Waldorf, MD ­ March 31, 2006. Slenker Communities, a developer of mixed-use, all-age and Active Adult communities, recently opened the Welcome Center at their latest 55+ Resort Community, Central Parke® at Colonial Charles. Central Parke® at Colonial Charles is located in Waldorf, Maryland. Over 1,800 people are already on the community’s waiting list.

According to William L. Slenker, President of Slenker Communities, “Interest in Central Parke® at Colonial Charles has been phenomenal. We are the first Active Adult community to open in the Waldorf area. When we held our groundbreaking ceremony for the community’s Resort Club last fall, Commissioner President Wayne Cooper noted that Charles County ranks as one the highest counties in Maryland in the number of Baby Boomers retiring. In our research of the Active Adult market, we are finding that more and more retirees are making the decision to live close to family and friends, rather than leave the area where they have been living. Many are choosing to continue working or work part-time so they need to find a community close to where they have been living and working rather than “retiring” to the Sunbelt. We recognized this and have created 55+ communities such as Central Parke® at Colonial Charles that will meet this growing trend.”

According to Mr. Slenker, “We have partnered with a great team of builders.” The builders will debut brand new floor plans not built anywhere else that were designed exclusively for the Active Adult buyer. The Airston Group will build 84 single family homes from the upper $300’s; Woodside Communities will offer 80 single family homes and 74 villas from the $400’s; DR Horton will build 103 spacious villas; and Sturbridge Homes will build 125 luxury condominiums with elevators. DR Horton and Sturbridge Homes will open later in 2006 and will announce prices at that time.

Central Parke® at Colonial Charles will feature a Private Resort Club offering an inviting colonial-style décor with an outdoor terrace overlooking a pond and fountains. Inside, homeowners can play cards, take a cooking class, or exercise in the state-of-the-art fitness center. The Private Resort Club also features a whirlpool spa and sauna, billiards and sports lounge, and library and business center. The community will also include an indoor and outdoor pool and a tennis court. All Central Parke® Communities feature a Carefree Maintenance Program that takes care of mowing the lawn and cleaning the gutters.

Slenker Communities is a recognized leader in the Active Adult housing industry and has a history of developing award-winning communities. Mr. Slenker is confident that Central Parke® at Colonial Charles will carry on this award-winning tradition. This past January, the National Association of Home Builders’ (NAHB) 50+ Housing Council selected their Laurel, Maryland community, Central Parke® at Victoria Falls, as Best Overall Midsize Active Adult Community in the nation. This award is the highest honor that a community can receive in a category. In 2004, the mid-Atlantic developer also received two awards for Central Parke® at Ocean Pines, their 55+ community near Ocean City, Maryland. Central Parke® at Ocean Pines was also named twice as one of the 100 Best Master-Planned Communities in the U.S. by Where to Retire magazine.

Mr. Slenker and his team are also developing Central Parke® at Milford Ponds in Milford, Delaware with plans for more communities underway. For more information on Central Parke® Communities, please visit www.centralparke.com, or call their toll-free number at 800-876-7549. To visit Central Parke® at Colonial Charles, take the Beltway to Rt. 210 South. Turn left on Rt. 228 East (Berry Rd.) and then a right on Rt. 301 South. At the stoplight at St. Charles Towne Center Mall, turn right onto Smallwood Drive. Continue on Smallwood Drive for 1.2 miles. Central Parke® at Colonial Charles will be on your right between Lancaster Drive and St. Stevens Drive. Central Parke® at Colonial Charles is an age-qualified community. Households must have one resident age 55 or better. All residents must be age 21 or older.