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Immediate Release

January 27, 2010 For More Information:
Vance Vasquez 805-989-8095
Clark, Lincoln and the Navy Celebrate Grand Opening of Catalina Heights
Redeveloped Family Housing Community to Serve Over 300 Navy Families

Clark, Lincoln and the Navy Celebrate Grand Opening of Catalina Heights
CAMARILLO, Calif. — On Wednesday, January 27, the Department of the Navy, Clark Realty Capital, and Lincoln Military Housing celebrated the grand opening of Catalina Heights, a redeveloped family housing community that will feature 32 single-family homes and 283 townhomes upon completion. The Partners for Excellence event officially welcomed home the neighborhood’s first residents to 150 completed houses currently being prepared for move-in. The ceremony highlighted the innovative partnership between Clark Realty Capital, Lincoln Military Housing, and the Navy, called San Diego Family Housing (SDFH). The Navy’s largest public/private venture to date, SDFH encompasses over 12,500 homes in more than 50 communities across California and Nevada. Catalina Heights, part of the fourth phase of SDFH development, marked the latest successful milestone for the partnership.

“Family Readiness is critical to mission readiness and being able to provide quality housing for our military families is one of the main pillars of Family Readiness,” said Captain James J. McHugh, Commanding Officer, Naval Base Ventura County. “The partnership of Clark, Lincoln, and the Navy has been outstanding and has benefited our military families significantly. The Catalina Heights projects went very smoothly and Clark has built a beautiful community that blends well with the surrounding neighborhoods. The re-opening of Catalina Heights has greatly increased Military Family Readiness and therefore mission readiness for all personnel at Naval Base Ventura County.”

Constructed by Clark Builders Group, the high-quality new homes are replacing 315 outdated homes originally constructed in 1959. Designed by Torti Gallas and Partners, the spacious new homes feature Spanish-Missionary-style architecture in a mix of three- and four-bedroom styles. The community also includes 15 handicap-accessible homes. All new homes have two-car garages that provide the extra storage space needed by Navy families. Neighborhood amenities include a LEED® Silver certified 6,500-square-foot clubhouse with an adjacent outdoor swimming pool. The new community center is located within a new central park that also accommodates an existing youth center. Scattered tot lots and green space provide additional outdoor recreation areas for residents.

“We feel privileged to have had the opportunity to partner with the Navy for the redevelopment of Catalina Heights,” said Morgan Rogers, development executive at Clark Realty Capital. “Our goal in developing this community was to provide top-quality homes that serve Navy families and improve morale. Thanks to our successful partnership with Lincoln and the Navy, I believe that Catalina Heights provides the best for its residents and will be a great addition to the vibrant City of Camarillo.”

At the ceremony, remarks were made by Captain James J. McHugh, Commanding Officer, Naval Base Ventura County, Morgan Rogers, development executive, Clark Realty Capital, and Mr. Kevin Kildee, Mayor of Camarillo, California. Following the ceremony, the partnership hosted an open house reception for guests to tour two model homes and the Catalina Heights Community Center.

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About Clark Realty Capital

Clark Realty Capital (CRC) is a fully integrated national real estate company offering a broad base of services including capital markets, development, construction, property management, and investment management. The Army, Navy, Air Force, and Marines are leveraging the ingenuity and assured performance of CRC at 12 military installations throughout the United States. Upon completion of current military projects, CRC will have built or renovated over 34,000 homes with a development value in excess of $4.9 billion. For more information, visit www.clarkrealtycapital.com.

About Clark Builders Group

As the fourth largest multifamily builder in the nation, Clark Builders Group (CBG) is one of the nation's premier builders of luxury apartments, military family housing, and mixed-use communities. CBG has constructed more than 50,000 homes since its founding in 1992 and boasts an extensive portfolio of nationally acclaimed, award-winning communities on both coasts. CBG is an affiliate of the Clark Construction Group, one of the nation's oldest and largest private general contractors. For more information, visit www.clarkbuildersgroup.com.

About Lincoln Military Housing

Since 1965, Lincoln Property Company has distinguished itself as an innovator in real estate development and management. This includes residential, retail, commercial, office, industrial and mixed-use developments with a presence in more than 200 markets worldwide. In 2001, Lincoln developed a new approach to military housing. Named Lincoln Military Housing, it is an affiliate of Lincoln Property Company created to focus exclusively on meeting the needs of the Armed Services and their constituents. Today, Lincoln has developed and managed more than 30,000 military family homes at 26 Installations across the nation. With over four decades of experience, Lincoln Property Company residential and commercial developments have become the industry standard for attractive architecture, attention to detail, superior management, and community enhancement. For more information about Lincoln Property Company, please visit www.lincolnproperties.com.
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