UCP Announces Grand Opening Of The Preserve At Tumwater Place

UCP, Inc., (NYSE:UCP) (“UCP”) a homebuilder and land developer based in San Jose, California, today announced the grand opening of The Preserve at Tumwater Place, a 120-acre master-planned community located in Tumwater, Washington. The Preserve at Tumwater Place represents UCP’s first selling community in the Washington market.

Located at 8856 Yarrow Court Southeast, The Preserve at Tumwater Place features two unique single-family product types – The Bainbridge Collection and The Blakely Collection – inspired by the natural beauty of the Pacific Northwest and built by Benchmark Communities, UCP’s wholly-owned subsidiary. Together, the new home models offer eight innovative single-level and two-story floor plans to accommodate a variety of lifestyles and budgets.

“We are thrilled to open our first community in the Puget Sound area, a region defined by strong demographic and employment fundamentals,” said Dustin Bogue, president and chief executive officer of UCP. “The Preserve at Tumwater Place was carefully designed to cater to a diverse buyer segment, including entry-level, as well as first- and second-time move-up homebuyers. With an established selling community in Washington, we will continue to execute our long-term growth strategy which involves expanding our footprint in high-growth markets that meet our strict investment criteria.”

The Preserve at Tumwater Place’s single-family homes range from approximately 1,550 to 3,300 square feet and include up to six bedrooms and three baths with introductory pricing starting in the low $200,000s. Each floor plan offers a variety of elevation choices and intelligent space planning that maximizes the space, appeal and function of each home. In addition, all homes boast high quality standard finishes, open island kitchens, nine-foot first floor ceilings, covered outdoor spaces, hardwood flooring and gas fireplaces.

Situated in close proximity to the desirable Tumwater school district and the I-5 freeway, The Preserve at Tumwater Place has been approved to feature 544 homes at full build-out. The immediate area offers recreational opportunities for all ages with the Puget Sound, Nisqually Basin and numerous lakes, parks and trails just minutes away.

For additional information on The Preserve at Tumwater Place, please visit http://preserveattumwater.com. Homebuyers considering a future purchase at The Preserve at Tumwater Place should contact the sales office at 360-515-5763 to schedule a tour.

About UCP, Inc.

UCP, Inc., through its subsidiaries, is a homebuilder and land developer, with significant land acquisition and entitlement expertise, in growth markets in California and with a growing presence in attractive markets in the Puget Sound area of Washington State.

Copyright Business Wire 2010

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