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MIAMI & DALLAS, July 30, 2026--Millrose Properties, Inc. (NYSE: MRP, "Millrose"), the homesite option platform for residential homebuilders, and JPI, a premier developer of multifamily communities and subsidiary of Sumitomo Forestry Co., Ltd. (TSE: 1911), today announced the closing of the first acquisition in a new land banking facility established by JPI and Kennedy Lewis Investment Management (KLIM), the parent of Millrose’s external manager, to fund Class A multifamily land acquisition and d
Tri Pointe Homes, now a subsidiary of Sumitomo Forestry, CEO Doug Bauer said Wednesday that the newly approved bipartisan housing bill is unlikely to solve America’s affordability crisis, arguing the real barriers to affordable housing lie at the state and...
Supports expansion of U.S. housing supply while accelerating growth of Tri Pointe Homes’ high-quality operationsTOKYO and INCLINE VILLAGE, Nev., May 14, 2026 (GLOBE NEWSWIRE) -- Sumitomo Forestry Co., Ltd. (“Sumitomo Forestry”) (TSE: 1911) and Tri Pointe Homes, Inc. (“Tri Pointe Homes”) today announced the successful completion of Sumitomo Forestry’s acquisition of Tri Pointe Homes for US$47.00 per share. With the closing of the transaction, Tri Pointe Homes is now a wholly owned subsidiary of S
Recent Share Performance Puts Sumitomo Forestry on Investors’ Radar Recent share performance for Sumitomo Forestry (TSE:1911), including a decline of about 8% over the past month and roughly 28% over the past 3 months, is prompting investors to reassess this long-established forestry and housing stock. See our latest analysis for Sumitomo Forestry. At a share price of ¥1,322.0, Sumitomo Forestry’s recent 1 month share price return of about 8% down and 3 month share price return of about 28%...
INCLINE VILLAGE, Nev., April 29, 2026 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (the “Company”) (NYSE:TPH) today announced results for the first quarter ended March 31, 2026. As previously announced on February 13, 2026, the Company entered into the Agreement and Plan of Merger, dated February 13, 2026 (the “Merger Agreement”), with Sumitomo Forestry Co., Ltd., a Japanese corporation (kabushiki kaisha) (“Sumitomo Forestry”), and Teton NewCo, Inc., a Delaware corporation and an indirect wholly o
Japan’s domestic population is shrinking and aging (fast!), limiting long-term housing growth and risking a sharp contraction for Japanese homebuilders. So, they’re turning to the U.S.
The U.S. faces a shortage of 4.03 million homes—and the Japanese firms are positioned with resources as local homebuilders shut up shop.
Supports expansion of affordable U.S. housing supply in addition to accelerating growth of Tri Pointe Homes’ high-quality homebuilding operations and providing U.S. homebuyers with a broader array of housing options Deepens Sumitomo Forestry’s U.S. investment with addition of Tri Pointe Homes’ more than 150 active communities and presence across 13 high-growth states Tri Pointe Homes stockholders to receive US$47.00 per share in all-cash transaction valued at approximately US$4.5 billion Represe
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