YCH Communities Announces Expansion Into Land Development

Pleasanton, California-based homebuilder YCH Communities L.L.C. announced its expansion into land entitlement and development with the formation of YCH Development LP. The new entity will provide the homebuilder with a steady supply of entitled properties at attractive wholesale prices.

YCH COMMUNITIES EXPANDS INTO LAND DEVELOPMENT
Homebuilder Names New Vice President and Outlines Expansion Plans

PLEASANTON, CA - October 3, 2004 - Tri Valley-based homebuilder YCH Communities L.L.C. announced its expansion into land entitlement and development with the formation of YCH Development LP, and named Perry Hariri, 35, vice president of the new operation. YCH Development will focus on generating original residential land entitlement and development opportunities throughout California, providing a steady supply of entitled properties at attractive wholesale prices for the homebuilding entity.

With increasingly intricate land use regulations and active community involvement, land entitlement and development in California has become a highly involved endeavor. YCH Development was created to provide YCH Communities with opportunities for consistent, sustained organic growth, relying more on its internal generation of entitled lots and less on the outside purchase of mapped lots at retail prices from other developers.

YCH Development is uniquely positioned to provide the expertise and financial resources required to work with jurisdictional agencies and community groups to bring infrastructure, employment and housing to communities," says Mr. Hariri. Im fortunate to be a part of the YCH group of companies with their entrepreneurial and innovative approaches to development and homebuilding."

Were thrilled to have Perry at YCH Development. He brings valuable experience developing raw land and entitling properties throughout the United States," says Michael A. Howl, Vice President, Land Acquisition, Sales & Marketing, YCH Communities, L.L.C. Perry's talent and diverse background combined with his years of experience in acquisition and development make him a tremendous asset to the company. We look forward to his guidance and leadership."

Prior to joining YCH Development in June 2004, Mr. Hariri was involved in acquisitions, entitlement and development of single-family communities, urban infill developments and second-home destination resorts throughout the U.S. Mr. Hariri holds a B.S. in civil engineering from the University of California Los Angeles and a J.D. (cum laude) from the University of San Diego.

YCH Communities L.L.C., established in 1995, is a residential developer and homebuilder of quality, single-family detached homes, with communities in northern and southern California, and with plans to build in Sacramento and the Central Valley. Its mission is to build affordable quality homes and develop attractive neighborhoods that complement their environments and provide enduring impressions. The company was recently ranked 5th in BUILDER magazine's 2004 Fast Track 100 (9/01/04), which ranks the fastest growing homebuilding companies in the US. For more information about YCH Communities L.L.C., visit www.ychnet.com

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Contact:
Rachel Greene, Marketing Coordinator, YCH Communities L.L.C., (925) 621-3024, rgreene@ychnet.com
Michael A. Howl, V.P., Land Acquisition, Sales & Marketing, YCH Communities L.L.C., (925) 621-3022, mhowl@ychnet.com
Perry Hariri, V.P, YCH Development LP, (925) 621-3032, phariri@ychnet.com