REAL ESTATE NEWS

FOR IMMEDIATE RELEASE

Gilbert, AZ (February 18, 2009)— UTAZ™ Development announced today the Seller Carryback Program, a plan to help medical practitioners and small business owners reduce the amount required for the down payment in order to purchase office space. “The Seller Carryback is a plan whereby UTAZ™ will finance up to an additional five percent of the total project cost of new office space,” Craig Willett, UTAZ™ President and CEO revealed, “effectively reducing the down payment by half for an SBA Loan.”

Current SBA loan guidelines allow up to ninety percent financing for medical practices and small businesses. Couple that with the five percent carryback offered by UTAZ™, and the loan to value ratio totals ninety-five percent—a very favorable position for doctors and business owners with limited liquidity or a desire to leverage others’ money. This allows for business owners in these uncertain times to reduce the amount of capital they need to invest allowing them to keep more of their capital to weather the current economic times.

With yesterday’s approval of the stimulus package, all government SBA loan fees are now temporarily waived, making it more desirable for SBA lenders to provide financing. “The financing is available, rates are low, prices are great,” affirms Willett. “With only five percent down, there has been no better time to buy while holding onto more of your savings or capital.”

The Seller Carryback Program continues until April 30^th, 2009 and is available at 10 UTAZ Professional Village™ locations, including Gilbert, Chandler, Queen Creek (Pinal County), Sun Lakes, and Casa Grande. For more information call Kyle LeSueur at (480) 304-7477.

UTAZ™ Development Corporation is the creator of the “Professional Village” concept, uniquely designed to increase revenue to small businesses and medical practices that purchase offices in a Professional Village. Since 1997, UTAZ™ has developed more than 30 unique commercial office properties in the Valley. The Professional Village design elements combine visibility, prestige, exceptional locations, ample front door parking, and convenience to offer bottom-line success to small business owners, professionals, and medical practitioners.
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Banner Gateway Medical Center, near the Gateway Medical UTAZ™ Professional Village and Vista Quinta UTAZ™ Professional Village added 36 beds for a total of 176, according to the Phoenix Business Journal. See the full article at http://www.bizjournals.com/phoenix/stories/2009/01/12/daily38.html.

One of Gilbert’s most popular and successful OB/GYN offices has recently expanded to better serve patients in south Gilbert, south Chandler and Queen Creek.� Valley Women for Women, a full-service, all female OB/GYN practice has opened a new 10,000 square foot office in UTAZ™’s, � Mercy Point Medical Center Located at Val Vista Drive and Melrose Street just South of the San Tan 202 Freeway and the Mercy Gilbert Medical Center in Gilbert.

According to Dr. Mia Van Eken, who co-founded Valley Women for Women with Dr. Denise Belisle, more affordable space was available nearby but lacked the appeal of the single-level UTAZ™ layout. “We really place a premium on both comfort and convenience for our patients,” she said. “We didn’t want women who are expecting or visiting with small children to have to negotiate stairs or elevators.� In addition to its proximity to the hospital, we chose this building because it’s single-level and has plenty of parking right outside our entrance.”

“You can really tell this office was designed by women for women,” Van Eken said.� For a more relaxing ambience, halogen lighting is used in the reception area, and each of the four check-in desks is positioned to ensure privacy.� A curved wall with large flat-screen televisions give the space a more residential character, complemented by rich, wood paneling. The lobby’s restroom is outfitted with a changing table, and bathrooms are equipped with “pass throughs” so patients needn’t go outside with urine samples.

Beyond the reception area, each of the 18 exam rooms has been laid out so that the beds are pointed away from doors, another measure to respect patients’ privacy. � The ultra-sound room has a large-screen TV so the whole family can see and there’s a special “non stress testing” room outfitted with an oversized, leather reclining chair, flat-screen TV and low lighting to enhance relaxation.

In addition to co-founders Van Eken and Belisle, the staff includes four other doctors, five nurse practitioners and a physician’s assistant.� Services include prenatal care, delivery, postpartum care, in-office colposcopies, endometrial biopsies, LEEP procedure, Cryotherapy, Well Woman exams, med spa, in office lab services, 3/D and 4/D Ultrasound and more.

