Comstock Opens Townes at the Hampshires

  Comstock Opens Townes at the Hampshires

                  Classic Townhome Living in Washington, DC

Business Wire

WASHINGTON & RESTON, Va. -- July 23, 2013

Comstock Homes of Washington, LC, a wholly owned subsidiary of Comstock
Holding Companies, Inc. (NASDAQ: CHCI), has opened the townhome section of the
Hampshires, one of the largest new home communities currently being developed
in downtown Washington, DC. Comstock will be holding a Grand Opening
celebration that is open to the public at The Townes at the Hampshires on
Saturday, July 27 from 12:00 to 2:30 p.m. The Hampshires is located in the
6000 block of New Hampshire Avenue NE at its intersection with Peabody Street.

THE TOWNES at THE HAMPSHIRES - Washington, DC (Photo: Business Wire)

THE TOWNES at THE HAMPSHIRES - Washington, DC (Photo: Business Wire)

The Townes at the Hampshires is comprised of 73 luxury brick townhomes,
complementing Comstock’s City Homes at the Hampshires, a 38-unit section of
luxury single-family homes that Comstock opened in the fall of last year. The
Townes at Hampshires range in size from 1,600 to 2,000 square feet with four
levels of living space, including a roof top deck. Each townhome has three
bedrooms, a den, designer kitchens with upgraded appliances, granite
countertops and upscale cabinetry. Some of the townhomes include garages. The
Townes at the Hampshires are priced from $499,900.

“Early sales of The Townes at the Hampshires have been strong,” reports
Comstock spokesperson Maggie Parker, “continuing the trend that began with the
opening of the City Homes at the Hampshires. We are excited to be in a
position to meet the robust demand for high-quality, reasonably priced homes
in Washington.”

The community is located in the Lamond-Riggs neighborhood of Washington, DC,
providing easy access to the two Metro stations, Fort Totten and Takoma Metro,
and direct on-site access to the robust New Hampshire Avenue bus route. A
central park area enhances the lovely City-Style neighborhood, combining the
ease of urban living with green, open space. Comstock and its development
partner, Four Points, LC have designed the brick colonial homes to complement
the neighborhood.

For additional information please contact Debbie Warford at 202-499-5977 or
visit http://www.comstockhomes.com.

About Comstock Holding Companies, Inc.

Comstock is a multi-faceted real estate development and services company,
which builds a wide range of housing products under its Comstock Homes brand
through its wholly owned subsidiary, Comstock Homes of Washington, LC. Our
substantial experience in building a diverse range of products including
apartments, single-family homes, townhouses, mid-rise condominiums, high-rise
condominiums and mixed-use (residential and commercial) developments has
positioned Comstock as a prominent real estate developer and homebuilder in
theWashington, D.C.metropolitan area. Comstock Holding Companies, Inc. is a
publicly traded company, trading on NASDAQ under the symbol CHCI. For more
information about Comstock or its projects please visit www.comstockhomes.com

Cautionary Statement Regarding Forward-Looking Statements

This release contains "forward-looking" statements that are made pursuant to
the Safe Harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements involve known and unknown risks and
uncertainties that may cause actual future results to differ materially from
those projected or contemplated in the forward-looking statements including
incurring substantial indebtedness with respect to projects, the diversion of
management’s attention and other negative consequences. Additional information
concerning these and other important risks and uncertainties can be found
under the heading "Risk Factors" in the Company's most recent Form 10-K, as
filed with the Securities and Exchange Commission. Comstock specifically
disclaims any obligation to update or revise any forward-looking statements,
whether as a result of new information, future developments or otherwise.

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Contact:

Company:
Comstock Homes
Joe Squeri, 703-230-1229
Chief Financial Officer
or
Investor Relations:
LHA
Harriet Fried/Jody Burfening
212-838-3777
hfried@lhai.com