Kettler Celebrates First Move-Ins at Rappahannock Landing in Fredericksburg

MCLEAN, Va., Dec. 5, 2011 /PRNewswire/ -- Kettler, Inc., one of the nation's top multifamily developers, today announced that move-ins are under way at the first phase at Rappahannock Landing in Fredericksburg, Va., a community of townhomes developed by Kettler and built by NVR's Ryan Homes division, representing the most affordable new homes of their kind in Northern Virginia.

Model homes opened in September with prices starting in the upper $170s and prospective home-buyers began touring the community, which will eventually consist of 600 units over four phases.

According to Ryan Homes, the new townhomes at Rappahannock Landing are available in three all-new floor plans offering between 1,280 and 2,440 square feet with up to 4 bedrooms and 3 1/2 baths. With three finished levels, these new townhomes offer ample living space, spacious eat-in kitchens with G.E.® appliances, 9' first floor ceilings, private owner's suites with walk-in closets, bedroom level laundry rooms and large finished recreation rooms. All three plans are available with a 1-car garage.

"These selling prices are unheard of for new construction of this caliber, so we are not at all surprised at the immediate reaction from home-buyers who recognize great floor plans, high quality construction and all around outstanding value when they see it," said Robert Kettler company founder and CEO, noting Kettler's 30-year history of working with NVR and Ryan Homes. "With this partnership, the home-buyers are the winners and they're benefiting from our land development expertise and NVR's reputation as one of the region's best builders."

Located in Stafford County, Rappahannock Landing offers one of the area's most commuter friendly locations. Located off of Musselman Road, the community is less than one half mile from I-95 and Route 17 and just minutes to VRE. A variety of shopping and dining options are within close proximity – including Central Park, Spotsylvania Towne Centre and historic Downtown Fredericksburg.

Future amenities planned for the community include a Junior Olympic swimming pool and clubhouse, pocket parks and open spaces as well as maintenance-free living with lawn care included.

Like all new Ryan Homes, the Rappahannock Landing townhomes are fully ENERGY STAR® Qualified, yielding monthly utility bills up to 30 percent lower than standard homes, according to the EPA. All Ryan Homes also carry 10-year structural warranties and are independently inspected for quality by a third-party provider.

To visit Rappahannock Landing in Fredericksburg, take I-95 to Exit 133A toward Falmouth. Take the first right at the traffic light onto Short Street and continue to the stop sign. Turn left onto Musselman Road, then left at the Rappahannock Landing community entrance. The model home is ahead on the left. Hours are: Mon. 12-6, Tues -Fri. 10-6, Sat. & Sun. 11-6. To arrange a private sales consultation, or for further information, please phone (540) 710-0378.

About NVR

NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, operates in two business segments:  homebuilding and mortgage banking. The homebuilding unit sells and builds homes under the Ryan Homes, NVHomes, Rymarc Homes and Fox Ridge Homes trade names, and operates in 26 metropolitan areas in 15 states. For more information about NVR, Inc. and its brands, see www.nvrinc.com, www.ryanhomes.com, www.nvhomes.com, www.foxridgehomes.com and www.rymarc.com.

About Kettler Inc.

Headquartered in McLean, Va., Kettler Inc. was founded in 1977 and is among the top multifamily housing developers in the nation. Kettler has developed more than 15,000 apartments and condominiums, 5 million square feet of commercial space, more than 46,000 homes in 25 master-planned communities and many of the region's premier mixed-use communities. Kettler Management manages more than 18,000 apartments in 85 communities from New York to the Carolinas and also offers a full range of services to corporate and institutional real estate owners. For more information, visit www.kettler.com.

ENERGY STAR is a registered trademark owned by the U.S. government.

Contact: Nicole Jones, 703-641-9000

SOURCE Kettler