ANL Amer Land Lease

American Land Lease Announces Acquisition of Land to Develop a New Florida Community CLEARWATER, Fla., Feb. 7 /PRNewswire-FirstCall/ -- American Land Lease, Inc. (NYSE:ANL) today announced the acquisition of a 260 acre tract of land in Micco, Florida, south of Melbourne, for an aggregate price of $15.5 million. The land will be used to develop a new senior community for the company -- Savanna Club North at Crystal Bay. Savanna Club North at Crystal Bay will be a 533 home site community incorporating high value homes and the country club style living that is characteristic of the company's Savanna Club and Riverside Club communities. Situated across US-1 from the inter-coastal waterway leading to the Atlantic Ocean, the purchase includes frontage on US-1 where a new home information and sales center will be located, and a small tract of land on the inter-coastal that will be used by community residents for access to boating and other water activities. The new community will be named for the company's 1,054 home Savanna Club located in Port St. Lucie, 50 miles away. The company expects that Savanna Club will be sold out during 2006. The company intends to use the Savanna Club sales and community development team at Savanna Club North at Crystal Bay where development is expected to begin this year and new home sales are projected for 2007. "The acquisition of land to develop Savanna Club North at Crystal Bay provides a great addition to our portfolio of Florida properties. The community will enable the company to build on its growing competence in land development, home sales and community management," said Bob Blatz, ANL's President and COO. He added, "This acquisition allows us to grow using the outstanding community development and sales team that we have developed at Savanna Club as we continue to build value for ANL shareholders." American Land Lease, Inc. is a real estate investment trust (REIT) that, as of September 30, 2005, held interests in 29 manufactured home communities with 6,815 operational home sites, 950 developed expansion sites, 1,219 undeveloped expansion sites and 129 recreational vehicle sites. DATASOURCE: American Land Lease, Inc. CONTACT: Robert G. Blatz, President and COO, or Shannon E. Smith, CFO, of American Land Lease, +1-727-726-8868 Web site: http://www.americanlandlease.com/

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