Levitt Corporation Announces the Opening of Two Levitt and Sons(R) Communities in Florida; The Reserve at Sanford and Turtle Creek Open for Sales.

FORT LAUDERDALE, Fla. -- Levitt Corporation (NYSE:LEV) announced today its subsidiary, Levitt and Sons(R), has opened sales for two new all-ages communities in Central Florida - Turtle Creek and The Reserve at Sanford.

Turtle Creek

Located just 30 minutes from both the Orlando International Airport and downtown, Turtle Creek's first phase will comprise 433 single-family residences and town homes, each featuring two-car garages. Prices start from $200,000. With more than 20 floorplans to choose from, the homes and townhomes at Turtle Creek will range from approximately 1,169 to 3,337 square feet. This family-oriented community will also include a clubhouse, zero entry pool and fitness center, and acres of green space dedicated to outdoor activities including walking trails, green park areas, tot lot, a dog run, and sand volleyball, tennis and basketball courts.

The Reserve at Sanford

Designed for families of all ages and sizes, The Reserve at Sanford offers 129 town homes with two different floorplan varieties, both which include a two-car garage in the rear. Located about 12 minutes from Orlando International Airport and 20 minutes from downtown, the community is within driving distance to the city's theme parks, entertainment venues, shopping centers and colleges. The Reserve at Sanford showcases a vast array of amenities, including complimentary lawn care, a community pool, cabana and tot lot. The two-bedroom, two-bathroom option encompasses 1,147 square feet, with the three-bedroom, three-bathroom town homes totaling 1,563 square feet. Prices start from $247,000.

About Levitt Corporation

Levitt Corporation is the parent company of Levitt and Sons(R) and Core Communities. Levitt Corporation also holds an aggregate 31% ownership interest in Bluegreen Corporation.

Levitt and Sons(R), America's first builder of planned suburban communities, is best known for creating New York's Levittown, Long Island and has built approximately 200,000 homes over the last 77 years. Today, Levitt and Sons develops single and multi-family home communities for active adults and families in Florida, Georgia, Mississippi, Tennessee and South Carolina. These communities typically feature a wide variety of amenities, including resort style pools, fitness and athletic facilities, and grand clubhouses.

Core Communities develops master-planned communities, including its original and best known, St. Lucie West. Core Communities' newest master-planned community is Tradition(TM) Florida. Now under development on Florida's Treasure Coast in St. Lucie County, Tradition is an 8,200-acre community that is planned to ultimately feature up to 18,000 residences as well as a commercial town center and a world-class corporate park. Core has also begun development of Tradition South Carolina, an approximate 5,400-acre parcel of land located adjacent to Hilton Head Island and Bluffton, South Carolina that is planned to ultimately include up to 9,500 residences and 1.5 million square feet of commercial space.

For further information, please visit our websites:
http://www.LevittCorporation.com
http://www.LevittandSons.com
http://www.CoreCommunities.com

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Levitt Corporation Contact Information
Media Relations:
Camille Lepre
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Email: [e-mail]

Investor Relations:
Leo Hinkley
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Statements contained in this press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that involve substantial risks and uncertainties. Some of the forward-looking statements can be identified by the use of words such as "anticipate," "believe," "estimate," "may," "intend," "expect," "will," "should," "seeks" or other similar expressions. Forward-looking statements are based largely on management's expectations and involve inherent risks and uncertainties which are in many cases beyond the Companies control. In addition to the risks identified below, you should refer to our periodic and current reports filed with the United States Securities and Exchange Commission (the "SEC") for specific risks which could cause actual results to be significantly different from those expressed or implied by those forward-looking statements. The Company cautions that the foregoing factors are not exclusive.