Mitsubishi Logistics and Marubeni America Form Joint Venture for U.S. Multifamily Real Estate Investment Strategy
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Mitsubishi Logistics Corporation has formed a joint venture with Marubeni America Corporation to pursue a multifamily real estate investment strategy in the U.S. This marks Mitsubishi's entry into the U.S. market, focusing on property renovations and management improvements. The project involves a $30 million investment, with plans to operate the property as rental housing and sell it within 2-5 years, while promoting environmental sustainability. Renovations are set to begin in FY2025.
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