Classic Residence at Silverstone Signs Agreement With National Bank of Arizona

Classic Residence at Silverstone, a continuing care retirement community (CCRC) currently under development, today announced it has signed a lease agreement with National Bank of Arizona. Subject to federal regulatory approval, the bank will operate a branch and offer other financial services in the senior living community when it opens in early 2010.

Classic Residence at Silverstone, the second senior living community from the award-winning partnership between Classic Residence by Hyatt and Plaza Companies, is committed to creating alliances with venerable Scottsdale-area businesses and organizations, like National Bank of Arizona, in order to provide its residents with an array of services, amenities and programming. The branch bank in the senior living community will provide residents with easy access to transactional banking, vault and safe deposit boxes, and other financial services.

"We are pleased to welcome National Bank of Arizona to Classic Residence at Silverstone," said Sharon Harper, president and CEO, Plaza Companies. "National Bank of Arizona has an excellent track record for delivering quality banking and high-touch customer care, and we are fortunate to be able to provide our residents with that level of service." "We look forward to providing financial solutions for the residents of Classic Residence at Silverstone," added Keith Maio, president and CEO, National Bank of Arizona.

Classic Residence at Silverstone, which will feature a care center that provides assisted living, skilled nursing and memory support, and 270 independent living units, including one- and two-bedroom apartments and private villas in a variety of floor plans, is now more than halfway complete. For more information or to view the model villas, call (480) 342-9800.

About Classic Residence at Silverstone
Classic Residence at Silverstone is the encore development from the award-winning partnership between Classic Residence by Hyatt and Plaza Companies. Ten years ago, Classic Residence by Hyatt brought its hospitality heritage to North Scottsdale by partnering with Plaza Companies, the highly reputable senior living developer, to build their first community for older adults at Grayhawk, which today is an award-winning community. Due to the great success of that community, the joint venture continues with Classic Residence at Silverstone. Located just two miles north of Grayhawk, the new $200 million+ continuing care retirement community (CCRC) will have approximately 270 independent living units and an on-site Care Center upon completion in 2010.

With more than 50 years of combined experience in the senior living industry and an unparalleled experience in Scottsdale, the sales team at Classic Residence at Silverstone brings an invaluable service to the community as the project continues to develop. Classic Residence at Silverstone's sales office is located at 23415 North Scottsdale Road, Suite 101, Scottsdale, Arizona 85255, (480) 342-9800 | 1-800-986-5212.

About Plaza Companies
Plaza Companies based in Peoria, Arizona, is an award-winning leader in development, acquisition and management of senior living communities, medical office properties, technology and bioscience parks. Founded in 1982, the company's portfolio of projects and communities developed and managed by the company is valued at more than $1 billion. Signature projects include SkySong, the ASU Innovation Center, Banner Estrella Medical Plaza, Classic Residence at Silverstone and Paradise Valley Medical Plaza. More information is available at http://www.theplazaco.com/ or calling (623) 972-1184.

Plaza Companies is the recent recipient of a number of important awards including Best of NAIOP 2009 Building of the Year, the Medical Office Building of the Year by BOMA, Best Places to Work in the Valley and the Best of 50 Plus Housing Awards for Senior Living.

About National Bank of Arizona
Founded in Tucson, Ariz., in 1984, National Bank of Arizona is a community bank serving professionals and meeting the needs of small and mid-sized Arizona businesses. Arizona's fourth-largest bank with more than $4.8 billion in assets, National Bank has over 75 offices throughout the state. For more information, visit http://www.nbarizona.com/.