Hunt Companies Donates $300,000 for Charter School on Little Rock Air Force Base

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Development Group, affiliate of Hunt Companies, Inc., donates $300,000 to Little Rock Air Force Base Charter School

Hunt Development Group (HDG) is pleased to announce they have donated a $300,000 grant to the Flightline Academy (Flightline), a Lighthouse Academies, Inc. charter school located on Little Rock Air Force Base in Jacksonville, Arkansas. The announcement was made by Chris Hunt, CEO of HDG. Pinnacle American Management Services (AMS) matched Hunt’s donation bringing the combined gift to $600,000.

“It is important to Hunt that our residents have robust options for educating their children,” said Chris Hunt. “We are pleased to have this opportunity to support an exciting initiative in Jacksonville and believe it will provide an excellent educational option for the children of the servicemen and women stationed at Little Rock AFB.”

Col. Michael Minhan, Commander of the 19th Airlift Wing, agreed, "It's no secret that housing and schools are at the top of the list when people are choosing a place to live. The Hunt-Pinnacle housing team has been an 'all in' partner at Little Rock Air Force Base and their $600,000 contribution was crucial for helping make Flightline Academy a reality. This is just another one of many Hunt-Pinnacle initiatives focused on improving the lives of our Airmen, their families, and our local community."

Currently, the Lighthouse Academy has one campus for K-12 located in Pulaski County. The funds from the grant will be used to fund improvements to the former officers club at Little Rock AFB and subsequently open Flightline, which will serve 175 children in grades 5th through 8th and is slated to open in August of 2011.

“Lighthouse Academies was founded to create opportunities for all children to have access to a high quality education program that will prepare them to graduate from college. We are thankful for the opportunity that this donation creates for the families who every day do so much for all of us,” said Mike Ronan, President and CEO of Lighthouse Academies.

Hunt Development Group is currently working on a 1,000 unit housing development at Little Rock Air Force Base.

ABOUT HUNT
Hunt Development Group is an affiliate of Hunt Companies, Inc. Founded in 1947, Hunt Companies, Inc. has become a leading national privately-owned real estate investor, manager, developer, and contractor. Hunt’s focus and experience is in sectors such as public-private partnerships, military housing, mixed-use, multi-family housing, master-planned communities, government build-to-lease programs, retail, and office. The services Hunt provides to these sectors include Investment Management, Development, Construction Services, and Asset and Property Management Services.

Hunt and its affiliates have $9.98 Billion of Assets Under Management. These assets include 65,000 Multi-Family Housing units, 5.7 million square feet of commercial, 1 million square feet of industrial and 3.7 million square feet of retail. Hunt’s expertise is also comprised of 90,000 housing units built, thousands of acres of land developed, and over 400 projects completed in 32 states. Development project costs have been in excess of $6.3 billion, with over $7.8 billion in construction costs. Hunt’s 2010 gross revenue was over $900 million.

Hunt affiliates include Hunt Building Company, Hunt Development Group, Hunt Communities, Hunt Military Communities, TRECAP Partners, Hunt Capital Partners, and LEDIC Management Group. Hunt Companies, Inc is headquartered in El Paso, TX with regional offices in Washington, D.C; Albuquerque, NM; Honolulu, HI; Los Angeles, CA; Chicago, IL; Philadelphia, PA; and Memphis, TN. For more information, visit http://www.huntcompanies.com.

ABOUT LIGHTHOUSE ACADEMIES INC.
Lighthouse Academies, Inc. (LHA) is a national nonprofit network of charter schools. The network includes a growing community of approximately 4,600 students and families, and approximately 500 teachers, principals and staff members. Lighthouse Academies uses a rigorous academic program to prepare students to graduate from college. Jacksonville Lighthouse Charter School (JLCS) joined the network in 2009.

Photo Caption
From left) Robin Vaughn of Hunt; Phil Davis, Larry Biernacki, Mike Ronan, Phillis Anderson; Mike Rouen of Pinnacle; Mike Wilson, Col. Mike Minihan, 19th Airlift Wing commander; Kathy Wilson Roberts, Larry Wilson, and Chief Master Sgt. James Morris, 19th Airlift Wing command chief, pose for group photo April 12, 2011, at the Flightline Academy at Little Rock Air Force Base, Ark. Hunt and Pinnacle each pledged $300,000 toward the establishment of a Lighthouse Academies middle school. (U.S. Air Force photo by Airman 1st Class Ellora Stewart)

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Brenda Christman
brenda.christman@huntcompanies.com
915-533-1122
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