LATEST NEWS

::: The Manning - Reservations for 33 percent of the units have been accepted setting new benchmarks in the community for sales prices. ::: The Residences and The Tower Residences at the Ritz-Carlton, Dallas - The 70 units in Phase 1 are completely sold out. Phase 2 is 63 percent sold and construction is underway. The Ritz-Carlton Hotel and Dean Fearing's restaurant opened August 15, 2007. ::: Kukui'ula - Construction has started on The Kukui'ula Village, which will be home to boutiques, restaurants, a country store and more. ::: Maluaka, Maui - Over one-third of the 69 residences have been sold. ::: Oil Nut Bay - Launch of Founders Program begins with tremendous success. ::: Escondido - Honored by Avid Golfer magazine with "Most Exclusive" and "Best Service". 2007 closings exceed $50 million. ::: Traditions begins a relationship with Victory Ranch in Park City, Utah ::: Capella Bahia Maroma - Founder's Program begins for the first private golf community in the Yucatan. ::: Santa Lucia Preserve - The Tom Fazio golf course continues to receive awards from top golf publications. ::: Ocean Club - Sales volume surpasses $240 million in 20 months. 100 percent of the Residences and marina slips sold out. ::: Silverleaf - Traditions completes its contract with more than $500 million in homesite sales. ::: Traditions has a new project in negotiation in Telluride, CO

About Traditions Management

Traditions Management, LLC was founded in October, 2002 by three people committed to providing the best service to our clients. Our sole purpose for being in business is to make these clients successful - for their success translates into our success in a very tangible fashion. With that as our mission, we work hard to be very selective of the clients we choose to work with and limit the number so that we can be certain their individual and project needs are being met.

Mark Enderle, president & CEO

Although originally trained as an accountant, over the past twenty years Mark Enderle has enjoyed an outstanding career in the real estate industry. Prior to co-founding Traditions, Mark helped shape the high-end segment of the industry as President of IMI Resort Sales for three years. Mark specializes in helping developers envision and design custom sales and marketing programs that accelerate sales and enhance value. During his productive career, he has developed numerous relationships in the development community. Through working closely with developers, Mark has been a leader in building highly specialized programs to convert market potential into sales performance that exceeds financial goals. Mark is a member of the Urban Land Institute.

Mark Yarborough

Mark Yarborough has fifteen years experience in the real estate industry with a long and outstanding history of success in multiple senior positions. Prior to co-founding Traditions, Mark had been involved with IMI Resort Sales in several capacities from Vice President Sales to Partner. Mark's strengths include an ability to recruit sales teams with the chemistry that produces exceptional results. He is also proficient in sales training, developing long-term client relationships and managing product inventory. He is one of those rare marketing/sales specialists who knows exactly how to motivate and direct teams to perform at maximum efficiency and produce optimum results. Mark is a member of the Urban Land Institute.

Mike Aiken

Mike Aiken joined Traditions in 2002. His responsibilities include strategic planning, corporate finance and overseeing the Company's organizational structure. Originally trained as a physician, he has been focused on a business career for the past twenty years, including a role as a consultant for IMI Resort Holdings and senior executive and non-executive positions at a number of companies. Mike is a member of the Urban Land Institute.

Traditions Management,
LLC One Union Square,
Suite 816
Chattanooga, TN 37402
(423) 267-5003

Mark Enderle, President and CEO
Mark Yarborough,
Vice Chairman and CSO
Mike Aiken, Chairman
Lisa Reynolds,
Senior Vice President & COO
Mike Lorence,
Senior Vice President of Sales
Lisa Papenfus,
Vice President of Marketing
Tom Potter, Controller
Jim Buckley, Regional Manager
Al Sneeden, Regional Manager
Amanda Coram
Barbara Gephart, Office Manager, Human Resources Coordinator
Tammy Henderson, Accounting Manager
Angie Snyder



