Daniel T. Schmitt Selected as Next President and COO of HHHunt

Current HHHunt President and CEO David E. Reemsnyder II plans retirement in June 2013. End Quote

(1888PressRelease) April 12, 2012 - Corporate - For several years, owners and management of HHHunt have focused on the business continuance of the company's management and leadership. While there are many factors involved in this process, one critically important consideration is the transition and succession of key company leaders. With the planned retirement of David E. Reemsnyder II, current HHHunt President and CEO, in June 2013, senior management embarked upon a disciplined process to select the next President. After careful review of candidates, assessments and interviews, a task force comprised of HHHunt owners and senior management has selected Daniel T. Schmitt ("Schmitt") as the next President and Chief Operating Officer of HHHunt.

Schmitt started his real estate career in 1985 with Wagner and Associates, a Richmond Commercial Real Estate firm. He joined HHHunt in 1989 as a Project Manager, was promoted to Director of Land Development in 1992, became the Vice President of Community Development in 1994 and finally became the General Manager and President of HHHunt Communities in 1996. He holds an undergraduate degree in Psychology from Randolph -Macon College and a Masters of Business Administration degree from James Madison University. Schmitt and his wife, Wendy, have 4 children and reside in Hanover County, Virginia. He is an avid bicyclist and stays actively involved in several philanthropic endeavors.

According to Reemsnyder, "Schmitt is a valuable member of the current HHHunt executive management team. With 23 years with HHHunt, he knows a great deal about the company culture, our people and our diverse and growing operations. In turn, we know a lot about him and have great confidence that he will provide capable leadership for our continued growth."

While Schmitt has already been familiarizing himself with other areas of the business, he will start his official transition period in June 2012, at which time he will become Executive Vice President and COO in training. He will continue in the near term leading HHHunt Communities and his primary office will remain in Richmond, VA. "I am excited to continue with HHHunt in an expanded leadership role," says Schmitt. "For 23 years, I have witnessed the impressive growth and quality of our products, our services and our people. I understand the tremendous power of collaborative teamwork and partnerships. These are core principles that will continue to contribute to our success."

During his 23 year tenure with HHHunt, Schmitt has worked in several land development capacities focusing on large scale, mixed-use developments. He has been responsible for directing all land acquisition efforts, development operations, sales and marketing, and community management of all HHHunt community development operations. Further, he oversees HHHunt's country club and golf operations at The Dominion Club and Hunting Hawk Golf Club.

Says Schmitt, "The mission of HHHunt is to provide exceptional places for people to live, whether it is in our master-planned communities, single-family or apartment homes or senior living communities. Our people are committed to excellence. This, along with a strong customer focus and innovative product development will position HHHunt as an industry leader for many years to come." Schmitt has been instrumental in the success of the award-winning Richmond, Virginia master-planned communities of Wellesley, Wyndham, Twin Hickory, Rutland and The Villages of Charter Colony. These communities collectively include nearly 8000 homes and have been recognized nationally for excellence in community planning and design, community management, and sales and marketing. In his current capacity, Schmitt is overseeing the development of approximately 12,800 homes in new communities located in Chesterfield County, Hanover County, Henrico County, Williamsburg and Hampton Roads, Virginia, as well as retail and office projects in the Richmond area.

Upon completion of the one year transition period he will assume the role of President and COO in June 2013. "HHHunt's culture of innovation, coupled with aggressive growth, has served the company well for over four decades," says Schmitt. "I look forward to working with our people to ensure that this tradition continues." Adds Reemsnyder, "HHHunt's ownership and senior leadership team are excited and enthusiastic about the company's future under Dan's capable leadership."

HHHunt is a diversified regional real estate development and management company with residential communities in Virginia, North Carolina, South Carolina and Maryland. HHHunt, with primary offices in Blacksburg, VA, Richmond, VA and Cary, NC, employs over 1600 people in the areas of community development, home building, apartment development/management, senior living development/management, country club management and community management.

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