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November 1, 2014

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Press Release

Focus Property Group’s Mountain’s Edge and Providence are in the top 10 fastest-selling communities in America, again

Published on Mon, Feb 4, 2013 (12:17 p.m.)

Focus Property Group’s Mountain’s Edge and Providence are in
the top 10 fastest-selling communities in America, again
-- Both master plan communities had big sales gain in 2012 vs. 2011 --

LAS VEGAS, Feb. 4, 2013 – Two Southern Nevada master planned communities are again in the top 10 fastest-selling master plans in the United States. Mountain’s Edge and Providence, both being developed by Las Vegas-based Focus Property Group, rank in the top 10 in annual surveys of net sales by two leading real estate industry research and consulting firms, RCLCO and John Burns Real Estate Consulting, LLC. Mountain’s Edge and Providence are the only Nevada communities in the top 10.

Mountain’s Edge, a 3,500-acre master planned community in southwest Las Vegas, was the fifth fastest-selling master plan in the country in 2012 with 948 net sales, a 118 percent increase from 2011. Providence, a 1,200-acre master plan in northwest Las Vegas, was No. 6. with 760 net sales, an 81 percent increase from the previous year. In the 2011 surveys, Mountain’s Edge ranked No. 7 with 434 net sales; and Providence was No. 8 with 421 net sales.

“It’s notable that Focus Property Group has been able to keep Mountain’s Edge and Providence in the top 10 fastest-selling communities in the country throughout the Great Recession despite those projects being located in the epicenter of the housing crisis,” said Gadi Kaufman, managing director and chief executive officer of RCLCO (formerly Robert Charles Lesser and Co.). “It’s a remarkable accomplishment,” he added.

The complete surveys are located at http://www.realestateconsulting.com/node/1757 and http://www.rclco.com/generalpdf/general_Jan102013445_January_10,_2013_-_RCLCO_2012_Top-Selling_MPCs.pdf.

“We are excited and grateful that these two communities continue to remain in the top 10 fastest-selling in the country, and rewarding for our team to be acknowledged for what they have created in Mountain’s Edge and Providence,” said John Ritter, chief executive officer of Focus Property Group. “It reinforces our philosophy of developing attractive well-priced communities offering a high quality of life to their residents while still striving to remain sensitive to the environment. Communities where people want to live, raise their families, and retire.

“While there are signs of an improving economy, these are still challenging times, making homebuyers even more discriminating,” Ritter added. “Fortunately, our homebuilders – among the best in the industry – have addressed this issue by redesigning and updating a wide offering of attractively priced homes. The residents in our communities are near employment, transportation, schools and shopping. Our buyers appreciate the added value of a master plan, the many outdoor amenities including trails and parks, and the frequent community events. Our leading sales figures are a testament to that.”

Mountain’s Edge and Providence have consistently remained in the top 10 fastest-selling master planned communities in the U.S. and the top fastest-selling in Nevada since they began selling homes in 2004 and 2006, respectively.

About Focus Property Group
Focus Property Group specializes in acquiring vacant land throughout the southwest region of the country and creating successful communities. The Las Vegas-based company has developed projects totaling more than 10,000 acres in Las Vegas and throughout the Southwest, and has been involved in transactions exceeding $6 billion since its inception in 1987. For information, visit www.focuspropertygroup.com.

About Mountain’s Edge
Mountain’s Edge is a 3,500-acre master planned community in southwest Las Vegas that celebrates the rich history and natural beauty of the area. Developed by Focus Property Group, it has consistently ranked among the country’s top 10 best-selling master planned communities. Mountain’s Edge is recognized for close proximity to the Red Rock National Conservation Area, major employment and Las Vegas Strip entertainment offerings; a wealth of floor plans and single and multi-family subdivisions from top builders; parks, trails and open spaces; and public facilities and schools. A series of paseos wind through the community, connecting residents and their neighborhoods to recreation areas. These include the new Nathaniel Jones Park and the 80-acre Exploration Park with volleyball courts, horseshoe pits, picnic areas, amphitheater, playgrounds and the 2,846-foot-tall Exploration Peak. Mountain’s Edge is located at 9725 S. Buffalo Drive (corner of Buffalo and Blue Diamond Rd.). For information, call 702/898-5777 or visit www.mountainsedge.com.

About Providence
Developed by Focus Property Group, Providence is one of the best-selling master planned communities in the country. The 1,200-acre community will include nearly 7,500 residences at build-out. Presently, it has more than 3,000 single family homes, two multi-family projects and a neighborhood commercial center. Inspired after the traditional “New England” style neighborhoods of the northeast, Providence boasts tree-lined streets, parks, walking trails, and a sense of community rooted in the traditions of small town America and reminiscent of the classic American literary theme of westward exploration. Providence is located at 7051 N. Hualapai Way (I-215 North Beltway and Hualapai). For information, call (702) 433-5084 or visit www.providencelv.com.


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