Tustin Park To Be Named In Honor Of Ron Foell, Co-Founder Of Standard Pacific Homes

TUSTIN, Calif., July 28, 2015 /PRNewswire/ -- Standard Pacific Homes (NYSE: SPF), one of the nation's leaders in homebuilding quality, today announced the naming and dedication of 'Ron Foell Park' located within Greenwood, a planned community that is a part of Tustin Legacy, the area's newest master-planned community that sits on the 1,500 acre site of the former Marine Corps Air Station in Tustin. Ron Foell, Chairman of the Board of Standard Pacific Homes, co-founded the Company with Art Svendsen in 1965. Guided by Foell's leadership, Standard Pacific Homes has become an industry leader and recently announced plans to merge with Ryland Homes to form the fourth largest homebuilding company in the nation. Ron will retire from his position as Chairman of the Board of Directors when the transaction closes which is anticipated for fall 2015.

Standard Pacific Homes announces the naming and dedication of 'Ron Foell Park' located within Greenwood, a planned community that is part of Tustin Legacy, the area's newest master-planned community that sits on the 1,500 acre site of the former Marine Corps Air Station. Ron Foell , Chairman of the Board of Standard Pacific Homes, co-founded the Company with Art Svendsen in 1965.

Bearing his namesake, the six acre Ron Foell Park pays tribute to the area's natural landscape and offers recreational activities for all generations. The naming of the park marks the 50th year since the company first put its name on a 54-home community called Summerfield Homes in Tustin, CA.

"The naming of Ron Foell Park holds tremendous significance as Greenwood in Tustin Legacy is situated just one mile from where Ron Foell and Standard Pacific Homes debuted its first-ever community fifty years ago in 1965," said Mayor Chuck Puckett. "The new park will create a dynamic center for recreation in the heart of Tustin."

"Ron's leadership at Standard Pacific Homes has been instrumental in shaping the landscape of the housing industry," said Scott Stowell, President and CEO of Standard Pacific Homes. "Naming the park in his honor is a wonderful way to celebrate his legacy of building community."

Ron Foell Park is situated at the center of Greenwood in Tustin Legacy. The park is comprised of two distinct sections with over five acres dedicated to the public. The focal point of the park is a large, multi-functional lawn outlined by heritage trees to provide shaded areas. The space also includes an amphitheater for concerts in the park, a basketball court, two bocce ball courts, an 'Adventure Zone' with two children's play structures, 1.4 miles of interconnected walking trails and picnic pavilions.

Within Ron Foell Park is The Residents Only Legacy Club. The Legacy Club features amenities for Greenwood in Tustin Legacy residents including a clubhouse with a catering kitchen, a covered outdoor living space, a resort-style pool and spa, an interactive water play area, fire pits, barbeques and private restrooms and showers.

Greenwood in Tustin Legacy offers home shoppers four neighborhoods, Sheldon, Huntley, Crawford and Stafford, where innovative new home designs incorporate luxurious design details that meet the tastes and preferences of today's discerning move-up buyers. The designs feature Great Room centered floor plans, gourmet kitchens, outdoor living rooms and spa-like master suites. Prices range from the low $700,000s to the low $1,000,000s.

About Standard Pacific Homes
Standard Pacific Homes has been building beautiful, high-quality homes and neighborhoods since its founding in Southern California in 1965. With a trusted reputation for quality craftsmanship, an outstanding customer experience and exceptional architectural design, the Company utilizes its decades of land acquisition, development and homebuilding expertise to successfully navigate today's complex landscape to acquire and build desirable communities in locations that meet the high expectations of the Company's targeted move-up homebuyers. Currently offering new homes in major metropolitan areas in Arizona, California, Colorado, Florida, North Carolina, South Carolina, and Texas, we invite you to learn more about us by visiting www.standardpacifichomes.com

About Greenwood in Tustin Legacy
Developed by Standard Pacific Homes, Greenwood in Tustin Legacy is a brand new, planned community located within the 1,500-acre, master-planned community of Tustin Legacy in Tustin, CA. Situated at the center of Orange County, the community offers four residential neighborhoods that showcase all new architectural concepts within a thoughtfully planned setting. Greenwood pays tribute to the area's natural landscape through miles of interconnected walking trails, dedicated green space, parks, heritage trees, picnic pavilions and adventure play zones. Residents will enjoy impeccable craftsmanship, impressive indoor-outdoor living features and extensive neighborhood amenities, including the future Greenwood Park and the residents-only Legacy Club.  For more information, visit www.greenwoodintustinlegacy.com

Forward Looking Statements
This news release contains forward looking statements, including, but not limited to, statements regarding the closing and expected timing for closing of the Company's proposed merger transaction with Ryland Homes. Forward-looking statements are based on current expectations or beliefs regarding future events or circumstances, and you should not place undue reliance on these statements.  Such statements involve known and unknown risks, uncertainties, assumptions and other factors many of which are out of Standard Pacific's control and difficult to forecast that may cause actual results to differ materially from those that may be described or implied.  Such factors include but are not limited to:  Standard Pacific and Ryland may be unable to obtain stockholder approval as required for the merger; conditions to the closing of the merger may not be satisfied or waived; and the transaction may involve unexpected costs, liabilities or delays or may not be consummated at all. Standard Pacific and Ryland assume no, and hereby disclaim any, obligation to update any of the foregoing or any other forward-looking statements.  Standard Pacific and Ryland nonetheless reserve the right to make such updates from time to time by press release, periodic report or other method of public disclosure without the need for specific reference to this press release.  No such update shall be deemed to indicate that other statements not addressed by such update remain correct or create an obligation to provide any other updates.

Contact: Danielle Tocco
Director of Communications
Standard Pacific Homes

Photo - http://photos.prnewswire.com/prnh/20150728/247626


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SOURCE Standard Pacific Homes

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