Rhodes Emerges From Chapter 11

The firm is pleased to announce that the Rhodes Homes Companies, which filed for chapter 11 on March 31, 2009, have emerged from bankruptcy as a reorganized company. Rhodes Homes is a leading Nevada home builder and has developed 40 communities since its founding in 1988, generating over $2.4 billion in total revenues. Rhodes Homes has built more than 6,000 homes in the Las Vegas Valley during the past two decades. In 2008, Rhodes Homes sold 390 homes, generating revenue of $118.3 million, or $54.6 million net of expenses.