Balfour Beatty Communities Launches Strategic Expansion into Multifamily Housing Military housing leader brings financing, rehabilitation and management expertise to multifamily market Business Wire NEWTOWN SQUARE, Pa. -- January 22, 2013 Balfour Beatty Communities, LLC, one of the largest provider of privatized housing services for the U.S. military, including financing, property management, renovation and construction, today announced the expansion of their offerings and platform to serve the multifamily housing market throughout the U.S. “Expansion into multifamily is a natural next step that leverages our proven track record financing, building and operating military and student housing communities,” said Chris Williams, President of Balfour Beatty Communities. “Fueled by increased renter demand and rising rental rates, the multifamily market has performed well in recent years and we expect it to stay strong in 2013 and beyond. We believe our innovative approach to value-add strategies, resident relations, sustainability, renovations and utilities management has redefined property management solutions and will differentiate us in the multifamily sector.” Balfour Beatty Communities is responsible for housing development, management and operations at 55 Army, Navy and Air Force installations. As part of these long-term Public-Private Partnerships, the company has more than 40,000 units under management with a resident population of more than 150,000, and has overseen the construction of more than 13,000 new homes and the substantial renovation of an additional 13,000 homes. “As one of the leading housing partners to the Army, Navy and Air Force, we have completely redefined the military housing experience for thousands of Service Members and their families,” said Williams. “The size, scope and complexity of our military projects—and our commitment to world-class customer service—uniquely position us to address the needs of the multifamily market.” As part of the expansion, the company has named Holly Costello, CPM®, Vice President, Multifamily Operations. A seasoned industry executive with a diverse background, Ms. Costello earned her Certified Property Manager designation in 2003. She most recently served as a Regional Vice President, overseeing the company’s Navy housing portfolio. Balfour Beatty Communities recently launched a newly redesigned website reflecting the expanded focus at balfourbeattycommunities.com. About Balfour Beatty Communities Balfour Beatty Communities, LLC is a diversified real estate services company delivering development, design, financing, construction, renovation, property and facilities management services in the multifamily, student and military housing sectors. A leader in the industry, Balfour Beatty Communities has more than 40,000 residential units and $5.5 billion in real estate assets under management and has developed or renovated more than 27,000 units with a total value of close to $4 billion. Headquartered outside Philadelphia, PA, Balfour Beatty Communities has more than 1,100 employees and is a subsidiary of Balfour Beatty Investments, Inc. Balfour Beatty Investments 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. Contact: Balfour Beatty Communities Maureen Omrod, 610-355-8136 email@example.com
Balfour Beatty Communities Launches Strategic Expansion into Multifamily Housing
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