Palin confirms she's in LLC that bought Arizona home

June 1, 2011 

PHOENIX -- Sarah Palin has confirmed that she is part of a company that purchased a home north of Phoenix, but she said she hasn't moved from Alaska.

Safari Investments LLC paid nearly $1.7 million cash for the five-bedroom, 7,900-square-foot home in rural north Scottsdale in May.

In an interview aired Tuesday, Palin told Fox News Channel's Greta Van Susteren that she is part of Safari Investments and it "has some property in Arizona now."

"You know, many, many Alaskans purchase property in Arizona, Nevada and Texas," Palin said from her bus that has been touring the East Coast. "I think we do that because not only are we good investors, and it's a buyer's market, but we like to thaw out once in a while."

Palin did not reveal any other details.

The Arizona Republic first reported May 21 that Palin may have bought the house, but neither Palin's political action committee nor her lawyer responded to inquiries, and the lawyer who handled the deal declined to comment.

It's common for the wealthy or famous to use a limited liability company to buy property to protect their privacy. Safari Investments was created in Delaware, which doesn't require the individuals associated with an LLC to publicly disclose their names.

The home stands on more than 4 acres, about half of it still raw desert and features huge saguaro cactus and palo verde trees. The two-story house has five bedrooms, 6 1/2 baths and a six-car garage. A huge swimming pool sits out back, and a freshly installed jungle gym is on the back lawn.

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