THE ESTATES AT ROXBURY – A FINE COLLECTION OF NEW SINGLE FAMILY HOMES BY DIVERSIFIED PROPERTIES – WILL HOST A FALL FESTIVAL – SUNDAY, NOV, 7, 2004

PARSIPPANY, NJ, NOVEMBER 7, 2004 – As the fall colors are at their peak in the beautiful rolling hills of Western Morris County, The Estates at Roxbury cordially invites prospective home purchasers to a very special Fall Festival on Sunday, November 7, 2004 from 12 noon to 4 p.m. In addition to enjoying the exceptional views and refreshments, purchasers will be able to tour the wooded sites near the Flanders Valley Golf Course and preview the wonderful new floor plans. What's more, purchasers can take a glimpse at the elegant four-bedroom Wellington model underway for Spring delivery. This spacious home with detailed formal areas and cozy family space is priced at $799,990.

The Estates at Roxbury is being marketed by Coldwell Banker New Homes, one of the nation's largest award winning residential brokerage firms. According to Coldwell Banker Regional New Homes Specialist Lynette Hamara, this new collection of estate homes is the latest in a long line of successes for builder Diversified Properties of Roseland, New Jersey. She states, "Diversified Properties is well-known for its attention to detail and insistence on utilizing only the finest available materials in every home. Under the leadership of Principal Nicholas Minoia, a former executive with some of the state's most renowned development companies, each home is an expression of its owner. Having more than 25 years of experience in the planning, design and construction of thousands of homes, Mr. Minoia takes great personal satisfaction in working closely with his customers, building new homes that not only meet their specific needs, but also establish a trust that results in their complete satisfaction. The Wellington perfectly exemplifies Minoia's signature approach."

In keeping with this design philosophy, the Wellington will be a unique expression of its owner. Site Manager Ann Rodriguez of Coldwell Banker in Parsippany notes, "This home, like all of the homes in the collection, will be filled with lovely details, unique charm and just the right amount of space for all of today's home purchasers' needs."

She continues, "The beauty of the Wellington begins with its exterior. A paved driveway, blue stone walkway and beautiful brick façade introduce the home. The welcoming front entry portico confirms the home's staid style and country charm, and the designer-coordinated siding, trim and front door finishes help ensure a perfect match with the purchasers' tastes and preferences."

"Inside," Rodriguez explains, "an open two-story foyer with beautiful hardwood floors enjoys a panoramic view of both the formal and casual areas of the home. The elegant living room rests on one side and is perfectly balanced on the other by the expansive dining room. Both rooms feature decorative crown moldings."

Through the foyer is the spacious family room with a full wall of opulent windows to bring in the magnificent golf and country views. Rodriguez notes, "Adjoining the family room is a chef's dream kitchen complete with state-of-the-art General Electric appliances including 12-inch-by-12-inch ceramic tile floors, rich raised-panel cabinetry and granite or Corian countertops. The breakfast room, which features sliding glass doors to the outer deck, is perfect for those early morning cups of coffee or informal get togethers with family and friends." Nine foot first floor ceilings, a quiet study with corner windows, laundry / mud room and access to the three-car garage complete the first floor of this home.

Upstairs, the grand master bedroom suite with tray ceiling in the spacious bedroom area, sitting room with vaulted ceiling and extra large walk-in closet will soothe away even the most tumultuous of days. Rodriguez states, "Owners will cherish the lavish marble tiled master bath with its oversized whirlpool set in a platform and illuminated by a wall of windows. Other features include a glass-enclosed shower stall, twin vanities and elegant Kohler fixtures and faucets." Three additional bedrooms with large closets and a full bath provide plenty of family space.

The Wellington model also showcases other standard features including pre-wired telephone and cable jacks, Pella windows, energy-efficient two-zone heating and central air conditioning systems, city sewer and water as well as natural gas.

The Wellington model is one of four distinctive homestyles, ranging from just over 3,400 square feet to more than 4,300 square feet of finely appointed space. All of the homes at the Estates at Roxbury are complimented by the wonderful location adjacent to the Flanders Valley Golf Course and all that the bucolic Township of Roxbury has to offer. According to Rodriguez, "Roxbury prides itself on its outstanding school system, its beautiful parks and the wide variety of amenities and activities available within its borders, from the Horseshoe Lake recreation area to golf at several nearby courses and driving ranges to the plethora of local Revolutionary War-era historical sites."

She adds, "Yet, Roxbury is only some 50 miles from Manhattan and offers easy access to Interstate 80 and Routes 10 and 46. This ideal location allows Roxbury to host a thriving business community of its own, and many restaurants and national retailers flourish at its crossroads."

Prospective home purchasers, who are searching for an elegant estate home in one of the state's most beautiful suburban settings, are encouraged to attend the special Fall Festival at the Estates at Roxbury on Sunday, November 7, 2004. To visit, take Route 80 to Route 206 South. Proceed 4.1 miles on Route 206 South to the Bartley / Flanders jug handle (just before the railroad overpass). Follow signs left for the u-turn and cross over Route 206 onto Flanders / Bartley Road. Proceed 1.7 miles to the Sales Trailer on the right. For additional information, please contact Site Manager Ann Rodriguez of Coldwell Banker in Parsippany at (973) 267-3030. Or visit ColdwellBankerMoves.com or diversifiedproperties.biz.

The Estates at Roxbury is just one of hundreds of new home communities serviced by Coldwell Banker. Coldwell Banker Residential Brokerage in New Jersey/Rockland County, N.Y. is a member of the NRT family of companies. NRT Incorporated, a subsidiary of Cendant Corporation (NYSE: CD), is the nation's largest real estate brokerage company. NRT has more than 950 offices and 55,000 sales associates operating in more than 30 of the nation's largest metropolitan markets. In 2003, NRT posted a real estate industry record of $167 billion in closed sales volume.