Update

Homeowners,

We wanted you to have an update on our progress and the status of the Paces Green assemblage. We continue to work diligently to close all contracts in the SOBU assemblage by the stipulated closing date. As we move forward on that project, the outcome and details are clearer.

We realize it is difficult to wait, particularly with limited information. We are asking for your patience as we move through this unique and challenging time. The realities of funding, private equity, the residential and commercial market and the general economy has created an environment that requires our creative our focused attention. We do hope that we will be back to you with more details very soon.

If you click this link you can read the full update on the Sobu Flats Assemblage.