FOR IMMEDIATE RELEASE

CONTACT: Mary Burroughs
949.631.1045
mary@dmpublicrelations.com

Professional Community Management of California, Inc.
launches new real estate consulting service

Company appoints new vice president of DRE budgeting and consulting
services to manage PCM Consulting Services, Inc.

LAKE FOREST, Calif. (Feb. 20, 2008)Professional Community Management of California, Inc. one of the nation's largest managers of homeowner associations, is proud to announce the formation of a new sister company - PCM Consulting Services, Inc. PCM Consulting Services, Inc. will provide California Department of Real Estate budget preparation, financial analysis and governance structure modeling for builders and developers creating community associations. The company also appointed Susan Finley as the new vice president of DRE budgeting and consulting services for PCM Consulting Services, Inc.

Whether a large master-planned community, urban high-rise, mixed-use or small condominium project, or active-adult age qualified community, PCM Consulting Services will work with builders and developers throughout the state to help them navigate the DRE budget and review process.

PCM Consulting Services will focus on meeting the DRE's requirements to achieve expeditious handling and approval of the budget; structuring the governance model and the budget to offer the most cost-effective program to the builder in a competitive marketplace; providing adequate funds to support the operation of the association and the maintenance of the amenities in accordance with the builder's vision; and simplifying the governance model and the budget for successful implementation and comprehension by the homeowner board members and management.

"It is important that builders and developers work with a company that has the synergy to evaluate planned communities that may be similar to the ones we manage. In a sense, we can help them avoid pitfalls and accurately budget property maintenance, staffing and reserves, while also informing them of high-demand services and amenities that homebuyers seek it today's market," said Donny Disbro, vice president of business development and marketing for Professional Community Management of California, Inc. "I anticipate that the collaboration between PCM of California and PCM Consulting will ultimately benefit the communities we serve and their future homeowners as we have direct visibility of how the results of the forward planning process play out in the real world."

Susan Finley was appointed as the vice president of DRE Budgeting and Consulting Services. She comes to PCM with more than 20 years of experience in the field of forward planning and with an expertise in the preparation of DRE budgets.

"There's always something exciting happening in our industry. We constantly see new trends, innovations and ways of thinking, all of which evolve the landscape of the services we provide," said Finley. "The adaptation of established California DRE guidelines and the modeling of these guidelines to meet the needs of each unique community are the keys to successful forward planning and budgeting. I look forward to enhancing the position of the PCM family of companies and contributing to the full range of services offered."

Prior to joining PCM, Finley held executive positions with other well-known property management companies.

"We are so pleased to have Susan join the PCM team," said Michelle Burge, chief financial officer of PCM of California. "It is not typical for a management company to offer this type of service in house; however, Susan's proven expertise in the field of consulting the nation's top builders and developers allows us to provide these services to the real estate community."

Professional Community Management of California, Inc. specializes in the management of Common Interest Developments (CIDs) of homeowners associations for high-rise condominiums, family oriented master-planned developments, subdivisions of master-planned developments, active-adult master-planned communities and boutique communities throughout Southern California. It manages a portfolio of nearly 100,000 units in 250 community associations, representing a combined real estate value in excess of $44 billion.

With headquarters in Lake Forest, Calif., PCM of California and its companies employ a staff of more than 1,400 people. PCM of California has offices in Orange, Riverside, San Diego and Los Angeles counties and has been recognized by the Multi Housing Council as one of the country's largest managers of common interest developments.

Management services by PCM of California are backed by state-of-the art Internet technology, and comprehensive financial and management systems. For additional information, please contact PCM at 800.369.7260 or at www.pcminternet.com.

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