CENTRAL PARKE AT OCEAN PINES SOLD OUT!

Burke, Virginia – January 31, 2006. Slenker Land Corporation’s Central Parke 55+ Active Adult division is pleased to announce that Central Parke at Ocean Pines is sold out! The 55+ Resort Community near Ocean City, Maryland, was twice named one of the “100 Best Master-Planned Communities” by Where to Retire magazine.

Known for its outstanding resort-style lifestyle and wonderful location within the community of Ocean Pines, the Parke has received numerous accolades throughout the years. The National Association of Home Builders awarded the community the Platinum award in two categories: “Midsize Active Adult Community (301-1,500 homes)” and “Community Center for Midsize Active Adult Community (301-1,500 homes)”. The Platinum award is the highest honor that a community can receive in a category. The Parke was also named Environmental Community of The Year and Best Master Planned Community by the Maryland National Capital Building Industry Association. Twice it received the prestigious, nationally recognized Finest for Family Living Award for being the Best Resort Community in the Mid-Atlantic region.

Parke residents enjoy spectacular amenities including a spacious 11,000 square foot Private Clubhouse featuring a 55 foot indoor pool, whirlpool spa, and huge state-of-the-art fitness center designed specifically for the Active Adult. The Clubhouse also includes a billiards and sports lounge, card room, sharing library, arts and crafts studio, Business Resource Center, and Grand Hall. A Lifestyle Director, similar to a Cruise Director on a cruise ship, is on staff to plan special events and excursions for residents. An extensive network of trails wind through the neighborhoods and the forest preserves. In addition, fishing is available at one of three lakes, or along the banks of Manklin Creek. As a Central Parke community, homeowners enjoy a maintenance-free lifestyle, giving them more time to enjoy themselves instead of worrying about lawn maintenance, gutter cleaning, and snow removal.

Parke residents enjoy being just 10 minutes away from the private Beach Club on the Atlantic Ocean with parking, pool, and snack bar. Other Ocean Pines clubs and amenities are available to Parke homeowners, including the challenging Robert Trent Jones Championship Golf Course; The Ocean Pines Yacht Club and Marina; the Tennis Center with sixteen tennis courts; numerous swimming pools; recreation areas; docks, private boat launch, and trails. Ocean Pines also employs a full-time professional staff including grounds and maintenance personnel, fire and rescue services, and a police department.

Central Parke Communities are known for their extraordinary lifestyle, highly desirable locations where residents can live close to family and friends, maintenance-free lifestyle, and extensive collection of homes built by some of the nation’s most respected builders. Parent company Slenker Communities, has also been named “Environmental Developer of the Year" and received Awards of Excellence for their planning and development.

Central Parke is currently developing several 55+ Resort Communities in the Mid-Atlantic region including, Central Parke at Victoria Falls in Laurel, Maryland, Central Parke at Colonial Charles in historic Charles County, Maryland and Central Parke at Milford Ponds in Milford, Delaware. Plans for more communities are underway.

###

About Central Parke 55+ Resort Communities
Central Parke is a division of Slenker Land Corporation that develops 55+ Resort Communities. Central Parke Communities are known for their extraordinary lifestyle, highly desirable locations where residents can live close to family and friends, and extensive collection of homes built by some of the nation’s most respected builders. All Central Parke 55+ Resort Communities feature homes offering the ease of spacious, one-level living, resort-style amenities, and a Carefree Maintenance Program. Central Parke is currently developing three 55+ Resort Communities around the Mid-Atlantic area: Central Parke at Victoria Falls near Laurel, Maryland; Central Parke at Colonial Charles in Charles County, Maryland; and Central Parke at Milford Ponds in Milford, Delaware. Plans for more communities are underway.