Corvias Group Announces New Head of Student Housing Division

September 5, 2012

Kurt Ehlers appointed Managing Director of Corvias Campus Living

East Greenwich, RI (September 5, 2012) — Corvias Group, a privately-owned, vertically-integrated real estate solutions group, announced today that Kurt Ehlers has been appointed managing director of the company’s new student housing division, Corvias Campus Living. Ehlers previously served as executive vice president of the company’s military housing division, Picerne Military Housing, overseeing all Air Force programs as well as managing housing programs at Fort Bragg, N.C., and Fort Rucker, Ala. Ehlers’s appointment follows last month’s announcement by Picerne Military Housing, a pioneer and leader in the privatization, construction and management of U.S. military housing, to expand into the student housing market with the launch of a new parent company, Corvias Group, and a new student housing division, Corvias Campus Living. Faced with dwindling endowments and rising infrastructure costs, many colleges and universities have not been able to keep up with either the deferred maintenance or the modernization needs of their student residences.

“Kurt is uniquely qualified to lead our student housing division by virtue of his experience managing projects of a scale equal to or in excess of a college campus,” said Corvias Group President and CEO, John Picerne. “We’re excited to have him working closely with our higher education partners to accomplish what has never before been done in student housing — the long-term and complete privatization of the construction, management and maintenance of all on-campus student residences.”

As executive vice president of Picerne Military Housing overseeing Fort Bragg and Fort Rucker, Ehlers managed more than 7,900 homes, the construction of 2,848 new homes and the renovation of 3,239 homes with a total development budget in excess of $500 million. Ehlers played an integral role in the revitalization of Fort Bragg, the third largest installation in the United States, which has resulted in dramatic improvements in the quality of life of those living on this installation. At Fort Bragg alone, Ehlers managed more than nine million square feet of housing. Prior to joining Picerne Military Housing in 2002, Ehlers worked for two of the nation’s largest multifamily developers and was responsible for the construction, development and management of projects across the United States. In his new role, Ehlers will be responsible for the construction, property management and staffing operations of Corvias Campus Living, which delivers innovative, holistic approaches to the financing, management, and construction of on-campus housing for higher education clients.

Ehlers holds a Bachelor of Science from Syracuse University and lives in Pinehurst, N.C., with his wife and two children.

About Corvias Group

Corvias is a privately-owned, vertically-integrated real estate solutions group dedicated to building strong communities through partnerships that deliver the highest quality development, construction and management solutions to a range of clients, including the military and higher education. Applying our success as pioneers of real estate development and management as Picerne Military Housing, Corvias delivers customer service that exceeds client expectations and an innovative, holistic approach to facility financing, management and construction. We have the ability to forge partnerships that consistently put the interests of our clients first and the flexibility to pursue creative, sustainable long-term solutions to their most difficult challenges. www.corvias.com

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