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AV Homes Appoints New Arizona Division President

Christopher Cady Joins AV Homes to Grow Its Arizona Portfolio

SCOTTSDALE, AZ -- (Marketwired) -- 07/24/14 -- AV Homes, Inc. (NASDAQ: AVHI) has announced the appointment of Christopher Cady as the president of its Arizona division. Cady will oversee all homebuilding operations for the Arizona Division.

Cady brings to the position 26 years of home building experience and has been involved in every facet of the business. He began his career as a project manager for Home Capital Corp. and then spent 15 years as a division president for Pulte in northern California and Nevada before moving into his most recent position as division president of central California at KB Home. During his time in the new home industry, Cady has worked in both traditional and active adult markets, making him a perfect match for the AV Homes Arizona division.

A graduate of San Diego State University with a B.S. in business administration, Cady has also been an active participant in his community, serving on a variety of industry association, university, and philanthropic boards. His work has been honored by a variety of awards including "Builder of the Year" and "Sacramento People Helping People."

Carl Mulac, AV Homes executive vice president said, "We are delighted to have Chris Cady join us at AV Homes. His vast experience in multiple markets and diverse market segments will be a valuable addition to the Arizona Team."

Currently, AV Homes has eight communities in Arizona open or slated to open this year, including the popular and award-winning 55-Plus community of CantaMia at Estrella as well as the traditional projects of Mountain Trails at Cortessa, Glen River at Canyon Trails, Saronno at Estrella, The Village at Litchfield Park, Glenwood at Verrado, Overton at Verrado and Mill's Run. Coming in 2015, is the highly anticipated Encore at Eastmark, the only 55-Plus community to be a part of DMB's master-planned community of Eastmark located on the former General Motors proving grounds near the Mesa-Phoenix Gateway Airport.

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 the Central Florida, North Carolina, and Phoenix metro homebuilding markets. www.avhomesinc.com

Media Contact:
Jennifer Spangler
Zion & Zion
www.zionandzion.com
480-751-1007 x128
Email Contact
@jen_spangler

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