South Edge

a master-planned community
Henderson, Nevada

a master-planned community
Las Vegas, Nevada

a master-planned community
Clark County, Nevada

MOUNTAINS EDGE, LLC

a master-planned community
Las Vegas, Nevada

a master-planned community
Las Vegas, Nevada

PROVIDENCE, LLC

Acquisition Financing

a master-planned community
Clark County, Nevada

MOUNTAINS EDGE, LLC

Acquisition Financing

a master-planned community
Las Vegas, Nevada

Kyle Acquisition Group, LLC

Senior Secured Credit Facility

Wachovia Bank, National Association
Administrative Agent

LaSalle Bank National Association
National City Bank
and
The Royal Bank of Scotland, PLC
Documentation Agents

Wachovia Capitol Markets, LLC
Sole Lead Arranger and Sole Bookrunner

a master-planned community
Henderson, Nevada

SOUTH EDGE, LLC

Senior Secured Credit Facility

J.P. Morgan Securities, Inc.
Lead Arranger & Sole Bookrunner

JPMorgan Chase Bank
Administrative Agent

Wachovia Bank National Association
Syndication Agent

Comerica Bank
Documentation Agent

a master-planned community
Las Vegas, Nevada

PROVIDENCE, LLC

Local Improvement Bonds, Series 2004

City of Las Vegas, Nevada
Special Improvement District # 607

a master-planned community
Clark County, Nevada

MOUNTAINS EDGE, LLC

Local Improvement Bonds, Series 2003

Clark County, Nevada
Special Improvement District # 142