TROON GOLF TO MANAGE OPERATIONS AT TWO NEW GREATER-PHOENIX PULTE/DEL WEBB COMMUNITIES

Posted on August 18, 2005

Company Expands Presence Southeast and Northwest of Phoenix City Center

Scottsdale, AZ - Troon Golf, the leader in upscale golf course management, development and marketing is pleased to announce that it will be managing golf operations at two new Pulte/Del Webb communities in the Phoenix area - Anthem at Merrill Ranch and Sun City Festival. Troon Golf has been involved with Pulte master planned communities since 2001, when they began managing operations at Anthem Country Club, Phoenix and Las Vegas.

Set on the northern end of the town of Buckeye, close to the White Tank Mountains, Sun City Festival will be an active adult community featuring state-of-the-art recreation centers, an expanded Arizona State University Lifelong Learning Academy and multi-faceted wellness programs. Sun City Festival is scheduled to include 7,200 homes and two 18-hole championship golf courses. The first course is designed by Schmidt/Curley, and is scheduled to open for play in early 2007. Additionally, a village center and several major recreational facilities, featuring numerous indoor and outdoor amenities, will be found within the community.

"We are thrilled to add Sun City Festival and Merrill Ranch to our existing portfolio of Pulte/Del Webb communities, which includes Anthem Country Club and Corte Bella Golf Club, and to offer THE TROON GOLF EXPERIENCE to residents and guests of these fine developments," stated Hud Hinton, president and COO, Troon Golf.

Anthem by Del Webb at Merrill Ranch is the first of its kind in Arizona - combining active adult living with family neighborhoods in one larger master-planned community. Anthem, located in Florence, AZ (Pinal County), will consist of approximately 9,100 homes in two distinct communities: Sun City Anthem, for active adults; and Anthem Parkside, which includes all-ages Del Webb and Pulte neighborhoods.

"Golf is a vital amenity in the Del Webb community lifestyle," said Jacque Petroulakis, Pulte Arizona Public Affairs. "Partnering with the world leader in luxury golf management allows us to maximize the great experience at both Festival and Merrill Ranch golf courses."

Anthem at Merrill Ranch will feature an 18-hole championship golf course designed by Gary Panks, which will include a clubhouse, driving range and café. The course is scheduled to be open for play in January 2007. The community will provide Sun City residents with their own 50,000 sq. ft. community center featuring indoor and outdoor resort style pools, bocce ball, lawn bowling and more. The Parkside neighborhood will feature a Big Splash Water Park, a catch and release fishing lake, a 43,000 sq. ft. community center with state of the art exercise facilities and a 32 ft. rock-climbing wall. Additionally, a park with playground facilities and a tennis complex will round out the resort-style amenities that will be offered to the community.

Headquartered in Scottsdale, Arizona, Troon Golf manages operations at more than 160 courses located in 27 states and 18 countries. Additionally, 31 Troon Golf facilities enjoy a Top 100 ranking by national or international publications. Troon Golf properties include The Peninsula Golf & Country Club, Millsboro, Del.; The Westin Turnberry Resort, Ayrshire, Scotland; Monarch Beach Golf Links, Dana Point, Calif.; Lake of Isles, North Stonington, Conn.; The Ridge at Castle Pines North, Castle Rock, Colo.; Palmilla Golf Club, Los Cabos, Mexico; and Bearwood Lakes Golf Club, Berkshire, England.

Pulte Homes, Inc., (NYSE: PHM), based in Bloomfield Hills, Mich., is a FORTUNE 200 company with operations in 47 markets and 27 states. In 2004, the company closed 38,612 domestic home sales and generated total revenues of $11.7 billion. During its 55-year history, the company has constructed more than 408,000 homes. In 2004, J.D. Power and Associates named Pulte the inaugural recipient of its Platinum Award for Excellence in Customer Service among America's leading homebuilders. J.D. Power ranked Pulte No. 1 in 14 markets, and among the top three in 23 of 25 markets surveyed. Under its Del Webb brand, Pulte is the nation's largest builder of active adult communities for people age 55 and better. Its DiVosta operation is nationally recognized for a trademarked building system that has delivered more than 25,000 "Built Solid"® homes in Florida since 1960. Pulte Mortgage LLC is a nationwide lender and offers Pulte customers a wide variety of loan products and superior customer service. Scottsdale, AZ - Troon Golf, the leader in upscale golf course management, development and marketing is pleased to announce that it will be managing golf operations at two new Pulte/Del Webb communities in the Phoenix area - Anthem at Merrill Ranch and Sun City Festival. Troon Golf has been involved with Pulte master planned communities since 2001, when they began managing operations at Anthem Country Club, Phoenix and Las Vegas.

