LOCATION: Windermere, FL
STRATEGIC PARTNER: Centerline Homes
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• Single Family and Multifamily Residential (Townhomes)
• 138 fully developed and platted lots acquired
• Traditional Neighborhood Community in sought after Windermere area
• All homes feature front porches and rear alley access two car garages
• Community amenities include pool, clubhouse, playground and public open spaces

This asset was acquired from a public builder who completed site development work prior to becoming distressed. The lots were acquired at a price well below the original cost and are being delivered to Centerline Homes for home construction on a just-in-time basis. Preston Square and Centerline have received numerous accolades and been cited as one of the better examples of success under the challenging conditions of the current market. Sales commenced in March 2008 and are currently on pace to exceed projections with completion expected in mid 2009. Contact Jennifer Grugan for more information.