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AV Homes to Open Two New Communities at Verrado


AV Homes to Open Two New Communities at Verrado

New Communities Planned for DMB's Verrado Community

SCOTTSDALE, AZ -- (Marketwired) -- 10/17/13 -- AV Homes (NASDAQ: AVHI) has announced the purchase of two land parcels, containing a total of 170 home sites, are located within the acclaimed DMB master-planned community of Verrado in Buckeye, Arizona. AV Homes expects to begin sales within these communities in the first quarter of 2014.

The first community will include single and two-story homes with designs ranging in size from 1,950 to 3,380 square feet with estimated starting prices in the low $200s. The second community will include floor plans ranging from 2,340 to just over 4,000 square feet and will start from the mid-$200s.

Floor plans will feature open living spaces, multi-generational suites, teen rooms, and expanded kitchens, all design elements that are popular with today's new home consumer. These single and two-story homes will feature striking exterior architecture and great indoor and outdoor living spaces.

Just 25 miles outside Phoenix, Verrado is anchored by a pedestrian-friendly Main Street and offers residents a championship golf course, miles of parks and trails, excellent educational and recreational facilities as well as a variety of clubs and activities. Verrado has excellent access to transportation with access to Interstate 10 just one mile south and Loop 303 just five miles to the east. More information on the Verrado community can be found at http://verrado.com/.

About AV Homes AV Homes, Inc. was formed in 1970. It is best known for the development of Poinciana, an award-winning 47,000-acre master-planned community near Orlando, Florida. Today, the company is engaged in homebuilding, land development and other real estate operations in Florida and Arizona with its new Carolinas division already in development of its first community. Its principal operations are currently located at Solivita near Orlando, and CantaMia near Phoenix. AV Homes currently builds homes for people of all ages including active adult communities intended for those 55 years and older in both the Central Florida and Phoenix metro homebuilding markets. www.avhomesinc.com

Media Contact: Jennifer Spangler Zion & Zion www.zionandzion.com 480-751-1007 x128 jennifer@zionandzion.com www.twitter.com/jenniferazpr

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