AV Homes Breaks Ground on Encore at Eastmark

AV-Homes-Logo-for-DMBNational Homebuilder Begins Development of 55-Plus Community at DMB’s Eastmark

SCOTTSDALE, AZ–(Marketwired – Apr 25, 2014) – AV Homes, Inc. (NASDAQ: AVHI) has broken ground on its newest 55-Plus community in DMB’s acclaimed master-planned community of Eastmark in Mesa, Ariz. The new community, located at Ray Road just east of Ellsworth, will begin sales in early 2015 and already has hundreds of interest list sign-ups. AV Homes plans to begin construction on an eight model home sales complex and Village Center prior to the end of 2014.

Encore at Eastmark has been specifically planned and designed for 55-Plus active adults and is a highly-anticipated addition to the popular master planned community of Eastmark. Encore will feature four unique home design series with over 900 homes upon completion. Community amenities will include a gorgeous, 15,000 square foot state-of-the-art Village Center featuring a luxurious resort pool, fitness center, class facilities, and a full calendar of social events. Encore is the perfect setting for winter visitors, as well as Phoenix-based empty nesters who want to live a carefree and active lifestyle.

Eastmark is quickly becoming the focal point in the fast growing development corridor along the 202 Freeway in the Southeast Valley. Grand Canyon University recently announced plans for a new campus at Eastmark and Apple is currently underway with construction of a manufacturing plant nearby. Encore’s premier location will provide opportunities for Encore’s residents to stay connected with the community, take advantage of educational resources and explore new interests. The 55-Plus market is expected to grow over the next few years as more baby boomers retire and become year-round or seasonal residents of popular Sunbelt States like Arizona.

About Eastmark:
At five square miles (3,200 acres), Eastmark is a vibrant, integrated and evolving regional community poised as “The Heart and Hub of the East Valley.” Eastmark sits at the center of a major transportation hub anchored by the Phoenix-Mesa Gateway Airport, three major freeways, numerous businesses and acclaimed educational institutions. BASIS and Pathfinder Academy charter schools have selected Eastmark for their campuses offering residents and the region new educational opportunities, as well as Grand Canyon University that is planning a college campus at Eastmark. The expansive 106-acre Eastmark Great Park connects residential areas, resort components, employment cores, recreational spaces and commerce. Eastmark is the largest privately held, contiguous property in the Southeast Valley. www.Eastmark.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 three communities. Its principal operations are currently located at Solivita near Orlando, and CantaMia near Phoenix. It 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

Jill Hegardt

Vice President

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