LogProstyle, Inmark to form joint venture

LogProstyle (LGPS) announced that the company entered into a shareholders’ agreement with Australia-based Inmark to establish a joint venture entity, Inmark LogProstyle. The parties agreed to an initial ownership ratio whereby Inmark will subscribe for a 51% interest and LogProstyle will subscribe for a 49% interest in the company. Inmark LogProstyle plans to originate, acquire, finance, develop, manage, operate, and enhance real estate investment assets across Japan, with a particular emphasis on the multi-family real estate sector.