K. Hovnanian® Homes® Announces K. Hovnanian’s® Four Seasons at Parkland, the City’s First 55+ Active Adult, Resort-Style Community

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National homebuilder to break ground on an exclusive active adult community in one of Broward County’s most desired locations on April 8, 2015

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K. Hovnanian’s® Four Seasons at Parkland will provide top-quality homes that are designed specifically for this community, as well as abundant on-site amenities, within a friendly atmosphere in an ideal South Florida location.

Leading national residential builder, K. Hovnanian® Homes®, has announced plans to develop Parkland’s first resort-style community for 55+ active adults, named “K. Hovnanian’s® Four Seasons at Parkland”. This new community will be the first active adult community built by K. Hovnanian® Homes® in Florida since the company’s very successful K. Hovnanian’s® Four Seasons at Delray Beach completed sales in late 2013. K. Hovnanian’s® Four Seasons at Parkland promises a unique, luxurious and all-inclusive lifestyle for active adults that seek a single-family home coupled with a strong social component and sense of community. Home sites in a variety of sizes will be available.

K. Hovnanian’s® Four Seasons at Parkland is expected to include 538 home sites with perfectly appointed two- or three-bedroom home designs that will offer approximately 2,000 to 3,600+ square feet with attached two- or three-car garages. The community will showcase 12 professionally decorated model homes available to tour in a scenic park setting, offering interested homebuyers a glimpse into the vibrant yet serene lifestyle that awaits.

“We are incredibly excited to introduce K. Hovnanian® Homes®’ 55+ community in Parkland featuring resort-style living for baby boomers,” said K. Hovnanian® Homes® Florida Region President George Schulmeyer. “K. Hovnanian’s® Four Seasons at Parkland will provide top-quality homes that are designed specifically for this community, as well as abundant on-site amenities, within a friendly atmosphere in an ideal South Florida location.”

Residents of K. Hovnanian’s® Four Seasons at Parkland will enjoy 12 lakes, lush landscaping, fountains, large covered verandas, walking trails, an impressive entrance and a wide range of resort-style amenities to fulfill and enhance their active lifestyles. These amenities will include a world-class clubhouse with a fitness facility, grand ballroom, card and billiard rooms, arts and crafts room, two swimming pools, bocce ball, pickle ball, tennis and sports courts, Pro Shop with available tennis pro and much more.

This master-planned, gated community boasts a premier location on Loxahatchee Road in sought-after Parkland. K. Hovnanian’s® Four Seasons at Parkland is just minutes away from Broward and Palm Beach County’s best shopping and dining, with easy access to Florida’s Turnpike and the Sawgrass Expressway.    

“We’re very excited about this development, said Robert Vahradian, Senior Managing Director of GTIS Partners. “The active adult market segment is a huge beneficiary of the baby boomers entering into their 50s, 60s and 70s, and they want to be in new, highly amenitized communities in locations like Parkland, Florida with excellent weather, great shopping, and lifestyle options. This is the fourth joint venture and twenty-first community where we’ve partnered with K. Hovnanian® Homes®. They’re an outstanding homebuilder and partner.”

“Parkland has welcomed us with open arms, and we are thrilled at the opportunity to construct a remarkable community where residents can live life to the fullest,” said Derek Fenech, K. Hovnanian® Homes® Southeast Florida Division President. “K. Hovnanian’s® Four Seasons at Parkland will offer a unique active adult lifestyle, in one of the premier cities in the nation. South Florida has been waiting for this opportunity for quite some time. K. Hovnanian® Homes® is thrilled to make it a reality.”

One of the nation's most respected homebuilders for more than 55 years, K. Hovnanian® Homes® offers broad product diversification in communities throughout South Florida and across the country.

A groundbreaking ceremony will be held on April 8, 2015.

About Hovnanian Enterprises®

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Red Bank, New Jersey. The Company is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, Minnesota, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company’s homes are marketed and sold under the trade names K. Hovnanian® Homes®, Brighton Homes® and Parkwood Builders. As the developer of K. Hovnanian’s® Four Seasons communities, the Company is also one of the nation’s largest builders of active adult homes.

Additional information on Hovnanian Enterprises, Inc., including a summary investment profile and the Company’s 2014 annual report, can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at http://www.khov.com. To be added to Hovnanian's investor e-mail or fax lists, please send an e-mail to IR(at)khov(dot)com or sign up at http://www.khov.com.

About GTIS Partners

GTIS Partners is a global real estate investment firm headquartered in New York with offices in Los Angeles, San Francisco, São Paulo, Brazil, and Paris, France. GTIS Partners has 75 employees and currently has approximately $3 billion of assets under management. To date, the firm has committed capital to residential, retail, industrial, office, hotel and mixed-use projects in the U.S. and Brazil. In the U.S., GTIS has invested in over 70 projects across 20 states, including 55 projects in the residential sector. In Brazil, GTIS has invested in 38 projects comprised of approximately 15,000 residential units developed or planned, and six million square-feet of office, industrial and hotel projects. For further information, please visit http://www.gtispartners.com.

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Pamela Armstrong
K. Hovnanian® Homes®
+1 (954) 379-2115 Ext: 403
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