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Harrison Street Acquires Partnership for Military Family Housing at Six U.S. Air Force Bases

By District Energy posted 12-22-2021 10:30


Valdosta Daily Times


In pursuing its social infrastructure strategy, Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, today announced it has acquired a long-term public-private partnership (P3) with the U.S. Air Force under which Harrison Street will operate and maintain 4,095 homes located on six Air Force installations, including: Edwards Air Force Base (California), Eglin Air Force Base and Hurlburt Field (Florida), Eielson Air Force Base (Alaska), McConnell Air Force Base (Kansas), and Seymour Johnson Air Force Base (North Carolina).

As part of the transaction, Harrison Street announced the launch of a newly formed asset management company, Mayroad. The company is led by a seasoned management team that brings more than two decades of experience with the Military Housing Privatization Initiative (MHPI) and includes Heath Burleson, President & CEO, Sharon Shores, SVP of Asset Management & Property Operations, Jimmy Scott, SVP of Construction, and Josh Crawford, SVP of Development.

“These U.S. Air Force Bases are critical to U.S. military operations and ensuring the safety of our nation. Harrison Street is proud to partner with the U.S. Government and Department of Defense to provide them with access to strategic capital and resources for the Air Force as well as other military and government businesses,” said Christopher Merrill, Harrison Street’s Co-founder, Chairman and Chief Executive Officer. “To that end, we are thrilled to launch Mayroad, a new asset management company that will provide attractive and sustainable housing to active-duty service members across these six bases. Looking ahead, we believe Mayroad will play an important role in our Social Infrastructure Strategy as we seek to expand our government facing P3 portfolio and provide support to critical government and social infrastructure projects.”

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