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September 23, 2011 For More Information:
Joy Lutes 703.362.0150
Pacific Beacon Naval Housing Earns Community of the Year Award
Multi-Housing News Recognizes One-of-a-Kind Development's Exceptional Performance

Pacific Beacon Naval Housing Earns Community of the Year Award
NEW YORK— At its Excellence Awards cocktail party and ceremony on Monday, Multi-Housing News (MHN) presented Clark Realty Management's (CRM) Pacific Beacon property with the 2011 Multi-Housing Community of the Year Award. This prestigious award is presented to the community demonstrating the most exceptional performance in operations such as resident relations, retention rates, and leasing initiatives.

An unprecedented joint venture between Clark Realty Capital and the Department of the Navy, Pacific Beacon (PB) is the nation's first luxury rental community serving junior enlisted unaccompanied Sailors. Now managed by CRM, Pacific Beacon's four 18-story towers feature 941 dual master-suite units priced well below qualified Sailors' Basic Allowance for Housing (BAH). The project's extensive amenity package, which includes three fitness centers, a multimedia theater, rooftop lounges and swimming pool, a track and sports courts, and more, complements CRM's resident-focused lifestyle programming.

MHN judges praised CRM's ability to recognize the needs of the Pacific Beacon demographic and inspire camaraderie among its residents. "I would have loved to live there as an officer," said one MHN Excellence Awards judge. "It's someplace you'd be proud to live in as a market-rate community."

Pacific Beacon's motto—Easy Livin' — inspires all of CRM's initiatives as it aims to provide the best in resort-style living to deserving Sailors. Resident programs and relations promote comradeship and consistently rank as one of the top reasons Sailors love living at Pacific Beacon. CRM's tailored lifestyle programs include on-site continuing education courses and a 24-hour concierge service; numerous social events, sporting excursions, and outings; and military-specific initiatives to boost morale.

"Clark and Pacific Beacon are honored to be recognized as the Multi-Housing Community of the Year," said Kevin Buckley, vice president of Clark Realty Management and general manager of Pacific Beacon. "The PB community's outstanding performance and resident satisfaction survey results prove that our initiatives have made all the difference to this unique and deserving group of residents."

Pacific Beacon beat out market-rate competition across the country to win the 2011 Community of the Year Award. Each year, the MHN Excellence Awards recognize outstanding people, companies, and properties throughout the industry and the contributions they have made to the multi-housing sector.

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About Clark Realty Management

Clark Realty Management, LLC (CRM) is a nationally recognized property management company dedicated to providing owners and residents with state-of-the-art management services using the latest technologies available. CRM delivers value-added services from conceptual design through marketing, lease-up, maintenance, and asset management. For more information, visit www.clarkrealtymanagement.com.

About Multi-Housing News

Multi-Housing News (MHN) provides the leaders of the multi-housing industry with the most current and complete news, information and analysis in print and online to help them run their businesses more efficiently and profitably. For more information, visit www.multihousingnews.com.