Regis Homes of Northern California Introduces Altaire Townhomes in Palo Alto

PALO ALTO, Calif.--(Business Wire)--
Regis Homes of Northern California will open the sales office of
its new Palo Alto town home project, Altaire, on Saturday, August
16th. This unique collection of 96 lifestyle town homes is part of a
12-acre site that includes the Taube-Koret Campus, a $270 million
multi-generational living and recreational center slated for
completion in the fall of 2009.

Designed by the award winning Steinberg Group, Altaire's two and
three story town homes with up to four bedrooms and three and a half
bathrooms include the most contemporary architecture paired with the
latest interior finishes. Priced starting from the high $700,000's,
Altaire will provide new homeowners an ideal urban living arrangement
with spacious patios. Along with its modern design, Altaire offers
cutting-edge technology to satisfy residents' needs. With all units
connected to fiber optic cable lines, residents can utilize the high
speed Internet and digital phone connection upon move-in.

Each measure of aesthetic in Altaire is designed to meet the
strict standards of the Department of Energy's Energy Star program for
buildings and be Green Point Rated by Build it Green, a nonprofit
dedicated to promoting healthy, energy and resource efficient building
practices. Included are Energy Star appliances and Anderson high
performance dual pane windows, all which help the buildings exceed
California's Title 24 Energy Code by 15%. Indoor air quality includes
CRI Green Label Plus carpeting and formaldehyde free insulation.
Sensitive to its exterior environment, Altaire offers beautiful
landscape architecture with drought tolerant plants, and a water
conserving irrigation controller alongside a home and community
recycling infrastructure.

Altaire provides access to a complete community experience because
of its ideal location in south Palo Alto. The newly constructed town
homes provide a low-maintenance lifestyle that allows families to
enjoy their surrounding environment. With the close proximity of
high-ranking schools, major shopping centers, and Palo Alto's vibrant
downtown, Altaire offers desirable opportunities for families to live
in the Palo Alto community.

A unique benefit of Altaire is its immediate access to the
adjacent Oshman Family JCC that will be completed in 2009. The campus
will provide a community center with a public pool, spa, fitness
facilities, sports field, educational programs, and a preschool.

Regis Homes of Northern California, Inc., is one of Northern
California's leading homebuilding companies, specializing in
well-designed, well-located, high quality homes. Regis Homes has built
more than 1,000 residencies throughout Northern California and has
earned a reputation for employing sustainable land use, innovative
design, quality construction and attention to detail. For more on
Altaire and Regis Homes, please visit: www.regishomes.com.

Photos available upon request.

for Regis Homes of Northern California, Inc.
Gary Pike, APR, PR Director, 415-585-2100

Copyright Business Wire 2008