Del Webb Coming Soon to Houston Area

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Del Webb and Caldwell Companies to introduce legendary lifestyle to Houston.

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Del Webb, the nation's leading brand in active adult communities is coming to the greater Houston area. In partnership with longstanding Houston developer, Caldwell Companies, Del Webb plans to locate, just past Sugarland on I-59 and Thompson's Road.

"We couldn't be more pleased to work with Caldwell Companies to bring this renowned lifestyle experience to the Houston area," said Kimberly Paulus, director of Del Webb operations in Houston. "Our location offers the local appeal, convenience and access that are simply non-negotiable for the active adult consumer."

Known for a fully-facilitated dynamic lifestyle, Del Webb communities cater to the active adult, ages 55 and better.

"We are excited to bring Del Webb's 47 years of experience in delivering active adults a fully facilitated lifestyle to Houston," said Paulus. "The robust, recreational, social, cultural and educational offering planned for this Del Webb community is unlike anything that has ever been available in this marketplace."

The very first Del Webb community, Sun City, opened in Phoenix, AZ on January 1, 1960. Today, Del Webb has 59 communities open for sale in 20 different states across the country.

To deliver the legendary Del Webb lifestyle, a full-time, on-site lifestyle director plans and executes exclusive programming within the community. Focused on an engaging lifestyle for the mind and body, each community also tailors its programming to the needs, interests and specific desires of the residents. This often includes life fitness and well-being programs, financial management, seminars, key note speakers, organized groups and clubs, planned events, outings and gatherings and much more.

A state-of-the-art social and recreational amenity offering will be the driving source of community activity. Although specific plans are still in progress for Houston, characteristic of Del Webb communities are well-appointed recreation facilities that typically contain sophisticated fitness centers, an indoor pool and a full array of specialty and common gathering rooms. Outdoor pools, extensive walking and jogging trails, tennis and much more tend to grace the acres of common spaces available for resident use. The full amenity offering for Del Webb in Houston is being reviewed and will be announced at a later date.

While retiring in the Sunbelt used to be the norm, there is a significant portion of active adults who are considering Texas. As reported in the Dallas Morning News, a recent study from the North Carolina Center for Creative Retirement shows Texas as second most popular destination for retirees1. Additionally, economist Ray Perryman reported in his weekly column, "The natural attributes of the Texas landscape, as well as the lower cost of living, a pleasing climate, housing availability and ease of transportation are very important drawing cards."2

As Texas continues to grow as a retirement destination, it is expected that in-migrant retirees will call the new Houston Del Webb community home, but many residents will draw from the local area.

"The Houston area has grown accustomed to master planned living, but currently nothing has been offered to the active adult buyer in this capacity," said Paulus. "Del Webb communities are the leaders in active adult programming and Houstonians are finally getting their own community."

It is expected that the new Houston Del Webb community will have approximately 1,500 homes nestled among expansive open spaces and water features. Paulus expects presales to occur in early 2009 and encourages people who have an interest in this community to join the VIP list by calling (866) 232 6072. For more information about Del Webb communities, please visit http://www.delwebb.com.

1 Bob Moos, "Texas leaps to No. 2 as place to retire," Dallas Morning News (Dallas), May 29, 2007.
2 "Retiring in Texas is on the Rise," The Perryman Group Weekly Column (http://www.perrymangroup.com), July 6, 2007

About Del Webb:
Award-winning Del Webb active adult communities provide a vibrant, facilitated lifestyle for individuals age 55 and better throughout America. The Del Webb concept began in 1960 in Phoenix and has grown to include more than 50 communities currently open for sale in 20 states. Pulte Homes, Inc., which acquired Del Webb in 2001, has been building homes since 1950 and currently operates in 51 markets and 26 states.

Websites:
http://www.delwebb.com
http://www.pulte.com

About Caldwell Companies:
Founded in 1991, Caldwell Companies is a fully-integrated real estate services and development firm providing commercial and residential development, brokerage and property management. The firm is committed to the practice of doing business with a true sense of purpose - building community. Caldwell Companies is privately owned by Fred Caldwell and managed by senior managing partners. The goal of the company is to serve the commercial real estate needs of corporations and private equity investors by capitalizing on our market experience to gain distinct competitive advantages. Caldwell Companies and related investment ventures own, manage and market nearly six million square feet of office and office/flex space. Caldwell Companies' growing residential development team specializes in high amenity resort communities for a new style of residential living.

Websites:
http://www.caldwellcos.com
http://www.townelaketexas.com
http://www.remingtonsquare.com

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Kimberly Paulus
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