News

MATRIX DEVELOPMENT GROUP ANNOUNCES THE BEGINNING OF
PRECONSTRUCTION SALES AT 198-UNIT WYNGATE TOWNHOMES
IN PHILADELPHIA SUBURBS

Montgomery County Gated Community Will Feature
Over 34 Acres of Permanently Protected Open Space

CHELTENHAM TOWNSHIP, PA (November 2, 2007) – Matrix Development Group, the Cranbury, N.J.-based real estate investment and development company, has announced the beginning of preconstruction sales at Wyngate Townhomes, a planned 198-unit gated community on Limekiln Pike just 20 minutes from Center City Philadelphia. Pre-construction prices are between $239,900 and $299,900 at the pastoral Montgomery County property, which features over 34 acres of permanent deed-restricted open space.

The newest community of Matrix Residential, the company’s residential subsidiary, will hold a grand opening for its sales center on Saturday from 11 a.m. to 5 p.m. Sales center staff will provide visitors with an opportunity to review floorplans and townhome options as well as a community overview.

Wyngate will provide a variety of innovatively designed townhomes with flexible floorplans for two and three bedrooms. The standard home consists of two and one half baths and dramatic nine-foot ceilings on the first floor. Master suites include a spacious closet and bathroom ensuites. All homes also include an attached garage.

Wyngate offers several options and custom features that change the configuration of the townhouse enabling the buyer to make the home suit their needs. Options include first floor sunrooms with skylights and dual master suites on the second floor. A third level loft is also available.

Cheltenham is on the northwest border of Philadelphia, just 20 minutes from Center City. The community also provides quick access to the Pennsylvania Turnpike. Cheltenham Township and Montgomery County offer an abundance of restaurants, shopping, parks and recreational areas and community centers. The township also has a wide range of professional and business-oriented activities.

Following Saturday’s grand opening, the sales center will be open Thursday through Tuesday, 11a.m. to 5 p.m. For sales center directions or more information, please visit www.WyngateTownhomes.com or call (215) 884-1616.

About Matrix Development Group

Matrix Development Group is a privately held, full-service real estate investment and development company with offices in New Jersey and Pennsylvania. The Company is active in the commercial, industrial, urban, residential, golf and hospitality markets throughout the Northeast and mid-Atlantic regions. Since its founding in 1979, the Company has developed real estate valued in excess of $1 billion and has been recognized for its leadership by numerous charitable, community and real estate organizations.

For more information on Matrix Development Group, please contact the Company’s Cranbury, New Jersey office at 732.521.2900 or visit www.matrixcompanies.com.

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Montgomery County Gated Community Will Feature
Over 34 Acres of Permanently Protected Open Space

CHELTENHAM TOWNSHIP, PA (November 2, 2007) – Matrix Development Group, the Cranbury, N.J.-based real estate investment and development company, has announced the beginning of preconstruction sales at Wyngate Townhomes, a planned 198-unit gated community on Limekiln Pike just 20 minutes from Center City Philadelphia. Pre-construction prices are between $239,900 and $299,900 at the pastoral Montgomery County property, which features over 34 acres of permanent deed-restricted open space.

The newest community of Matrix Residential, the company’s residential subsidiary, will hold a grand opening for its sales center on Saturday from 11 a.m. to 5 p.m. Sales center staff will provide visitors with an opportunity to review floorplans and townhome options as well as a community overview.

Wyngate will provide a variety of innovatively designed townhomes with flexible floorplans for two and three bedrooms. The standard home consists of two and one half baths and dramatic nine-foot ceilings on the first floor. Master suites include a spacious closet and bathroom ensuites. All homes also include an attached garage.

Wyngate offers several options and custom features that change the configuration of the townhouse enabling the buyer to make the home suit their needs. Options include first floor sunrooms with skylights and dual master suites on the second floor. A third level loft is also available.

Cheltenham is on the northwest border of Philadelphia, just 20 minutes from Center City. The community also provides quick access to the Pennsylvania Turnpike. Cheltenham Township and Montgomery County offer an abundance of restaurants, shopping, parks and recreational areas and community centers. The township also has a wide range of professional and business-oriented activities.

Following Saturday’s grand opening, the sales center will be open Thursday through Tuesday, 11a.m. to 5 p.m. For sales center directions or more information, please visit www.WyngateTownhomes.com or call (215) 884-1616.

About Matrix Development Group

Matrix Development Group is a privately held, full-service real estate investment and development company with offices in New Jersey and Pennsylvania. The Company is active in the commercial, industrial, urban, residential, golf and hospitality markets throughout the Northeast and mid-Atlantic regions. Since its founding in 1979, the Company has developed real estate valued in excess of $1 billion and has been recognized for its leadership by numerous charitable, community and real estate organizations.

For more information on Matrix Development Group, please contact the Company’s Cranbury, New Jersey office at 732.521.2900 or visit www.matrixcompanies.com.