February 16, 2005 - EAGLES NEST ANNOUNCES PARTNERSHIP WITH FIREROCK COUNTRY CLUB

FOUNTAIN HILLS, Ariz. (Feb. 16, 2005) – Eagles Nest, the 244 custom lot community located northeast of Scottsdale, Ariz., has announced an exclusive partnership with FireRock Country Club, Fountain Hills’ only private, gated country club community. With the purchase of a lot, Eagles Nest will now offer lot owners an elite FireRock Country Club membership, valued at $60,500.

The membership includes unlimited golf at FireRock’s par-72, championship golf course, as well as tennis, swimming, fitness, and social and dining privileges at the Club’s elegant, 29,000-square-foot clubhouse. Eagles Nest lot owners who purchase a new, full golf membership before May 31, 2005, will have locker fees and golf club storage fees waived through the end of 2005. Monthly Club dues will also be waived through December 31, 2005.

“The partnership is a great benefit for those who are considering buying a homesite at Eagles Nest,” said Steve Vargo, vice president of MCO Properties, the developer of Eagles Nest. “We wanted to provide a great opportunity to be a part of one of the Valley’s premier private country clubs.”

Located on 808 acres south of Shea Boulevard, FireRock Country Club is just nine miles east of the Loop 101 and two miles west of Beeline Highway 87. Sales of the custom homesites began in August 1999 and the response of those seeking an exclusive country club lifestyle in the secluded community of FireRock Country Club has been incredible.

To date, all of the 379 custom lots planned for the development have sold, making FireRock Country Club one of the most desirable locations in the Valley. For additional information, please call membership director Connie Mollet at 480-836-3435.

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.