The project will begin with an initial development period, whichwill include the design, construction, renovation, management,maintenance and operational responsibilities for the 2,435 housingunits. According to Nestor, 800 new homes will be built, 822 willreceive major renovations, 806 will include medium renovations andthe rest will receive minor renovations.

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Ron Nestor, the Balfour Beatty Communities senior vice presidentin charge of the Air Force portfolio, tells GlobeSt.com. "Ourmilitary men, women, children and families deserve quality housing,and I think that we can all agree that for years they weren'tgetting it." He continues that "with these contracts, the firstfive to seven years are of initial development, but these are50-year contracts. Afterwards we also manage them."

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Nestor says that "our renovations run the gamut. In many caseswe demolish entire neighborhoods. Sometimes we do major, minor ormedium levels of renovations. This doesn't just include houses, butinfrastructure, playgrounds, community centers, pools and soon."

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Housing for military families requires specific things, such asextra storage since households are often moving. "We're trying tobuild these houses to compete with market rate housing within theconfines of a military base, and we are competing with the marketrates. Military families don't have to live on the bases, they canlive anywhere they want to or can afford.

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Currently, Balfour Beatty works on 14 military housingprivatization projects on 41 military bases in 19 states. BalfourBeatty is in negotiations for another two family housing projectson two more bases. The developer worked with the Department of theArmy, Navy and Air Force on military family housing privatizationprojects across the country. Past projects have included the WalterReed Army Medical Center in Washington, DC; the Carlisle Barracksin Carlisle, PA; the Picatinny Arsenal in Dover, NJ and manyothers.

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Since 1996, the Military Housing Privatization Initiative allowsthe Department of Defense and Services to contract work to theprivate sector to improve the family housing situations on militarybases. Often with this plan, family housing assets are combinedwith private investment in order to finish construction andrenovation faster and cheaper than if the military would do thejobs itself.

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Balfour Beatty was formerly known as GMH Military Housing and isbased in Newtown Square, PA with about 1,000 employees.

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