Hunt Companies Inc

For more information contact:

Stephanie Sierra (915) 533-1122
Public Relations and Corporate Communication Manager
Hunt Development Group, LP

August 22, 2007

HUNT DEVELOPMENT GROUP, TITAN DEVELOPMENT AND WESTON AWARDED ESTIMATED $390 MILLION ENHANCED USE LEASE CONTRACT -
KIRTLAND AIR FORCE BASE – ALBUQUERQUE, NEW MEXICO

EL PASO, TEXAS – Kirtland Air Force Base of the Air Force Material Command along with Air Force Real Property Agency has chosen Kirtland Development Partners, LLC as the developer for the Kirtland Technology Park Enhanced Use Lease. Kirtland Development Partners, LLC is a partnership comprised of Hunt Development Group (Hunt) of El Paso, Texas, Titan Development (Titan) of Albuquerque, New Mexico, and Weston Solutions, Inc. (WESTON®) of West Chester, PA.

The estimated $390 million project involves the long term ground lease of 92 acres of land on Gibson Boulevard at Kirtland AFB. The proposed development includes a diverse mix of Class A office, technology and research space, retail, hotel, medical office, and senior continuum care facilities. The development plan complements the activity at Kirtland AFB, the adjacent (future) New Mexico Tech facility, and VA hospital. Additional features include a significant amount of green space in a park-like campus setting with water features, well-lit parking, and pedestrian pathways for interconnectivity between on-base and off-base facilities.

Hunt, Titan and WESTON are supported with development and asset management by Flintridge Partners of Irvine, CA and design team Dekker/Perich/Sabatini, an Albuquerque-based architecture firm, local construction partner, Reid and Associates, and engineering firms Bridgers & Paxton and Bohannan and Huston. Hunt, Titan, WESTON, and Flintridge collectively have extensive privatization and military construction experience with the Air Force as well as other Department of Defense EUL developments, and local commercial development and construction. The supporting engineers and architects also have extensive experience with local commercial construction and have provided services to Kirtland Air Force Base. Kirtland Development Partners will leverage the experience of locally-based Córdova Public Relations to facilitate community relations for the project.

About Hunt
Hunt Development Group, LP is an affiliate of Hunt Building Corporation. Founded in 1947, Hunt Building Corporation and its affiliated companies provide a full range of development, design, construction, investment, and asset/property management services across the country. The companies have been headquartered in El Paso and operated by the Hunt family for four generations. Other Hunt affiliated companies are Hunt Building Company, Hunt Communities, HBC Property Managers, Hunt NR, and Hunt Administrative Services.

Hunt is well established in Albuquerque, recently completing the construction of both the privatized family housing at Kirtland AFB and ABQ Uptown, the first phase of a multi-use development, and currently serves on the board of the Kirtland Partnership Committee that coordinates the interest of local businesses with the needs of the base. In addition, Hunt recently opened a regional office in downtown Albuquerque.

About Titan
Titan is one of New Mexico’s largest and most active, vertically integrated real estate developers, offering development and construction services for office, industrial, and retail buildings. Titan’s local contacts with city and state officials, subcontractors, architects and financing institutions, give Titan a strong competitive advantage in delivering projects on time and within budget to our customers.

Titan is a full service development company, providing all necessary services to transform raw land into an operational facility. Titan’s strategic alliance with Reid & Associates, LLC design builders provides the only true turnkey development and construction team in New Mexico. Through the design build process, a project’s costs are determined in the preliminary design stage and the result is a project with very tight cost control and high quality within a compacted construction schedule.

About WESTON
Weston Solutions, Inc. is a leading environmental remediation, construction and redevelopment firm providing integrated solutions that create economic value for industry and government clients worldwide. WESTON’s Integrated Redevelopment and Infrastructure Solutions (IRIS) program works with project stakeholders to deliver sustainable revitalization solutions for underperforming assets and brownfields – bringing facilities, land and other resources compromised by the effects of past contamination or obsolescence back into the profitable fold of the nation’s communities. The company works at local, national and international levels employing in excess of 1,900 people throughout North America, and southern and far eastern Asia.

Under its property redevelopment program, WESTON actively participates as an equity investor and/or equity contractor and developer in the remediation and redevelopment of environmentally challenged properties. Additionally, WESTON’s Real Estate Solutions group is recognized as a leader in the DoD Enhanced Use Leasing industry, as well as the Early Transfer and Real Property/Milcon Exchange Programs.

WESTON currently supports both the DoD and DoE in New Mexico through its Albuquerque and Denver offices.

For more information on Hunt Development Corporation, Titan Industrial Development, and Weston Solutions, visit their websites at www.huntcompanies.com, www.titan-development.com, and www.westonsolutions.com.