Lendlease to Sell Off U.S. Military Housing Portfolio

July 2, 2024
On Base

Lendlease will get out of the U.S. military housing business in early 2025, according to an  announcement to investors. The Australia-based company is selling that part of its portfolio to Omaha Beach Investment Holdings, LLC, which is part of Guggenheim Partners Investment Management, LLC.

Omaha Beach Investment Holdings will pay US$320 in the deal, which includes the transfer of about 150 employees.

Lendlease currently owns around 40,000 military units across 24 U.S. states, most of which it designed and built, according to Sky News Australia.

Army photo by Samantha Harms

July 2, 2024
On Base

Recent News

NDAA Drafts Include 3.8% Troop Pay Raise

NDAA Drafts Include 3.8% Troop Pay Raise

Jul 14, 2025

Service members could get a 3.8% pay increase in fiscal year 2026, if House and Senate defense appropriators get their way. The pay raise is included in both chambers’ draft versions of the National Defense Authorization Act, as Military.com reported. The raise is in...

Oct. 26: Tee Up with ADC in Seaside to Support Veterans in California

Oct. 26: Tee Up with ADC in Seaside to Support Veterans in California

Jul 14, 2025

ADC’s annual One Community Charity Golf Tournament will take place Sunday, Oct. 26 in Seaside, California, a day before ADC’s Installation Innovation Forum launches in nearby Monterey. The game will take place at Bayonet Black Horse, built on the former Fort Ord....

In Our Communities

In Our Communities

Jul 14, 2025

Army Reserve and National Guard Meet for Cybersecurity Training Cyber Shield 2025, hosted at the Virginia National Guard State Military Reservation, was attended by nearly a thousand members of the defense community, according to an Army story. The two-week event...

Coast Guard Districts Get New Names

Coast Guard Districts Get New Names

Jul 11, 2025

The Coast Guard has dropped its numbered districts and is now referring to its operations in terms of regions, Military.com reported. Coast Guard officials say it will help them connect more with the communities they serve. The regions are now known as: District 1:...

In Our Communities

In Our Communities

Jul 11, 2025

Arizona Army Base Teaches Data Literacy Yuma Proving Ground, Arizona, has begun a monthly data literacy class for those stationed at the base. The two-day course is designed to acquaint students with the framework of data science and prepare them to understand all...

PAST STORIES