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$238 Million Uplands Residential Community Opens Today

June 03, 2013

Grand Opening of Master-Planned Community Signals the Renaissance of a Prime Area of Baltimore City

BALTIMORE (June 3, 2013) --- Uplands Visionaries, LLC today announces the grand opening of Uplands, a $238 million residential community located on the site of the former Uplands community in southwest Baltimore, one of the only new housing developments located in the city.

An opening ceremony will be held on Monday, June 3rd at 10:00 a.m. with community leaders and elected officials including Baltimore Mayor Stephanie Rawlings-Blake.

The community, located on 63 spectacular acres of tree-lined streets just 3.5 miles from Camden Yards, encompasses 761 residences, including townhomes and semi-detached residences, as well apartment homes with one-, two-, and three-bedroom floor plans.

Uplands Visionaries, LLC is a public-private real estate development consortium managed by Pennrose Properties, LLC and consisting of Bozzuto Homes, Cryor Development, LLC, Harrison Development, LLC, KMJ Uplands, LLC, Scientia Uplands, LLC, and Southwest Baltimore Community Development Corporation, Inc.

In addition to Mayor Rawlings-Blake, the grand opening of Uplands will feature addresses by:
• Mark H. Dambly (President, Pennrose Properties, LLC);
• Tom Bozzuto (Chairman & CEO, The Bozzuto Group);
• Raymond A. Skinner (Maryland Secretary of Housing and Community Development); and
• Paul Graziano (Baltimore Housing Commissioner).

Located on Route 40 near Edmondson Village, Uplands replaces the old Uplands Apartments, a community of 979 publicly-subsidized apartments. Built by local developer Ralph Chiaro in 1948 on the site of a former private estate, the Uplands community was eventually bought by Baltimore City in 2004 from the federal Department of Housing and Urban Development.

The new Uplands is designed to feature affordable and market-rate housing, attracting a widely diverse group of buyers and renters. Design architect David Dixon has characterized the new Uplands as “an urban village” that would lift up the area and resemble Roland Park, with trees, grass and winding lanes.

Uplands is surrounded by inviting parks and greenways, sidewalks and paths, and offers beautiful views of downtown and the Inner Harbor. The community, situated on the south side of Edmondson Ave., between Old Frederick Road and North Athol Avenue, across from the Edmondson Village Shopping Center, combines the comforts of suburban life with the liveliness and convenience of an urban setting.

Today’s opening ceremony will take place at 4501 Edmondson Avenue. Media representatives are invited to attend.

For more information about Uplands, visit www.viewatuplands.com. For homeownership inquiries, please contact Bozzuto Uplands at 1-866-981-6661 or uplands@bozzuto.com. For rental inquiries, please contact Pennrose Management Company at 443-957-1515 or uplands@pennrose.com.

About Uplands Development Team
The new Uplands master planned community is being developed by Uplands Visionaries, LLC, which includes in its ownership structure:

• Pennrose Properties, LLC
• Bozzuto Homes
• Commercial Interiors
• Cryor Development, LLC
• Harrison Development, LLC
• Scientia Uplands, LLC
• Southwest Baltimore Community Development Corporation

About Pennrose
With over 30 years of experience, Pennrose combines quality development and proven management to deliver exceptional lifestyle-centered communities for its residents. With the superior knowledge and unparalleled dedication to get the job done right, Pennrose develops and operates both conventional and affordable communities throughout Pennsylvania, New York, New Jersey, Connecticut, Ohio, Maryland, Alabama, Tennessee and Washington D.C., and continues its successful track record of development in the Mid-Atlantic region and beyond. For more information, please visit www.pennrose.com.

About Bozzuto Homes
Bozzuto Homes is part of The Bozzuto Group of companies. Headquartered in the Washington, D.C. area, and celebrating its 25th year in business, The Bozzuto Group is a diversified residential real estate company that provides a broad range of real estate services throughout the Mid-Atlantic and Northeast. The company's areas of expertise lie in homebuilding and multifamily development, as well as construction and management both for themselves and their clients. Their skills have been attested to by the National Association of Home Builders, who recognized Bozzuto as the nation’s premier apartment development company, and twice as management company of the year.

Throughout The Bozzuto Group’s 25-year history, the company has developed, acquired and built more than 35,000 homes and apartments and currently manages nearly 40,000 apartment units spread along the Atlantic Coast between Northern Virginia and Boston. The company is committed to providing quality housing for individuals of all income levels, producing and managing everything from luxury homes and apartments to affordable housing solutions. For more information, please visit www.bozzuto.com.

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