Industry Veteran Todd Palmaer Named President and CEO of RSI Communities

NEWPORT BEACH, CA--(Marketwired - Jan 18, 2016) - Homebuilding industry veteran Todd Palmaer has been appointed president and CEO of RSI Communities LLC, an affiliate of RSI Holding LLC. Palmaer, who brings 30 years of building experience to the company, will focus on expanding RSI Communities' regional and national footprint. Along with acquiring land to develop its own communities, RSI is also partnering with landowners and will build homes for first-time homebuyers as well as single family home rental communities. The company's unique approach to homebuilding offers high-quality, energy-efficient homes built faster and more affordably than traditional new home construction.

"Todd Palmaer is widely acknowledged in the homebuilding industry as a strong and effective leader. His experience and expertise, coupled with the timing of his appointment, will help drive RSI Communities' growth initiatives," said Ronald M. Simon, founder and chairman of RSI Holding LLC. "Under Todd's leadership, we will continue to expand our team as well as reach into other high-growth markets."

Palmaer has previously served in leadership positions at Standard Pacific Homes, Lennar Homes and Greystone Homes. Most recently, he was the Regional President of Standard Pacific Homes' Northern California, Texas and Colorado regions. He has previously managed the Southern California and Arizona regions as well.

RSI Communities currently has several active projects in Southern California and Texas. Key to the company's forward-looking strategy is expansion into growing markets including Arizona and Florida as well as further expansion into Texas and Northern California.

Palmaer credits RSI's strong financial backing and relentless commitment to innovation and improving the homebuilding process as key factors into his decision to join the company.

"We have the capital and resources necessary to aggressively grow and accomplish our goal of building beautifully crafted homes and communities in high-growth markets."

About RSI Communities LLC
RSI Communities LLC, formerly RSI Development LLC, is an innovative California-based homebuilder that brings a unique approach to the construction of new homes. The company's Precision-Built^sm construction process applies lean manufacturing principles and supply chain management to homebuilding. RSI continues to deliver high-quality, energy-efficient homes faster and more affordably than traditionally built homes. Founded in 2008, RSI has built award-winning communities throughout southern California and Texas. Besides acquiring and developing land, the company also seeks partnerships with landowners to build communities in California, Arizona, Florida and Texas as well as other thriving residential markets.