Corvias has announced an investment to make major improvements and renovations to on-post homes at Corvias-managed housing.
Corvias has made a $325M Solutions Investment, which is a direct equity investment that is the first-of-its-kind. It focuses on “continued reinvestment to improve [Corvias’] on-post communities to benefit service members and their families,” a press release said.
“Advancing energy savings within our communities is one way we are continuing to improve the day-to-day comfort of our residents. It is also laying the foundation for our future operations,” said Peter Sims, Managing Director for Corvias. “These energy and water saving upgrades directly support the Department of Defense’s goal to enhance the resilience of federal infrastructure, and we estimate future utility savings of $240 million, all of which will be reinvested in our residents’ on-post living experience.”
The investment will benefit more than 70 percent of Corvias-managed homes, which is roughly 16,000 homes, across Fort Meade, Md., Fort Sill, Okla., Fort Riley, Kan., Aberdeen Proving Ground, Md., and Fort Bragg, N.C.
The changes, combined, are projected to save $240M over a 30-year time span. Corvias plans to reinvest savings back into military communities for other improvements.
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