Department of Defense
Corvias is a long-time partner to the U.S. Military under the DoD's MHPI program, a typical engagement between the US Military and Corvias is for 50 years. During that time, Corvias works with our partners to unlock the value from facilities, support services, and infrastructure.
The Corvias approach is proven and has been implemented for 32 partnerships that span from Florida to Alaska. The approach begins with the opportunity to significantly impove the lives of service members and military families through the finane, design, construction, renovation, and property management of homes and infrastructure on military installations.
Corvias takes resident satisfaction seriously. To date, we have completed approximately 2.7 million work orders at an average 97% on-time completion rate. For seven consecutive years, we were ranked first nationally by SatisFacts Annual Resident Survey in resident satisfaction for portfolios with at least 10,000 units.
Company-wide, Corvias currently has over $6.8 billion in gross assets under management, and has raised over $3.5 billion in debt. Furthermore, Corvias reinvests all cash flow and returns from a partnership back into the program—so far, Corvias has returned more than $800 million to our military partners. Those returns will reach approximately $7 billion over the life of the program, and those dollars will be available for the Army and Air Force to use at their discretion.