First Residents Moving Into Apex in Milpitas

Leasing Activity "Strong" At New Resort-Style Community. End Quote

(1888PressRelease) August 30, 2013 - The first residents are moving into Apex tomorrow, a new, modern apartment community that began leasing homes in July, officials announced today.

Built by Newport Beach-based Lyon Communities, recognized as one of the most respected privately held multi-family real estate companies in California, Apex consists of studio, 1, 2 and 3 bedroom and 1 - 2 bathroom homes, priced from $1,999.

"Leasing activity at Apex has been strong, and the people moving in today are among the first residents who took advantage of our pre-leasing opportunity," said Suzanne Maddalon, Senior Vice President for Lyon Communities. "We wanted to create a very special community for our residents by providing an environment with amenities and features which appeal to the active lifestyle enjoyed by Silicon Valley residents, and judging by the enthusiastic reception Apex has received, we have done just that."

Conveniently located near the South Bay, Apex residents will have easy access to the Silicon Valley's most vibrant employment centers, including San Jose, Santa Clara, Sunnyvale and Mountain View. The community is within walking distance to the light rail Great Mall station, and close to Highways 880, 680 and 237.

Apex is just blocks from the second-largest retail mall in the region, The Great Mall of the Bay Area, which offers more than 1 million square feet of shopping, dining and entertainment venues.

Apex features 366 apartment homes ranging from approximately 580 to 1,450 square feet. The homes include modern, open floorplans with 8 to 10-foot ceilings, gourmet kitchens with stainless appliances, quartz countertops and European-style cabinetry, designer fixtures and hardware, oversized tubs, in-home washers and dryers, and will be high-speed data ready.

Club Apex provides residents with an array of rooftop amenities that are an instant escape from the day's hectic pace. Those include a luxurious resort-style salt water pool and spa with multiple lounging areas and private cabanas, outdoor entertainment area with TV wall, BBQ's and fire pits, a state-of-the-art fitness center, a movie theater, professional billiards and game room, a gourmet demonstration kitchen and Wi-Fi café and card room. Additional community amenities include multiple courtyard parks with barbeques, picnic and entertainment areas; a group of e-business centers, conference centers, and a Pet Spaw™.

"Apex is a brand-new community unlike any other rental opportunity in the region," said Maddalon. "The rooftop amenities are unmatched in the area and provide an upscale living experience that meets the demands of discerning Silicon Valley renters."

For more information, or to make an appointment to tour Apex, potential residents should visit www.LyonApex.com or call the leasing office at 408-719-8740.

Lyon Communities is a leading real estate development and investment company headquartered in Newport Beach, California. Established in 1988 by General William Lyon and Frank T. Suryan Jr., it is recognized as one of the most respected privately held multi-family real estate companies in the Western United States. The company has a market capitalization of $2.0 billion and over the years has acquired more than 21,000 apartment homes and managed the development and renovation of 30,000 apartment homes in California, Colorado, Florida and Georgia. Lyon Communities takes pride in our ability to provide long-term, income-producing investments for our investors. Our communities offer residents a variety of housing and amenity choices with unparalleled customer service in some of the finest and most innovative rental living experiences in the country. For more information: www.lyoncommunities.com.

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