Company Profile For WCI Communities, Inc.

WCI Communities, Inc. (WCI) is a homebuilding and real estate services company engaged in the design, construction and operation of leisure-oriented, master-planned communities. The Company’s principal business lines include single and multi-family (traditional) homebuilding, mid- and high-rise (tower) homebuilding, and real estate services. It also develops and operates amenity facilities, sell selected land parcels, and enter into real estate joint ventures, generally within its communities. As of December 31, 2008, WCI conducted development and homebuilding operations in Florida, New York, New Jersey, Connecticut, Massachusetts, Virginia and Maryland. In June 2009, the Company and approximately 130 of its wholly owned subsidiaries filed a plan of reorganization in the United States Bankruptcy Court for the District of Delaware. In September 2009, the Company announced that it has emerged from Chapter 11.

BRIEF: For the fiscal year ended 31 December 2008, WCI Communities, Inc.'s revenues decreased 41% to $556.1M. Net loss from continuing operations increased 58% to $936.8M. Revenues reflect a decline in income from the homebuilding segment and lower income from real estate services. Net loss reflects decreased gross margins, an increase in other cost of sales, a rise in interest expenses, net and presence of impairment of property & equipment.