WATERFORD PRESIDENT RECOGNIZED BY LOCAL YMCA FOR VOLUNTEERISM

RESTON, Va. - Waterford Development President and CEO Mr. Jan A. Zachariasse was recently named 2005 Outstanding Adult Volunteer by the YMCA of Loudon County for his notable contributions and efforts to help the local branch expand and become a more prominent presence in the community.

"Jan's volunteerism is an inspiration to us all," says Ms. Niki K. Piersall, Director of Sales and Marketing for Waterford. "His service exemplifies Waterford's philosophy of putting people before profits, by building relationships with the communities we live in and build in."

Zacharaisse has been a driving force in promoting community involvement by fostering an environment of corporate philanthropy at Waterford. When Waterford relocated to a new office, the company donated all of its used furniture to the Loudon County YMCA. Waterford also supports the annual Loudon County YMCA 10K run and Chocolates Galore and More events.

"Initiative and vision. Those are two words that come to mind that describe Jan," said Wendell Fisher, Executive Director for the Loudon County YMCA. "He has been a consistent and diligent supporter of this YMCA for years, which has resulted in a much stronger association."

Zachariasse has been involved with the YMCA since he arrived in the U.S. from his native Holland and the Y served as his temporary home away from home. He has served on the YMCA of Metropolitan Washington Association Board and currently serves on the YMCA Loudon Board.

Waterford Development, recently named the Metropolitan area's 15th largest homebuilder, is a full-service real estate development company headquartered in Reston, Virginia, with an office in Raleigh, North Carolina. Over the past 15 years, Waterford Development has developed thousands of acres of land and completed numerous unique residential communities, as well as innovative office and retail spaces. Recent award-winning developments include Belmont Greene, Symphony Village, The Broadway, and The Palladium at McLean.