FOR IMMEDIATE RELEASE

September 2002
For More Information:
Nancy Tucker
The Rouse Company
Columbia, Maryland
410-992-6326
ntucker@therousecompany.comGRAND OPENING OF FAIRWOOD

MODEL HOME PARK TO BE HELD OCTOBER 12-13
Fairwood, Md., -- At 11:00 a.m. on Saturday, October 12th, officials of The Rouse Company and Prince George's County will join the principals of seven of the region's most prominent home building companies for an official ribbon cutting ceremony to mark the opening of the much-anticipated Model Home Park at the new community of Fairwood. As part of our weekend celebration, visitors will be treated to refreshments, music and fun-filled activities for children.
The Fairwood Model Home Park will be comprised of seven magnificently decorated single family model homes by Allan Homes, Goodier Builders, Mid-Atlantic Builders, Patriot Homes, Nu-Homes, Ryland Homes, and the Williamsburg Group.
Located just off Route 450 at Fairwood Parkway, near the intersection of Routes 193 and 450, the model homes will be open daily from 11 a.m to 6 p.m.
Formerly the Fairwood Turf Farm, located between Annapolis and Washington D.C., adjacent to Route 450 and U.S. 50, the community of Fairwood will encompass more than 1,000 picturesque acres that offer a variety of home styles, recreational amenities, and future retail and commercial components. In addition, the project will preserve the aesthetics of the existing woodlands, 7.5 miles of paths and park-like settings that are unique to the Fairwood property. Each new homeowner will become a member of the prestigious Sycamore Club at Fairwood, which will include access to exclusive recreational activities, a clubhouse, swimming, and tennis.
Headquartered in Columbia, Maryland, the Rouse Company was founded in 1939 and became a public company in 1956 (NYSE:RSE). A premier real estate development and management company, the Rouse Company, through its numerous affiliates, operates more than 175 properties encompassing office, retail, research and development, and industrial space in 22 states. The Company is also the developer of the planned communities of Columbia, Md., and Summerlin, just outside of Las Vegas and is proud to be the developer of the new and exciting community of Fairwood.