October 2005

Terramark Homes has begun construction of the first 6 homes in Bayou Crossing, a new subdivision located in Rosenberg, Fort Bend County, Texas. Rosenberg is a bedroom suburb of Houston located in one of the fastest growing counties in the nation. Terramark is the exclusive builder for the 132 home sites in Bayou Crossing.

September 2005

Terramark Development in a joint venture with its homebuilding affiliate Terramark Homes has completed and sold out its most recent condominium townhome development in Houston’s Midtown district. The development located at 118 McGowen was the second phase of the company’s previous identical development which was located at 100 McGowen. The company currently has 2 other condominium townhome developments under construction in Midtown and will be acquiring land for an additional development in October.

August 2005

Terramark Communities has closed on the acquisition of the first 500 acres of land for the company’s new master-planned subdivision named Espada. The Espada development, located in south San Antonio will encompass approximately 2,400 total acres which includes 600 acres being set aside for the recently announced San Antonio campus of Texas A&M University. Terramark has been in planning for the Espada development with the City of San Antonio and Texas A&M University for over 2 years. The company expects to complete the balance of the land acquisition during the first quarter of 2006.

March 2005

Terramark Development has been selected by Remington College, for the design, development and construction of Remington’s recently announced new campus to be located in Webster, Texas. Little Rock, Arkansas based Remington operates career-oriented post-secondary education schools offering diploma and degree programs. Remington has multiple locations in various states across the country. The Webster location will be the third Remington College campus serving the greater Houston metropolitan area.

January 2005

Terramark Development has sold its Sugar Creek Place 1 office building to a tenant-in-common fund sponsored by R.M. Crowe company of Dallas. Developed in 1998 the 151,000 square foot Sugar Creek Place 1 office building is one of the most prominently located and recognizable Class A office buildings in the city of Sugar Land, Texas, a suburb of Houston. Terramark developed the building in partnership with Invesco Realty Advisors, one of the country’s largest pension fund advisors.