Welcome to Realty International Associates at Grenelefe Golf & Tennis Resort in the heart of Central Florida. We invite you to experience ownership

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2 Welcome to Realty International Associates at Grenelefe Golf & Tennis Resort in the heart of Central Florida. We invite you to experience ownership of a deeded interest in a vacation home, surrounded by Florida s natural beauty and excellent year-round activities. This home ownership offer is now available at a value so exceptional, it may never be seen again.

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4 Experience a Florida Getaway That s All Your Own Realty International Associates at Grenelefe Golf & Tennis Resort in Haines City, Florida, offers you an extraordinary opportunity to own a vacation home featuring golf, tennis and outdoor activities at a reemerging Florida resort destination. Grenelefe Golf & Tennis Resort stretches across 1,000 acres of wooded and lushly landscaped property showcasing Florida s natural beauty. The resort is undergoing extensive upgrades and renovations, transforming it into one of the state s most notable vacation property opportunities. As a fractional Owner of a condominium home at Grenelefe Golf & Tennis Resort, you ll enjoy a vacation retreat at a resort community featuring 54 holes of golf, tennis courts, fitness facility, three swimming pools and multiple outdoor activities from fishing to fitness trails. Your fractional home purchase provides an affordable vacation home in a desirable location that you ll love to return to year after year. For the golf enthusiast, Grenelefe features two courses currently open for play. The South Course and East Course have been fully refurbished and offer two different golf experiences on the resort property. A third course, known as the West Course, is currently closed. Resort management has informed Realty International Associates that it is actively pursuing a restoration plan for the West Course. An abundance of public and semi-private golf courses just outside the resort offer a variety of additional options, including specially discounted rates for residents of Realty International Associates at the acclaimed Diamondback Golf Club, located across the street from Grenelefe. With golf, tennis, swimming, walking, running and biking trails, Grenelefe has it all including location. Nestled in Haines City in the heart of Central Florida, Grenelefe Golf & Tennis Resort is located near Cypress Gardens and the Historic Bok Sanctuary, and just a short drive from Orlando and its famous theme parks, including Walt Disney World, Universal Studios and SeaWorld. And restaurants, nightclubs, sporting events and sandy beaches offer plenty of additional entertainment options. Several neighborhoods are located within the Grenelefe resort property and include condominiums, town homes and detached single-family homes. Realty International Associates at Grenelefe offers homes starting at 900 square feet and ranging from one bedroom, one bathroom to three bedroom, three bathroom. Homes available for fractional ownership are fully furnished and have undergone complete remodeling with upgraded kitchens and bathrooms. All homes are within a short walk to the many amenities the resort has to offer.

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6 The Perfect Setting for Outdoor Fun is Under the Florida Sun There is virtually something for everyone at Grenelefe Golf & Tennis Resort. With comfortable year-round temperatures, you can participate in outdoor activities every day of the year. Within the resort property, several amenities are provided for Owners and their guests to enjoy: Swimming Pools: Dive into one of Grenelefe s three free-form swimming pools. All are temperature controlled and equipped with lounge furniture. Relax or read under the shaded poolside pavilion. Two Jacuzzis provide a refreshing break from a round of golf or a tennis match. Pools are within a short walking distance from any of the condominiums. Tennis: Tennis is an ideal sport for an active Florida lifestyle, and Grenelefe offers plenty of opportunities to play. There are 16 courts located throughout the property, although only seven are currently open for play. Resort management plans to restore the additional tennis courts as demand increases and more courts are needed. Fitness: Nature trails throughout the resort are perfect for outdoor exercise: You can bike, walk, or run while enjoying the beauty of the lush landscape and natural terrain. Fitness trails offer exercise stations throughout the community. Grenelefe also offers a fitness center for an effective workout. The fitness center is located within the community clubhouse, which is currently being renovated. The fitness center is expected to remain open and be upgraded during the clubhouse refurbishment. Outdoors: Grenelefe is located on Lake Marion, a 7,000-acre freshwater lake, featuring hardwood swamps, marshes, oak hammocks and streams. More than 70 species of birds have been documented at the lake with other wildlife such as deer and turkey frequently spotted. Natural walkways provide access for bird watching, wildlife study, photography and nature walks. Fishing: Lake Marion is a fisherman s paradise featuring freshwater large-mouth black bass, blue gill, speckled perch and catfish. A number of local marinas and fish camps provide anglers all the services needed for a day of fishing or boating including boat rental, bait, guide services and equipment. Fishing licenses are required for anglers over the age of 15. Outside the Resort: As you explore the area, you ll find even more locations for adventure such as sightseeing, hiking, kayaking, boating, shopping and dining. Grenelefe is close to everything, yet you ll feel a world away at this resort retreat.

