Bedford At Falls River Named Community Of The Year For The Third Year In A Row

Community in Contention for Gold Honors During The Nationals 2007 Awards Ceremony in February

RALEIGH, N.C., December 6, 2006 – The National Sales and Marketing Council (NSMC) has presented Raleigh-based Wakefield Development Company’s Bedford at Falls River with a Silver Award for one of the four best master-planned communities in the country. This is the third time Bedford at Falls River has received this honor.

Recognized for revitalizing the traditional neighborhood setting with a modern twist, Bedford at Falls River is competing with communities in New York and California for a 2007 National Gold Award. The winner will be announced on February 7 during a gala event as part of the International Builders’ Show in Orlando, FL.

Wakefield Development Company received several other honors from NSMC including two additional Silver awards. Bedford at Falls River was recognized in the Best Signage Category and Mackintosh on the Lake for Best Color Advertisement. Both communities are finalists for Gold awards in their categories.

“Wakefield Development Company is extremely honored to have Bedford at Falls River recognized as one of the best master-planned communities in the country for the third consecutive year,” said John Myers, President of Wakefield Development Company. “Bedford at Falls River and Mackintosh on the Lake are two of our premiere communities that support Wakefield Development Company’s dedication to providing homebuyers with a unique living experience and a high-quality product in a wide range of lifestyles and budgets.”

During a three-day judging process, a panel of industry professionals from across the country selected Regional, Silver and Gold award winners from nearly 1,400 entries.

Started in 1982 as the Institute of Residential Marketing (MIRM) Awards, The Nationals award program continues to recognize superior new home sales and marketing achievements. With 57 categories across various disciplines of the new home industry, the awards honor excellence in product and community design, advertising, marketing and sales achievements by individuals and sales teams.

For more information about Bedford at Falls River, please contact the sales office at (919)792-0100 or visit www.BedfordTradition.com. To learn more about Mackintosh on the Lake, please call toll-free (866) MAC-3900 or (336) 524-9449, or visit www.lakemackintosh.com.

About Wakefield Development Company
Signature Communities. Ideal Opportunities.

Wakefield Development Company is the Triangle’s largest developer of residential communities, with a portfolio that includes over 14,000 home sites throughout North Carolina. In addition to the 2004 and 2006 NCHBA Community of the Year Bedford at Falls River, the company has six other communities under development across the Raleigh-Wake County market, including Wakefield Plantation, Eagle Ridge, Edgewater and Twin Lakes. Wakefield is developing Mackintosh on the Lake in Burlington, and has begun construction on two new Triangle area communities, Renaissance Park and 12 Oaks. They also have begun work on two new Coastal Carolina communities, Kingfish Bay and San Rio Ocean and River Club. For more information, call (919) 556-4310, visit www.WakefieldNC.com.