*This is a machine-translated text of the original article.

NTT Urban Development Corporation announced that, as a new initiative to diversify its asset types in the US, it will join with Sumitomo Forestry’s US real estate development subsidiary, Crescent Communities LLC, to participate in a high-end rental housing business in Dallas, Texas, through its wholly owned subsidiary, UD USA Inc.

Starting in 2013, the Company has been expanding its real estate business, mainly on the east coast of the United States, and it has operated an office business for a total of 10 properties (of which one property in New York has been sold) in New York, Boston, and Washington, D.C.

The company said it will enter the southern part of the U.S. to develop its first global rental housing business.

The property is located in the center of Oak Lawn neighborhood, a high-end residential area in central Dallas, with upscale shopping malls, supermarkets, bars, and restaurants in the vicinity.

On the other hand, the park, popular walkway, and cycling road have been developed within walking distance, and it also has a quiet atmosphere. In addition, as it is close to the entrance and exit of the expressway, it is easier to access the suburbs.

In addition to its high-quality interior and high-quality facilities, the building offers a wealth of amenities, including a 24-hour concierge service, a pool with picturesque views of Dallas and surrounding greenery, outdoor decks with kitchens, and fitness centers.

Going forward, the company aims to further expand its overseas business, and plans to actively promote development-oriented businesses for housing and offices through collaboration with outstanding business partners.

Original Text: https://ampmedia.jp/2020/03/16/ntt-11/