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Consortium of Homebuilders Create Inspirada
City of Henderson officials and a consortium of nationally recognized and
award-winning homebuilders and developers have come together to create
Inspirada, a new master-planned community located in the southern foothills of
the Las Vegas valley. The consortium includes KB Home, Toll Brothers, Focus
Property Group, Woodside Homes, Kimball Hill Homes, Pardee Homes, Meritage
Homes and Beazer Homes. Combined, the builders will construct 13,500 residences
providing homes to nearly 30,000 individuals.

Building homes for nearly half a century, KB Home is one of America’s premier
homebuilders with domestic operating divisions in some of the fastest-growing
regions and states: West Coast—California; Southwest—Arizona, Nevada and New
Mexico; Central—Colorado, Illinois, Indiana, Louisiana and Texas; and
Southeast—Florida, Georgia, Maryland, North Carolina, South Carolina and
Virginia. Founded in 1957, and ranked the #1 homebuilder in Fortune Magazine’s
2006 List of America’s Most Admired Companies, KB Home is a Fortune 500
company.

Focus Property Group is a nationally recognized land investment company and
residential community master planner. Focus has been involved in transactions
exceeding $6 billion and holds a portfolio with a valuation of approximately
$1.5 billion. Focus Property Group is responsible for the development of more
than 10,000 acres and eight master planned communities in the Las Vegas Valley
and throughout the southwest.

Toll Brothers, Inc. is the nation's leading builder of luxury homes, and has
operations in 21 states: Arizona, California, Colorado, Connecticut, Delaware,
Florida, Illinois, Massachusetts, Maryland, Michigan, Nevada, New Hampshire,
New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South
Carolina, Texas and Virginia. The Company began business in 1967 and became a
public company in 1986.

Woodside Homes was founded in 1977 with one simple objective in mind; build a home with
lasting value, integrity and quality while providing excellent service. As one
of America’s top 25 homebuilders, Woodside Homes has built over 25,000 new
homes and is currently building in Arizona, Northern, Central and Southern
California, Colorado, Florida, Maryland, Minnesota, Nevada, Texas, Utah and
Virginia.

Kimball Hill Homes was founded in 1939 and is one the nation’s largest privately held
homebuilding companies in the nation. Ranked among Forbes 500 list of top
private companies, the Chicago-based firm has developed neighborhoods in Illinois,
Texas, California, Florida, Nevada, Ohio, Oregon and Washington. Kimball Hill
Homes is headquartered in Rolling Meadows, Illinois.

Established in 1921, Pardee Homes is one of the oldest building companies in California and
is noted for superior master-planning concepts, quality homes, responsive
customer service and dedication to the educational and civic goals of the
communities in which it builds. Pardee Homes maintains regional operations in
Corona, Sacramento, San Diego, Valencia and Las Vegas. New home choices address
a spectrum of households.

Meritage Homes Corporation is a leader in the homebuilding industry. The Company is
ranked by Builder magazine as the 12th largest homebuilder in the U.S. and was
selected in 2006 for the fourth consecutive year to Forbes' "Platinum 400
- Best-Managed Big Companies in America." Meritage is included in the
S&P SmallCap 600 Index, and ranks #580 on the 2007 FORTUNE 1000 list.
Meritage operates in many of the historically dominant homebuilding markets of
the southern and western United States, including six of the top 10 single-family
housing markets in the country, and reported its 19th consecutive year of record
revenue through 2006.

Beazer Homes has a long established commitment to managing and conducting business in
an honest, ethical and lawful manner. Beazer Homes USA, Inc., headquartered in
Atlanta, is one of the country's ten largest single-family homebuilders with
operations in Arizona, California, Colorado, Delaware, Florida, Georgia,
Indiana, Kentucky, Maryland, Nevada, New Jersey, New Mexico, New York, North
Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and
West Virginia and also provides mortgage origination and title services to its
homebuyers. Beazer Homes is a Fortune 500 company.
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