The Shelter Group: In the News

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FOR IMMEDIATE RELEASE
January 24, 2006

PARK VIEW AT MIRAMAR LANDING OPENS LEASING OFFICE
100 - Unit Affordable Senior Housing Community in Middle River Now Leasing

Baltimore, MD—The Shelter Group officially announced that on February 2, 2006 the leasing office will be open and accepting applications from qualified seniors for the 100 apartments in Park View at Miramar Landing, located at 705 Compass Road in the Middle River section of Baltimore County, Maryland. The community is expected to be ready to receive its first residents in May 2006. Miramar Landing encompasses the redevelopment of the former Villa Gardens Apartments into a new community consisting of Shelter’s Park View at Miramar Landing plus 584 townhouses and 156 single-family homes being built by Ryland Homes.

The Park View at Miramar Landing leasing office is located in the Ryland Homes leasing office on Byrd River Road, just off Middle River Road, and opens for the first time at 8 AM on February 2nd with a snow date of February 6th. Apartments can be reserved at that time by qualified seniors. According to Marilynn Duker, president of Shelter Development, “qualified seniors” are those 62 years of age or older and whose annual income from all sources is between $15,150 and $30,300 for a single person and between $17,310 and $34,620 for a couple. “There has been tremendous interest in this community, and we urge anyone who is interested in reserving an apartment to act quickly to ensure they can choose their favorite floor plan and location within the building,” added Duker. Those who are interested in an apartment should call 410/391-8375 prior to the leasing office opening on February 2nd.

Duker also praised the cooperation Shelter had received from the Baltimore County Executive’s office, the County Council, various County agencies, and the Maryland Department of Housing and Community Development. “This joint effort by Shelter and the government agencies involved has enabled us to meet the needs of elderly residents of eastern Baltimore County, ” commented Duker. “We at Shelter appreciate their enthusiasm and cooperation to make this community possible.” Shelter’s Park View communities are priced for those seniors who do not income-qualify for direct housing subsidies but can’t afford market-rate senior housing.

The four-storied, elevatored building will have a mix of one and two bedroom apartment homes. Rents will vary according to the resident’s income and are expected to range from $345 to $590 for a one bedroom and $680 for the two bedroom apartments

Apartments at Park View at Miramar Landing feature fully equipped kitchens, mini-blinds, spacious floor plans, enhanced safety features, smoke alarms, fire sprinklers and handicapped accessibility.

In addition to stunning, light-filled apartments, Miramar Landing will offer a unique set of community amenities including social and recreational activities, 24-hour emergency maintenance services, assistance with small home improvement projects, and a convenient location less than five minutes from White Marsh Mall with all its retail shops, restaurants, and services.

For the convenience of its residents, Miramar Landing will have a large community room with a warming kitchen for parties, activities and special events. Building access will be electronically controlled for additional security. Residents will have full use of the lending library, computer room, exercise center, TV lounge, and laundry room. Each floor will have convenient trash rooms.

Park View at Miramar Landing is designed specifically for and restricted to those 62 and older. The community’s features, amenities and the social and recreational programming are all designed to meet the lifestyle needs of seniors. In addition, Middle River Baptist Church will partner with Shelter to provide programs and activities open to all residents.

About Shelter
The Shelter Group is a national real estate development and property management company specializing in multi-family and senior living communities. From its founding in 1977, Shelter has grown into a top-ranked development and property management company. The firm’s portfolio contains a broad range of properties, including conventional multi-family real estate, independent and assisted living communities for seniors, and affordable housing for families and the elderly. During its 27-year history, Shelter has developed nearly $1 billion of real estate and is known for its ability to develop properties that meet the needs of each local market while meeting the goals of its investors. Its Park View brand has been nationally recognized as a model for affordable housing for active seniors. Shelter has Regional Offices in Baltimore, Dallas, and Atlanta with additional concentrations of properties in Florida, Texas, North Carolina, and New England.

For more information on The Shelter Group please visit www.TheShelterGroup.com.

For more information about Park View at Miramar Landing, call 410/391-8375.

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