Media Release  
CONTACT:   Cameron Andrews
Pier Communications


Gladys O’Donnell, Winner Of Two Historic Women’s Air Derby Races,
Featured; Celebrated Airplane Wing Unveiled As Conference Room Table

HENDERSON, Nev., (August 18, 2005) --- Desert Capital REIT, Inc., a Henderson, Nevada-based real estate investment trust, will showcase its freshly established 42,000-square-foot, two-story corporate offices at 1291 Galleria Drive, while unveiling its 23-foot, 1,400-pound restored airplane wing conference room table today from 5 p.m. to 7 p.m.

It will be exactly 75 years ago that Southern California aviation pioneer Gladys O’Donnell took first place in the 1930 Women’s Air Derby from Long Beach, Calif., to Chicago in her Waco Taperwing airplane. The winning wing will be dedicated in a ceremony with Lorraine O’Donnell Doyle, daughter of Gladys O’Donnell, and author of Second To None
– The Story of Lloyd and Gladys O’Donnell and the 1929 Women’s Air Derby.

Desert Capital REIT commissioned the restoration of the winning wing, which will serve as a conference room table at its new corporate headquarters.

“Gladys O’Donnell’s preserved airplane wing stands as a symbol of the pioneer spirit, tenacity, and determination of all women in American aviation,” said Todd B. Parriott, CEO and Chairman of the Board of Directors of Desert Capital REIT, Inc. “And
Desert Capital will continue to support that same pioneer spirit in Nevada through its real estate investment trust clients, investors, and employees and with its corporate headquarters consolidation and move to Henderson.”

The wing conference room table dedication and new building ceremony will be highlighted by Proclamation presentations by Nevada Governor Kenny C. Guinn’s office and Henderson Mayor James B. Gibson. Also expected to attend the ceremony is Henderson City Councilman, Jack K. Clark, Ward III; Henderson City Economic Development Manager Bob Cooper; and other dignitaries and special guests.

Desert Capital’s new building was originally built in 2002 and the final sale was complete in mid 2005 at a cost of $6.3 million. The new facility is home to Desert Capital REIT, Inc., CMC Financial Services, Inc., Consolidated Mortgage, LLC and Residential Capital Corporation, which occupy 21,000 square feet of office space on the second level, that now features three reception stations servicing 41 offices in the four divisions and include more than 50 employees. The overall design of the space has a contemporary feel, while maintaining a traditional financial ambiance.

Adding to the present-day air of the new building with its wing conference room table design and restoration is MotoArt of Torrance, Calif., designers and manufactures of industrial functional art from vintage aircraft and munitions, and WACO Classic Aircraft Corp. of Battle Creek, Mich., a vintage aircraft manufacturing and restoration company.

The refurbished wing took five primary artists more than 300 hours to design and restore and from tip-to-tip measures over 23 feet, with a width of more than 5 feet in the center point. Two separate glass pieces weighing more than 1,200 pounds combined serve as the wing’s desktop. Specialty lighting in the wing highlight the ribs of the structure. The red and yellow colors are identical to those featured on the airplane in the 1930s. More than 90 percent of the wing’s wood is original. The airplane’s last flight was in the early 1960s.

About Desert Capital REIT
Desert Capital REIT, Inc., is a Henderson, Nevada-based real estate investment trust that invests in loans to owners and developers of real estate properties. Formed in December 2003, Desert Capital’s portfolio of mortgage loans consists of acquisition and development, construction, commercial property and residential loans. For more information, please call (800) 419-2855 or visit

Statements included herein that state the company’s or management’s intentions, hopes, beliefs, expectations or predictions of the future are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 which by their nature, involve known and unknown risks and uncertainties. The company’s actual results, performance or achievements could differ materially from those expressed or implied by such statements.