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August 6, 2004 - EAGLES NEST ANNOUNCES SALES ASSOCIATES

FOUNTAIN HILLS, Ariz. (Aug. 06, 2004) – Eagles Nest, MCO Properties’ newest gated, custom homesite community, today announced its sales associates.

The Eagles Nest sales associates are: Jake Jacobson, Steve Morrison, Gary Glunz and Steve Coover.

Jake Jacobson brings more than 30 years of real estate experience to Eagles Nest. Jacobson was one of the top sales associates at FireRock Country Club in Fountain Hills. Prior to joining MCO, he was director of marketing and real estate sales for Desert Canyon Golf Resort in eastern Washington and also owned his own real estate company.

Steve Morrison, a 20-year real estate veteran, has held various real estate sales positions. Most recently, he was a sales associate at Superstition Mountain Golf and Country Club. Prior, Morrison was director of real estate at Tully’s Coffee Co. in Seattle, and was also sales associate with Colliers International.

Gary Glunz has been active in real estate in Fountain Hills for more than 15 years. An expert on custom lot sales, Glunz was one of the leading sales associates at FireRock and was named “MCO Realty Sales Person of the Year” seven times.

Steve Coover has more than 30 years’ experience as a Realtor and has been involved in many aspects of real estate, including custom lot sales and custom home construction. Prior to joining MCO, he owned a successful real estate brokerage company.

“Each sales associate brings a wealth of knowledge in the real estate sector and is dedicated to ensuring that all Eagles Nest customers are 100 percent satisfied,” said Steve Vargo, vice president of MCO Properties. “Eagles Nest is scheduled to open for sales in early 2005.”

ABOUT EAGLES NEST

Located in the foothills of the McDowell Mountains in Fountain Hills, Ariz., Eagles Nest spans more than 500 acres and features only 244 custom residential lots – each measuring one acre or more in size. For further information on Eagles Nest, please call (480) 837-1005 or visit www.eaglesnestliving.com. Custom homesites at Eagles Nest are priced from the $500,000s to $1.5 million. Sales by MCO Realty, Inc.