Lendlease, in partnership with the United States Army, announced that it has closed on US$1.1 billion in financing that will allow it to execute improvement plans for privatized military housing communities located at five Army installations in USA over the next five years. As part of the approved scope of work, approximately 12,000 existing homes will be renovated and approximately 1,200 new homes will be constructed.

The US$ 1.1 billion financings were provided by client accounts of Guggenheim Investments. The project involves the following works :

1. Campbell Crossing (Fort Campbell, Ky.): Approximately US$ 235 million invested in the demolition of 430 homes; the construction of more than 530 new JNCO homes; minor renovations at nearly 500 homes; and nearly 140 roof replacements.
2. Fort Drum Mountain Community Homes (Fort Drum, N.Y.): Approximately US$ 45 million invested in minor renovations at more than 700 homes; installation of more than 650 new HVAC systems; and conducting siding and roof repairs on more than 300 homes.
3. Fort Hood Family Housing (Fort Hood, Texas): Approximately US$ 420 million invested in the demolition of and subsequent new construction of nearly 600 new JNCO homes; roof replacements on more than 2,300 homes; and medium renovations at more than 1,300 homes.
4. Knox Hills (Fort Knox, Ky.): Approximately US$ 80 million invested in the construction of more than 60 new homes; installation of more than 740 new HVAC systems; and minor renovations at more than 570 homes.
5. Island Palm Communities (Schofield Barracks, Wheeler Army Airfield, Hawaii): Approximately US$ 30 million invested in minor renovations at more than 620 homes; more than 160 roof replacements; and the construction of four new playgrounds.