Centex Destination Properties

Centex Destination Properties (www.centexdestinationproperties.com) develops luxury second-home and resort communities in the continental United States and Hawaii. Centex Destination Properties is a division of Centex Homes, a subsidiary of Dallas-based Centex Corporation (NYSE: CTX). Centex, one of the nation's leading home building companies, operates in major U.S. markets in 25 states and delivered more than 39,000 homes in the United States in its most recent fiscal year ended March 31, 2006. In addition to its home building operations, Centex's (www.centex.com) related business lines include mortgage and financial services, home services and commercial construction. These businesses provide operational or financial support to home building operations and are leaders in their respective industries. Centex consistently ranks among the most admired companies in its industry, according to FORTUNE magazine.