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8 A Golfer s Paradise Awaits You The greatest allure of the Grenelefe Golf & Tennis Resort is the legendary golf courses. You can choose to play from two different courses for a variety of challenges. A third course is currently closed and may reopen in the future. While golf membership is not included in the purchase of a condominium, multiple levels of golf memberships are available from one week to one month to year-round. South Course: Designed by renowned golf course architect Ron Garl and PGA Tour player Andy Bean, the 18-hole South Course opened in The course features flat terrain with wide fairways. Creative undulations and moundings built into the course s greens test even the best of putting skills. Numerous camouflaged sand bunkers and water hazards add to the challenge. East Course: The East Course is shorter, straighter and narrower than the South Course. The course was designed by Arnold Palmer and Ed Seay and opened in 1978 with major refurbishing taking place over the years. The challenge starts early on this course it opens with its 535-yard, par 5 signature hole. West Course: Designed by Robert Trent Jones, Sr., the West Course originally opened in 1971 and is currently closed. The renowned course is best known as the site for several PGA tournaments including the finals for the PGA and Senior PGA Tour s qualifying schools. Resort management has assured Realty International Associates it is actively pursuing a restoration plan to re-open this course in the near future. An abundance of public and semi-private golf courses are located within minutes of Grenelefe Golf & Tennis Resort for the golf enthusiast wanting to explore challenges outside the property.

9 Other Fine Courses Located Nearby Diamondback Golf Club Haines City, FL Residents of Realty International Associates receive a special discount at this 18-hole semi-private course, carved out of 240 acres of Florida forest. Great care was taken not to disturb the natural uplands, water areas and dense forest. Golfers will need to use almost every club in the bag. There are more than 80 large sand bunkers on the fairways and around the greens. Accuracy is key on the front nine due to small landing areas and narrow fairways. Southern Dunes Golf & Country Club Haines City, FL GOLFWEEK ranked this course #6 in Florida for America s Best Courses You Can Play in the March 2004 issue. The semi-private course features a hillside layout that stretches over 7,200 yards and features 100 feet of elevation changes. Five sets of tees welcome golfers of all skill levels. Highlands Reserve Golf Course Haines City, FL This public championship course designed by Mike Dasher gives players pine tree-lined fairways and fast greens. The rolling layout features open fairways and large greens, some double or triple-tiered. The #16 signature hole is a 385-yard, par 4 that plays uphill to a large green, which slopes in the middle. Champions Gate Golf Club National Course, International Course Champions Gate, FL Champions Gate Golf Club is home to two unique 18-hole championship courses designed by accomplished designer and golfer, Greg Norman. The resort offers an impressive clubhouse and restaurant and is headquarters to the David Leadbetter Golf Academy. Just 15 minutes from Haines City. Celebration Golf Club Celebration, FL The renowned father-son team of Robert Trent Jones Sr. and Jr. created this course boasting rolling terrain and pristine lakes. Designed with shot-making strategy in mind, the championship course demands accurate approach shots and consistent putting with five sets of tees at every hole. The course has hosted several prestigious tournaments including the 2004 and 2005 Buick Scramble National Championships. Walt Disney World Resort Eagle Pines, Osprey Ridge, Lake Buena Vista, Palm, Magnolia & Oak Trail Orlando, FL Walt Disney World is home to 99 holes of golf including five 18-hole championship courses and one 9-hole walking course. GOLF magazine has awarded Walt Disney World Resort a Golf Medal endorsement as one of 25 resorts in the United States earning the magazine s highest distinction.

10 Neighborhoods Offer More Choices for You There are several distinct neighborhoods within the Grenelefe community. The homes currently available for fractional ownership through Realty International Associates are located in the Resort Condominiums and Aspen Woods. Resort Condominiums are located throughout the community in a variety of sizes and floor plans to accommodate any lifestyle. These homes range in size from 900 square feet to 1,600 square feet and available floor plans range from one bedroom/ one bathroom to three bedroom/three bathroom. The cedar-sided town homes of the Aspen Woods neighborhood line quiet streets lit by gas street lamps. Homes range from two bedroom/two bathroom to three bedroom/three bathroom. One and two-story floor plans are available, ranging from 1,000 to 1,500 square feet. These homes include a golf cart garage for additional storage. Homeowners in these neighborhoods belong to their own community associations and take great pride in their surroundings. Many residents enjoy community activities and socializing with each other while enjoying the resort s many amenities. All condominiums feature recently remodeled and upgraded kitchens and bathrooms and spacious living and dining areas. From top to bottom, the condominiums feature all new drapery, wall coverings, carpet, tile and fixtures. Each is stylishly appointed with furniture and artwork. Linens, cutlery and crockery are provided. Floor to ceiling glass doors lead to outdoor patios and balconies offering scenic views of the golf courses, natural setting of cypress trees, oak trees and majestic pines or lushly landscaped grounds. The condominium units are located in buildings consisting of eight homes. Each has its own private outside door leading directly into the home.

