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Backing of One of Japan's Largest Firms Could Open New Doors for JPI

Sumitomo Forestry America Completes Acquisition of Texas Apartment Developer

JPI has a history of developing upscale apartments, such as this one in Grand Prairie, Texas, just outside of Dallas. The recently completed acquisition of JPI by Sumitomo Forestry America is expected to give it more capital for development. (JPI)
JPI has a history of developing upscale apartments, such as this one in Grand Prairie, Texas, just outside of Dallas. The recently completed acquisition of JPI by Sumitomo Forestry America is expected to give it more capital for development. (JPI)

A Texas apartment developer is now part of a larger company with even bigger pockets upon the completion of an acquisition last week that made JPI part of a family of companies led by Sumitomo Forestry America, solidifying JPI's future growth and expanding its capital resources.

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