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Balfour Beatty Communities to Develop Additional Housing at Fort Bliss, TX

  Balfour Beatty Communities to Develop Additional Housing at Fort Bliss, TX

Expansion project will add 500 townhomes and community amenities to on-base
housing

Business Wire

NEWTOWN SQUARE, Pa. -- November 29, 2012

Balfour Beatty Communities, LLC announced today that its Fort Bliss/White
Sands Missile Range military housing privatization project with the U.S.
Department of the Army will begin a new expansion phase covering the
development and new construction of an additional 500 townhomes at Fort Bliss,
TX. This is the second phase of an expansion project initiated in August 2011.
The development and construction costs for this expansion phase have been
primarily funded through the placement of a $141 million loan with the
existing lender for the project. Balfour Beatty Communities will oversee the
design, construction, and overall management, maintenance and operational
responsibilities for the housing units, which are expected to be completed in
January 2016. General contractor services will be delivered by Balfour Beatty
Construction, LLC, based in Dallas, TX.

“The significant growth at Fort Bliss in recent years has created an increased
need for military family housing options,” said Chris Williams, President of
Balfour Beatty Communities. “This expansion project will help us keep pace
with this need as we look to deliver the highest level of service to the
military members and their families stationed at Fort Bliss.”

Balfour Beatty Communities assumed responsibility for family housing at Fort
Bliss in July 2005. As a result of various initiatives within the Department
of the Army, there has been a significant increase in the military strength at
the installation, as they transform their focus from training to forces
command. This refocus has led to an increased need for additional family
housing options at the post. As a result of this expansion project, the total
inventory of on-base homes will increase to more than 4,400.

The 500 newly constructed townhomes at Fort Bliss will be designated for
Junior Enlisted (JENL) and Junior Non-Commissioned Officer (JNCO) ranks and
their families. The new units will consist of two story, four-plex
arrangements, and one-story duplex accessible units. Design and appearance
will resemble single family homes developed under the Company’s existing Fort
Bliss project, featuring stucco and arched entries. Additional amenities for
the service members and their families will include playground areas,
basketball courts, volleyball courts and large gazebos. Construction is
expected to begin in the first quarter of 2013.

“We remain committed to sustainable and environmentally friendly development
as we strive to deliver the highest quality product to the military families
we serve and meet the sustainability goals of the Army,” said Williams. “This
project includes upgrades to maximize energy efficiency that meet the National
Green Building Standard. Once certified at the Emerald level, the project will
be 50% more energy efficient than homes certified at LEED’s highest rating
which only requires 10% efficiency above ASHRAE code.”

About Balfour Beatty Communities

Balfour Beatty Communities, LLC provides development, financing, renovation,
operation and management services as part of comprehensive military housing
privatization projects for the U.S. Departments of the Army, Navy and Air
Force. Setting the industry standard, the company is committed to sustainable
business practices and is a leader in the military housing Public-Private
Partnership (PPP or P3) industry, currently providing services to members of
the U.S. military and their families residing at 48 military communities in 24
states. Balfour Beatty Communities, LLC is part of Balfour Beatty plc, a
global leader in professional services, construction services, support
services, and infrastructure investment, with more than $18 billion in annual
revenues.

About Balfour Beatty Construction

A leader in the U.S. commercial construction industry, Balfour Beatty
Construction provides general contracting, at-risk construction management,
and design-build services through more than 2,400 professionals nationwide.
The company has been cited as a Top 10 Green Builder by Engineering-News
Record for the past three years, and as one of the 100 Best Companies to Work
For® by FORTUNE magazine for three years in a row. The company is part of
London-based Balfour Beatty plc, a global leader in professional services,
construction services, support services, and infrastructure investment, with
more than $18 billion in annual revenues. To learn more about the company
visit balfourbeattyus.com.

Contact:

Balfour Beatty Communities
Maureen Omrod, 610-355-8136
momrod@bbcgrp.com