Sumitomo Forestry America Inc.

Acquisition of Irving-Based JPI Completed by Japan-Based Company

by | Dec 7, 2023

Irving-based multifamily community developer JPI announced that the acquisition of its operating platform by Sumitomo Forestry America Inc. has been completed.

We first told you about the deal in October. No financial details were released.

“This partnership marks a pivotal moment for JPI and I’m very excited for two primary reasons,” JPI Chief Executive Officer Payton Mayes said in a statement....

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....