Cienda Partners And Investors Purchase All Remaining Assets of Santa Fe’s Las Campanas Community

FOR IMMEDIATE RELEASE—April 18, 2012—Santa Fe, New Mexico: Dallas-based Cienda Partners announces the purchase of all remaining assets of the Las Campanas residential community near Santa Fe, New Mexico, from its lender.

Other investors in the purchase include Howard Hawks, one of the original property owners, through Hawks Campanas, LLC; and La Fonda on the Plaza Board Chairman Jennifer Kimball.

The acquisition includes premier building sites, all the remaining residential undeveloped acreage that has been approved for up to 319 homes, a 45-acre commercial tract, several homes and 174 full equity golf memberships.

“Because this acquisition of Las Campanas is debt free, it offers property owners, club members and potential buyers in Las Campanas the stability we need,” said Phil George, Club at Las Campanas President. “Cienda’s partnership and its new investment will help to kick start growth for us and for Santa Fe.”

The acquisition coincides with the resolution of the complex water issues faced by the Las Campanas community, ensuring sufficient, self-sustaining, water for the future of the development.

“Las Campanas is a world class community in which we are happy to have helped solve a number of complicated issues by working with The Club at Las Campanas, the Water Cooperative Board, the Home Owners Association and the City and County,” said Alan Box, Partner. “We identified Las Campanas as an irreplaceable, one of a kind community in a city with a remarkably high quality of life as well as an improving real estate market.”

Currently the community includes over 700 homes. The Club at Las Campanas, member owned, employs over 250 people and is one of the County’s top five employers. Its two Jack Nicklaus-designed golf courses are considered cutting edge in the Southwest regarding water conservation. A recently installed state-of-the-art sprinkler system has reduced water consumption on the two golf courses by 30%. In addition, the golf courses utilize all of the community’s effluent water. All amenities at Las Campanas including the clubhouse, spa, tennis and equestrian facilities are member-owned, self-sustaining and financially stable.

About Cienda Partners: Cienda Partners is a Dallas-based real estate private equity group focused on real estate acquisitions and investments. Since its founding in 2004, Cienda has successfully invested in multiple real estate enterprises and mortgage-backed securities covering a variety of asset types, including land, master-planned communities, office and multi-family. Cienda Partners also owns other real estate in the Santa Fe area. For more information, visit the website: www.cienda.com

About Hawks Campanas, LLC: Hawks Campanas, LLC, is an Omaha, Nebraska-based company that invests in New Mexico real estate and is one of the Hawks family real estate holdings entities.

About Las Campanas: Las Campanas is a luxury, master-planned Club community of 4,700 acres 6 miles west of Santa Fe, N.M. founded in 1992. Las Campanas contains 17 exclusive neighborhoods—consisting of custom and semi-custom Pueblo-style residences with lock-and-leave convenience, crafted log-cabin homes, and pristine home sites. Membership in The Club at Las Campanas offers two Jack Nicklaus Signature golf courses, the Equestrian Center, Spa & Tennis Center, and the Clubhouse.