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CDK REALTY ADVISORS ACQUIRES AN INTEREST IN COLORADO RANCH 2/13/2006

On behalf of one of its institutional clients CDK Realty Advisors has completed the acquisition of an interest in Sandstone Ranch, a 2,150 acre ranch located in Douglas County, Colorado.  CDK’s clients will own the property in conjunction with the M3 Companies.  This will be the third transaction with M3 Companies and is a prime example of CDK’s investment strategy of Strategic Partnering.

Sandstone Ranch is located in Douglas County, one of the fastest growing counties in the United States. The Ranch is situated along the pristine West Plum Creek Valley about 11 miles southwest of Castle Rock and is one of the few remaining parcels of this size and quality on the front range of Colorado.  Adjacent to the Pike National Forest, with over 200 square miles of forested Colorado Rocky Mountains, the Sandstone Ranch shares 3 miles of common boundary line with the National Forest.

M3 Companies intends to develop an equestrian-based community, with up to 100 home sites ranging from 3 to 10 acres surrounding an 800 acre working ranch, similar to its American Ranch project in Prescott, Arizona.  Like its predecessor the Sandstone Ranch development will offer an outstanding assortment of residential offerings, top flight amenities and a relaxed but privileged lifestyle. New and existing equestrian facilities will offer horse lovers the finest facilities in the area.