Login

US Developer With Nearly 10,000 Apartments in the Pipeline Being Bought by Japanese Firm

Texas-Based JPI To Be Acquired by Sumitomo Forestry
JPI is known for developing luxury amenities at its apartment properties. This resort-style pool at Jefferson at The Grove in Frisco, Texas, is an example of the upscale amenities at one of JPI's properties. (CoStar)
JPI is known for developing luxury amenities at its apartment properties. This resort-style pool at Jefferson at The Grove in Frisco, Texas, is an example of the upscale amenities at one of JPI's properties. (CoStar)
CoStar News
October 3, 2023 | 10:09 P.M.

National apartment developer JPI, with more than 9,700 units under construction throughout the United States, is selling its operating arm to Sumitomo Forestry for an undisclosed sum in a deal expected to close by year's end.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE