KB Home Announces the Grand Opening of Paseo Place in Chandler

Builder’s new community offers beautiful homes starting from the high-$200,000s in a sought-after South Chandler location

KB Home (NYSE: KBH), one of the nation’s largest and most recognized homebuilders, today announced the grand opening of Paseo Place, a new home community located in the desirable South Chandler area. Homebuyers at Paseo Place will have the opportunity to live in an established neighborhood near Loop 202 and Interstate 10 that offers great access to major employment centers in downtown Phoenix, Scottsdale and Mesa.

Paseo Place is also ideal for residents who want to live close to popular destinations like SanTan Village and Chandler Fashion Center Mall, as well as numerous grocery stores and smaller retail centers in the surrounding area. In addition, homeowners at Paseo Place can enjoy on-site amenities such as a pool, playground and ramada, and the community will be served by the highly-ranked Chandler Unified School District.

KB Home plans to construct a total of 90 single-family homes at Paseo Place, ranging in size from 1,810 to 2,561 square feet with up to five bedrooms, two-and-a-half baths, and two-car garages. Priced from the high-$200,000s, the KB homes at Paseo Place include a number of desirable design features, and can be personalized to suit each homebuyer’s individual preferences.

As with all new KB homes, those available at Paseo Place will be ENERGY STAR® certified, meaning they are some of the most energy-efficient available today and have the potential to save homeowners money on their utility costs when compared to typical new or resale homes.

KB Home’s Paseo Place is now open at 220 East Bluejay Drive. For more information, visit www.kbhome.com or call 888-KB-HOMES.

About KB HomeKB Home is one of the largest and most recognized homebuilders in the United States and an industry leader in sustainability, building innovative and highly energy- and water-efficient new homes. Founded in 1957 and the first NYSE-listed homebuilder (ticker symbol: KBH), the company has built nearly 600,000 homes for families from coast to coast. Distinguished by its personalized homebuilding approach, KB Home lets each buyer choose their lot location, floor plan, décor choices, design features and other special touches that matter most to them. To learn more about KB Home, call 888-KB-HOMES, visit www.kbhome.com or connect on Facebook.com/KBHome or Twitter.com/KBHome.

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KB HomeCraig LeMessurier, [e-mail]