Gaylord Entertainment Hotel and Conference Center to be Located in LNR's High Point Community

MIAMI BEACH, Fla., June 21, 2011 /PRNewswire/ -- LNR Property LLC (the "Company" or "LNR") today announced that it has entered into an agreement with Gaylord Entertainment Company (NYSE: GET) to develop a hotel and conference center on 85 acres in LNR Commercial Property Investment Fund LP's High Point Master Plan Development ("High Point") located in Aurora, Colo.

High Point is an 1,800 acre mixed-use, master-planned community conveniently located 15 miles from downtown Denver and minutes away from the Denver International Airport. In addition to current and future development of up to 10 million square feet of business park development, 500,000 square feet of retail development, 1,600 single family homes and 1,400 multi-family units, High Point is also the home to High Point Academy, a public K-8 charter school started in 2006 to serve residents of High Point with an award winning educational option within the community.

The proposed resort by Gaylord Entertainment is expected to be open for business in mid-to-late 2015 and initially feature:

• 1,500 luxurious guest rooms
• 400,000 square feet of exhibition and meeting space
• A dramatic atrium setting offering panoramic views of the full Rocky Mountain vista, from Longs Peak down to Pikes Peak
• Numerous hotel amenities

"As part of our High Point master planned community, we welcome the opportunity to assist Gaylord in the realization of their planned hotel and conference center, which will be an extraordinary amenity to the greater Denver area as well as to the multi-county area adjacent to the Denver International Airport," said Justin Kennedy, Co-CEO of LNR Property. "We believe Gaylord is a great strategic fit for the High Point community, their project supports the long-term vision of High Point and we look forward to working with them during the development of this regionally significant property."

LNR Property LLC is a market leader in commercial real estate finance, management and development, with established expertise and demonstrated capability in the investment, management and servicing of commercial real estate assets, secured real estate loans and loan pools. LNR is headquartered in Miami Beach, Florida. LNR's Commercial Property Group is focused on creating value by acquiring, developing, repositioning, managing and selling interests in commercial and multi-family real estate, including land. LNR's Real Estate Financing and Servicing Group focuses on LNR's loan and loan securities businesses and is one of the nation's leading buyers of non-investment grade and unrated commercial mortgage backed securities ("CMBS"), and is the leading special servicer in the U.S.

For more information on the Commercial Property Group, please visit us at www.LNRcpg.com.

Contact: LNR Media Line (305) 695-5426

SOURCE LNR Property LLC