Bal Harbour

Fall 2011

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Oral representations cannot be relied upon as correctly stating representations of the developer. For correct representations, make reference to the documents required by Section 718.503, Florida statutes, to be furnished by a developer to a buyer or lessee. Certain units in this condominium are subject to timeshare estates. Obtain the property report required by federal law and read it before signing anything. No federal agency has judged the merits or value, if any, of this project. This offering is made only by the prospectus for the condominium and no statement should be relied upon if not made in the prospectus. Not an offering where prohibited by law. The developer's use of the St. Regis trademarks is pursuant to a license from the Sheraton LLC. St. Regis, SPG, Preferred Guest and their respective logos are the trademarks of Starwood Hotels & Resorts Worldwide, Inc., or its affi liataes. The complete offering terms are in an offering plan available from the sponsor. File No. 07-0294. WARNING: THE CALIFORNIA DEPARTMENT OF REAL ESTATE HAS NOT INSPECTED, EXAMINED, OR QUALIFIED THIS OFFER.

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