121 West Trade Street
27th Floor
Charlotte, NC 28202

FOR IMMEDIATE RELEASE

April 23, 2007

Fairwood Green, Glenn Dale (Prince George’s County), MD

Faison Announces Grand Opening of Fairwood Green

Bethesda, MD – April 23, 2007 - Faison’s Bethesda office is proud to announce the grand opening of Fairwood Green, a  14 acre, 125,000 sf  Community Center anchored by a 55,000 sf Safeway supermarket. Safeway enjoyed a successful store opening in December 2006 and will be joined by a 25,000 sf Gold’s Gym, expected to open May 1st. Opening soon is Sherwin-Williams, Verizon, WOW Café and Wingery, PNC Bank, Starbucks, and a Safeway gas pad along with a variety of high quality local tenants and 7,500 sf of office space.

Fairwood Green will serve as the commercial heart of Fairwood, an upscale, 1,100 acre master-planned community under development by Rouse, now General Growth Properties, LLC. Situated in an ideal location between Annapolis, MD and Washington, DC , Fairwood offers residents the convenience of close proximity to both major cities while retaining the charm of a well-manicured suburban escape. When completed, Fairwood will include 1,800 new homes along with a swim and tennis club, professional office buildings, and soccer fields. Fairwood Green has been well-received by the community and will provide much needed retail and dining options to this fast-growing area.

Faison Enterprises, Inc. is a privately-held development company with a diversified product portfolio that includes retail, commercial and residential project development, management and acquisitions services. With more than 45 years in the business and holdings of approximately $1 billion, including $600 million of new projects under development, the Charlotte NC based company manages and develops properties throughout the Mid-Atlantic and South and maintains regional offices in Bethesda MD, Washington D.C., Charlotte NC, Atlanta GA, and Orlando FL. For more information, visit www.faison.com

Contact:

# # #