CAMERATTA PROPERTIES, CARLYLE GROUP PARTNER TO COMPLETE TALLEST BUILDING IN SOUTHWEST FLORIDA

FORT MYERS, FL (December 2006) – Cameratta Properties L.P., a leading real estate developer, along with corporate venture capital giant, The Carlyle Group, have completed Phase I of High Point Place waterfront towers in The River District of Fort Myers, Fl. The completed phase, including 32-stories and 105 sold-out units, is now regarded as the tallest high-rise in southwest Florida.

“High Point Place embodies the confidence of the people in the Fort Myers’ River District,” said Cameratta Properties’ CEO Joseph Cameratta. “The long standing partnership with The Carlyle Group has helped to make our collective vision in southwest Florida a reality.”

High Point Place is a 361-foot tall upscale living residence that has sparked a reinvestment in The River District of Fort Myers. The project features for its residents: a fully furnished, elite business conference room with computers, flat screen television and other business amenities; entertainment area; private elevator access; and state-of-the-art weight training complex with saunas.

In 2004, Cameratta Properties partnered with one of the largest private equity firm in world, The Carlyle Group, to form High Point Place, LP. Today, their shared dream has become a reality.

For more information on the completion of Phase I High Point Place or Cameratta Properties, please call 239-425-8662 or visit the Cameratta Web site at www.cameratta.com.

About Cameratta Properties

Cameratta Properties is a full-service, a leading real estate developer in the commercial and residential markets, headquartered in Cleveland, Ohio. With more than 26 years of experience, Cameratta has built and designed a variety of projects in an array of industries, including: residential developments, golf courses, retail plazas, shopping centers, hospitality and financial facilities. High Point Place and First Street Village in Fort Myers, Fla., are among some of the premier lifestyle communities Cameratta Properties is currently undertaking.

About The Carlyle Group

The Carlyle Group is one of the world’s largest private equity firms, with more than $44.3 billion under management. With 42 funds across four investment disciplines (buyouts, venture & growth capital, real estate and leveraged finance), Carlyle combines global vision with local insight, relying on a top-flight team of more than 350 investment professionals operating out of offices in 16 countries to uncover superior opportunities in North America, Europe, Asia and Australia.

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