DOUGLASVILLE, Ga.(Apr. 6, 2001) - Chapel Hills, Douglasville's premier golf and country club community today announced the opening of Stewarts Creek, a new neighborhood within the master-planned community.

Located on a beautifully wooded and scenic site traversed by a natural greenbelt formed by Annawakee Creek, Stewarts Creek will include its own recreation center and a total of 143 homes with pre-grand opening prices from the $270s. The homes in Stewarts Creek are being built by Haven Properties, one of Atlanta's most respected home builders.

Homes at Stewarts Creek will feature architecture that blends neo-traditional and natural elements such as brick, shake and ceramic; all brick chimneys; and hinged shutters. Home interiors will include designer upgrades as standard, including Corian counters, GE ® appliances, and interior crown molding.

The first phase of new homes at Stewarts Creek is currently under development, and is scheduled to be completed in July of this year. In addition, a decorated Model Home will open in mid summer.

The remarkable terrain of Stewarts Creek is one of the most compelling features of the neighborhood. Traversed by Annewakee Creek, the neighborhood has a natural, undisturbed greenbelt. In addition, the land plan for the neighborhood has been carefully designed to offer numerous family-friendly cul-de-sacs, as well as a neighborhood recreation center that includes a swimming pool, two lit tennis courts, half-court basketball, and a children's playground. Construction is already underway, with the children's playground completed and the swim and tennis center scheduled to open this summer.

Kevin O'Neill, project manager for Chapel Hills, reports homes are already under contract. "The overwhelming response to Stewarts Creek has been driven by the beauty of the property and the extraordinary style of the Haven Properties' homes. Many of the homes will have phenomenal views and private backyards. This unique combination creates a great opportunity for today's homebuyers, and we anticipate the demand for Stewarts Creek will only grow stronger as the inventory homes approach completion."

As part of Chapel Hills Golf & Country Club, Stewarts Creek residents will enjoy Chapel Hills' 18-hole championship golf course, along with a host of other recreational amenities, including a 60-acre nature preserve, picnic areas, lake, greenbelts, three swim and tennis clubs, and over four miles of paved walking paths. Chapel Hills Golf & Country Club is developed by Newland Communities, one of the nation's leading developers of master-planned communities.

"We are excited about being associated with such an impressive and family-oriented community as Chapel Hills," explained Mike Baptist, President of Haven Properties. "And Stewarts Creek is the perfect neighborhood to build in with its scenic views and rolling hills."

Located in Douglasville just off Interstate 20, Stewarts Creek at Chapel Hills offers one of Atlanta's most convenient locations, just 30 minutes from downtown and 30 minutes from Hartsfield International Airport. Plus, Chapel Hills is just six minutes from the new Arbor Place Mall.

Bob Romano, Vice President of Northside Realty/Builder Developer Services, oversees the sales at Chapel Hills and confirms that location has always been the dominant reason for Chapel Hills' success. "Douglasville is the new choice for people who want to trade the freeways for the fairways," reports Romano. "With the demands of today's lifestyles, convenience is a top priority, and no other golf and country club community offers a shorter commute to downtown and the airport. Another strong reason home buyers have been considering Stewarts Creek is the amount of home that can be purchased for the money; the square footage and larger homesites are unbeatable in this price range."

Stewarts Creek is one of six actively selling neighborhoods within the established community of Chapel Hills. For more information on Stewarts Creek or other Chapel Hills neighborhoods, please contact the Chapel Hills Information Center at 770-920-8731 or visit the web site at www.chapel-hills.com. Chapel Hills marketing is conducted by the professionals of Northside Realty/Builder Developer Services.

Newland Communities is a respected national developer of award-winning master-planned communities with 30 years of experience nationwide. Newland is currently managing 48 land development projects in nine states including Florida, Georgia, North Carolina, South Carolina, Texas, California, Oregon, Washington, and Minnesota. Twenty-seven projects were acquired in June 2000 by a partnership of Newland Communities and Institutional Housing Partner (IHP), which are co-developers and managers of all the acquired properties.

Founded in 1991, IHP is the nation's leading investment manager in the homebuilding and land development investment arena. With offices in Irvine, San Francisco and Dallas, IHP currently has over $500 million of capital under management and has investments in over 50 active projects accounting for over 20,000 residential units. Information on Newland can be found on the company's web site at www.newlandcommunities.com.