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August 13, 2010 For More Information:
Joy Lutes 877.846.7760
Clark and Partners Celebrate Substantial Completion of the Catalina Heights Neighborhood
Project Delivers All 315 Navy Homes Five Months Ahead of Contract Schedule

Clark and Partners Celebrate Substantial Completion of the Catalina Heights Neighborhood
CAMARILLO, Ca. — On Friday, July 30, Clark Builders Group (CBG) successfully delivered the last home in the new Catalina Heights neighborhood to Lincoln Military Housing, the project's property manager, for occupancy. Encompassing 23 single-family homes and 283 townhomes, Catalina Heights is part of the fourth phase of San Diego Family Housing (SDFH), the Navy's largest public/private venture to date. SDFH is an innovative partnership between Clark Realty Capital (CRC), Lincoln Military Housing, and the Navy, consisting of over 12,500 homes in more than 50 communities across California and Nevada.

"At Naval Base Ventura County, we enjoy an outstanding partnership with the Clark / Lincoln team. That partnership is the foundation of our ongoing success, and it was clearly demonstrated with Catalina Heights, a wonderful new community for our Navy families," said Captain Tony Edmonds, Chief Staff Officer at Naval Base Ventura County. "Everyone who lives there is elated with their individual homes as well as the entire community concept. We are all proud to be part of the team that made this possible for our service members and their families."

At Catalina Heights, Clark established a strong relationship with the City of Camarillo and focused on sustainable design and construction. The team recently celebrated the opening of the project's first 6,500-square-foot LEED® Silver Community Center. Other successes include land planning to effectively accommodate families with children attending Las Posas Elementary School, and delivering Victory Gardens and an orchard of over 100 fruit and nut trees for resident use. The team also implemented storm system improvements to ensure compliance with local water quality standards.

"Catalina Heights delivers more than just military housing, it is a community that will provide families quality homes in a safe and beautiful setting," said Michael Holk, senior vice president of Clark Builders Group. "Thoughtful land planning supports outdoor activity and promotes a sense of community. As the design/builder, we are proud to serve our partners and the deserving families who will reside at Catalina Heights."

Through the combined efforts of the Navy, SDFH, CRC, CBG, and Lincoln Military Housing, the team achieved substantial completion of Catalina Heights five months ahead of schedule. The project, which was recently awarded the Climate Action Award for Sustainable Development by the Venture County Board of Supervisors, includes numerous environmentally-friendly features such as energy efficient windows and appliances and low VOC paint, and the successful diversion of 95% of demolition waste from landfills. Clark looks forward to continuing the partnership's success at Point Mugu and Port Hueneme with the delivery of new LEED Silver community centers, pools, and maintenance buildings.

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About Clark Builders Group

As the fourth largest multifamily builder in the nation, Clark Builders Group (CBG) is one of the nation's premier builders of luxury apartments, military family housing, and mixed-use communities. CBG has constructed more than 50,000 homes since its founding in 1992 and boasts an extensive portfolio of nationally acclaimed, award-winning communities on both coasts. CBG is an affiliate of the Clark Construction Group, one of the nation's oldest and largest private general contractors. For more information, visit www.clarkbuildersgroup.com.

About Clark Realty Capital

Clark Realty Capital (CRC) is a fully integrated national real estate company offering a broad base of services including capital markets, development, construction, property management, and investment management. The Army, Navy, Air Force, and Marines are leveraging the ingenuity and assured performance of CRC at 12 military installations throughout the United States. Upon completion of current military projects, CRC will have built or renovated over 34,000 homes with a development value in excess of $4.9 billion. For more information, visit www.clarkrealtycapital.com.

About Lincoln Military Housing

Since 1965, Lincoln Property Company has distinguished itself as an innovator in real estate development and management. This includes residential, retail, commercial, office, industrial and mixed-use developments with a presence in more than 200 markets worldwide. In 2001, Lincoln developed a new approach to military housing. Named Lincoln Military Housing, it is an affiliate of Lincoln Property Company created to focus exclusively on meeting the needs of the Armed Services and their constituents. Today, Lincoln has developed and managed more than 30,000 military family homes at 26 Installations across the nation. With over four decades of experience, Lincoln Property Company residential and commercial developments have become the industry standard for attractive architecture, attention to detail, superior management, and community enhancement. For more information about Lincoln Property Company, please visit www.lincolnproperties.com.