JOINT VENTURE TO BRING MULTIFAMILY PROPERTY TO NATIONAL HARBOR IN D.C.

WASHINGTON, D.C. — The Peterson Companies and The Bozzuto Group have partnered to develop a multifamily community at National Harbor, a 300-acre, mixed-use development in Washington, D.C. Located at the intersection of American Way and Fleet Street, the property will offer approximately 35o residences and 25,000 square feet of street-level retail space. Community amenities will include a pool, a fitness center, a cyber cafe and billiards/gaming room, a media room and a Zen garden. Construction is expected to begin in fall 2011, with completion scheduled for 2013.