CORDILLERA RANCH OFFERS NEW SERIES OF ESTATE HOMESITES
NEAR GUADALUPE RIVER

Development continues to show strong record in sales; demonstrated interest coming from out-of-state buyers

Contact:
Rosario Neaves
KGBTexas Public Relations/Advertising
(210) 826-8899
rosarion@kgbtexas.com

(February 9, 2006) BOERNE, TX – In time for spring, Cordillera Ranch has announced the opening of a new series of 2-4 acre estate homesites near the Guadalupe River. Cordillera Ranch is an 8,600-acre luxury master planned residential community located in the Texas Hill Country, just north of San Antonio. The development has experienced great demand in the past year, with sales of 186 homesites in 2005.

This newest offering of homesites is now available and consists of 2-4 acre lots priced from $125,000 to $275,000. Located on the north side of the development, these homesites allow for convenient access to the 62-acre private River Park along the Guadalupe River. More than a mile of the River Park is on the spring-fed Swede Creek canyon. The park provides scenic picnic areas, as well as opportunities for canoeing and fishing. On the whole, Cordillera Ranch has reserved more than 100+ acres for trails, parks, river access and lakes for property owners and guests.

“A spectacular feature of this community is that the integrity and the beauty of the land have been carefully preserved,” said Chris Hill, Vice President, Cordillera Ranch Development Corporation. “The interest in golf and estate property at Cordillera Ranch has been immense. In 2005, almost 50% of our inquiries came from outside the state of Texas.”

The increase in sales figures and inquiries demonstrate interest from buyers in Texas and out-of-state, as San Antonio continues to be one of the country’s hottest residential markets in terms of projected home price appreciation rates for 2005, according to Fortune magazine. TheStreet.com also recently named Texas as the brightest spot in the country’s housing market, reporting that builders’ sales are reaching new heights in Austin, Dallas, Houston and San Antonio.

The development’s location, close-knit community and The Clubs of Cordillera Ranch – which includes a Jack Nicklaus Signature Golf Course – continue to attract walk-in traffic and new buyers. According to sales figures from 2005, the overall number of visitors to Cordillera Ranch was up more than 30% from 2004. Sales of memberships to the Clubs are also representative of the development’s success. The Clubs of Cordillera Ranch, expected to open this year, will provide members a unique resort-style club experience and an opportunity to be part of seven clubs in one location. To date, the Clubs of Cordillera Ranch has sold approximately 300 Full Golf memberships and a total of 415 memberships. In 2005, the Clubs of Cordillera Ranch welcomed 130 new members.

“The greatest thing about our pace of membership sales is that when the Club opens in June of this year, we will have enough members to make the Club feel like a club,” said Hill. “Overall, the sales activity in Clubs memberships and in the real estate has remained extremely strong. We are thrilled with this amount of interest, and are looking forward to 2006.”

Cordillera Ranch is an 8,600-acre master planned residential community located north of San Antonio in the Texas Hill Country. The centerpiece of Cordillera Ranch will be a 7,477-yard Jack Nicklaus Signature Golf Course scheduled to open in 2006. Cordillera Ranch offers its residents on-site recreational opportunities and boasts 1 to 10+-acre estates, including valley view, golf course, Guadalupe River frontage, and hilltop homesites. Cordillera Ranch will soon feature The Clubs of Cordillera Ranch, which will comprise of seven resort-style clubs in one location, including The Golf Club, Social Club, Tennis and Swim Club, Equestrian Club, Rod and Gun Club, Spa and Athletic Club and River Club. Cordillera Ranch is being developed by Cordillera Ranch Development Corp., a subsidiary of Lufkin, Texas-based DH Investment Company.