Project outline
Invested
business U.S. ESG-friendly real estate opportunities fund
Fund scale Approx. 70 billion JPY
Assets New development of four rental multi-family housing properties
Asset
NOVEL
Beach Park
NOVEL
14th Street
NOVEL
River District
NOVEL
North Buckhead
Location Tampa, Florida Washington,D.C.
Charlotte,
North Carolina
Atlanta, Georgia
Structure
Ten-story
reinforced concrete
structure
Eight-story
reinforced concrete
structure
Three- to four -
story wooden
structure
25-story reinforced
concrete structure
Number of
units
289 units 200 units 292 units 250 units
Operation
period Sale after 5 years of operation
Asset
managers
Crescent Communities, LLC
Headquarters: Charlotte, North Carolina
Representative: Brian Natwick, President, CEO
Description of business: Development of multi-family housing properties, commercial
complexes and other properties in the southeastern and
southwestern regions of the U.S. covering16 markets in 10 states
and 1 special district
SCF Asset Management Co., Ltd.
Headquarters: Otemachi, Chiyoda-ku, Tokyo
Representative:Yujiro Yoshizawa, President and Representative Director
Description of business: Provision of investment advisory services related to investment
funds formed by the Sumitomo Forestry Group and other
companiesESG・In principle, U.S. Green Building Certifications (LEED, NGBS, Fitwel, etc.) to be
acquired
・Community-oriented development though dialogues with neighborhoods to be
implemented
Attachment