News | Press Releases | Immediate Release

November 28, 2005 For More Information:
Joy Lutes 877.846.7760
Clark Pinnacle Raises More Than $89,000 for Children of Military Families

Clark Pinnacle Raises More Than $89,000 for Children of Military Families
MONTEREY, Calif. — Clark Pinnacle, the U.S. Navy's and Army's housing privatization partner, hosted a charity golf tournament on Nov. 18 at the Monterey Pines Golf Course. At the awards ceremony, Clark Pinnacle donated $32,500 to La Mesa Elementary, $32,500 to Marshall Elementary, $13,000 to Fitch Middle School, $5,000 to Boy Scout Troop #135, $3,000 to the Seaside High School JROTC program, and $3,000 to the Presidio of Monterey Youth Sports Program. More than 140 golfers participated in the four-person scramble, including representatives from Clark Pinnacle and the many consulting and subcontracting firms working on the housing revitalization efforts at La Mesa Village and Ord Military Community.

"We are honored to be a part of a process that is renewing and rebuilding the military communities here in Monterey," said Francis Coen, project director for Clark Realty Capital. "We recognize the sacrifices today's military families make and are thankful that we can give something back. Donating to the local schools benefits both the military community and the Monterey Peninsula community in its entirety."

Clark Pinnacle is working in unison with the Department of the Navy and the Department of the Army to develop its plans for The Parks at Monterey Bay, the renamed military housing located on the Presidio of Monterey and La Mesa Village in Monterey and at the Ord Military Community in Seaside. Clark Pinnacle is a joint venture between Clark Realty Capital, an award-winning real estate development and construction firm in Bethesda, Md., and Pinnacle American Management Services Company, a national leader in third-party fee management of investment real estate based in Seattle.

Clark Pinnacle also hosted its First Annual San Diego Charity Golf Tournament on Nov. 17 at the Mount Woodson Golf Club. At the awards ceremony, Clark Pinnacle donated $85,000 to the Navy-Marine Corps Relief Society to benefit Sailors and Marines affected by Hurricane Katrina. The inaugural Monterey and San Diego golf tourneys follow on the heels of the Second Annual Charity Golf Classic held at Fort Belvoir in August. Clark Pinnacle raised $114,000, which was split evenly between Fort Belvoir Youth Sports and the Army Emergency Relief of Fort Belvoir.

None of the funds dedicated to the Monterey Bay family housing and San Diego unaccompanied housing programs were used toward these events. The annual charity golf tournaments are neither endorsed nor sponsored by the Department of Defense, Department of the Navy, or Department of the Army.

# # #

About Clark Realty

Clark Realty is a fully integrated national real estate and construction company offering a broad base of services including development, capital markets, construction, investment management, and real estate strategies. Founded in 1906, the Clark organization has become one of the country's premier real estate companies and the largest privately held general building contractor in the nation. Clark is headquartered in Bethesda, Md., with regional offices strategically located throughout the United States.

About Pinnacle

Pinnacle, an American Management Services Company, is an international real estate investment management firm headquartered in Seattle. Pinnacle's portfolio, valued at more than $7.5 billion, includes properties in 42 states and 266 cities in the United States. Pinnacle manages more than 125,000 residential units nationwide. Pinnacle was recently awarded the 2005 "Property Management Company of the Year" Award from the National Association of Home Builders.

La Mesa Elementary School

Constructed in 1955, La Mesa Elementary is located in La Mesa Village in beautiful Monterey. The 575 "Sea Lions" who attend the school are composed of more than 66 percent military children. The school demographic represents 38 countries and 36 languages.

Marshall Elementary School

Built in 1963, the school is now home to a student population of 530. Located in the Ord Military Community (former Ft. Ord), the Marshall "Mustangs" are a diverse group of students, with 77 percent being children from military families.

Fitch Middle School

The "Kodiaks" found a home at Fitch Middle School in 1961. Currently, the school has 777 students with a little more than 20 percent being military children.

Boy Scout Troop #135

The troop was first chartered in 1956 to the 1st Basic Combat Training Brigade on Fort Ord, and today is the "Last Boy Scout Troop" on the former base. Troop 135 services both DLI and OMC with Cub Scout Pack 135. On August 1, 2005, the troop moved to its new home with new sponsor, The Parks at Monterey Bay - the first civilian charter in the troops' 49-year history.