Tax Credits, Lower Prices Create Rare Opportunity At Alberhill Ranch

Thanks to reduced prices, low interest rates, and a potential $7,500 tax credit* for qualifying buyers, home shoppers who visit master-planned Alberhill Ranch this weekend will discover that now is their best opportunity to attain the lifestyle they truly deserve. Featuring a refreshing, friendly setting in the hills of Lake Elsinore, Alberhill Ranch offers an extraordinary array of private recreation facilities and a wide selection of home designs in five inviting neighborhoods. With such a rewarding lifestyle and the perfect new home now within reach, prospective buyers should act quickly to take advantage of these exceptional financial opportunities, as well as the incentive of an exclusive bonus that they’ll get to spend their way.

“Home buyers can be more particular in today’s economy, but with just one visit to Alberhill Ranch they’ll find everything they’re looking for,” said Tom Tomlinson, Senior Vice President of Alberhill Ranch. “Lower prices on a great selection of outstanding homes, our flexible buyer bonus, interest rates that remain low, and the exciting new tax credit for qualifying buyers all enhance the community’s already remarkable value for a uniquely rewarding lifestyle.”

A central element of the Alberhill Ranch master plan is the extensive selection of homes intended to satisfy every member of the household, a choice showcased in the community’s 17 fully decorated model homes currently on display. Interested shoppers can also get information on a number of other particularly enticing opportunities, including upgraded homes available for immediate move-ins. Depending on residence chosen, these upgraded homes include such amenities as granite kitchen countertops, upgraded cabinetry, and backyard landscaping. In addition, the four designer-furnished model homes at Saltillo have been released for sale.

Presented by Castle & Cooke, a renowned homebuilder and nationwide developer of master-planned communities, Alberhill Ranch is also selling at its other four neighborhoods of Capri, Saltillo, Capella and Sommerset. Prices start from the high $200,000s.

Capri offers three 2-story designs ranging from approximately 2,428 to 2,670 square feet with 3 to 4 bedrooms, 2.5 baths and 3-car tandem garages.

Saltillo features both single-level and 2-story residences that range from approximately 2,010 to 3,120 square feet and offer 3 to 5 bedrooms, 2 to 4 baths and 3-car garages.

The expansive 2-story homes at Capella encompass approximately 2,531 to 3,838 square feet and include 3 to 5 bedrooms, 2.5 to 4 baths and 3- and 4-car garages.

Sommerset features single-level and 2-story homes ranging from approximately 1,715 to 2,147 square feet with 3 to 4 bedrooms, 2.5 baths and 2- to 3-car tandem garages.

The great homes and exceptional value residents enjoy at Alberhill Ranch are complemented by a lifestyle offering a wealth of vibrant open spaces and exceptional recreation facilities. Parks include intimate Picnic Park and the expansive Alberhill Community Park with fields for soccer and other sports. Among the recreation amenities are Alberhill Ranch Clubhouse where residents can socialize with new friends, and the Swim Club where they can enjoy the Jr. Olympic pool, water play park, wading pool, barbecues and cabanas. Alberhill Ranch also features a facility of the Boys and Girls Club of Southwest County, and a new elementary school within the community is planned.

*For complete details on the tax credit program, home shoppers should consult with an Alberhill Ranch sales associate. Certain restrictions apply and not everyone will qualify.

Homebuyers at Alberhill Ranch are taking advantage of the many loan options available through Castle & Cooke Mortgage, a convenient service that helps simplify the home buying process, speed up loan approval, and most importantly, save buyers money on mortgage payments. As demand continues to grow, inquirers may visit the website for photos of Alberhill Ranch, additional regional information, and to register online for our immediate sales process information at www.alberhillranch.com.

Castle & Cooke has long been in the business of building homes and high-end residential communities, golf courses, country clubs, retail shopping centers, office and industrial parks, and spectacular vacation resorts.

Founded in Hawaii in 1851, Castle & Cooke’s decades of experience, combined with the ability to transform raw land into unique places where people and families want to live has proven to be a very successful business strategy.

Castle & Cooke’s goal is to provide quality and lasting value for every customer. Our approach is accomplished through a team of experienced development professionals and executive leadership focused on the details. We believe that executing this vision of creating homes with warmth and style will enhance the lives of our customers.

Today, the company’s long list of accomplishments includes master-planned residential communities in California, Arizona, Florida and Hawaii, including developments on the luxurious Island of Lana’i, and the exclusive Lake Sherwood in Southern California.

Encompassing more than 500 acres, Alberhill Ranch premiered in early 2004, reflecting the highest ideals of Castle & Cooke in the Temescal Valley’s City of Lake Elsinore. As it unfolded, the community created a milestone for residential quality, with the land that forms its foundation continuing to offer resources that have enhanced the region for decades.

The community’s vision has expanded by approximately 2,500 acres, establishing an enduring landmark for new home choice, value, quality and diversity. Over the coming years, Alberhill will be home to Alberhill Ranch, Alberhill Ridge and Alberhill Estates, offering people of all ages and life stages the privileges and assurance of a superb quality of life.

Guided by proven stewardship and enhanced by the resources that stand as the hallmark of Alberhill, this handsome new master-planned community will continue to unfold. From classic homes and carefree condominium living to view-oriented, gated estate homes, Alberhill will clearly demonstrate Castle & Cooke’s commitment to quality and value for its customers, both now and in the future. Alberhill Ranch is a master-planned community being developed by Castle & Cooke, LLC. A Homeowner’s Association, financially supported by all residents, will maintain common area landscaping, private parks and other common facilities. All future facilities and development plans are subject to change.

To visit Alberhill Ranch, travel the 15 Freeway to Lake Elsinore, exit Lake Street, and follow the signs to view Alberhill’s spectacular model homes. The Sales Offices and models are open daily from 10 a.m. to 5 p.m.

To qualify for Broker Co-Op, client’s agent/broker must accompany his/her client’s first visit to the Sales Office; conditions do apply.

Pricing and product availability are subject to change; contact a Sales Representative today for details.

For more information on Alberhill Ranch, please call 951-579-4497 or visit www.castlecooke.net.

FOR IMMEDIATE RELEASE: September 24, 2008
CONTACT: Kym Parsons/Hayes Martin Associates, Inc.
Kymp@hayesmartin.com - 949-417-1799

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