Michael Steiner to Lead Corvias Group's Military Housing Division

March 11, 2013

New Managing Director will be in charge of operating 24,000 homes for service members nationwide

Fort George G. Meade, Md. (March 11, 2013) – Corvias Group, a privately-owned, vertically-integrated real estate solutions group, today announced that Michael Steiner has been promoted to Managing Director of the company’s military housing division, Picerne Military Housing.

Previously the Executive Vice President in charge of operations at Fort Meade, Aberdeen Proving Ground, Fort Riley and Fort Bragg, Steiner is now responsible for overseeing the construction, property management and staffing operations of 24,000 units on all seven of Picerne’s military bases. As Picerne expands its portfolio and mission to serve the needs of single service members in addition to military families, Steiner will work directly with the military to ensure that the company continues to fit seamlessly into the fabric of installations and maintain a strong partnership with the military.

“Corvias’ unique value is in our partnership with the military, and in our approach of working with our partners to identify their challenges and create solutions,” said John Picerne, CEO of Corvias Group. “I have worked with Mike for the past seven years and have witnessed his deep understanding of our mission. I am confident that he is the best person to lead our military housing division as it continues to expand.”

Steiner joined Corvias Group in 2006 as a Program Director handling the day-to-day operational activities for 3,000 homes at Fort Meade. With the addition of Aberdeen Proving Ground and Fort Riley, his responsibilities grew to include the management of 6,826 homes, the construction of 2,125 new homes and the renovation of 3,402 existing homes with a total development budget in excess of $915 million. Steiner has more than 25 years of experience in real estate development and property management, six of which were in privatized military housing.

“The experience I’ve had working directly with our residents and partners has given me first-hand knowledge of how Picerne can help improve the quality of life for those we serve,” said Steiner. “I look forward to bringing this knowledge into my new role as we work to improve installations across the U.S. in support of our brave service members.”

Steiner graduated from Towson University with a bachelor’s degree in business. He is a past president of the Maryland Multi-Housing Association and founding member of their board of directors.

About Corvias Group

Corvias is a privately-owned, vertically-integrated real estate solutions group dedicated to building strong communities through partnerships that deliver the highest quality development, construction and management solutions to a range of clients, including the military and higher education. Applying our success as pioneers of real estate development and management as Picerne Military Housing, Corvias delivers customer service that exceeds client expectations and an innovative, holistic approach to facility financing, management and construction. We have the ability to forge partnerships that consistently put the interests of our clients first and the flexibility to pursue creative, sustainable long-term solutions to their most difficult challenges. www.corvias.com