Corvias Group, a privately-owned company headquartered in Our Backyard, is fast building a national reputation. The public-private partnership development firm earned more than $640M in revenues last year and recently booked another $650 million in new business.
There’s the $100 million, first-of-its-kind public-private partnership in Maryland to tackle storm-water management and the $517 million deal to develop and manage student housing for nine college campuses in the University of Georgia system.
Through three divisions — Corvias Military Living, Corvias Campus Living and Corvias Solutions – the East Greenwich company works on behalf of the U.S. military, colleges and universities, and public sector agencies to develop tailored solutions that remedy some of America’s most challenging deficiencies in infrastructure and facilities caused by chronic underinvestment.
“We are governed by three core principles: Be the best provider of service; be the best place to work; and, generously give back to the communities where we live and serve,” says Corvias founder and CEO John Picerne.
In Maryland, Prince George’s County will invest $100 million in the initial three-year retrofit and Corvias will manage the design, construction and long-term maintenance of storm-water management systems for up to 4,000 acres. As an added bonus, Corvias will also drive local economic development by using local small and minority-owned businesses for at least 35 percent of the total project scope.
In Georgia, Corvias will build 3,683 new beds across seven of the nine privatized campuses. Each development program will be tailored to the needs of each individual school, enabling each campus to attract, educate, retain and graduate a growing number of students.
The work includes design that supports long-term flexibility of use and student engagement with a focus on affordability without sacrificing quality. Corvias will also be responsible for managing the operations of the new housing facilities, as well as the 6,195 existing beds for the duration of the 65-year partnership.
From its home in Our Backyard, the company’s portfolio extends from Alaska to Florida with more than 26,145 units and 82,807 beds owned and operated across nine states on more than 16,577 acres. Fort Bragg in North Carolina, one of the 13 military installations where Corvias manages housing, covers 251 square miles alone.