FORT MEADE, Maryland–(BUSINESS WIRE)–Corvias, a long-term management and solutions partner of the U.S. Army, has completed a large-scale effort to install energy-efficient upgrades in nearly every home at Fort Meade to continue improving the living experience for military families. on behalf of its Meade Communities partnership with the Army. The more than 142,000 improvements at Fort Meade were made possible by Corvias’ $325 million solutions investment, a first-of-its-kind direct equity investment in an established military housing partnership.
“Our community will benefit from these improvements for many years to come,” said Peter Sims, Managing Director of Corvias. “We have retrofitted the houses with the best available technology. As a result, we estimate future utility savings of $240 million across all facilities, which will be reinvested in our military communities for the benefit of our residents.
Corvias is leading energy-saving upgrades in collaboration with Johnson Controls, a global leader in smart, healthy and sustainable buildings. Fort Meade upgrades include:
Water conservation measures, including more than 6,000 low-flow toilets; 8,000 bathroom faucet aerators; 2,600 kitchen faucet aerators; and 4,800 shower heads. All incorporate modern technology that reduces water consumption and utility costs.
Approximately 112,000 energy-efficient lighting and fixture upgrades, providing every family with a more attractive and resourceful home.
More than 1,200 HVAC split systems, more reliable, efficient and durable to help families enjoy more economical and comfortable housing.
More than 2,600 “smart” thermostats, which monitor building temperature and humidity.
Approximately 1,200 weather protection upgrades including insulation, weather stripping and energy efficient windows.
Approximately 2,600 water meters, which use the most modern tools to ensure accurate measurement of water consumption and accurate usage reports. In addition, the technology enables early detection of water leaks or reverse flows.
Corvias’ solutions investment also includes the renovation of 120 homes in the Heritage Park, Potomac Place and Patriot Ridge neighborhoods in Fort Meade. This work will include upgrades to kitchens, bathrooms and flooring. With this investment, service members and their families will continue to enjoy newly renovated and built housing, while Corvias’ partnership with the military will benefit from reduced maintenance costs for its older housing stock.
In addition to housing upgrades in Fort Meade, the $325 million investment in solutions will benefit more than 70%, or approximately 16,000, of the homes Corvias manages in Fort Sill, Okla., Fort Riley, Kan., Aberdeen Proving Ground, Md., Fort Bragg, NC, and Fort Rucker, Ala. The changes are expected to save approximately $240 million over 30 years, allowing Corvias to reinvest those savings into military communities to fund additional improvements. When completed, the energy saving measures will generate average annual savings of approximately 16% in utility operating expenses across the Corvias Army portfolio.
About Corvias and the Military Housing Privatization Initiative
Corvias is a U.S. Army partner in the U.S. Department of Defense’s Military Housing Privatization Initiative (MHPI) to revitalize, operate, and maintain military married quarters on base. MHPI has enabled renovations, new construction, and water and energy saving initiatives, including Kansas’ largest solar project located in the Fort Riley military housing community, part of the Corvias partnership with the army. In 2019, Corvias developed a $325 million solutions investment for its Department of Defense portfolio to fund strategic modernization and resiliency improvements to its U.S. Army base housing infrastructure.