Award-Winning Master Planner and Developer Costa Pacific Communities Welcomes New Chief Financial Officer

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Master Planned Community of the Year

Portland, Ore. (Vocus) June 18, 2009

Costa Pacific Communities today announced the recent hire of Simon Acheson as the award-winning development company's chief financial officer (CFO).

With 20 years of experience in real estate finance and development, Acheson most recently worked as the CFO with CXA Group, a start-up developer and operator of independent senior living facilities across the country. Acheson brings an extensive résumé and diverse portfolio of accomplishments and experience to Costa Pacific Communities. He originally began his career at Mellon Bank in Pittsburgh and New York, followed by a career as Vice President and head of Private Investment Analysis at a regional money management firm in Portland, Ore.

Additionally, Acheson was CFO of a real estate development and operating firm in Montana and Senior Vice President of Morley Capital Management, a national money management firm based in Oregon. He also has experience as Director of Capital Markets at Pacific Security Capital where he raised debt and equity funds for a wide variety of national real estate projects.

Acheson received a Bachelor of Arts degree in Economics from the University of Virginia where he was an Echols Scholar. He also received a Masters of Business Administration degree in Finance with distinction from the Thunderbird School of Global Management.

"We are pleased to welcome Simon as our CFO at Costa Pacific Communities," says Rudy Kadlub, CEO of Costa Pacific who has known Acheson for nearly 20 years. "With his unparalleled work ethic and expansive experience in development finance, he will be a valuable asset to our management team."

Costa Pacific Communities is currently developing the Villebois Village Center in Wilsonville, Ore. A transit-oriented, master-planned community, Villebois will eventually host 2,600 single- and multi-family homes, more than 35,000 square feet of retail space and 160 acres of parks and communal green space.

For more information about Costa Pacific Communities or the Villebois Village Center, please visit: http://www.ChangeHowYouLive.com; or contact Costa Pacific New Home Specialist Andy Green at 866.580.2836 or email info @ CostaPacific.com.     

About Costa Pacific Communities    
Since 1990, Costa Pacific Communities has been building communities throughout the Pacific Northwest that enrich the lives of residents. Costa Pacific has been recognized nationally for excellence in design, master planning and marketing and is the most awarded builder/developer in the history of Oregon. Most notably, Costa Pacific received a Gold Nugget Award for Best on the Boards Site Plan for Villebois at the Pacific Coast Builders Conference in 2005. The master planner's Orenco Station community in Hillsboro, Ore. received the prestigious "Master Planned Community of the Year" award in 1999 from the National Association of Home Builders. Additionally, Costa Pacific has been named Developer of the Year by Oregon's environmental watchdog group, 1000 Friends of Oregon, and twice been named the Home Builder Association of Metropolitan Portland's (HBA) Builder of the Year as well as the State's Builder of the Year. For more information about Costa Pacific Communities, please visit http://www.CostaPacific.com.     

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