06/04/2007 Focus Development, Inc. closes on land in Jacksonville, Florida FOCUS DEVELOPMENT, INC. (FOCUS) closes on land in Jacksonville, Florida. Atlanta, Georgia – FOCUS announces its most recent land purchase in Jacksonville, Florida. Construction is scheduled to commence in Mid-August on the 168 unit luxury apartment community. The new community, Magnolia Village Apartments, will be situated at Atlantic Boulevard and Bartram Road in Duval County. The $19 million dollar project is being financed by Merrill Lynch. The gated community will include spacious one, two and three bedroom units and will feature a state of the art fitness center, a resort style swimming pool, an upgraded clubhouse with a business center and detached garages. FOCUS is an Atlanta-based Development and Construction company specializing in Multi-family new construction and acquisitions throughout the Southeast. For further information, please contact Kelley Turk at 404-816-6300. You may also visit www.apartmentsbyfocus.com for general information on all Focus communities. June 2007
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