West Wing Mountain was acquired as part of the Talley Industries portfolio and comprises approximately 1,300 acres in Northwest Metropolitan Phoenix. Over the last several years, Pivotal has successfully zoned the property with a master plan and a flexible development agreement, thereby creating significant value. The property is extremely attractive high Sonoran Desert planned at low density with 1,800 residential units, regional parks, elementary school sites, commercial uses and significant open space. In addition, the residential areas are carefully designed to take advantage of a 340-acre desert preserve. Because of its intrinsic attributes and land plan, West Wing Mountain is one of the most appealing communities in the area and commands commensurate price levels for its participating homebuilders.