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Press Release

Las Vegas master plans continue Top 10 reign: Mountain's Edge and Providence remain among country's fastest-selling communities

Two Southern Nevada master planned communities being developed by Las Vegas-based Focus Property Group continue to be desired places for buyers to call home. Mountain’s Edge and Providence are still among the top 10 fastest-selling master plans in the United States, according to annual surveys of net sales by two leading real estate industry research and consulting firms, John Burns Real Estate Consulting, LLC, and RCLCO.

Mountain’s Edge, a 3,500-acre master planned community in southwest Las Vegas, was the fourth fastest-selling master plan in the country in 2013 with 841 net sales. Providence, a 1,200-acre master plan in northwest Las Vegas, was the seventh with 726 net sales last year.

“Two master-planned communities in the top 20 list is an amazing accomplishment,” said Kenneth S. Perlman, senior vice president of consulting for John Burns Real Estate Consulting, an independent research provider and consulting firm focused on the housing industry that publishes an annual Top 20 Master Planned Communities list. “John Ritter and the Focus Property Group team have worked diligently to make the Mountain’s Edge and Providence master plans successful, in spite of the many challenges the Las Vegas market has faced in recent years.”

Mountain’s Edge and Providence are the only Nevada communities in the national top 10, and are the state’s top sellers. Both have consistently been new home sales leaders, nationally and locally, since they began selling homes in 2004 and 2006, respectively.

The complete surveys are located at: http://www.realestateconsulting.com/images/JBREC-2013Top20MPC.pdf
and http://www.rclco.com/advisory-top-selling-mpc-2013?utm_source=January+8%2C+2014+-+Top-Selling+MPCs+of+2013&utm;_campaign=Advisory-RCLCO-2013-Top-MPC-2014-01-08&utm;_medium=email

“Our team continues to be thankful for the recognition homebuyers have shown in the lifestyle and community design we’ve created for them at Mountain’s Edge and Providence,” said John Ritter, chief executive officer of Focus Property Group. “Buyers are even more appreciative now that they can afford a new home in an established community with mature landscaping along its streets and wide sidewalks, as well as numerous parks and trails, schools and other amenities. This is in addition to many floor plan and pricing options offered by our builders, and nearby employment, schools, shopping and freeway access. Mountain’s Edge and Providence really are ideal for people whether they are starting a family or getting ready to retire.”

Mountain’s Edge has sold more than 10,000 homes. Upon build out, it will be home to approximately 12,500 units of residential development in more than 60 single and multi-family subdivisions. Other recent community milestones include the beginning of construction of the first phase of the 200-acre Mountain’s Edge Regional Park being developed by Clark County. The community already has the 80-acre Exploration Park with 2,846-foot-tall Exploration Peak and neighborhood Nathaniel Jones Park.

Providence has sold more than 4,000 homes. Upon build out, it will have about 7,500 single and multi-family units in 39 subdivisions. The master plan recently broke ground on Huckleberry Park, the first phase of which will open later this year. This is the community’s third park, joining The Promenade and Knickerbocker Park.

About Focus Property Group
Focus Property Group specializes in acquiring vacant land throughout the southwest region of the country and creating successful communities. The Las Vegas-based company has developed projects totaling more than 10,000 acres in Las Vegas, including the fast-selling Mountain’s Edge and Providence master planned communities – among the country’s top 10, and throughout the Southwest, and has been involved in transactions exceeding $6 billion since its inception. For information, visit www.focuspropertygroup.com.

About Mountain’s Edge
Mountain’s Edge is a 3,500-acre master planned community in southwest Las Vegas that celebrates the rich history and natural beauty of the area. Developed by Focus Property Group, it has consistently ranked among the country’s top 10 – now at No. 4 – fastest-selling master planned communities and is Nevada’s best seller. Mountain’s Edge is recognized for close proximity to the Red Rock National Conservation Area, major employment and Las Vegas Strip entertainment offerings; a wealth of floor plans and single and multi-family subdivisions from top builders; parks, trails and open spaces; and public facilities and schools. A series of paseos wind through the community, connecting residents and their neighborhoods to recreation areas. These include Nathaniel Jones Park and the 80-acre Exploration Park with volleyball courts, horseshoe pits, picnic areas, amphitheater, playgrounds and the 2,846-foot-tall Exploration Peak. Mountain’s Edge is located at 9725 S. Buffalo Drive (corner of Buffalo and Blue Diamond Rd.). For information, call 702/898-5777 or visit www.mountainsedge.com.

About Providence
Developed by Focus Property Group, Providence is among the top 10 – now at No. 7 – fastest-selling master planned communities in the country and No. 2 in Nevada. The master plan’s spirit is rooted in the traditions of small town America where neighborhoods bring people together in common goals and common interests. Wide tree-lined boulevards frame the 1,200-acre community, which will house 7,500 single and multi-family units upon build-out. Providence features miles of trail systems, and parks including The Promenade Park, Knickerbocker Park with spectacular views of the entire Las Vegas Valley, and Huckleberry Park which recently broke ground. The northwest Las Vegas community is minutes from schools, shopping, dining and I-215 and U.S. 95 access; and close to Nellis and Creech Air Force bases. It is located at 7181 N. Hualapai Way, Ste. 150, north of the I-215 North Beltway and Hualapai. For information, visit www.providencelv.com or call (702) 433-5084.


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