BEDFORD AT FALLS RIVER ANNOUNCES THAT DREES HOMES WILL BUILD IN SOCIETY HILL COLLECTION

Builder offering $12,000 Buyer Incentive Package

RALEIGH, N.C. - September 11, 2007 - Wakefield Development Company, North Carolina’s largest developer of residential communities, announced today that Drees Homes, one of the nation’s top 30 builders, is constructing homes in the Society Hill Collection of Bedford at Falls River. The builder is offering $10,000 in upgrades at the recently expanded design center as well as $2,000 in closing fees on the first three homes sold.

Drees Homes, named Builder of the Year two years in a row by the HBA of Raleigh-Wake County, has 25 new homesites available, six of which will feature basements on private wooded lots. Four inventory homes will be completed in early 2008.

Starting in the mid $300s, homebuyers can choose from nine adjustable floor plans, ranging from 2,300 to 3,900 square feet.

“Based on our tremendous success at Bedford at Falls River, we were disappointed to be completing our construction process in the Summit View Collection,” said Dave Hausfeld, Raleigh Division President of Drees Homes. “When the opportunity came up to build in Society Hill, we immediately jumped on it. We are very excited to be staying in such a wonderful community.”

“In recent years, North Carolina has led the nation in farming losses, with more than 6,000 farms and 300,000 acres of farmland closed since 2002,” said Theresa J. Nartea, Agribusiness & Marketing Specialist for the North Carolina Agricultural & Technical State University. “The Vollmer Family serves as a tangible and inspiring example to other small farms in NC, if not the nation, of how a traditional farm can stay on the land in the current social-economic transition that is taking place nationwide.”

For more information about the Society Hill Collection or Drees Homes, contact Jerry Stinson at 919.792.0222 or via email at jstinson@dreeshomes.com or visit www.bedfordtradition.com or www.DreesHomes.com

“Bedford at Falls River is incredibly proud to be the first master-planned community in the nation with a CSA,” said Dawn Forrest, Director of Marketing for Wakefield Development Company. “CSA allows the homeowners at Bedford access to fresh, healthy produce, but it brings them together at the social level as well. Customers can share cooking stories and recipes while collecting their weekly box, and their children learn that food doesn’t come from the supermarket, but from the earth,”

About Wakefield Development Company
Signature Communities. Ideal Opportunities.

Wakefield Development Company (WDC), the 2007 Raleigh-Wake County Home Builder’s Association Developer of the Year, is North Carolina’s largest developer of residential communities, with a portfolio including almost 18,000 homesites across the central and coastal regions of the state. WDC communities cater to six ideal lifestyle options, from lakefront property at Mackintosh on the Lake, neo-traditional living at Bedford at Falls River, and traditional communities at Edgewater and Twin Lakes to urban locations at Renaissance Park, country club living 12 Oaks, Eagle Ridge, and Wakefield Plantation, and coastal communities Kingfish Bay, San Rio Ocean & River Club, and Jubilation. For more information, call 1-866-223-1280, visit www.wakedev.com, or email info@wakedev.com.

Media Contact
Bana Miller
Littleton Advertising & Marketing
Phone: (919) 865-7267
bana@littletonadvertising.com