CityView Offers Builders More than Capital DALLAS, TX (March 21, 2007) – CityView, a national discretionary housing investor led by CityView Chairman and former HUD Secretary Henry Cisneros and CityView President and third-generation homebuilder Joel Shine, has increased its presence in the Dallas-Fort Worth area by adding staff members and moving into larger office space. This expansion comes on the heels of a recently CityView-financed project in the area - Turtle Creek by Prescott Realty in Dallas. Since its inception in 2003, CityView has become a leader in financing solutions for homebuilders nationwide with more than $575 million in equity and $2 billion in real estate capacity. It has financed the building of more than 6,000 homes nationwide. “CityView offers more than traditional capital. We offer our builder partners a flexible source of both debt and equity financing and a one-stop shop for expertise in the areas of land acquisition and entitlement, project insurance, design, government affairs, community outreach, and marketing,” said Cisneros. “Secondly, we are addressing a major problem in the housing industry – lack of affordable homes for working families.” The local CityView office is managed by Richie Butler, Senior Vice President and Southwest Regional Manager. “CityView is proud to establish a stronger presence in the Dallas/Fort Worth area,” said Butler. “The completion and opening of Turtle Creek is the end result of successful collaborative efforts between CityView and our builder partner. We look forward to developing new partnerships in the area.” CityView partnered with Prescott Realty to finance the redevelopment of five existing apartment complexes into 95 low-rise condominiums in the Oak Lawn-Turtle Creek area. Prescott Realty set out to provide the area with updated, modern units within short commutes of employers in the central core of Dallas. CityView’s new Dallas office is located at 1412 Main St., Suite 1900, Dallas, Texas 75202. For more information about CityView in the DFW area, contact Senior Vice President Richie L. Butler at 214-752-8660. CityView is a national discretionary housing investor with $2 billion of real estate capacity focused on creating the highest quality of housing for America’s working families. CityView makes workforce housing happen by offering a flexible source of combined debt and equity and by providing partner homebuilders with its “capital plus” strategy – a one-stop resource for land acquisition, entitlement support, governmental assistance, marketing, community outreach and project insurance. CityView has offices in Chicago, Dallas, San Antonio, and Santa Monica.
