William Lyon Homes Announces Creation of New 55+ Brand — “Ovation, a Lyon Active Adult Community”

ORANGE COUNTY, Calif., March 21, 2017 -- William Lyon Homes recently announced its new focus on the emerging 55+ active adult market — “Ovation, a Lyon Active Lifestyle Community” and in the Pacific Northwest, “Ovation, a Polygon Active Lifestyle Community.” By leveraging its experience in product design and place-making, William Lyon Homes will differentiate Ovation from traditional “cookie-cutter” active adult communities by cultivating an appealing brand lifestyle for 55+ buyers who prefer a more intimate, unconventional and contemporary residential environment.

Ovation communities are the ultimate home and lifestyle experience for 55+ homebuyers who thrive on social connection and who celebrate uniqueness and spontaneity. Ovation communities present an entirely new interpretation of what a modern active adult community should be.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ed641a59-268f-4bac-a41c-7b05086433ed

With a significant segment of the population age 55 and older, coupled with their preference to own versus rent and a strong desire to seek new housing opportunities that will enable them to age in place, William Lyon Homes recognized the opportunity to respond to this increasing buyer segment with a new approach.  The William Lyon Homes team is focusing their development expertise to create and deliver active adult communities that will address a specific niche opportunity within the 55+ segment market, namely by offering small to mid-sized scale communities located close to urban and suburban areas enabling convenient access to the greater area amenities.  In addition, the Ovation communities will feature architecture, amenities and ambiance that are innately different from the competition.  Contemporary product design brimming with natural light, private indoor/outdoor living spaces and smart technology will be a defining characteristic. 

“At William Lyon Homes, we take great pride in understanding the needs of consumers and tuning in to their aspirations,” said Matthew Zaist, CEO for William Lyon Homes. “Today’s 55+ homebuyers are sophisticated and vital, and they’re searching for something different. We feel confident that these new Ovation communities will fill that niche with an entirely new interpretation of what a modern active adult community should be.”

William Lyon Homes is entering the 55+ active adult market with the debut of several new Ovation active lifestyle communities in highly desirable markets including Phoenix, Arizona, Las Vegas, Nevada, Lacey, Washington and Orange County, California.

The builder’s commitment to a standard of beautiful aesthetics and quality craftsmanship ensures these communities will be set apart from competitors, offering distinctive single-story residential designs with open living spaces, abundant natural lighting, private outdoor spaces, quality finishes, energy-efficient amenities and useful technology features. The homes offered at all Ovation active lifestyle communities will assure buyers are not limited to “down-sizing,” giving them the opportunity to “right-size” with a home that fits their individual lifestyle.

Ovation active lifestyle communities will also be characterized by a liberating and refreshing atmosphere that and focuses on individual choice, fun and spontaneity. Each community location will be less remote and self-contained than typical active adult settings and will ensure lifestyle priorities are accommodated with access to retail, restaurants, outdoor recreation, medical centers, airports and more. Since approximately 70% of this market segment expects to postpone retirement, they will also be within comfortable proximity of business centers.

To learn more about Ovation, A Lyon Active Lifestyle Community, visit www.OvationLiving.com for details.

It matters who your builder is and William Lyon Homes is a company built upon a legacy of pride and integrity. A team of visionaries who are passionate about homebuilding and committed to providing a high quality homebuying and homeownership experience, William Lyon Homes has earned a solid track record for outstanding construction and customer service since 1956. The company expands its well-respected brand beyond California, Arizona, Nevada and Colorado into other market areas across the Western region with the acquisition of Polygon Northwest Homes, its division in Washington and Oregon. William Lyon Homes' shares are publicly traded on NYSE under the symbol WLH. For updated information and to learn more, visit www.lyonhomes.com. 

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

CONTACT:
Brittany Duhs – [email protected]
(949) 417-1799