Air Force Sells Housing Projects

Air Force Sells Housing Projects
November 05, 2008
Air Force Print News

WASHINGTON - The sale of privatized military housing projects at four Air Force bases including Hanscom Air Force Base, Mass.; Little Rock AFB, Ark.; Moody AFB, Ga.; and Patrick AFB, Fla., and assumption of operations and management of the projects was announced by the new owners, HP Communities LLC. The sale consolidates into a single deal the housing privatization projects at the four bases and allows construction to restart at all locations.

The project also conveys 524 military family units at Patrick AFB for privatization. The new project will include a total of 2,619 end-state units, 456 of which will be newly constructed and 1,846 of which will be renovated. The project owner will maintain 317 units "as is."

Ms. Kathleen Ferguson, deputy assistant secretary of the Air Force for installations, is pleased the projects have restarted.

"Getting these projects back on track has been of utmost importance to the Air Force and will improve the quality of life for our Airmen at these four installations," she said. "Resolution of the four ... projects has been a difficult task and has taken almost two years of work between all the parties involved."

HP Communities LLC is a limited liability company owned by Hunt Development Group, LP, Ltd. of El Paso, Texas, and Pinnacle AMS Development Company, LLC of Seattle, Wash. The company's officials will provide development, remodeling, operations, maintenance and property management services for those homes that are currently privatized at each of the bases.


Rest of article at: http://www.military.com/news/article/air-force-news/air-force-sells-housing-projects.html?col=1186032369229

It worked out okay, so that is why I think they are doing it. I know that that on was one of the first.