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Cielo Falls Launches Reservation Program for Phase 1 Release

Luxury Log Home Community now taking reservations for first release of homesites

Cpmplimentary $15,000 Luxury Lifestyle PackageBlue Ridge Parkway, NC - August 20, 2007 - Cielo Falls today announces the launch of their exclusive Priority Reservation Program for the release of their first phase of homesites. This limited collection of homesites will include distinctive amenities and some of the most striking views in the development. Through the reservation program, interested buyers can reserve their place in a series of selection events later this year, while learning more about the community. Reservation holders purchasing in this initial section will also receive an additional $15,000 Luxury Lifestyle Package as a special bonus to use toward customizing their new mountain home.

Cielo Falls is a luxury log home community set on 1,100 acres of Blue Ridge Mountain real estate in North Carolina. Just 1.2 miles from the Blue Ridge Parkway, the private gated, master-planned community is minutes from Boone, Blowing Rock and West Jefferson. The development will consist of approximately 250 residences, exclusively designed for Cielo Falls by Heritage Log Homes. The homes feature traditional log & timber construction, gourmet kitchens, high-speed internet and cable and networked security/fire alarm systems.

The centerpiece of the community will be a grand 30,000 sq. ft. rustic lodge featuring a massive great room, catering kitchen for events, business center and library, fitness facilities, game room, racquet ball court, two tennis courts, a basketball court, media room, an incredible heated indoor pool with a huge hot tub and expansive terraces with unbelievable vistas. Throughout the property, more than nine miles of low-impact trails, rustic gazebos, play areas, four more intimate outdoor pool facilities and pavilions will provide fun for the whole family.

Dedicated to green building, the developers have set aside more than 650 acres for natural preserve, much of that along the community's six miles of pristine trout streams. The homes boast higher energy-efficiency ratings than wood or brick construction, and each comes standard with a rainwater preservation system to capture, purify and store rainwater for household usage.

Due to the highly-anticipated demand for this property, the first release of homesites will only be available through a Priority Reservation Program. With a fully-refundable deposit, those interested in purchasing at Cielo Falls can reserve a place in the first-come, first-served selection process. Reservation holders will have the opportunity to select their lot onsite during a series of selection event weekends this fall.

"The Reservation Program offers potential customers the best of both worlds," explained Bill McDonald, Director of Sales for Cielo Falls. "The reservation gives early-adopters their pick from the best lots at predevelopment prices, while still giving them time to learn more about the community and their purchasing options. Plus, they'll receive an additional $15,000 to use for architectural options, landscaping or custom upgrades."

Mark Yates, VP of Development for USP Development expands, "There's never been a better time to become a part of this extraordinary community. We're breaking ground on four model homes this month, and I'm confident that anyone who visits the property will leave convinced that Cielo Falls will be the premier luxury log home community anywhere in the Blue Ridge."

Homesites at Cielo Falls begin in the $180's, and home/land packages are available from the $800's. For more information on Cielo Falls and the Priority Reservation Program, please visit www.cielofalls.com or call 866.99.CIELO.

About USP Development
USP Development LLC is an investment and development company with primary concentration on investment-grade real estate assets in premier markets throughout the Eastern United States.  For nearly twenty years, USP Development LLC has created long-term value by carefully evaluating, securing and enhancing key real estate assets in a variety of categories.  With a portfolio of residential and commercial developments, apartments, office buildings, mixed-use, and luxury hotel properties representing more than $400 million in real estate value, USP Development LLC is widely known for its analytical approach to investment and its unique ability to deliver a world-class customer experience