It was reported that Sumitomo Forestry's US subsidiary plans to partner with Japanese companies and others to develop rental multifamily housing in Phoenix, Arizona.
Sumitomo Forestry's wholly owned US subsidiary is reported to be planning to partner with Japanese companies and others to develop rental multifamily housing in Phoenix.
The report provides no details on the project's specific scale or completion date.
The report points to the possibility of increased activity in the US rental housing market through cooperation between Japanese and local companies.