Mackintosh on the Lake Looks Back on Award-winning Year

RALEIGH, N.C. February 8, 2007—Mackintosh on the Lake, a Wakefield Development Company master-planned community, announced that sales continued to climb in 2006. Recent figures show year-end sales of 93 homes, totaling $27,674,914 for the year.

“Mackintosh on the Lake is an innovative and impressive community in the area,” said Edsel Charles, president of MarketGraphics, a research firm based in Brentwood, Tennessee, that follows real estate trends in North Carolina and 15 other states. “At a time when other home sales are starting to stagnate, Mackintosh is continuing to grow. They are truly doing it right,” Charles said of the community. Mr. Charles recently presented his quarterly report for the eight county Triad region.

Earlier in 2006, Mackintosh was awarded four STARS awards at the 21st Century Building Expo & Conference held in Charlotte, N.C. Mackintosh on the Lake is a 612-acre community located in Burlington, N.C. The community plans to have approximately 1,700 homes and boasts 2.5 miles of protected waterfront on Lake Mackintosh.

“Mackintosh homeowners realize what an amazing value they are getting for their investment,” said Polly Jenkins, Senior Director of Marketing for Wakefield Development Company. “In this competitive real estate environment, we are proud to be growing at this rate.”

Included in Mackintosh on the Lake’s $55 per month homeowners association fees are more than 80 acres of open space, access to a brand new 7,000 square foot clubhouse, the first community dog park in Alamance County, a private 10-acre lake, walking and fitness trails that inspire healthy living, tennis and basketball courts, sand volleyball, fire pit and amphitheatre, picnic areas and a playgrounds.

For more information, please contact the Mackintosh on the Lake Discovery Center by calling
(336) 524-9449 or toll-free at (866) MAC-3900, or visit the website at www.lakemackintosh.com.
 
About Mackintosh on the Lake
Centrally located between the Triad and Triangle areas in North Carolina, Mackintosh on the Lake is an exclusive master-planned community taking shape on 612 acres of rolling hills, open meadows, stream-fed ponds and groves of hardwoods in Burlington. The lakeside community features an assortment of homes nestled on the shoreline of the beautiful 1,100-acre Lake Mackintosh and has preserved 2.5 miles of protected waterfront exposure. The community has a wide variety of homestyles to fit just about every family’s lifestyle, from townhomes priced in the $160s to mid-sized single-family homes and luxury custom estates ranging from the $150s to $1 million. For more information on Mackintosh on the Lake, please call (336) 524-9449, call toll-free at (866) MAC-3900 or visit their website at 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 homesites 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 & River Club. For more information call (919) 556-4310.