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Hubbell Realty Company Purchases Copper Creek Golf Course

WEST DES MOINES, Iowa (January 9, 2006) – Hubbell Realty Company announced today they have purchased Copper Creek Golf Course in Pleasant Hill from Copper Creek Golf Course LC, owned and operated by Dan Clark and family. The 18-hole course is located within Hubbell Realty Company’s Copper Creek Residential Community that consists of nearly 400 homesites with 75% of those located adjacent to the course. Hubbell Realty Company developed the Copper Creek golf course community in 1995 and at the same time, Dan Clark developed the 194-acre, par 71 golf course as an amenity for the premier Pleasant Hill neighborhood. Clark, who has served as general manager of the Willow Creek Golf Course since 1980, will continue to focus his efforts on Willow Creek Golf Course. “Having the neighborhood and golf course under the same ownership allows us to maintain a continuity of high standards throughout the entire neighborhood,” states Jim Hubbell, Chairman of Hubbell Realty Company. “At the time we developed the community, we did not have the in-house knowledge base to manage a high-quality course such as Copper Creek. Since purchasing Woodland Hills Golf Course in Polk County, we now feel we have that management expertise to draw from within the company.” “Owning two golf courses provides us with increased marketing opportunities between Woodland Hills and Copper Creek,” states Rick Tollakson, President and CEO of Hubbell Realty Company. “Whether it be increased league-play or possible benefits for Copper Creek residents, we’re still exploring a multitude of options, including constructing a clubhouse for the Copper Creek Golf Course.” Hubbell Realty Company purchased Woodland Hills Golf Course in February of 2005 with plans to convert the south nine holes into a conservation community beginning in 2006. In November, Woodland Hills Golf Course announced the redesign of holes four through seven on the north eighteen, increasing the difficulty of the course from a par 70 to a par 72.

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