minority interest

Irving Multifamily Developer JPI to be Acquired by Japanese Forestry Co.

by | Oct 2, 2023

Irving-based JPI, a developer of multifamily communities, is being acquired by Sumitomo Forestry America Inc., a comprehensive housing and wood products subsidiary of Sumitomo Forestry Co. Ltd., the companies announced.

JPI said that minority interests will be acquired by JPI Chief Executive Officer Payton Mayes and Mollie Fadule, JPI chief financial and investment officer....

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