Summary: GMAC Commercial Military Housing Trust XVI, Washington Lewis-McChord Communities LLC; Military Housing Mar 12
- Language: English
- Published: March 2012
- Region: Washington
Ratings of newly issued military housing bonds and debt obligations continued to strengthen during the first quarter, with $1.3 billion par value rated, compared with $2.0 billion in bond par value rated in all of 2004. New ratings in the sector have ranged from 'AA' to 'BBB'. The sector's strength is largely due to the fact that the bonds are supported by revenue streams from military housing projects, where the source of the rental income at the project is the Department of Defense (DoD) basic allowance for housing (BAH). The DoD housing allowance appropriation has had steady increases over time, and demand for the housing has usually been very strong, even when bases are located in weak real estate markets....
Companies mentioned in this report are: Fort Meade,Fort Carson Fam Hsg LLC,Lewis-McChord Communities, LLC,Fort Hood Family Hsg LLC,Little Rock Hsg Assoc II Ltd Partner,Camp Pendleton & Quantico Hsg, LLC,Fort Irwin Land, LLC,Navy Fam Hsg Northeast LLC,Fort Eustis/Fort Story Hsg LLC,Fort Sam Houston, LP.
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Research Type: Commentary
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Fort Meade,Fort Carson Fam Hsg LLC,Lewis-McChord Communities, LLC,Fort Hood Family Hsg LLC,Little Rock Hsg Assoc II Ltd Partner,Camp Pendleton & Quantico Hsg, LLC,Fort Irwin Land, LLC,Navy Fam Hsg Northeast LLC,Fort Eustis/Fort Story Hsg LLC,Fort Sam Houston, LP.