About the Navy's Public Private Ventures

As part of the Navy’s Public/Private Ventures (PPV) Program, Pacific Beacon brings together the Navy and Clark Realty to design, build, and operate housing for unaccompanied sailors stationed in San Diego. The PPV program was enabled by the Military Housing Privatization Initiative (MHPI), which Congress enacted in 1996. MHPI allows for the military to use the private sector’s expertise in design, development, finance, and property management to provide military members with higher quality housing at less cost to taxpayers than is possible through typical military construction.

History in San Diego

The Navy and Clark Realty Capital’s first partnership transformed the former Naval Training Center in the Point Loma neighborhood into the new Village at NTC, an architecturally stunning enclave of homes that seamlessly blends 500 high-quality townhomes for enlisted Navy families with the distinctive homes in the surrounding community.

The Navy and Clark Realty Capital are working on similar projects for Navy families in other parts of San Diego, including the Village at Serra Mesa in Serra Mesa; a redevelopment of the Admiral Hartman neighborhood in Pacific Beach; and Gateway Village, a new townhome community recently recognized as the “2006 Project of the Year” by the Point Loma Association.

Regional Economic Impact

Over the last several years, the Navy’s partnership with Clark Realty Capital has had a substantial impact on the San Diego economy. Between 2001 and 2005, the partnership invested nearly $400 million in San Diego’s local military communities. Over 40% of its work in San Diego goes to small business enterprises and locallyowned companies. In all, this partnership alone has created an estimated 1,500 jobs in San Diego.

With the development and construction of Pacific Beacon, Clark Realty will continue its positive impact on the city of San Diego with an investment of approximately $300 million into the local economy and the creation of hundreds new jobs.