Press Release Source: GH Capital, LLC

Montesoro Sells More Than $33 Million Dollars In Record One Day Sales Event
Monday July 2, 2007 2:31 pm ET

Buyers From Across The Country Purchase Homes and Homesites In California's New Desert Hideaway

BORREGO, Calif., July 2 /PRNewswire/ -- Montesoro, a 3,140-acre private residential community with a unique focus on health and well being, announced today that more than 52 homes and homesites totaling in excess of $33 million were sold in less than eight hours, defying the perceived slowdown in the housing market today.

Los Angeles-based GH Capital, LLC, a diversified real estate investment company with holdings throughout the United States and developer of Montesoro, is overwhelmed with the results from the two-day founders event at La Costa Resort & Spa in Carlsbad, Calif.

"My vision for Montesoro has been extremely well received not only in Southern California but around the country and I am thrilled with the outcome of our first sales event," says Gregory Perlman, Principal of GH Capital. "There is nothing in the desert comparable to this community which offers extensive wellness programming, a world-class golf course, and an abundant of outdoor activities for the whole family. There will never be another community like this in Southern California."

The Montesoro lifestyle was recreated at La Costa Resort & Spa for more than 50 founding members and 80 guests on June 29 and June 30. From indigenous Borrego birds to recreating the Ranch at Montesoro's spa and performance training facility to working with the Callaway Swing Analysis Machine, founders and their guests were able to live the Montesoro dream.

"Buyers were lined up early Saturday morning for a chance to purchase one of the limited number of homes and home sites that were made available," said Michael Freedman, Vice President of Sales for Montesoro. "We are blown away by the positive response from the buyers, which is a testament to the quality of the project, the strength of the vision, and the continuing popularity of Borrego as a destination. This is further proof that quality second-home communities are in extremely high demand. "

Ultimately, the community is slated to include over 800 new homes and custom homesites. Leveraging the desert terrain and the Spanish influences in California, Montesoro will reflect a rustic Spanish-style architecture with an old-world feel, including outdoor courtyards, rich wood accents and warm desert colors.

Montesoro is a private residential resort community with both amenity and golf memberships available. Amenity membership, which comes standard with every property, provides access to the Ranch at Montesoro, a destination spa and wellness complex set on over 7 acres in the heart of the community. The Amenity membership will also include access to the Outfitter's Post featuring guided road and mountain biking tours, hiking, horseback riding and a number of other outdoor activities. Owners will also have the option of purchasing a golf membership that offers access to the signature Tom Fazio-designed golf course and Golf Learning Center.

About Montesoro:

Montesoro is located on 3,140 acres just outside of Borrego, California, a quaint desert town in San Diego County. Less than two hours northeast of San Diego, Montesoro is the only private residential community with a dedicated destination spa and wellness center set in the heart of the Anza-Borrego state park. Members can enjoy a bounty of outdoor activities including an 18-hole Tom Fazio signature golf course, mountain biking, hiking, off-roading, jeep tours of the desert, horseback riding and stargazing. Surrounded by more than 600,000 acres of protected Anza-Borrego state park land and with spectacular views of the Borrego Valley and surrounding Santa Rosa and San Jacinto Mountains, Montesoro is currently offering two collections of homes and casitas as well as custom homesites of up to two acres. For more information call 1-866-879-3043 or visit .

Source: GH Capital, LLC