SAO PAULO, March 10 /PRNewswire-FirstCall/ -- Gafisa S.A. (NYSE: GFA; Bovespa: GFSA3), Brazil's leading diversified national homebuilder, and Construtora Tenda, S.A. (Bovespa: TEND3), Brazil's leading homebuilder exclusively dedicated to the low income segment, will host an investor day on March 11, 2008 at the Metropolitan Club in New York beginning at 2:00 p.m. Eastern Time/3:00 p.m. Brazil Time. The event will feature presentations by operating executives of both companies on industry trends, current financing alternatives and corporate strategies.

To access the webcast of this event, go to either http://www.gafisa.com.br/ir/ or http://www.tenda.com/ir/.

About Gafisa

We are one of Brazil's leading diversified national homebuilders. Over the last 50 years, we have been recognized as one of the foremost professionally-managed homebuilders, having completed and sold more than 900 developments and constructed over 40 million square meters of housing, which we believe is more than any other residential development company in Brazil. We believe 'Gafisa' is one of the best-known brands in the real estate development market, enjoying a reputation among potential homebuyers, brokers, lenders, landowners, and competitors for quality, consistency, and professionalism.

About Construtora Tenda S.A.

Tenda is a residential property developer focused exclusively on the low-income segment, serving the 4 - 20 minimum wage population. The Company employs its own sales force specifically trained to work with its target customers. Tenda has a presence in the largest metropolitan real estate markets in Brazil, and is focused on the areas of the country which have high housing deficits. Tenda is listed on Bovespa's Novo Mercado under the ticker TEND3.

    Gafisa Investor Relations:
    Julia Freitas Forbes
    Phone: +55 11 3025-9242
    Fax: +55 11 3025-9348
    Email: ri@gafisa.com.br
    Website: www.gafisa.com.br/ir
    Tenda Investor Relations:
    Paulo Mazzali
    CFO & IRO
    Gabriel Macarofq
    IR Manager
    e-mail: ri@tenda.com
    Website: www.tenda.com/ir

SOURCE Gafisa S.A.; Construtora Tenda S.A.