Varsity at College Park, Masonvale, and MacDill Family Housing Recognized in Pillars Awards

WASHINGTON—Yesterday the National Association of Home Builders (NAHB) recognized three Clark projects with Multifamily Pillars of the Industry Awards in an online ceremony. The Varsity at College Park and Masonvale faculty and staff housing, both constructed by Clark Builders Group, took home top honors, as did MacDill Family Housing, a 50-year joint venture between Clark Realty Capital and the Air Force. These three wins mark Clark's seventh consecutive year to receive one or more Pillars Awards.

Pillars judges praised the Varsity at College Park, recipient of the award for Best Student Housing Rental Apartment Community, commenting that "The project has most of the features you'd expect, but each one is done so well that the end result is a terrific community." Judges also complimented the design of the individual units, the project's vibrant common areas, and "great curb appeal."

Located in College Park, Maryland, the Varsity addresses the University of Maryland's critical shortage of quality student housing. The six-story community features 258 fully furnished rental apartments with high-end finishes, luxurious common areas, ground-floor retail and restaurant options, and a pedestrian bridge to campus.

"Recognition from the NAHB Pillars Awards is a tribute to our thoughtful approach in constructing successful, high-quality communities such as the Varsity," said Keith Anderson, president of Clark Builders Group. "We are grateful for each Pillars recognition that Clark Builders Group and Clark Realty Capital have received this year."

NAHB presented Masonvale with the 2012 Pillars Award for Best Workforce Housing. Located adjacent to George Mason University in Fairfax, Virginia, Masonvale provides quality housing to university faculty and students at lower-than-market costs. Beautiful, distinct neighborhoods featuring colonial and craftsman architectural styles offer a range of unit types in a village-like setting connected to the natural landscape.

MacDill Family Housing received NAHB's Pillars Award for Best Multifamily Community Site Plan. Located on MacDill Air Force Base in Tampa, Florida, the development's neighborhoods feature abundant shared amenities and exemplify a mix of housing types and sizes based on military rank. The site plan encourages pedestrianism and fosters community among its deserving military residents.

The Multifamily Pillars of the Industry Awards program highlights innovative development and financing, great design, and superior management and marketing in the apartment and condo marketplace. In July, NAHB recognized two other Clark multifamily projects as Pillars Finalists. The Flats at Atlas in Washington, DC was a Finalist in for Best Overall Leasing Campaign for a Rental Apartment Community, and Del Ray Central apartments of Alexandria, Virginia were recognized in the Best Rental Apartment Community (Non-Garden, 5 Stories or Less) category.

About Clark Builders Group

As one of the top ten multifamily builders in the nation, Clark Builders Group (CBG) is one of the nation's premier builders of luxury apartments, military family housing, and mixed-use communities. CBG has constructed more than 50,000 homes since its founding in 1992 and boasts an extensive portfolio of nationally acclaimed, award-winning communities on both coasts. CBG is an affiliate of the Clark Construction Group, one of the nation's oldest and largest private general contractors. For more information, visit www.clarkbuildersgroup.com.

About Clark Realty Capital

Clark Realty Capital (CRC) is a fully integrated national real estate company offering a broad base of services including capital markets, development, construction, property management, and investment management. The Army, Navy, Air Force, and Marines are leveraging the ingenuity and assured performance of CRC at 12 military installations throughout the United States. Upon completion of current military projects, CRC will have built or renovated over 34,000 homes with a development value in excess of $4.9 billion. For more information, visit www.clarkrealtycapital.com.

About the National Association of Homebuilders

The Federation of the National Association of Home Builders (NAHB) exists to represent the home building industry by serving its members and affiliated state and local builders associations. The NAHB members, who are involved in all aspects of a diversified building industry, create jobs for millions of people and contribute significantly to the economic activity of their community, the nation and the world. Working in partnership, the Federation provides superior service to its more than 160,000 members and their employees and strives to improve housing affordability, availability and choice. For more information, visit www.nahb.org.