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At Aberdeen Proving Ground

At Aberdeen Proving Ground. Picerne Military Housing. Residential Communities Initiative. Residential Communities Initiative Military Housing Privatization (MHPI) Act - 1996 Eliminate Inadequate housing through public-private partnerships

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At Aberdeen Proving Ground

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  1. At Aberdeen Proving Ground Picerne Military Housing

  2. Residential Communities Initiative • Residential Communities Initiative • Military Housing Privatization (MHPI) Act - 1996 • Eliminate Inadequate housing through public-private partnerships • Leverage Army assets to attract private capital to support the operation, renovation, and construction of housing for the long term • Over 80,000 homes in the Military Family Housing portfolio • APG -RCI Vision • “PARTNERSHIP “with the APG Garrison • Enhance quality of life for APG Families • Long-term partnership with developer who has vision, commitment, and financial ability to provide sustainable housing in quality neighborhoods.

  3. Introduction to Picerne • Families First Mission • Vertically integrated • Dedicated partner of the Army at Forts Meade, Bragg, Rucker, Riley, Polk, Sill and APG with approximately ~20,000 homes. • Picerne in Maryland • Involves ~17% of Picerne Portfolio • Managing over 3,500 homes ®

  4. Program Overview • Initial Development Period - 6 Years • 210 New homes • 1 Neighborhood Center • 102 Historic Renovations • 65 Major Renovations • Deferred Maintenance • Over 600 demolitions • Secondary Development Period – 44 Years • Capital Repair/Improvement • Renovations • New Construction

  5. Property Management • Professional management and maintenance teams focused on Customer Service: • Quality customer service • Building a sense of community • 24/7 Maintenance Services to improve the quality of life • Grounds Maintenance including landscaping and weather-related clean up • HVAC • Plumbing • Painting • Cleaning • Carpeting • Pest Control • Electrical • Preventative Maintenance • Ongoing energy-efficiency upgrades

  6. Construction and Development • Deferred Maintenance • Interior and Exterior • Painting, New Flooring, Lighting, Finishes/Appliances, Landscaping/Curb Appeal • New Home Construction • Historic Home Renovations • Site Work • Major Renovations • Ancillary Construction

  7. Impact to Local Community • Small business opportunities in Property Management, Construction and Development providing a direct benefit to local communities • 80% ($68 million) of the Project’s development costs are spent on local, small and disadvantaged businesses. • $81 million in development costs and $28.5 million in operating expenses in the first 6 years. • 65% of the construction subs in place today are local Small Businesses APG, MD

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