Lyon Communities Begins Construction on Apex in Milpitas

New Community Will Include Resort-Style Design, Architecture, Amenities. End Quote

(1888PressRelease) October 02, 2012 - Construction is underway at Apex, a new, modern apartment community anticipated to open in Milpitas in Spring 2013.

Built by Newport Beach-based Lyon Communities, recognized as one of the largest and most respected privately held multi-family real estate companies in California, Apex will feature 1 - 3 bedroom apartment homes with 1 - 2 bathrooms and an amazing array of resort-style amenities.

"Apex is a brand-new community unlike any rental opportunities in the region," said Suzanne Maddalon, Executive Vice President for Lyon Communities. "The resort-style amenities include a rooftop pool and spa, outdoor entertainment area with TV wall, fitness center and game rooms. They will be unmatched in the area and provide an upscale living experience that meets the demands of discerning Silicon Valley renters."

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.

Scheduled to begin leasing in early 2013, 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 options. Additional grocery stores and a big box retailer, Costco, are located near the community as well.

Apex will feature 366 apartment homes ranging from approximately 581 to 1,450 square feet. The homes will include modern, open floorplans with 9-foot ceilings, gourmet kitchens with stainless steel appliances, modern Caesarstone countertops and European style cabinetry, designer fixtures and hardware, oversized tubs in most floorplans, in-home washers and dryers, abundant storage space 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 pool and spa with multiple lounging areas and private cabanas, outdoor entertainment area with TV wall, a state-of-the-art fitness center, a movie theater, billiards and game room, a gourmet demonstration kitchen and Wi-Fi café. Additional community amenities include multiple courtyard parks with barbeques, picnic and entertainment areas; a group of e-business centers, a yoga/pilates studio and a pet grooming spa.

"Our goal is 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," said Maddalon.

For more information on Apex, visit www.LyonApex.com.

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 largest and most respected privately held multi-family real estate companies in Southern California. 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 12,500 apartment homes in California, Colorado, Florida, Georgia and Nevada. 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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