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June 22, 2007 For More Information:
Joy Lutes 877.846.7760
Clark Builders Group Ranked Third on "Top 50" Builder List
Company Continues to Expand in Multifamily Industry

Clark Builders Group Ranked Third on
ARLINGTON, Va. — Clark Builders Group (CBG), an award-winning general contractor, recently ranked third in Multifamily Executive (MFE) magazine's annual "Top 50" Builders list. The publication honors the top 50 Owners, Managers, and Builders in the multifamily housing industry. Each year, MFE magazine ranks the firms based on each company's number of units owned, gross revenue, and project type. The annual list, which is also published in Builder Magazine, sets the standard for the multifamily housing industry nationwide.

"We are thrilled that Clark Builders Group has once again landed on the Multifamily Executive 'Top 50' Builders list. The company's stats soared past projections, landing the firm solidly at the number three spot," said Shabnam Mogharabi, editor of Multifamily Executive magazine. "This exclusive ranking celebrates the largest, strongest companies in the industry, and we fully anticipate that CBG will be recognized again next year."

This marks the seventh consecutive year that CBG has remained in the top ten of the annual builder ranking. In 2006, the company started construction of 4,824 multifamily units located across the nation in Maryland, Virginia, California, and Georgia.

"Our forward thinking approach and commitment to earning repeat business has enabled us to grow and expand operations in the past year," said Glenn Ferguson, president of Clark Builders Group. "This is a great honor for our firm and a testament to the leadership and hard work of our employees."

Key accomplishments in 2006 included the signing of two large military housing deals - the first, a design/build contract for single-family and attached rental homes in Fort Benning, Ga., and the second, a $250 million high-rise apartment complex for single sailors in San Diego. CBG projects another 4,000 units to begin by the end of 2007.

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About Clark Builders Group

As the third largest multifamily general contractor in the nation, Clark Builders Group (CBG) is one of the nation's premier builders of multifamily apartments, military family housing, mixed-use communities, and senior living facilities. CBG has constructed more than 60,000 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.clarkrealty.com.

About Multifamily Executive Magazine

Multifamily Executive is a national business management magazine serving over 25,000 owners, management firms, developers and investors of multifamily housing. Published monthly, Multifamily Executive examines the people, issues and trends in the market with a mission of providing information for senior-level executives to assist them in increasing the profitability and efficiency of their organizations. For more information, visit www.multifamilyexecutive.com.