Set on the northern end of the town of Buckeye, close to the White Tank Mountains, Sun City Festival will be an active adult community featuring state-of-the-art recreation centers, an expanded Arizona State University Lifelong Learning Academy and multi-faceted wellness programs. Sun City Festival is scheduled to include 7,200 homes and two 18-hole championship golf courses. The first course is designed by Schmidt/Curley, and is scheduled to open for play in early 2007. Additionally, a village center and several major recreational facilities, featuring numerous indoor and outdoor amenities, will be found within the community.

"We are thrilled to add Sun City Festival and Merrill Ranch to our existing portfolio of Pulte/Del Webb communities, which includes Anthem Country Club and Corte Bella Golf Club, and to offer THE TROON GOLF EXPERIENCE to residents and guests of these fine developments," stated Hud Hinton, president and COO, Troon Golf.

Anthem by Del Webb at Merrill Ranch is the first of its kind in Arizona - combining active adult living with family neighborhoods in one larger master-planned community. Anthem, located in Florence, AZ (Pinal County), will consist of approximately 9,100 homes in two distinct communities: Sun City Anthem, for active adults; and Anthem Parkside, which includes all-ages Del Webb and Pulte neighborhoods.

"Golf is a vital amenity in the Del Webb community lifestyle," said Jacque Petroulakis, Pulte Arizona Public Affairs. "Partnering with the world leader in luxury golf management allows us to maximize the great experience at both Festival and Merrill Ranch golf courses."

Anthem at Merrill Ranch will feature an 18-hole championship golf course designed by Gary Panks, which will include a clubhouse, driving range and café. The course is scheduled to be open for play in January 2007. The community will provide Sun City residents with their own 50,000 sq. ft. community center featuring indoor and outdoor resort style pools, bocce ball, lawn bowling and more. The Parkside neighborhood will feature a Big Splash Water Park, a catch and release fishing lake, a 43,000 sq. ft. community center with state of the art exercise facilities and a 32 ft. rock-climbing wall. Additionally, a park with playground facilities and a tennis complex will round out the resort-style amenities that will be offered to the community.

Headquartered in Scottsdale, Arizona, Troon Golf manages operations at more than 160 courses located in 27 states and 18 countries. Additionally, 31 Troon Golf facilities enjoy a Top 100 ranking by national or international publications. Troon Golf properties include The Peninsula Golf & Country Club, Millsboro, Del.; The Westin Turnberry Resort, Ayrshire, Scotland; Monarch Beach Golf Links, Dana Point, Calif.; Lake of Isles, North Stonington, Conn.; The Ridge at Castle Pines North, Castle Rock, Colo.; Palmilla Golf Club, Los Cabos, Mexico; and Bearwood Lakes Golf Club, Berkshire, England.

Pulte Homes, Inc., (NYSE: PHM), based in Bloomfield Hills, Mich., is a FORTUNE 200 company with operations in 47 markets and 27 states. In 2004, the company closed 38,612 domestic home sales and generated total revenues of $11.7 billion. During its 55-year history, the company has constructed more than 408,000 homes. In 2004, J.D. Power and Associates named Pulte the inaugural recipient of its Platinum Award for Excellence in Customer Service among America's leading homebuilders. J.D. Power ranked Pulte No. 1 in 14 markets, and among the top three in 23 of 25 markets surveyed. Under its Del Webb brand, Pulte is the nation's largest builder of active adult communities for people age 55 and better. Its DiVosta operation is nationally recognized for a trademarked building system that has delivered more than 25,000 "Built Solid"® homes in Florida since 1960. Pulte Mortgage LLC is a nationwide lender and offers Pulte customers a wide variety of loan products and superior customer service.
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