Sale of Crescent Communities to Japanese Firm Gives US Developer a Bigger Investment Reach

Crescent Communities is developing a 302-unit apartment complex over 23,000 square feet of retail space in the Bishop Arts neighborhood in Dallas. In a move expected to bring more than $ 500 million of future real estate investment to North Carolina-based Crescent Communities LLC, Sumitomo Forestry America Inc., a subsidiary of Japan-based Sumitomo Forestry Co. Ltd., has agreed to acquire the Charlotte, N.C.-based residential and commercial developer…
National Commercial Real Estate News From CoStar Group

Leave a Reply

Your email address will not be published. Required fields are marked *