11 For all the comforts of home, several services are available to make your stay at Grenelefe complete: Internet each condominium features broadband cable for Internet access. Laundry each condominium is equipped with a washer and dryer. Professional laundry and dry cleaning service is available outside the resort. Housekeeping housekeeping service is provided prior to your arrival and after your departure to ensure the condominium is prepared and in top condition for every Owner s stay. Mail mail is delivered and picked up each day at the resort. Postal boxes are available to rent on property or at the main post office.

12 Fractional Ownership: HOMEOWNER BENEFITS WITHOUT THE HASSLES Realty International Associates makes owning a Grenelefe Golf & Tennis Resort condominium worry free. The concept of fractional ownership was created to accommodate the many people who desire a vacation home and the value and equity of property ownership, but don t want the hassle and expense of owning a place they only use a few weeks at a time. Because a fractional Owner holds a deeded ownership interest in the property, that Owner can sell or rent the property, or even pass it on to the next generation. Owners receive the value of home ownership compared to the expense of short-term vacation accommodations, and the benefit of home equity if the property value increases. Realty International Associates program ensures that Owners have access to their condominium for the specific time period purchased. If the Owner is unable to use the condominium during the 28 night purchased vacation period, they have the option to rent it out during that time. A recommended rental price can be provided. To maintain the investment and keep the condominium in pristine condition, annual maintenance costs are projected for each of the condominium unit options. The annual maintenance fee includes payment for utilities, contents insurance, water, condo fees, real estate taxes, reserve account, maintenance, maid/ cleaning, accounting and management fees. Answers to Commonly Asked Questions Q: What is Realty International Associates at Grenelefe Golf & Tennis Resort? A: Realty International Associates is a fractional ownership program that allows individuals to share in the ownership of a condominium and to enjoy all the amenities and services. Ownership is available in multiples of 28-night tenures during each Club year. Q: Do I have to use my 28 nights consecutively? A: Yes. Q: Can I rent my condominium if I am unable to use my 28 nights? A: At Grenelefe, there are no regulations prohibiting you from renting the property. Please contact us and we will recommend appropriate pricing for the rental. Q: If I don t use my 28 nights, do they roll over? A: The 28 nights must be used in one year and will not be carried over. Q: As a fractional Owner do I have the same rights and access to amenities as a full time resident? A: Yes. This includes access to all golf courses, clubhouse and pro shop, use of all swimming pools and Jacuzzis, tennis courts, fitness center, marina and restaurants. Q: Does my fractional ownership include a golf membership? A: A golf membership is not necessary. Golf can be purchased by round or memberships are available at reasonable prices for any time period including one week or one month to year-round. Q: Are there public or semiprivate golf courses nearby that Owners can play? A: Yes. There are several courses within minutes of Grenelefe for golf challenges outside the community. Q: What is supplied in the condominium? A: All Owner condominiums are fully equipped with towels, linens, cutlery and crockery. Everything you would need if you were living in the condominium full-time is provided.

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14 A World Away, Yet Minutes from Top Attractions Grenelefe s location in Haines City is perfect for nature lovers with an abundance of freshwater lakes, rolling hills and climate that allows for year-round outdoor enjoyment. Fishing, boating, bird watching, golfing and tennis offer something for everyone. Although Grenelefe s lush 1,000 acres may feel like a secluded retreat, Florida s best attractions are surprisingly close by. Grenelefe is conveniently located in Polk County, in the heart of Central Florida, and near Cypress Gardens and the Historic Bok Sanctuary. The community is about 45 minutes from Orlando International Airport and Orlando s famous theme parks, including Walt Disney World, Universal Studios and Sea World, to name a few. Grenelefe is central to both the Atlantic Ocean and the Gulf of Mexico. You can easily drive to world famous Florida beaches such as Daytona Beach, on the east coast or Clearwater Beach, with its famous white sand on the west coast. Restaurants, shopping, entertainment, sporting events and many more activities are abundant throughout the entire region. If you re looking for fun outside the Grenelefe property, you don t have to go far to find something for everyone in the family. Haines City has maintained its small town charm and character while experiencing tremendous growth. Shopping and dining are available in the historic downtown area and surrounding areas serving the city s growing population. Within minutes, baseball enthusiast can attend spring training games at nearby fields for the Kansas City Royals, Cleveland Indians and Detroit Tigers. Other professional sports are in nearby Orlando and Tampa Bay including the Orlando Magic, Tampa Bay Devil Rays, Tampa Bay Buccaneers and Tampa Bay Lightning.

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16 Other Realty International Associates Projects I II III Left: I II III Al Hamra Village, Ras Al Khaimah, UAE. (Realty International Associates at Ras Al Khaimah) Torre Bermeja Apartments and Penthouses; Marbella, Spain (Realty International Associates at Marbella) Alandaflamingos Apartments, Marbella, Spain (Realty International Associates at Marbella) Top: Five star Westin Innisbrook Golf Resort, Tampa Bay Florida. 72 holes of golf including Copperhead, a top 100 I I I golf course worldwide. Sold Out