09/29/11 Palmer Hill Achieves 100th Sale Milestone: Premier Luxury Residential Community Continues Strong Sales Momentum

Palmer Hill Partners, developer of Stamford’s premier luxury residential community Palmer Hill, has reached its 100^th sale milestone. A steady flow of buyer traffic and sales momentum resulted in 30 home sales totaling over $20.2 million since the start of 2011. In addition, the private, gated community has entered Phase III of construction with the commencement of the East Building. A press release is below with complete information.

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Dan

Dan Bullock | Quinn & Co. | 520 Eighth Avenue, 21 Fl. | New York, NY 10018 |

T: 212.868.1900 x362 | F: 212.465.0849 | dbullock@quinnandco.com| www.quinnandco.com |

Contact: Dan Bullock / Quinn & Co. / dbullock@quinnandco.com / 212.868.1900 x362

PALMER HILL, STAMFORD’S PREMIER LUXURY RESIDENTIAL COMMUNITY,

ACHIEVES 100th SALE MILESTONE FOLLOWING STRONG SALES MOMENTUM

- Palmer Hill Enters Phase III of Construction with New East Building -

Palmer Hill Partners, developer of Stamford’s premier luxury residential community Palmer Hill, is excited to announce its 100^th sale. A steady flow of buyer traffic and sales momentum resulted in 30 home sales totaling over $20.2 million since the start of 2011. Ninety families are currently living at Palmer Hill and 15 more are scheduled to move in by year-end. In addition, the private, gated community has entered Phase III of construction with the commencement of the East Building. The East Building will provide new buying opportunities, with closings anticipated to take place in spring 2012.

“We attribute the strong 2011 sales activity at Palmer Hill to the progress of construction and our top-quality homes, both of which have positioned Palmer Hill as the premier option for homebuyers seeking new construction.” said Bill McGuinness, principal of Palmer Hill Partners. “Our research suggests that Palmer Hill home sales account for more than fifty percent of the new construction market in Greenwich and Stamford, which is a testament to the value we offer.”

Phase I is completely sold out and fully occupied, while only a few offerings remaining in Phase II. Phase III offers new inventory including 27 garden condominiums in five different floor plans currently priced from the low $500,000s to the high $700,000s. Phase III will also feature a new line of townhome floor plans that will be available for occupancy in 2012.

“Sales at Palmer Hill have maintained a steady pace due to its uniquely broad appeal to buyers ranging from single professionals to young families and empty nesters” said Bob Dale, principal of Palmer Hill Partners.

Ideally situated in the heart of lower Fairfield County, where Old Greenwich meets Stamford, Palmer Hill is an award-winning community set on nearly 20 acres of park-like landscaped grounds and conservation areas and is designed in the traditional architectural style of coastal New England. The private, gated community features 195 residences, including 114 townhomes and 81 condominium residences with dozens of custom options, including all flooring, cabinetry, counters, tiles and electronics, and each home has its own private outdoor spaces including patios, terraces and/or balconies. Renowned designer Lynn Morgan has decorated the model homes and includes furnishings from a variety of local merchants.

Palmer Hill offers five single-level two- and three-bedroom condominium plans, with homes ranging in size from 1,200 to over 2,000 square feet, and priced from the $500,000s to the high $700,000. The condominium buildings are designed in traditional shingle-style architecture with dramatic rooflines, brick chimneys and other elegant details, set on a centrally located landscaped courtyard. Condominium residents each have access to garage parking for two cars and direct elevator access onto each floor.

The three-bedroom townhomes feature New England cottage-style architecture, with clapboard siding, large flagstone porches and patios, brick chimney pots and window boxes. Townhomes range in size from approximately 2,000 to 4,000 square feet and offer private two-car garages and brick-paver driveways and walkways. Select models include first-floor master bedroom suites. The townhomes are priced from the $700,000s to over $1 million.

Amenities include a dramatic 3,500-square-foot community clubhouse with a resort-style swimming pool, spa hot tub and outdoor fire pit. French doors lead from the pool terrace into the well-appointed clubroom which offers a catering kitchen, flat-screen television, fireplace and luxurious furnishings. Palmer Hill’s fitness center features state-of-the-art equipment and flat-screen televisions, and a yoga studio with hardwood floors, mirrored walls and ballet bar. A business center is available to residents as well, complete with wireless Internet access, conference table and computer kiosks.

For more information or to schedule a visit and tour the fully decorated model homes, please call 203-989-0315 or visit www.palmerhillhomes.com.

Palmer Hill Partners is a venture of Buckingham Partners, Sun Homes and O’Connor Capital Partners.

About Buckingham Partners

Buckingham Partners is a real estate development firm founded by Bob Dale in 1998 for the purpose of developing residential communities in the Northeast. Since its inception, Buckingham Partners has developed more than 2,000 residential units in 5 states from Pennsylvania to Rhode Island, including MerrittPark in Dutchess County, N.Y. and Riverview Landing in Valley Forge, PA. Buckingham Partners is based in Haddonfield, N.J.

About Sun Homes

Sun Homes is a design/build firm in the truest sense of the phrase. A highly product-driven organization, its involvement typically extends from land acquisition through sales and warranty. Sun Homes most recently completed The Willows at Crestwood (Tuckahoe, NY). Sun Homes is unique not only in its attention to design details, but that the company also serves as general contractor to ensure that the finished home fulfills its initial promise. A close eye is kept on new technologies and consumer preferences, but with careful adherence to classic principles of residential design and community planning. Sun Homes prides itself in achieving a proper balance between progressive design and the enduring values of good taste and solid construction. For more information visit www.SunHomes.com

O’Connor Capital Partners

O’Connor Capital Partners is a privately-owned, independent real estate investment and development firm focused on principal investing through private equity funds. O’Connor concentrates its efforts on making direct investments in high-quality assets in major metropolitan markets in North America.

Over the past 25 years, the firm has acquired or developed more than $15 billion of property on behalf of various investment funds, institutional clients, and its own account, encompassing all major property types. The firm is based in New York City, with a regional office in Mexico City. For more information, please visit www.oconnorcp.com.

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