Beasley, who has become a recognized leader in online residential real estate since joining ZipRealty in 2001, will provide expertise and strategic input to the New Homes Realty Board as the company seeks to broaden its consumer services while continuing its recent expansion efforts.

I don't see anybody with a truly national leadership position who specializes in new homes online

A graduate of Northwestern University with a Master's of Business Administration degree from Stanford University, Beasley was until recently president and CFO of Emeryville, Calif.-based ZipRealty, Inc., a publicly-traded Internet-based real estate brokerage with more than 1,800 agents. Prior to joining ZipRealty, Beasley spent seven years at KSL Resorts, a $2 billion Kohlberg Kravis Roberts & Co. portfolio company, where he led acquisition and business development efforts. He also spent two years in Santa Fe, N.M. at Security Capital Group and three years at LaSalle Partners, Ltd. in Chicago as a financial analyst.

"I don't see anybody with a truly national leadership position who specializes in new homes online," Beasley said. "Particularly in a down market, this should be a tremendous opportunity for New Homes Realty to increase awareness of its brand and grow its presence by providing value to both consumers and builders looking for an additional marketing channel to move standing inventory. I hope to be able to provide some creative ideas and perspective to help the company evaluate and execute its strategic growth options."

"We are honored to have Gary Beasley as a member of our board," said Val Marks, CEO of New Homes Realty. "His strategic and operational real estate expertise will be invaluable to us as we strengthen our position in the industry online and offline. We are anxious to tap into his knowledge as we pursue our full-service vision. Gary is the perfect complement to our already strong and diverse board."

About New Homes Realty, Inc.
Founded in Clearwater, Fla. in 1994 and now based in Tampa, Fla., New Homes Realty, Inc. is a full-service online real estate company and the largest Home Buyer's Agency in the U.S., uniquely coupling lead generation and online media with a national sales network. The New Homes Realty, Inc. family of web sites allows buyers to view new homes, resale homes and floor plans, read community descriptions and school reports, apply for new home mortgages, existing home refinancing or home equity loans and find knowledgeable agents in their area. The New Homes Realty, Inc. sales network includes about 400 licensed real estate agents and brokers in 32 states and the District of Columbia. New Homes Realty, Inc. delivers exceptional home buying experiences by focusing exclusively on home buyers to help them find the perfect home.

Contact: David Brackman
New Homes Realty, Inc.
1-800-251-9595