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Hunt Companies, Inc. announced today that it has signed a definitive
purchase and sale agreement to acquire the entire portfolio of military
housing assets including equity interests and various service contracts
from Forest City Enterprises, Inc.
FCEA. The pending
acquisition adds approximately 15,000 units to Hunt's existing
portfolio, increasing the Company's total number of military housing
units owned and managed to over 32,000 and owned to over 51,000.
The military housing installations to be acquired are the Air Force
Academy, Colorado Springs, Colorado; Air Force Southern Group which
consists of four Air Force Bases at Arnold AFB, Tennessee, Charleston
and Shaw Air Force Bases in South Carolina, and Keesler Air Force Base
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