Hunt Companies Signs Definitive Agreement to Acquire Military Housing Portfolio with Long–Term Contracts from Forest City Enterprises

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.

. 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