ECI GROUP ANNOUNCES ITS FIRST FORAY INTO NORTH CAROLINA

The Columns at Broadstone, Apex, North Carolina 
Construction is underway and leasing will begin the first of February at The Columns at Broadstone, a columns-style 300-unit apartment community in Apex, NC.  Along with our outstanding floor plans, designer kitchens and private entries, this property will possess a resort style pool and entertainment area, cyber cafe and fitness center.  This community is ECI's first foray into North Carolina, having identified the Raleigh area as one in which we plan to grow.  The site is located near the intersection of NC-55 and US-1 in the Broadstone Station PUD.  Currently the development contains a Super Walmart and Cambridge Village Senior Living Center.  Broadstone is convenient to the Research Triangle, Raleigh's airport as well downtown.  The community will be developed ECI Capital, Inc., built by ECI Construction, Inc., financed through Wells Fargo Bank and will be managed by ECI Management Corp.