The Residences at The Ritz-Carlton, Dallas and The Tower Residences at The Ritz-Carlton, Dallas
500 Crescent Court, Suite 140
Dallas, TX 75201
(214) 855-2020

Steve Farmer
Sandra Baber-Sandefur
Josh Ellis
Todd Lorbach
Jennifer Martinson
Candice Van Cleave


Escondido
9090 Highway 2147
Horseshoe Bay, TX 78657
(830) 598-6311


Chris Munnerlyn
Leslie Baugh
David Corry
Cindy Olson


Kukui'ula
2909 Poipu Road
Koloa, HI 96756
(808) 742-0234


Hannah Sirois
Charlotte Addis
Rolf Benirschke
Kip Boatcher
Joni Brooks
Donald Corry
Jennifer Heu
Kristy Moore
Stewart Munroe
Ellen O'Connell
Suzanne Olson
Scott Reed
Nani Sadora


Silverleaf
19890 North 101st Way,
Scottsdale, AZ 85255
(480) 502-6902


Jeff Beardsley
Debbie Beardsley
Mike Lehman
Todd Moen
Cindy Penwell
Shawn Shackelton
Jacquie Stotler


Ocean Club Residences & Marina
Kerzner International
Executive Offices
Nassau, The Bahamas
(242) 363-6645


John Hillman
Chris Bowers
Natasha Vythoulkas


Maluaka
100 Wailea Ike Drive
Wailea, Maui, Hawaii 96753
(808) 879-0009


Nancy J. Callahan
Cathy Cox
Scott Dean
Lisa Judge
Jamie Kawamoto
Maile Lazo


The Santa Lucia Preserve
One Rancho San Carlos Road
Carmel, CA 93923
(831) 626-8200


Mark Baxter
Greg Kraft
Kris McAulay


The Manning at Belle Meade
120 Woodmont Boulevard
Nashville, TN 37205
(615) 460-1223


Mary Norris
Kirby Baker
Jessica Douglass


Capella Bahia Maroma
Decima Avenida con Calle 14 bis #250
Playa del Carmen, Q. Roo 77710
Municipio de Solidaridad, Estado de Quintana Roo
Mexico
(800) 835-7856 (from US)


Jerry Lewless
Ewa Carlsson
Ed Eakin
Wheeler Hill
Isa Mora
Mauricio Salome
Michael Thacker


Oil Nut Bay
Virgin Gorda, British Virgin Islands
(800) 761-0377 (from US)
(284) 495-5400


Chad DeVries


Victory Ranch
Park City, Utah
(435) 659-9947


George Berkey
Kirk Lowry
Kate Weinburg

Projects

The experience of our principals spans North America and the Caribbean. Landscapes, climates, and even the cultures of the communities they helped create vary greatly from one to another. Yet each is a success story. And each bears an indelible mark left by the leadership at Traditions Management.

Ocean Club Residences & Marina
Paradise Island, Bahamas
Kerzner International & Panda Ltd.

The Residences at the Ritz-Carlton &
The Tower Residences at the Ritz-Carlton
Dallas, Texas
Crescent Real Estate Investment Trust

Escondido
Horseshoe Bay, Texas
Escondido Partnership, Ltd.

Silverleaf
Scottsdale, Arizona
DMB Associates, Inc.

Kukui'ula
Kauai, Hawaii
DMB Associates, Inc.
and A&B Properties, Inc.

Maluaka
Makena, Maui, Hawaii
Dowling Company, Inc.

Spring Valley Ranch
Roaring Fork Valley, Colorado
Spring Valley Holdings, LLC

Santa Lucia Preserve
Carmel, California
The Preserve Land Company

The Manning at Belle Meade
Nashville, Tennessee
Chartwell Properties, LLC

Capella Bahia Maroma
Playa del Carmen, Mexico
Operadora Punta Maroma, S.A de C.V.

Oil Nut Bay
Virgin Gorda, British Virgin Islands
Victor International Corporation

Victory Ranch
Park City, Utah
Victory Ranch Development, Inc.