On February 11, 2004, Meritage Properties, in partnership with EDGE Partners, acquired the 217 remaining unsold cooperative apartments at the Le Havre and Cryder Point developments in Whitestone, Queens, located along the Long Island Sound and Little Bay. The properties are situated near the juncture of the Throgs Neck Bridge, the Cross Island Parkway, and the Clearview Expressway, offering easy commuter access to Manhattan, Long Island and Westchester. Most units have outstanding views. There is express bus service into Manhattan and two large retail malls nearby.

Cryder Point comprises three six-story doorman buildings and offers a swimming pool, a health club and a boat/fishing dock. Most apartments have terraces. Cryder Point is located directly on the Long Island Sound.

Le Havre is a 32 building complex. Each building has nine stories and four corner, terraced apartments per floor. Le Havre’s amenities include two swimming pools, four tennis courts, a health club and several playgrounds.

Meritage Properties and EDGE Partners renovate, market and sell individual apartment units as they become available.

The apartment renovation program includes:

• Modern kitchens with cherry cabinets
• Fully tiled baths
• New Flooring and plush carpeting
• Stainless steel appliances