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Navy Taps GMH for 5,501 Housing Units

NEWTOWN SQUARE, PA-This 50-year agreement is the largest public/private military housing initiative ever and encompasses 11 bases in five Southeastern states.

By Marita Thomas | Updated on February 27, 2007

NEWTOWN SQUARE, PA-The Department of the Navy has selected GMH Communities Trust’s military housing division to enter into exclusive negotiations for the design, construction, management and maintenance of housing at its 11 Southeast region Navy bases. The project encompasses 5,501 housing units at bases in five states.

The agreement has a 50-year term beginning with a six-year initial development period that is valued at in excess of $700 million. This is the largest public/private military housing initiative to date, and the largest of the 11 such projects under agreement with GMH.

As with a November 2004 agreement covering eight bases in its Northeast region, which went to GMH, the Navy selected one of several bidders to proceed exclusively with final negotiations. In this case GMH was selected from a field of four, according to a GMH spokeswoman. “The exclusive negotiating process begins this week and generally takes from six months to a year,” she says.

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