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October 18, 2005 MORE NEWS

Clark Pinnacle Accepts Project of the Year, Best Use of Technology Awards at Multifamily Executive Conference

LAS VEGAS - Clark Pinnacle Family Communities was honored with a Grand Award for Best Use of Technology and a Merit Award for Project of the Year - Military for Monterey Bay Military Housing. Multifamily Executive (MFE), a national business management magazine serving more than 25,000 owners, management firms, developers and investors of multifamily housing, presented Clark Pinnacle with the award at the magazine's annual educational conference.

"The judges were impressed by Clark Pinnacle's efforts to serve the nation's military families, both in terms of housing and services," said Alison Rice.

Clark overcame major wireless networking obstacles at Monterey Bay Military Housing, including long distances, phased demolition and construction, and two military branches. An essential part of rebuilding this training and education facility, used by both the Army and Navy, was to provide broadband access for residents in a widely spread military neighborhood of newly constructed homes and existing homes. Clark implemented a cutting-edge broadband standard, which allows for connections as distant as six miles, to distribute the broadband access to multiple local access points located around the Monterey Bay housing area.

The 2,209-home Monterey Bay community was awarded Project of the Year because it "combines architectural detail, creative financing solutions and the ability to work with governmental and community officials to get the development done." Clark Pinnacle has raised more than $350 million to improve the quality of life for the thousands of military families assigned to the Defense Language Institute Foreign Language Center at Presidio of Monterey or the Naval Postgraduate School. In addition, the size and nature of the project requires a high level of communication and cooperation between military, private, and municipal organizations.

Architect Torti Gallas and Partners designed the new one- and two- story homes in styles consistent with the existing architecture of the Monterey Peninsula, including Spanish Mission, Craftsman, and Monterey Colonial styles. The family housing, which have a minimum of three bedrooms, averages 1,800 square feet and offers a range of floor plans. Interior amenities include separate study rooms, Corian-style countertops, dishwashers, nine-foot ceilings on first floors, and two-car garages. Community amenities will include two community recreation centers with indoor pools, new neighborhood centers, a new "town hall," outdoor playing courts and fields, and children's play areas. For more information about the award-winning development, visit the property's website at www.theparksatmontereybay.com.

Clark Pinnacle is a joint venture between Clark Realty Capital of Bethesda, Md., and Pinnacle of Seattle.




Clark Pinnacle's partnership with the U.S. Army and Navy involves a portfolio of approximately 12,200 military housing units in five distinct military communities.