Balfour
Beatty Communities, LLC, one of the leading Public-Private
Partnership (PPP or P3) providers of housing, lifestyle and community
solutions for members of the U.S. military and their families, announced
the completion of 716 family housing units ahead of schedule and
on-budget for its AETC Group 1 project with the United States Department
of the Air Force. The construction cost for these new housing units was
approximately $206M. The Air Force bases under this project are Altus
AFB in Altus, OK, Sheppard AFB in Wichita Falls, TX, Tyndall AFB in
Panama City, FL and Luke AFB in Glendale, AZ.
“We are very pleased and proud of our achievement on the AETC project,”
stated Ron Nestor, Senior Vice President of Project Management for
Balfour Beatty Communities. “It is due to teamwork, careful planning and
the exercising of financial discipline that we reached this major
accomplishment.”
Construction of the homes is part of a 5-year initial development period
which began in 2007 and includes the renovation of 959 existing homes
located throughout the four bases. The total number of homes that
Balfour Beatty Communities maintains and manages at the four bases is
now 2,607 units.
“We look forward to many more successes with our Air Force partners over
the course of this 50-year project,” added Nestor.
About Balfour Beatty Communities
(www.balfourbeattycommunities.com)
Balfour Beatty Communities, LLC, a subsidiary of Balfour Beatty Capital
Group, Inc., is responsible for the development, renovation, operation
and management of military privatization housing projects for the U.S.
Departments of the Army, Navy and Air Force. The company is a leader in
the military housing Public-Private Partnership (PPP or P3) industry,
and provides services to members of the U.S. military and their families
residing on or near 44 bases located in 20 states and Washington, DC.
Based in Newtown Square, PA, the company employs approximately 1,000
people nationwide.
Balfour Beatty Communities, LLC
Kathleen
M. Grim, 610-355-8206
kgrim@bbcgrp.com
or
Gregory
FCA
Lauren Rumsey, 610-228-2132
LaurenR@GregoryFCA.com
(General
Media Contact)