Investing in Urban Areas Today, for the first time since the great outward migration from the center city began, many social, economic and technological factors are changing traditional views of real estate value and investment in these areas: * Changing demographic of the center city population * Growing immigrant population wanting to live in center city neighborhoods * Greater congestion and decline in quality of live in suburban neighborhoods * Shifting desire of urban lifestyles from suburban lifestyles * Political and social desire to spur economic development and reclaim center city neighborhoods * Technology advances that impact the location and nature of employment centers * Many of these emerging trends are combining to create opportunities to redevelop selective projects and neighborhoods in these previously neglected urban area American CityVista Communities are characterized by several key-factors: * American CityVista communities are built on a larger scale than most infill developments, ideally consisting of more than 100 homes. As a result, our communities have a notable identity within their cities and represent desirable urban development. * American CityVista communities consist of new homes with stateof- the art designs, materials, technologies, floor plans, and amenities. Because people who want to live in central areas often find that new homes have not been built there in decades, our communities meet a real need. * American CityVista homes are priced to be within the range of families with average incomes, at or below the area median home price. This is not low income housing nor is it upscale gentrification. It is the creation of neighborhoods of middle class families in the older areas of cities.