M.S. Walker Companies, Inc. Closed Escrow on the Gateway to Falconhead

BEE CAVE, TX--(Marketwire - August 17, 2009) - Escrow closed July 1, 2009 on 17.72 acres at
the entrance to Falconhead Country
Club. The Developer, M.S. Walker Companies of Austin, Texas, has planned a
128,729 sqft mixed use project which includes 3 Class A medical /
professional office towers of 23,100 sqft, and 8 specialty retail and
restaurant buildings ranging from 4,500 sqft to 11,500 sqft.

M.S. Walker Companies is performing the Design, Architecture, Engineering,
Construction, Development, and Marketing of Gateway to Falconhead. This is
the third development in Central Texas that M.S. Walker Companies has
started. Groundbreaking is expected 1st quarter of 2010 with buildings
being ready for occupancy in the 4th quarter of 2010.

M.S. Walker Companies is a full
service, vertically integrated real estate development, design-build
construction firm with Architecture, Engineering, General Construction,
Concrete Construction, Steel Construction, Real Estate Brokerage, and
Property / Asset Management divisions. M.S. Walker Companies has offices in
Austin, TX, Bakersfield, CA, Antioch, CA & Scottsdale, AZ. M.S. Walker
Companies' subsidiaries include; MSW Architectural & Engineering Services,
Inc., M.S. Walker Construction Services, Inc., Walker Booth General
Engineering, Inc., WW Steel Fabrication, Inc., M.S. Walker & Associates,
LLC, & Western Realty Advisors.