Press Release

CARLISLE DEVELOPMENT GROUP NAMED 2005 AFFORDABLE MULTI-FAMILY DEVELOPER OF THE YEAR

August 22, 2005

CARLISLE DEVELOPMENT GROUP

AFFORDABLE HOUSING DEVELOPERS

NAMED 2005 AFFORDABLE MULTI-FAMILY

DEVELOPER OF THE YEAR

Miami, FL – August XX, 2005- Carlisle Development Group, affordable housing real estate developers, has received the 2005 Affordable Multi-Family Developer of the Year award from the Latin Builders Association.

“It is an honor to receive this award,” says Lloyd J. Boggio, Chief Executive Officer of Carlisle Development Group. “We share this honor with all of our partners, with the many local governments who have supported our efforts, and with the professionals and lending institutions who have contributed greatly to our success.”

The Affordable Multi-Family Developer of the Year award honors companies that have a proven track record in their industry. Winners were selected based on criteria which included commitment to local community and upholding a high standard of ethics and social responsibility.

With more than 34 years experience in the real estate industry, Mr. Boggio is seen as a crusader for affordable housing, working with politicians and lenders in all regions of Florida. His contributions to affordable housing in Florida include serving as a Board member for the Coalition of Affordable Housing Providers, and an appointment by Governor Jeb Bush to the

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Carlisle Development Group

2005 Affordable Multi-Family Developer of the Year

Affordable Housing Study Commission, which advises the Department of Community Affairs in regard to Florida’s affordable housing needs.

Founded in 1998, Carlisle Development Group is a fully integrated real estate company

which has developed, leased and managed developments throughout Florida totaling over 6,000

residential units and more than half a billion dollars in total development costs. The Carlisle Development Group is a well known corporate leader in Florida, most recently receiving South Florida Business Journal’s Business of the Year award for Real Estate Services. For more information, visit www.thecarlislegroup.com.

Latin Builders Association (LBA) is an energetic, non-profit organization that encompasses a vast array of individuals and companies related to South Florida’s vibrant construction industry. Since its establishment in 1971, Latin Builders Association has embodied the interests of builders, developers, contractors, architects, engineers, plumbers, electricians and tradesmen associated with the business of construction, striving to provide a vital forum for discussion, networking, training/development, and representation at the local and state level. For more information, visit www.latinbuilders.org.

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About The Carlisle Group

Carlisle Development Group develops and manages affordable housing that strengthens families and communities. We know that a good home can help working families save for the future, give children a safe place to study and play, and improve the quality of life for our older citizens. We also know that for many families, access to high quality housing is only a dream. At Carlisle Development Group, we believe it is our mission to help communities find ways to make that dream a reality.

Source: Carlisle Development Group
2950 SW 27th Avenue
Suite 200
Coconut Grove, FL 33133