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MBK HOMES TO BUILD NEW COLLECTION IN LADERA RANCH


LADERA RANCH, CA - MBK Homes has announced plans to build a new neighborhood of 69 single-family homes in Ladera Ranch. SylvanOaks at Ladera Ranch will present a charming collection of three floorplans each offered in three distinctive elevations. The result will be an attractive collection featuring several architectural choices for homebuyers. Homes are expected to debut in September 2002.

SylvanOaks will offer two-story detached single-family designs with approximately 1,853 to 2,152 square feet, from three to five bedrooms, and two and one-half to three baths. With prices anticipated to begin from the high $300,000s, the collection will present Shingle, Cape Cod, Spanish Eclectic, Classic Colonial and European Cottage architecture.

"We are very pleased to be building a new neighborhood in Ladera Ranch, a community that has become perhaps the most highly sought-after master-planned community within the Orange County marketplace," said Stefan Markowitz, president of MBK Homes. "SylvanOaks will be a very intimate neighborhood, and we've incorporated focal points such as charming front porches creating venues for homeowners to spend more time in the front of their homes getting to know their neighbors. Our goal is to create a sense of community and neighborliness, a place where children can play comfortably in front of their homes."

Ladera Ranch is a naturally scenic, 4,000-acre master-planned community located east of Mission Viejo in South Orange County. Ladera Ranch is projected to include a variety of 8,100 homes within distinctive villages and two mixed-use districts, both consisting of intimate neighborhoods. Among the amenities available and planned for Ladera Ranch are sites for schools, places of worship, child care centers, two shopping plazas, an 85-acre mixed use business center, as well as such recreational and social amenities as neighborhood and community parks, a regional Sports Park, several village club facilities, miles of neighborhood, and approximately 1,600 acres of surrounding ridgelines and arroyo open space traversed by regional trails. A major facilitator for community connectedness for Ladera Ranch is the installation of a community network and high speed fiber optic infrastructureproviding quick and easy in-home access to a broad of high-speed interactive voice, video and on-line services, including a community-wide Intranet known as LaderaLife.

With its keen attention to detail, MBK Homes Ltd. is dedicated to delivering superior craftsmanship in every home it builds. MBK chooses its locations carefully, building its neighborhoods in family-oriented communities within well-respected school districts. Strengthened by the reputation and financial stability of its' parent company, Mitsui & Co., Ltd., MBK Homes is committed to providing its customers with the best value their homebuying dollar can buy and to building homes to last a lifetime.

MBK Homes continues to expand its homebuilding activities in some of Southern California's most desirable locations. MBK neighborhoods include: Wisteria in The Corona Valley, Saratoga at Hillcrest in Castaic, Heritage and Traditions at The Oaks in Murrieta, Berkeley in Brea, MBK Homes at Emerald Square, SylvanOaks in Ladera Ranch, Serrano in Rancho Cucamonga, Inverness at Vista Del Verde, HighPointe at Eagle Glen and San Abella at Valencia Westridge. For more information on any of these communities, please call (888) 943-HOME or visit the company's website at www.mbkhomes.com.

Posted on July, 1st 2002

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