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US rental homes: Daiwa House to invest 150b yen

Firm will develop leasing properties in Texas as Japan's population shrinks

Published Mon, Mar 3, 2014 · 10:00 PM
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[TOKYO] Daiwa House Industry Co, Japan's biggest homebuilder by market value, plans to invest 150 billion yen (S$1.9 billion) in US rental housing, three times more than it had aimed to allocate to overseas investments, to boost revenue.

Daiwa House will acquire and develop leasing properties in Texas and allocate the funds over the next three years, the Osaka-based company said yesterday. The homebuilder targets 50 billion y…

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