The Myers Group Performance 1995-2004

Myers Communities (1995-2000)
	During this six-year period 12 land parcels were acquired. Seven tracts were developed into affordable housing subdivisions; five tracts, acquired for $2.825 million have been sold to site-builders for over $11 million. The average holding period was 4.8 years. The average ANNUAL PROPERTY APPRECIATION was 81%. During this period Michael Myers entered into the affordable housing business and through Myers Development Corporation obtained entitlements for 1,917 lots for 12 properties, located in Oregon, California, Arizona, and Texas. In 2000 one of Mr. Myers' subdivisions, Twin Peaks Estates, won Best New MH subdivision in the United States. In 2001, Mr. Myers was awarded National Developer of the Year. Although building affordable housing subdivisions and selling both lots and homes was filling a need for many homebuyers, it did not prove to be profitable. Mr. Myers exited this market niche in mid 2002.
The Myers Group (2001-2004)
	During this four year period, TMG has acquired 19 land parcels. Four parcels acquired for a total of $3,750,000 were sold for $19,299,700, with an average holding time of 13 months. The average ANNUAL PROPERTY APPRECIATION was 515%.