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UCP Headlines

Benchmark Communities Reaches 2,000 New Home Deliveries since 2013 IPO

- Company Has More Than Doubled its Total Number of
Homes Delivered Since the Beginning of 2015 -

SAN JOSE, Calif.--(BUSINESS WIRE)--January 5, 2017 - Benchmark Communities (“Benchmark”), an award-winning national homebuilder, announced today that it has reached a milestone of 2,000 new home deliveries since its parent company, UCP (NYSE:UCP), went public in 2013, with over 1,000 of these occurring since the beginning of 2015. Benchmark delivered its 2,000th home at its Olde Stonegate community in Mint Hill, North Carolina.

“We have made remarkable progress over the past three years, which is a testament to our hardworking employees who make it their priority to ensure all of our homebuyers are provided with high quality homes, award-winning customer service and a world-class buying experience,” said Dustin Bogue, President and Chief Executive Officer of Benchmark Communities. “I am extremely proud of our efforts and am confident we have the right team and strategy in place to continue the momentum and further increase our community count and the number of homes we deliver annually.”

Benchmark’s strong business performance is reflected in its success in Eliant’s annual Homebuyers’ Choice Awards competition, the gold standard for measuring customer satisfaction amongst industry professionals. In the 2016 competition alone, Benchmark won 20 awards across multiple categories, and was recognized as one of North America’s top-three multi-divisional homebuilders for its commitment to providing an exceptional purchase and ownership experience. In 2015, Benchmark received the highest number of awards earned by any homebuilder in the competition.

“I am honored to be part of a company where everything truly matters,” said Ralph Baja, National Director of Customer Relations and Process Improvement for Benchmark Communities. “From the planning and design, to construction and sale process, our commitment to provide our buyers with a purchase and ownership experience that is stress-free and enjoyable is what sets us apart. We are excited to achieve this milestone and look forward to continue growing our customer base and the Benchmark brand throughout our core markets.”

About Benchmark Communities

Benchmark Communities designs, constructs and builds high-quality, single-family homes for a variety of lifestyles and budgets in California, Washington, North Carolina, South Carolina, and Tennessee. The brand is recognized by homebuyers for its high-quality construction and craftsmanship, cutting-edge home design, and customer-centric service and warranty programs. Benchmark Communities is a wholly-owned subsidiary of San Jose-based UCP, Inc. (NYSE: UCP).

Investor Relations:
Investorrelations@unioncommunityllc.com
408-207-7499 Ext. 476

Media Relations:
Matthew Chudoba
matthew.chudoba@icrinc.com
203-682-8217