FOR IMMEDIATE RELEASE RELEASE NO. 07-07

PARTNER ANNOUNCED FOR RESIDENTAL COMMUNITIES INITIATIVE --March 9, 2007

WEST POINT, N.Y. -- Army and West Point officials announced today they have selected the Residential Communities Initiative private partner for the U.S. Military Academy.

GMH/Centex Military Communities, LLC, will be responsible for the West Point family housing privatization project.

The Army is committed to improving family housing as a means of sustaining quality of life. Through the RCI program, the Army engages with private sector firms in public-private partnerships to manage, construct, renovate, maintain and operate family housing that will ultimately alleviate housing shortages, rapidly improve the condition of existing housing, and sustain quality communities over the 50-year life of these projects.

“Providing soldiers and their families with safe, attractive, affordable housing and modern communities is a major priority,” said Army officials. “We’re sure GMH/Centex Military Communities is the right choice for the families at West Point.”

“West Point’s RCI vision is to provide our community members and their families with world-class housing and facilities,” said Col. Brian Crawford, West Point’s garrison commander. “We have every confidence that the GMH/Centex Military Communities will work with us to achieve that goal.”

The RCI program is critical to the Army’s plan to improve existing housing and sustain quality communities for Soldiers, said Michael Colacicco, the RCI director here.

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“The RCI effort should improve, in a short period of time, the quality of life for all the community members,” Colacicco added. “The overall family housing appearance and function within West Point will be improved.”

GMH/Centex Military Communities will work with the Army to develop the CDMP or community development management plan, which is a blueprint for the actual residential communities at West Point. Planning and preparation of the document will take around six months.

Actual project implementation will begin once the Army, Office of Management and Budget, the Department of Defense and Congress accepts the CDMP. GMH/Centex Military Communities should begin renovation work sometime in the late summer of 2008.

GMH/Centex Military Communities is a joint venture comprised of GMH Military Housing and Centex Construction. GMH/Centex has significant Military Housing Privatization Initiative project experience and is the principal member of the Army’s RCI Teams at Fort Carson, Colo., Fort Stewart/Hunter Army Airfield, Ga., Fort Hamilton, N.Y., Walter Reed Army Medical Center/Fort Detrick, D.C., Fort Eustis/Fort Story, Va., Fort Bliss/White Sands Missile Range, N.M., Carlisle Barracks, Pa., Picatinny Arsenal, N.J., and Fort Gordon, Ga. The Army's partnership with GMH/Centex Military Communities will result in sufficient and safe homes that provide a quality of life for Soldiers and their families equal to the quality of their service to the nation.

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