Updated August 29 at 7:42am

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REAL ESTATE

Picerne wins 7th military contract

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NORTH KINGSTOWN – Picerne Military Housing has been awarded the final of 35 military-housing privatization contracts that have been given since 2001 as part of the Army Residential Communities Initiative.

The 50-year partnership for the privatization of family housing at Aberdeen Proving Ground in Maryland was awarded last week. It will bring the company’s total properties under management to more than 20,000 homes in six states.

“We are extremely excited that the Army has once again asked us to partner with them in providing quality family homes for the men and women who defend our great country,” John G. Picerne, president and CEO of Picerne Military Housing, said in a statement.

At Aberdeen, Picerne will demolish the existing housing and construct a “new neighborhood center as well as ancillary facilities and amenities to meet the families’ needs,” the developer said. The company will manage the property for 50 years.

It is the seventh military housing privatization contract Picerne has been awarded since 2001. The others are at Fort Mead in Maryland, Fort Bragg in North Carolina, Fort Polk in Louisiana, Fort Rucker in Alabama, Fort Riley in Kansas and Fort Sill in Oklahoma.

Picerne Military Housing is a member of the Picerne Real Estate Group, a national real estate development firm based in Warwick that manages more than 40,000 homes in more than 25 states. For more information, visit www.picernemilitaryhousing.com.

Picerne Military Housing, Aberdeen Proving Ground, public-private partnership for military housing, military housing, John G. Picerne

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