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  5. Military Housing

Specialized Housing

Military Housing

Military Housing illustration

Military housing real estate development in the United States is a specialized sector, addressing the unique housing needs of military personnel and their families. As of 2023, the U.S. Department of Defense (DoD) oversees housing for approximately 1.3 million active-duty service members stationed across various bases. The Military Housing Privatization Initiative (MHPI), introduced in the late 1990s, has been instrumental in this sector, allowing private developers to build, renovate, and manage on-base housing.

This public-private partnership model has led to significant improvements in the quality and availability of military housing. Prior to the MHPI, many military housing units were aged and in need of modernization. The initiative has facilitated the investment of over $31 billion in private capital for the development and refurbishment of over 200,000 housing units. These developments are not just homes but are designed to foster community and support the unique lifestyle of military families, including amenities like schools, childcare centers, and community spaces.

The focus on sustainability and energy efficiency is increasingly prominent in military housing development. Projects often incorporate green building practices, energy-efficient appliances, and renewable energy sources, aligning with the DoD's goals of reducing energy consumption and environmental impact.

Despite its successes, the sector faces challenges, including budget constraints and the need for ongoing maintenance and upgrades. The dynamic nature of military deployments requires housing solutions that are flexible and responsive to changing demands. The collaboration between private developers and the military ensures that these developments not only meet the housing needs but also contribute to the well-being and readiness of service members and their families. The continued evolution of military housing real estate development reflects a commitment to enhancing the quality of life for those who serve in the U.S. armed forces.

Developers building in Military Housing

26 in the database
The Boyer Company
The Boyer Company
UT 84111, USA
The Boyer Company cover image
Employees51–200
Principals27
Markets20
Last updated: Aug 14, 2026
Navy to Navy Homes, LLC
Navy to Navy Homes, LLC
Jacksonville, FL
Military Housing
Employees11–50
Principals1
Markets1
Last updated: Aug 14, 2026
CBG Building Company
CBG Building Company
VA 22203, USA
CBG Building Company cover image
Employees201–500
Principals4
Markets19
Last updated: Aug 13, 2026
Hunt Military Communities
Hunt Military Communities
TX 79901, USA
Hunt Military Communities cover image
Employees501–1,000
Principals6
Markets17
Last updated: Aug 12, 2026
Harrison Street
Harrison Street
444 W. Lake Street Suite 2100 Chicago, IL
Harrison Street cover image
Employees201–500
Principals10
Markets6
Last updated: Aug 7, 2026
Liberty Military Housing
Liberty Military Housing
5128 Pendleton Ave Joint Base Lewis McChord, WA
Liberty Military Housing cover image
Employees1,001–5,000
Principals9
Markets12
Last updated: Aug 7, 2026
View all 26 developers in Military Housing

Top markets for Military Housing

  • California· 13
  • Florida· 12
  • Texas· 12
  • District of Columbia· 11
  • North Carolina· 10
  • Pennsylvania· 10
  • Delaware· 9
  • New York· 9

Typical unlevered yield on cost

4.5 - 6.5%

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