PARKLAND DEVELOPMENT CORPORATION

Boca Raton, FL – February 27, 2013 – Parkland Development Corporation unveils plans to build The Forum at Tallahassee, a 782-bed, progressive student living apartment community in Tallahassee, Florida. The four story property will be hard to miss with over a quarter mile of frontage at 2525 West Tennessee Street. Its prime location will offer superior visibility and the convenience of being close to Florida State University, Tallahassee Community College and Florida A&M University campuses.The Forum at Tallahassee is the latest development in the Forum student living portfolio consisting of 2,274 beds. Parkland Development Corporation has developed luxury student communities in Texas, Georgia and now Florida. “Our goal is to design a community that completely exceeds the expectations of students and that will rival student housing projects across the country,” said Harold Tomlinson, Chairman and President of Parkland Development Corporation. “We have truly outdone ourselves on this one. The Forum at Tallahassee will boast an unbelievable array of unique amenities, trendy spaces and the latest technology for students.”The Forum at Tallahassee’s unsurpassed amenities will include an 11,000 square foot outdoor pool deck and recreation area. The resort-style pool will feature a beach entry, spa and even a ping pong table and billiard table built into the pool. The 20,000 square foot clubhouse will incorporate indoor basketball and volleyball courts with bleacher seating, a two-story fitness center with TechnoGym® equipment, and three tanning beds. In addition, students will be able to enjoy a high-tech business center with multiple study rooms, free high-speed internet, a Wii® gaming room with dual life size screens, coffee lounge, media center and a pet park.The fully gated community will offer elevator access to distinctive one, two, and four-bedroom floor plans. Interiors will be fully furnished with contemporary designer finishes, including granite counter tops, nine-foot ceilings, crown molding, stainless steel appliances and wood-grain plank style flooring. In addition, apartment homes will include 50” flat screen TV’s, walk-in closets, full size washers and dryers in laundry rooms and covered patios. The community will be professionally managed by Greystar and will offer roommate matching and an active student living program.Parkland Development will break ground on The Forum at Tallahassee this month. The first building is expected to be ready for new residents in February 2014. The entire community is scheduled to be completed by May 2014.