Fuyo General Lease Co., Ltd. (JP:8424) has released an update.
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Sumitomo Forestry Co., Ltd., Fuyo General Lease Co., Ltd., and Odakyu Electric Railway Co., Ltd. are collaborating with Trammell Crow Residential to develop a $145.3 million wooden multifamily housing complex in Montclair, Los Angeles, with leasing to start in June 2026. The eco-friendly complex will feature 302 units with amenities like a resort-style pool, and aims to contribute to decarbonization through the use of wood construction, which sequesters CO2. This project is part of a strategic expansion in the U.S. real estate market by the Japanese companies and their commitment to sustainable growth and creating shared value.
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