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Sale of Crescent Communities to Japanese Firm Gives US Developer a Bigger Investment Reach | Secured Yields Sale of Crescent Communities to Japanese Firm Gives US Developer a Bigger Investment Reach – Secured Yields

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

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