The Department of the Navy selected GMH Communities Trust on Feb. 26 to enter into exclusive negotiations for the design, construction, management, and maintenance of affordable, quality military family housing at 11 Navy bases in five Southeast states. The initiative is one of the largest public/private venture (PPV) housing initiatives to date. The 50-year term of the project will begin with a six-year Initial Development Period (IDP) valued at approximately $772 million. "This project is one of the most ambitious public/private ventures undertaken for Navy families,” said Scott Forrest, director, Special Venture Acquisition, Naval Facilities Engineering Command.