Kenneth P. Balin To Serve on Board for AMC Delancey’s Sister Company, Haven Homes—a Leading Custom Home Manufacturer

Kathleen Rodriguez, Beckerman Public Relations
(908) 781-6420, Kathleen@beckermanpr.com

PHILADELPHIA, PA, MAY 18, 2006 – AMC Delancey Group, Inc., a Philadelphia-based national real estate investment company, is pleased to announce that Kenneth P. Balin, President and CEO of AMC Delancey Group, has been elected to the Board of Directors for Haven Homes, Inc.—a leading manufacturer of custom and semi-custom homes. AMC Delancey’s parent company, Wind River Holdings, recently acquired Haven Homes, uniting AMC Delancey and Haven Homes as sister companies.

Don Dick, CEO of Haven Homes, commented, “Ken’s extensive experience in the commercial and residential industry are a welcome addition to Haven Homes. Ken will be an enormous source of advice, counsel and expertise to our company as we continue to evolve our operations, products and services.”

Kenneth P. Balin, President and CEO of AMC Delancey, Inc., added, “I am delighted to join Haven Homes’ Board of Directors at this exciting time in their history. This alignment of our two companies’ interests also reflects the synergies afforded by Wind River Holdings and the consistent operating philosophies and opportunities that exist under this extraordinary platform. I look forward to working closely with Haven Homes as they continue to develop into one of the most recognized names in the custom home industry.”

Balin has been making sound real estate decisions for almost 30 years. Since founding AMC Delancey Group in 1992, he has directed the development and implementation of the firm’s operational and investment strategies. Under Balin’s leadership, AMC Delancey affiliated with Wind River Holdings (formerly the AMC Group), and has crafted an investment vehicle that emphasizes the principle of alignment of interest in real estate transactions between financial investors and operating partners, fueling the dynamic growth of the company. Today, the firm owns and currently operates a diverse portfolio of real estate properties directly and through a growing network of local operating partners throughout the United States.

Prior to founding AMC Delancey, Balin was a leader within several real estate investment organizations, which began in 1977 with the Bass Family of Fort Worth. In 1987, he co-founded Amerimar Realty Company, as the successor to a portion of the Bass real estate portfolio, and built that organization where he was its President and Chief Operating Officer. Prior to founding Amerimar, Mr. Balin was a real estate partner and senior executive with affiliates of Bass Brothers Enterprises and the Robert M. Bass Group of Fort Worth, Texas. Balin began his career as a Certified Public Accountant in the tax department of Arthur Andersen & Company.

Balin is also a frequent guest lecturer and speaker in the real estate investment industry and has served on the boards of many philanthropic and community organizations. Balin currently serves on the boards for many of the business and real estate industries’ leading organizations. He’s the incoming chairman of the Philadelphia District Council for the Urban Land Institute (ULI); a member of the Central Philadelphia Development Corporation, Lambda Alpha, the International Council of Shopping Centers, the National Association of Industrial and Office Properties (NAIOP) and the World Presidents’ Organization; and is also a founding member of the Zell-Lurie Real Estate Center of the Wharton School of the University of Pennsylvania.

The real estate veteran is a licensed real estate broker and holds a Bachelor of Arts from Northwestern University and a Masters in Business Administration from the Wharton School of the University of Pennsylvania.

About Haven Homes
Haven Homes is a leading manufacturer of modular homes and specialty buildings. With two locations and three manufacturing facilities in Pennsylvania and South Carolina, Haven Homes manufactures quality modular homes for builders in 17 states. Haven Homes, Inc. is part of the Wind River Holdings™ portfolio of operating companies. For more information, visit www.havenhomes.com .

About AMC Delancey Group, Inc.
Founded by Kenneth P. Balin in 1992, AMC Delancey Group, Inc. is a leading real estate investment and development firm that aligns interests and co-invests with a growing number of real estate operating partners throughout the United States. Headquartered in Philadelphia, Pennsylvania, the Company's programmatic approach focuses first on the quality of potential operating partners, next on their investment strategies, and then on the specific properties proposed for acquisition. The Company's current investment programs include hotel, office, retail, multi-family, condominium, mixed use, and land development. AMC Delancey plans to expand these and future investment programs throughout the United States, with both existing and new operating partners, with investments targeted over the next several years in excess of one billion dollars. For more information on AMC Delancey Group, visit www.amcdelancey.com .


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