Hunt Military Communities (HMC) today announced two significant milestones at Atlantic Marine Corps Communities (AMCC), the approximately 7,900-home portfolio spanning eight Marine Corps and Navy installations where HMC has served as Managing Member since October 2024. S&P Global Ratings has issued its second upgrade of AMCC debt since HMC assumed the Managing Member role, bringing all classes of AMCC’s outstanding bonds to investment grade. Additionally, the project’s recapitalization account has received its first deposit in several years, three months ahead of the financial pro forma schedule.

With this month’s action, all classes of AMCC’s outstanding bonds are now rated investment grade, with ratings ranging from A (sf) to AA- (sf). The most subordinate lien — the Class IV bonds — has been upgraded to A (sf) from BBB+ (sf), following a prior upgrade in April 2025, bringing the rating from its earlier BB+ (sf) level to its current investment-grade status. S&P assigned a Positive outlook on the Class I, II, and III bonds and a Stable outlook on the Class IV bonds.

Both milestones reflect sustained improvement in project coverage, underpinned by the completion of repairs from prior hurricane damage and ongoing cost management, as noted by S&P Global Ratings. Separately, based on management-reported, unaudited figures, portfolio occupancy increased from 88.83% to 92.66%, and renegotiated vendor contracts resulted in average savings of 18%. These HMC-reported operational improvements helped support funding of the recapitalization account, the long-term reinvestment instrument for the communities, ahead of the financial pro forma schedule.

“These milestones reflect what the MHPI model delivers when it is executed with accountability and long-term intent. The ratings upgrades recognize the progress our team has made since October 2024, and the ahead-of-schedule recapitalization deposit means we have begun reinvesting in the long-term future of these communities. That is what the families who live here deserve.”

— Brian Stann, CEO, Hunt Military Communities

 

Source: S&P Global Ratings, “Atlantic Marine Corps Communities, NC Class IV Bonds,” https://www.spglobal.com/ratings/de/regulatory/article/-/view/type/HTML/id/3604131

About Hunt Military Communities

Hunt Military Communities (HMC), the nation’s leading military housing owner, developer, and operator, offers unsurpassed quality and service to approximately 175,000 residents in more than 60,000 homes across the United States on Army, Marine Corps, Navy, Air Force, and Space Force installations. Hunt does this through its company pillars: excellence, customer commitment, accountability, integrity, and continuous improvement. With a more than 55-year legacy and a partnership with the Department of War, HMC is honored to serve as a trusted steward of military housing communities and is dedicated to supporting the families who call them home. For more information, visit www.huntmilitarycommunities.com.

Forward-Looking Statements and Credit Ratings Disclaimer. This press release contains forward-looking statements, including statements regarding future performance, outlook, plans, and expectations. These statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied by such statements. Readers should not place undue reliance on these statements, which speak only as of the date of this release. Credit ratings referenced herein are statements of opinion and not statements of fact. There is no assurance that any rating will be maintained at its current level, and ratings may be raised, lowered, suspended, or withdrawn at any time and from time to time by the rating agency in its sole discretion. HMC assumes no obligation to update this press release in connection with any future change in ratings or for any other reason.

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