Military Business

Corvias’ $325M investment to impact managed homes at Fort Bragg

By Staff Report, posted 3 years ago

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.

Ico insights

INSIGHTS

SPONSORS' CONTENT

In The Current Issue

Wrapping up nicely: Major construction finishes up on new R & R Brewing location coming soon to downtown Clinton

Since announcing their intention to move into the historical Henry Vann building in 2023, the R & R team has been busy working with local and state historical preservation organizations to renovate the building.


Rich in memories: Rich Farm & Venue offers affordable space with modern amenities for customers to reserve for their special celebrations

Rich Farm & Venue is a 37-acre space with amenities suitable for any occasion such as weddings, birthday parties and more. Photos provided by Rich Farm & Venue. Rich Farm & Venue in the town of Roseboro combines affordable prices and


A novel concept: New bookstore and wine bar coming to downtown Fayetteville

Kellie Artis is the owner of Bound & Vine, a soon-to-open independent bookstore and wine bar. Photo by GFBJ. Bookworms and wine lovers are in for a treat as downtown’s newest tenant prepares to open later this year. Kellie Artis is the