Announced details
Development and operation of rental apartments in the United States; overseas real estate investment
The Company invested in the project through its US subsidiary, Keihanshin Building America Co., Ltd. This is the Company's first collaboration with FDG and JOIN.
Flournoy Development Group, LLC A subsidiary of KAJIMA CORPORATION's US subsidiary. It has an extensive track record in rental apartment development in the southeastern United States. Address: 1100 Brookstone Centre Parkway, Columbus, GA, USA. Development, asset management and operations of rental apartments and senior housing, among other properties. Assets under management of more than $1.8 billion. / Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development 2-2-3 Marunouchi, Chiyoda-ku, Tokyo. An infrastructure fund established in 2014 by the public and private sectors to promote the entry of Japanese companies into overseas markets for infrastructure businesses, including overseas transport and urban development, by leveraging Japanese knowledge, technology and experience.
10200 Claude Freeman Dr, Charlotte, NC, Charlotte, North Carolina
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
| Item | Details |
|---|---|
| Names of Products / Services Covered | Rental apartment development project |
| Counterparty | Flournoy Development Group, LLC, Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) |
| Counterparty overview | Flournoy Development Group, LLC A subsidiary of KAJIMA CORPORATION's US subsidiary. It has an extensive track record in rental apartment development in the southeastern United States. Address: 1100 Brookstone Centre Parkway, Columbus, GA, USA. Development, asset management and operations of rental apartments and senior housing, among other properties. Assets under management of more than $1.8 billion. / Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development 2-2-3 Marunouchi, Chiyoda-ku, Tokyo. An infrastructure fund established in 2014 by the public and private sectors to promote the entry of Japanese companies into overseas markets for infrastructure businesses, including overseas transport and urban development, by leveraging Japanese knowledge, technology and experience. |
| Relationship with the Company | The Company invested in the project through its US subsidiary, Keihanshin Building America Co., Ltd. This is the Company's first collaboration with FDG and JOIN. |
| Applicable area | Development and operation of rental apartments in the United States; overseas real estate investment |
| Location | 10200 Claude Freeman Dr, Charlotte, NC, Charlotte, North Carolina |
| Location scale | Planned site area: approximately 124,000 m² (37,510 tsubo); 7 buildings, 3–4 above-ground floors; rentable floor area: approximately 29,000 m² (8,770 tsubo); 318 total units |
Items this document does not state (11)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The investment is intended to help transform the Company's earnings structure into one that balances stability and growth by investing in overseas real estate with strong growth prospects, in line with its long-term management plan. The area is also home to corporate research facilities and leading universities, has seen significant population inflows, and is expected to continue generating robust demand.