Will the US Army's recent drawdown announcement affect your market?

[Andrew K.]

General Odierno, the Army Chief of Staff, recently announced the deactivation of 10 Brigades (approx. 29,000 soldiers) by 2017. Additionally the Army is cutting about $400 million in construction projects.

http://www.reuters.com/article/2013/06/25/us-usa-army-idUSBRE95O1IR20130625

These cuts are spread out between 11 bases across the country; Joint Base Lewis-McChord in Washington, Fort Carson in Colorado, Fort Riley in Kansas, Fort Bliss and Fort Hood in Texas, Fort Polk in Louisiana, Fort Stewart in Georgia, Fort Campbell and Fort Knox in Kentucky, Fort Bragg in North Carolina and Fort Drum in New York.

I was stationed at Ft. Bragg, NC when the results of the last BRAC realignment created a massive, unsustainable housing construction boom. Now the area is saturated with new construction and high average DOM for resale homes. The rental market seems to still be strong, however I believe these cuts may change that.

Are any investors closely following this (and broader DoD cuts)? Do you currently invest in any of the affected markets? If so, any plans to modify your strategy? Any thoughts as to the wider impact to the local markets?