- October 21, 2014
- October 16, 2014
- October 14, 2014
After almost a dozen years, military housing privatization has not been without its fair share of challenges.
In 1996, a niche market was created for apartment developers and professional property management companies as a result of Congress authorizing the privatization of military family housing on all military installations in the United States. This huge undertaking officially began when the first base was fully privatized in 2001.
Now, nearly a dozen years later, the final group of Air Force installations has been privatized, ending an amazing effort that included decades of site visits, ’round-the-clock work on planning and strategy sessions and frantic bid preparations in hopes of winning these lucrative, 50-year partnerships at the approximately 100 available military bases. A lot has changed from that first partnership.
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NAA President and CEO Doug Culkin shares highlights from this year's Survey of Operating Income & Expenses in Rental Apartment Communities. Check out the report today.