Miller-Valentine Group to Build Garden-Style Apartment Community in Concord, North Carolina

CONTACT:
Brittany Gonzalez Edward Howard - (937) 228-1141
Brian McGeady Miller-Valentine Group - (513) 588-1000

MILLER-VALENTINE GROUP TO BUILD GARDEN-STYLE APARTMENT COMMUNITY IN CONCORD, NORTH CAROLINA

Apartment community convenient to downtown Charlotte

Charlotte, North Carolina (January 14, 2008) – MV Residential, a division of Miller-Valentine Group, has begun work on the Reserve at Stone Hollow, located ½ mile from I-85 and the Concord Mills mall. The 194-unit garden-style apartment community is slated for completion in December of 2008. Preleasing will begin in June. Reserve at Stone Hollow is strategically located in Concord, one of Charlotte’s fastest growing suburbs.

“Reserve at Stone Hollow is perfect for young professionals and families who may work in Charlotte but don’t want the higher costs associated with urban living,” said Brian McGeady, Director of Multi-Family Development with Miller-Valentine. “Reserve at Stone Hollow allows residents to live in a suburban community, yet easily commute into the city.” Reserve at Stone Hollow offers residents a choice of one, two, and three-bedroom floor plans, ranging in size from 829 square feet to 1,200 square feet. Community features include a connecting walking trail throughout the property, as well as Clubhouse equipped with a 24-hour fitness center, swimming pool, computer room, community center, and laundry facilities. “Reserve at Stone Hollow offers residents all the community amenities and home features without the responsibilities of maintenance associated with traditional home ownership,” McGeady said. “Miller-Valentine is confident that residents will be proud to call Reserve at Stone Hollow home.”

Reserve at Stone Hollow is a joint venture between Miller-Valentine Group and Boston-based CrossHarbor Capital Partners, LLC, which committed $66 million of equity to jointly develop over $450 million of luxury apartment communities throughout the United States, with a primary focus in the Midwest and Southeast over the next three years.

Miller-Valentine Group offers total real estate solutions in the areas of Design/Build Construction, Development, Management, and Financing for both commercial and residential markets and also provides Renovation, Brokerage, and Leasing services for commercial markets. All of Miller-Valentine Group’s divisions have combined to provide customers with more than 50 million square feet of commercial space and over 8,000 residential housing units. Miller- Valentine Group, founded in 1963, operates offices in Dayton and Cincinnati, Ohio, and Columbia, South Carolina.

Miller-Valentine Group offers a wide range of commercial products, including office, retail, lodging, healthcare, manufacturing and distribution facilities and an equally wide range of residential products, including multi-family, single family, active adult, and military housing throughout the Midwest and MidAtlantic regions.

Miller-Valentine Group has been awarded the prestigious national “Developer of the Year Award” by the National Association of Industrial and Office Properties (NAIOP); Miller- Valentine Construction has been awarded OSHA’s Voluntary Protection Program “STAR” designation – the first general contractor to receive this designation on a statewide level.