Press Release

RYAN HOMES SELLS REMAINING CONDOS AT THE RESIDENCES AT BULLE ROCK

HAVRE DE GRACE, Md. (Sept. 19, 2008) −Ryan Homes has completed sales in the last two  elevator condominium buildings it has constructed at The Residences at Bulle Rock in Havre de Grace, Md.

The 28 units in these two buildings bring Ryan to a total of 112 condominium homes it has built and sold at The Residences at Bulle Rock, the resort-style community being developed around the five- star Bulle Rock Golf Course (home of the McDonald’s LPGA Championship).

Offering1,658 square feet of living space, the units feature two bedrooms, two baths, a balcony or patio, spacious sunroom, sitting room off the owner’s bedroom, GE appliances, Timberlake cabinets, ceramic tile, cultured marble vanity tops, large storage closet and energy-efficient gas heat.

Ryan plans to build an additional neighborhood of 144 elevator condominium homes, with construction on the first two buildings planned for mid-2009.

The builder previously completed a 52-home, single-family home neighborhood at The Residences Bulle Rock. Featuring up to four bedrooms and up to two-and-a-half baths, these homes offer such amenities as: brick or stone exterior, hardwood foyer and powder rooms, ceramic tile bathrooms, nine-foot ceilings on the first floor, and two-car garages.

“We have experienced a high level of market demand for Ryan’s homes and look forward to continuing that as they embark on their next neighborhood at Bulle Rock,” said Brenda Desjardins, a spokeswoman for The Residences at Bulle Rock.

With the slogan, “Life Imitates Vacation,” The Residences at Bulle Rock is located less than one mile from I-95, between Baltimore and Wilmington, De. Developed by Manekin, LLC, Clark Turner and H&S Properties Development Corporation, the gated community will comprise approximately 2,200 single-family, villa and condominium homes built by Clark Turner Signature Homes, D.R. Horton, NVHomes, Ryan Homes and Ryland Homes. All homes will feature first-floor owners’ suites, open floorplans, vaulted ceiling, garages and additional amenities for luxury living.

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