For more information, call 480-782-0993 or visit www.valleywomenforwomen.com

UTAZ™ Senior Vice President of Community Development & Business Affairs, Terri Tobey was interviewed by KFNN Radio. During the 10-minute on-air segment, she discussed UTAZ™ Development’s continued success, crediting founder Craig Willett’s vision and his unique “own for less than rent^sm” business model which helps business professionals build equity for retirement through ownership in a UTAZ Professional Village™.

On June 3, UTAZ™ Development broke ground on the Maricopa Grand UTAZ Professional Village™ on the northeast corner of Desert Greens Drive and Smith Enke Road. Additionally, the Gilbert-based commercial developer has been awarded (in a unanimous City Council vote) the contract to build an 8,000 square foot public library—the city’s first—on the site, which will include more than 60,000 square feet of office space in 16 buildings. Offices will vary in size from 1,500 to 8,000 square feet and are expected to be complete in 2009. “There are few buildings of greater, long-term civic value than a first-class library,” said UTAZ™ president and CEO. “We are very honored to be selected for this project and look forward to unveiling a beautiful and much needed new facility next year.” Marciopa Community Services Director Marty McDonald plans to devote an area of the new library to small business, providing educational materials to help owners and entrepreneurs navigate the complications of owning a business, which dovetails with UTAZ™ Development’s core mission: helping small business owners. “We have had great success developing a superior product that allows small business owners to enjoy beautiful office space while realizing the benefits of ownership,” Willett said.

Consistent with other UTAZ Professional Villages™ (there are 36 in all), the Maricopa Grand UTAZ Professional Village™ will feature high quality design, distinctive architecture, abundant front door parking and monument outdoor signage—all designed to increase aesthetics and, ultimately, revenues. The complex will be ideally located adjacent to the Rancho El Dorado master-planned community as well as several community golf courses. The surrounding area has 4,000 existing homes and plans for an additional 4,000 in the near future.

On Thursday, May 22, UTAZ™ Development broke ground on the Mountainwood UTAZ Professional Village™ on the southeast corner of 164th and Riggs Road in Gilbert. This marks the company’s 20th project in or adjacent to Gilbert, and brings to just over 1.7 million the square footage UTAZ™ has developed thus far.

The Mountainwood UTAZ Professional Village™ will offer more than 47,000 square feet of office space, ranging in size from 2,000 to 9,000 square feet. The village will have 9 buildings featuring six architectural styles.

Consistent with other UTAZ™ professional villages, Mountainwood will enjoy a dynamic location in an area expected to double in population by 2011. Adjacent to the new Adora Trails master-planned community and the upcoming Greer Towne Center, the Mountainwood UTAZ Professional Village™ is also near established communities including Trilogy and Seville, a number of schools, and 10 minutes from the Mercy Gilbert Hospital. “We are thrilled to be developing our 20th project in the city we call home,” said UTAZ™ president and CEO Craig Willett. (Founded in 2002, UTAZ™ is headquartered in Gilbert.) “We are confident that this highly visible, accessible location in such a growing part of Gilbert will do nothing but help the medical practitioners and small business owners we serve strengthen their bottom line.”

Moutainwood UTAZ Professional Village™ is expected to be completed by late 2008 / early 2009.

For sales information, contact UTAZ™ at 480-776-3500.

On Thursday, March 27, UTAZ™ Development held groundbreaking ceremonies for the Visa Quinta UTAZ PROFESSIONAL VILLAGE™ near the southeast corner of Greenfield and Baseline roads. This marks the development company’s nineteenth project in or adjacent to the Town of Gilbert.

Vista Quinta UTAZ PROFESSIONAL VILLAGE™ will offer more than 62,000 square feet of space for sale or lease and will include 12 buildings. Office suites will vary in size from 1,500 to 10,000 square feet.

The location is near two hospitals: Banner Gateway Medical Center, which opened in September 2007, and Mercy Gilbert Medical Center, which opened in 2006. Medical practitioners who have purchased or leased in other UTAZ™ Development locations have reported increases to their bottom lines. The Vista Quinta project will no doubt have the same result for its owners. “Vista Quinta UTAZ PROFESSIONAL VILLAGE™ is in an outstanding location with easy freeway access,” says Craig Willett, president and CEO of UTAZ. “Small business professionals looking to amplify their visibility and build equity by owning their own office building will find this a highly desirable location where business is continuing to thrive.”

