Highly successful master-planned community model coming to Orlando
market

WINTER PARK, FL, March 7, 2013 /PRNewswire/ – The Orlando market will be the
site of Mattamy Homes’ biggest exclusive master-planned community in
the US – with the company’s $15 million purchase of the Tapestry
property in the City of Kissimmee.

The Mattamy model for such “complete communities” has proven highly
successful in many signature, sought-after neighborhoods across Canada.
Mattamy communities are renowned for their integration, as the company
is involved in every aspect of community planning, from purchasing the
raw land, to planning the streets, to designing the homes to creating
park spaces and walking/biking trails and other amenities.

The Tapestry purchase is expected to formally close following final
approvals from the City of Kissimmee, sometime in the late second
quarter of 2013. The $15 million deal is for some 250 acres within the
city limits of Kissimmee, FL (Osceola County), located just south of
Osceola Parkway and East Dyer Blvd on Carroll Street.

“This will be Mattamy’s first master-planned community in the Orlando
market, and our largest such project in all of our US markets. It will
be totally Mattamy, from raw dirt to complete community, and we’re very
proud and excited about that opportunity,” says Steve Parker, President
of Mattamy’s US Group. “Mattamy has a long history of developing large
master-planned communities in Canada, and we’re looking forward to
bringing that successful model to life here in Orlando.”

Mattamy’s Tapestry community will include up to 1,100 lots across a
variety of product types (townhomes and a number of sizes of
single-family homes). Pricing will start from the mid-$100,000s. The
community will be highly amenitized, including a clubhouse, swimming
pool, park areas, water areas with three lakes over 10 acres each and
several more ponds located throughout the property. The location will
make the community highly desirable:

1. Tapesty is literally directly between and within just minutes to the
   major Disney attractions, Lake Nona’s Medical City, and Orlando
   International Airport, which are three of the Orlando area’s largest
   and healthiest economic centers today.
2. Tapestry is also just down the street from “The Loop”, which is a new
   major shopping center offering all the modern retail conveniences
   today’s families enjoy including big retailers, boutique shops, movie
   theater, popular restaurants, grocery stores and pharmacies.

“We anticipate that Tapestry will become the affordable live-work-play
destination for Osceola County families who want an affordable new home
in a vibrant new development corridor and that’s within minutes of
major employers and all their daily lifestyle needs,” says Parker.

The grand opening for sales of Tapestry is projected to be in the second
quarter of 2014, and the first homeowners should be closing on their
homes in the late third quarter of 2014.

The Tapestry purchase is yet another example of Mattamy’s commitment to
being a major presence in the Orlando market, and of the company’s
confidence in the future of housing locally. It represents Mattamy’s
third major acquisition in the Orlando market in the last year,
totaling approximately $50 million and the potential for some 2,000
homes.

For more information, visit:

http://www.mattamyhomes.com/Orlando/.

See the general location of the Tapestry site, marked A on Google Map.

About Mattamy Homes
Mattamy Homes is Canada’s largest new home builder, with operations
across Canada and the United States. Mattamy has built more than 50,000
homes in 150 communities, and counting. In Canada, those communities
stretch across the Greater Toronto Area, as well as in Ottawa and
Calgary, while in the United States, the company is represented in five
metropolitan areas: Minneapolis, Charlotte, Phoenix, Jacksonville and
Orlando. Visit www.mattamyhomes.com for more information.

SOURCE Mattamy Homes Limited