News Release
June 12, 2001

RESIDENTIAL REAL ESTATE VETERAN PROMOTED

Duluth, Ga. -- The residential real estate professional who led the development of Sugarloaf Country Club in Atlanta has been promoted. Ed Weinlein will serve Crescent Resources, LLC as senior vice president, it was announced by Tom Webb, Crescent senior vice president of residential real estate. His new responsibilities include overseeing all country club primary-home communities in the Atlanta region and all of Crescent’s expanding western operations.

"Ed’s contributions to Crescent’s success have been outstanding," said Webb. "His ability to develop first-class communities is evidenced by the unrivaled success of Sugarloaf in Gwinnett County, Ga., and the distinctiveness of Oldfield in Hilton Head."

Under Weinlein’s leadership, Crescent’s Sugarloaf Country Club has ranked as the Atlanta area’s top-selling luxury home community for three years in a row. The community is home to the prestigious Tournament Players Club (TPC) and Greg Norman-designed golf course. Weinlein was also instrumental in the conceptual planning for Oldfield, a 720-acre gated golf course community between Beaufort and Hilton Head Island, which features Lowcountry leisure living and a Greg Norman course on the Okatie River.

Weinlein has more than 20 years of experience in real estate management and previously worked for Mobil Land Development Corporation where he managed the development of the Windward and Horseshoe Bend residential communities in Atlanta.

Weinlein earned his undergraduate degree from the University of Notre Dame and his Masters of Business Administration from Rutgers University. He is a former officer in the United States Navy.

His professional and personal activities include membership in the Urban Land Institute, Atlanta Home Builder’s Association and the Notre Dame Alumni Association. He also served as executive vice president of the North Fulton Chamber of Commerce. He currently serves on the boards of directors for the Gwinnett Chamber of Commerce, the Council of Quality Growth and the American Cancer Society.

Crescent Resources, LLC is a land management and real estate development company based in Charlotte, N.C. Formed more than 30 years ago by Duke Energy, the company has land interests in eight states in the southeast and western United States. Crescent creates award-winning country club communities, neighborhoods, apartment and condominium communities, Class A office space, business and industrial parks and shopping centers.

Among the company’s country club communities are Ballantyne Country Club, The Peninsula and The Point in the Charlotte, N.C., area. Crescent has developed numerous neighborhoods on Lake Norman, Lake Wylie and Mountain Island Lake near Charlotte, on Lake Keowee in the South Carolina mountains near Clemson, and on Lake James in the North Carolina mountains near Morganton. The company is also involved in the country club communities of Chaparral Pines and The Rim in Payson, Ariz. In addition, Crescent has an interest in LandMar Group, developer of the communities LandMark and Grand Haven, among others. More information about Crescent Resources is available on the Internet at www.crescent-resources.com

Contact: Kathryn Blanchard
Phone: 704/376-3434
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Email: Kblanchard@crown-com.com
Contact: Tonja Jones
Phone: 704/376-3434
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