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MBK HOMES NORTHERN CALIFORNIA ACQUIRES NEW PROPERTY IN FAIR OAKS, CALIFORNIA


Talmont Set to Break Ground in Fall 2007

SACRAMENTO, CA (June 12, 2007). Sacramento-based MBK Homes Northern California has announced the acquisition of Talmont, a 16.64 acre parcel located in Fair Oaks, Calif. The Talmont acquisition marks the latest stage in MBK Homes Northern California's growth, which also includes developments in Citrus Heights and Elk Grove.

Talmont will offer 89 single-family homes designed by Mark Gross Architects with an approximate square footage of 2,100 to 2,583.

"The acquisition of Talmont is the perfect opportunity for MBK Homes Northern California to aggressively expand in the Sacramento area," said Jon Tattersall, President of MBK Homes Northern California. "As Fair Oaks and the surrounding communities continue to grow, the demand for new homes will grow as well. Our high-quality homes will be a perfect complement to the area's rapid development."

In addition to being centrally located among popular Fair Oaks attractions and resources, Talmont is easily accessible to major freeways, with downtown Sacramento only 16 miles away.

"Not only will living in Talmont provide residents with the convenience of living within walking distance of popular shopping venues, but it will also allow families to be a part of one of Sacramento's best school districts and most desired neighborhoods," said Tattersall. "We are excited to be a part of this great community and look forward to contributing to its growth."

Completed models and an anticipated grand opening for Talmont are set for January 2008. Interested buyers should visit www.mbkhomes.com to sign up for the VIB interest list in order to receive up-to-date information on the project as well as an invitation for the special preview event. For more information, call (916) 783-1150.

In addition to Talmont, MBK Homes Northern California will commence construction this Fall on Bella Strada, a 155-unit neighborhood named within the master-planned community Madeira in Elk Grove, California. MBK Homes Northern California recently unveiled its first completed development in the area, Camden Place, a new 66-unit community located in Citrus Heights.

Company Background
MBK Homes develops both attached and detached housing for entry-level and move-up homebuyers throughout California. MBK Homes prides itself on its award winning customer satisfaction and its reputation for delivering quality housing that is innovative in design, comfort and craftsmanship, all at an excellent value. MBK Homes Northern California focuses its efforts in the Sacramento market and its six surrounding counties. MBK Homes Southern California builds residential neighborhoods in Los Angeles, Orange, Riverside and San Bernardino counties. For more information, please contact MBK Homes Northern California at (916) 783-1150, MBK Homes Southern California at 1-888-MBKTODAY, or visit the company's website at www.mbkhomes.com.

MBK Real Estate is a multifaceted real estate company backed by the vast financial strength and resources of Mitsui USA. Mitsui USA's parent company, Mitsui & Co., Ltd., Japan, is one of the world's most diversified and comprehensive trading, investment, and service enterprises. Headquartered in Tokyo, Mitsui & Co. maintains a global network of 172 offices in 72 countries and has 582 subsidiaries and associated companies worldwide. Through its three operating companies, MBK Homes, MBK Senior Living and MBK Retail, MBK Real Estate is renowned for building award-winning homes; for its expertise in senior housing; and for its proven skill and knowledge in developing and revitalizing shopping centers. Headquartered in Irvine, California, MBK Real Estate also has a regional office in Sacramento, California. For more information, please visit www.mbk.com, or call (888) MBK-TODAY.

Posted on July, 12th 2007

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