press release

MACKINTOSH ON THE LAKE CELEBRATES MILESTONE OF 100th HOME SOLD

BURLINGTON, N.C., November 20, 2006 – Mackintosh on the Lake, a Wakefield Development Company master-planned community, announced today that it has sold its 100th home. The milestone was highlighted during the community’s Residents Club grand opening event on Saturday evening, which was attended by more than 250 guests.

The Parker family chose the Mackintosh on the Lake community in Burlington because of the proximity to the Triad and Triangle areas, as well as the family-friendly environment and low homeowner’s association dues of just $55 a month.

“We are excited to have reached this milestone of the 100th home sold in such a short period of time,” said Polly Jenkins, Senior Director of Marketing, Wakefield Development Company. “This achievement speaks to the quality of living Mackintosh on the Lake provides at a great value to our homeowners.”

For more information about the community, please contact the Mackintosh on the Lake sales office toll-free at (866) MAC-3900 or call (336) 524-9449 or visit the website at www.LakeMackintosh.com.

About Mackintosh on the Lake

Mackintosh on the Lake, an exclusive master-planned community, is taking shape on 612 acres of rolling hills, open meadows, stream-fed ponds and groves of hardwoods in Burlington, North Carolina. The lakeside community features an assortment of homes nestled on the shoreline of the beautiful 1,100-acre Lake Mackintosh and boasts 2.5 miles of protected waterfront exposure. The community has a wide variety of home styles to fit just about every family’s lifestyle, from townhomes and mid-sized single-family homes to luxury custom estates. For more information on Mackintosh on the Lake please call toll-free (866) MAC-3900 or call (336) 524-9449. Or visit their website at www.LakeMackintosh.com.

About Wakefield Development Company

Wakefield Development Company is the Triangle’s largest developer of residential communities, with a portfolio that includes over 14,000 home sites throughout North Carolina. In addition to the 2004 and 2006 NCHBA Community of the Year Bedford at Falls River, the company has six other communities under development across the Raleigh-Wake County market, including Wakefield Plantation, Eagle Ridge, Edgewater and Twin Lakes. Wakefield is developing Mackintosh on the Lake in Burlington, and has begun construction on two new Triangle area communities, Renaissance Park and 12 Oaks. They also have begun work on two new Coastal Carolina communities, Kingfish Bay and San Rio Ocean and River Club. For more information, call (919) 556-4310, visit www.Wakedev.com.