The Vista Quinta UTAZ PROFESSIONAL VILLAGE™ is now pre-selling.

For Sales Information Contact:
Terri Tobey at 480-776-3500
or 480-544-5865 mobile

Mass High Tech reports that with a permit from the City of Chandler, a $100 million facility that will test drugs under development and have 2,000 workers is beginning at the Chandler Airpark. Plans call for building the first phase of a 300,000-square-foot facility.

For Sales Information Contact:
Terri Tobey at 480-776-3500
or 480-544-5865 mobile

Gilbert, AZ. — UTAZ Development, Arizona’s premier builder of quality office condominiums for medical practitioners and small business professionals, has announced plans to build its new Mountainwood Professional Village in Gilbert, Arizona

Encompassing 50,000 square feet of high-end office space in nine-distinctive architecturally designed buildings, this new UTAZ Professional Village will be strategically flanked by Gilbert Emergency Hospital and Mercy Gilbert Medical Center, making it a prime location for medical practitioners seeking to maximize Gilbert’s exploding population growth, and upscale nearby communities such as Seville (4,500 homes), Greenfield Acres (155 custom homes), and Adora Trails (1,871 homes).

UTAZ Professional Village office condominiums are known for great locations; impeccable workmanship and design; 13.5 foot ceilings; abundant front-door parking; highly visible frontage; and prestigious and prominent monument and building signage designed to attract affluent clients and create a lasting impression of superior quality and first-class service.

“Our Professional Village locations allow medical practitioners easy access to neighborhoods and nearby hospitals while creating environments where business thrives,” said Craig Willett, president and CEO of UTAZ Development. “Buyers get the added bonus of owning for less than renting and benefit as property values increase. Mountainwood Professional Village is a medical practitioner’s oasis in the desert.”

Dr. Stuart Agren, who owns a UTAZ professional office condominium in the East Valley, said his business escalated significantly since he moved in and believes the location of his office is the major factor.

“My patients love the location,” he said. “It’s easy to draw people to my practice.”

Mountainwood Professional Village suites range from 2,000 to 8,000 square feet and are now on sale. Call 480-776-3500 or visit www.UTAZ.com for more information.

For Sales Information Contact:
Terri Tobey at 480-776-3500
or 480-544-5865 mobile

When Dr. Michael Hudson made his decision to open his own dental practice in 2004, he knew right from the start he wanted a location that would maximize his business and an office he could be proud of and impress patients.

For Hudson Dental & Orthodontics, his business, the decision was clear. He purchased a professional office condominium in the UTAZ Spectrum Professional Village and hasn’t looked back since.

“Having grown up in Gilbert I knew there would be tremendous population growth in our town over the coming years,” Dr. Hudson said. “I wanted a location for my office that would take advantage of that growth. I felt the UTAZ Spectrum Professional Village was a great place to open my office. And I was right. We have homes all around us and most of my patients live nearby. People know we are here and they come. The Spectrum community is a perfect place for my practice.”

Dr. Hudson said there is more to drawing patients to a dental practice than just good service.

“We are a family practice,” Dr. Hudson said. “That is how we treat all our patients. I get to know them. I want to know who they are. There is an old saying that people don’t care how much you know until they know who you are. The first thing they care about is that you care about them. The next thing they look at is the kind of office you have and if it is impressive.”

He believes UTAZ professional office condominiums provide the opportunity to create such office space.

“The design, the quality and the interior of my office work together to impress people and create a professional image,” he said. “When people walk in they see they are in a nice place and this inspires confidence before they even come into the inner office. The location and the quality of our office combine to help increase our patient base and increase revenue.”

He said he finds the advantages of owning an office far outweigh leasing.

“The first advantage is obvious—that is instead of throwing money away in rent you are building equity,” he said. “When you own the property you also don’t have to worry about your landlord relocating and having to suddenly move your business. Owning allows you to keep your tenant improvement costs minimal. You can dictate the design of your interiors.

A lifelong Gilbert resident, married with three children, Dr. Hudson has grown deep roots in his community and is planning to stay for the long run.

When his business grows to the point where he could expand to a second office there is no doubt it will be a UTAZ office condominium.

“When I get to the point where I see a future place of growth, I’m certain it will be with UTAZ,” he said.

For Sales Information Contact:
Terri Tobey at 480-776-3500
or 480-544-5865 mobile