week rated the 100 most influential CEOs under the age of 40. Kirk Sanford was rated as 19th – and he appears on the Business Week site with some basic details, as follows:
Kirk E Sanford., 39
CEO, President, and Director
Global Cash Access Holdings (GCA)
Las Vegas
Industry Sector
Financial: Misc. Financial Services
Market Cap
$1.36 billion
Kirk Sanford’s Biography is Alive!!
Visit our Biography page on KirkSanford.WordPress for the full and up to date bio on the man behind the successes of Global Cash Access and Sightline Acquisition.
More Kirk Sanford news and views are soon to be added… including links to important articles and sites across the internet.
Sightline Acquisition Corp.
As of the end of 2007 when he retired from the helm Global Cash Access Inc. where he had served as CEO, chairman and director, Kirk Sanford joined Sightline Acquisition Corp. as CEO.
More on this topic soon…
Kirk Sanford – Sightline Acquisition; GCA
Kirk Sanford
Chairman & CEO, Sightline Acquisition Corp.
Formerly CEO, Global Cash Access Inc.
About Global Cash Access
Kirk Sanford is best known as having served as CEO, President and Director of Global Cash Access Inc. (GCA) for 14 years until his retirement from GCA in 2007.
While at Global Cash Access, Sanford’s leadership resulted in GCA being valued at more than $1.5 billion with annual revenues that exceeded $600 million. At this time, GCA had over 400 employees across the globe.
Before assuming his positions at Global Cash Access, Kirk Sanford was the general manager of a start-up concern that was a joint venture between Bank of America (BA) Merchant Services, Inc. and USA Processing, Inc.
Currently, Sanford serves as the chairman and chief executive officer of Sightline Acquisition Corp., a group of private investors that purchases real estate among other commodities. Sanford holds this position as of 2007, and his specialties include the realms of real estate M&A, high yield financing and also private equity.
Business Week rated Sanford as one of the 100 leading CEOs Under 40 years old. Sanford, currently 43 years old, is married with 3 children, and he lives in Las Vegas.
Read all About Kirk Sanford’s Press!
Kirk Sanford , previously of Global Cash Access, and currently of Sightline Acquisition has had a highly successful career in the business world, and he has been a high powered CEO with many achievements.
This means that many of his business activities and successes have appeared in the press over time. To learn more about Sanford, KirkSanford.WordPress is the right place to be!
Visit our new press page – Read All About It – that will contain links to all relevant info on the web.
Happy Reading!
