Ongoing Upgrades Bring Military Housing Up-to-Date, Enhance Resident
Experience Across Base

EDWARDS AFB, Calif.–(BUSINESS WIRE)–Corvias,
a partner to the U.S. military for the construction and management of
on-base housing, is nearing completion of renovations to more than 100
homes at Edwards Air Force Base in California.

In addition to bringing the homes up-to-date, this latest round of
renovation projects, which began in 2017, showcase Corvias’ commitment
to resident service and satisfaction. Of the 104 homes being renovated,
96 have been fully finished with the remaining homes slated for
completion as residents vacate in accordance to the permanent change in
station (PCS) schedule.

Between 2015 and 2018, Corvias completed similar renovations to 522
homes as part of the initial development period. The full scope of work
and renovations for this round of projects was determined based on
resident feedback from the annual resident survey as well as input from
wing leadership.

“These renovations are a piece of the greater plan we developed for the
Edwards community in 2013 at the beginning of our 50-year partnership,”
said John G. Picerne, Founder and CEO of Corvias. “In addition to
finance and operations, Corvias team members are regularly looking for
opportunities to improve and enhance the quality of life for all
residents and families within the community.”

Renovations to the homes, which were built in 1998 and 1999, include
both exterior and interior enhancements such as new paint, lighting,
carpet replacement and upgrades from carpet to luxury vinyl plank
flooring, appliance upgrades, landscaping and garage renovations.

“We are proud partners of the Air Force and this work is important; it
demonstrates our continued commitment to improving our communities and
the resident experience,” added Picerne.

Through the Military Housing Privatization Initiative (MHPI), enacted by
Congress in 1996, Corvias’ housing program leverages private-sector
capital, as well as housing industry expertise in construction and
management, to reverse the military’s housing deficiency by expanding
and modernizing housing, with predictable, stable long-term operating
costs and performance.

At Edwards AFB, Corvias works collaboratively with the US Air Force, the
412^th Test Wing, and the US Air Force Test Pilot School, and
manages a community of 741 homes, including 226 duplex and 296 single
homes, and 219 non-debt serviced unit (NDSU) homes in seven existing
neighborhoods. The renovation program brings the homes up-to-date with
improved exterior aesthetic characteristics, as well as interior design
enhancements.

About Corvias
As a privately-owned company headquartered in
East Greenwich, RI, Corvias partners with higher education and
government institutions nationwide to solve their most essential
systemic problems and create long-term, sustainable value through our
unique approach to partnership. Corvias pursues the kinds of
partnerships that materially and sustainably improve the quality of life
for the people who call our communities home, purposefully choosing to
partner with organizations who share our values and whose mission is to
serve as the foundational blocks, or pillars, of our nation. To learn
more, please visit: www.corvias.com

Contacts

Kelly Douglas, Corvias
813-513-9650
[email protected]