FAIRWAY ADVISORS ANNOUNCES SALE OF TWO ORLANDO GOLF COURSES

Dallas, TX, June 16, 2006 – Fairway Advisors, together with its joint marketing partners, CBD Golf Properties and Kitson & Partners, announced today the sale of the Sabal Point Country Club and Winter Springs Golf Club in Orlando, Florida. The 18-hole, semi-private championship golf courses, are located 15 minutes north of downtown Orlando. The courses were owned by Bank of America Strategic Solutions.

The new owner of Winter Springs Golf Club is Los Lagos Winter Springs LLC. RB-GEM Golf Brooke LLC was the buyer of Sabal Point Country Club. The sales prices were not disclosed.

Commenting on the disposition, Jeff Davis, President of Fairway Advisors, said: “The amount of investor interest in these golf courses was tremendous. We received offers as soon as the disposition team was selected by the seller.”

Sabal Point Country Club was designed by Ward Northrup and plays to 6,603 yards. The semi-private golf course was opened in 1981. Winter Springs Golf Club was designed by Bruce Devlin and Robert Von Hagge. Playing to 6,589 yards, Winter Springs was the first golf course in Florida featuring an island green when it opened in 1964.

Fairway Advisors is a boutique brokerage firm specializing in the sale of golf courses throughout the United States. For more information on Fairway Advisors, log on to www.fairwayadvisors.com