, formerly based in Dallas, Texas, has announced today they have
formally moved their Corporate Offices to the 70th floor of the JP
MORGAN CHASE TOWER in downtown Houston today.

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"We have an active
presence in the real estate market here, and felt Houston had the
ideal business climate, economy and infrastructure as well as
entrepreneurial spirit to support our plans to expand to 34 new
offices nationwide this year.

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Business Editors

DALLAS----Hilton Head Properties
Inc.

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The statements made in this press release that are not historical
fact are "forward-looking" statements which are based on current
expectations that include a number of risks and uncertainties.

This category contains sites which provide information and advice for people in the process of moving or relocating.

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"
Hilton Head will maintain its National Operations and Sales
offices in Dallas.

Company Information

Hilton Head Properties Inc.

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Series of Nationally Held Treasurers' Breakfasts Slated Throughout 2005

BETHESDA, Md. This
release is not made for the purpose of promoting any investment.

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"
Treasurers' Breakfasts are planned for 2005 in Atlanta, Boston, Chicago,
New York, and San Francisco.

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"The Corporate Treasurers'
Council will provide an opportunity for treasurers at the local and national
level to effectively respond to opportunities and challenges and continue
their personal advancement.

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"These meetings will offer a unique opportunity for executive level
treasurers to share their priorities and concerns with a small group of peers"
said AFP President and CEO Jim Kaitz.org.

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In support of the launch of the Treasurers' Council, AFP has
scheduled a series of quarterly Treasurers' Breakfasts open exclusively to
treasury executives in major metropolitan areas around the United States. is a privately held multi-disciplined
real estate investment firm specializing in the acquisition and
owner-financed sale of single family residential housing and long-term
investment in multifamily projects nationwide .

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This research will give members the opportunity to leverage
information and experience from local treasurers' networks across the country.org
or Craig Martin, Director of Executive Programs, at 301 . AFP is the preferred resource for financial
professionals for continuing education, financial tools and publications,
career development, certifications, research, representation to legislators
and regulators, and the development of industry standards.

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Forward-looking statements in this news release , if any, are made
under the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995 and are not meant for any solicitation.

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Treasurers interested in attending a meeting in one of these cities or in
establishing a local network in their area should contact Jeff A.

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AFP Introduces New Corporate Treasurers' Council to Address the Needs of Treasury Executives

Currently Hilton Head has offices in Houston and Dallas,
Texas, and has announced plans to expand into 25 additional cities
this year, including Ft.

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afponline.

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Hilton Head Properties Moves Corporate Office to JP Morgan Chase Tower in Houston Texas

"We plan to establish a national footprint with
Houston as the headquarters for senior executives, mortgage banking,
investor relations and merger and acquisition activities," said Nate
Volk, Chairman of the Board.

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Worth, San Antonio, El Paso, Denver, Detroit ,
Chicago, Tulsa, Oklahoma City and Atlanta over the next 4 months.

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Each meeting is limited to 15 participants
to maximize peer interaction and the open exchange of ideas. JP Morgan Chase Tower gave us the
corporate image we needed and has numerous businesses we use daily,
all located in the same building," stated Chase Fonteno, President +
CEO, "which will make our business easier to operate as we grow.

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8629 or
cmartin@afponline.

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"Through collaborative discussion
treasurers will gain new ideas to enhance the performance of treasury and
their entire organization"
In addition to the Treasurers' Breakfasts, The Corporate Treasurers'
Council will conduct exclusive research on key issues identified by Council
members. Glenzer,
CTP, Director of Treasury Services, at 301 .

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8872 or jglenzer@afponline.

relocation helpful

, The Association for Financial
Professionals (AFP) today announced the formation of The Corporate Treasurers'
Council, created to help treasurers drive improvements in business
performance. Although the topics that will be tackled are of a
strategic nature, the meeting format is designed to facilitate collaborative
discussion and business solutions. For more
information about AFP visit http://www. Hilton Head makes home
ownership available to buyers without using any governmental programs
or assistance, by helping individuals purchase sub-par homes with
little cash down, where the buyers are required to do their own home
repairs.

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"Many of our members have leveraged the educational and networking
opportunities afforded by AFP membership to rise to the top of the treasury
organization," said AFP Chairman Sally Smedal.961.961.org
The Association for Financial Professionals (AFP) in Bethesda, Maryland,
supports more than 14 ,000 individual members from a wide range of industries
throughout all stages of their careers in various aspects of treasury and
financial management.