Brookwood Financial Partners, L.P. Further Establishes Itself As Residential Lot Owner.

BEVERLY, Mass. -- Brookwood Financial Partners, L.P. ("Brookwood") announced that its affiliate, Brookwood Value Partners, LLC, has purchased residential lots in two planned residential communities in Southwest Florida, increasing the number of residential lots that it has purchased and committed to purchase during the last two months to over 1,100. Brookwood closed on the acquisition of 279 lots in Bella Vida, located in Cape Coral, Florida, and 261 lots in River Club, located in Port Charlotte, Florida. In August and September of this year, Brookwood purchased an aggregate of 438 residential lots, and contracted to purchase another 140 lots once they are finished, in The Grove and Calusa Creek, which are located in Lehigh Acres and Punta Gorda, respectively. Bella Vida and River Club were purchased from D.R. Horton, Inc., a national homebuilder.

"The acquisition of these two communities gives us a strong presence in Southwest Florida," stated Eve M. Trkla, Chief Operating Officer for Brookwood. "We have purchased communities in the area that offer homes at very attractive price points," she continued. "The fact that homes continue to sell in these communities in the current credit and economic environment, albeit at a modest pace, indicates that the communities are well-positioned once the market improves."

Bella Vida and River Club

Bella Vida consists of 263 single-family residential lots and 246 townhome lots situated on 165.5 acres on Del Prado Boulevard, just west of U.S. 41, in Cape Coral, Florida. Brookwood acquired 163 single-family lots and 116 townhome lots. Over 160 homes have been sold to residents in the community. D.R. Horton is retaining 62 lots in the community for model homes and future development.

River Club consists of 350 single-family lots, of which Brookwood purchased 261. River Club is situated on 125.9 acres just east of South River Road in Port Charlotte, Florida. Brookwood acquired 199 developed single-family lots and 62 undeveloped single-family lots. Of the remaining 89 lots, 44 are privately-owned and 45 are being retained by D.R. Horton.

About Brookwood - Brookwood is a Massachusetts-based private equity firm that acquires real estate and invests in private companies. Since 1993, Brookwood has acquired 63 properties consisting of approximately 8.1 million square feet of office, retail and research and development space as well as 143 hotel rooms, 138 condominium units, 572 apartments units and 1,100 residential lots. Brookwood has acquired real estate assets throughout the United States including Arizona, California, Colorado, Florida, Georgia, Maine, Maryland, Massachusetts, New Jersey, North Carolina, Rhode Island, Texas, and Virginia. In addition, Brookwood has invested in private companies in the wireless telecommunications, restaurant, software and outsourcing industries. Brookwood has raised over $386 million in equity to acquire assets with a realized and unrealized value of approximately $1.1 billion.