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

CHANDLER, Ariz.–(BUSINESS WIRE)–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 Home
KB 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.

Contacts

KB Home
Craig LeMessurier, 925-983-4509
clemessurier@kbhome.com