Sumitomo Mitsui Trust Panasonic Finance Invests in Its First Real Estate Development Project in the U.S.
Sumitomo Mitsui Trust Panasonic Finance has invested in the "DECLAN HUNTERSVILLE" residential rental development in North Carolina, USA. This marks the company's first overseas real estate development investment, conducted as a joint venture with Flournoy Development Group (FDG), a U.S. subsidiary of Kajima Corporation. The company aims to expand its business domain by deploying its established domestic real estate finance expertise globally.
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- 📰 Published: May 20, 2026 at 00:33
- 🔍 Collected: May 19, 2026 at 16:01
- 🤖 AI Analyzed: May 19, 2026 at 16:05 (3 min after Collected)
Sumitomo Mitsui Trust Panasonic Finance Co., Ltd. (Headquarters: Minato-ku, Tokyo; President: Keiichi Hamano; hereinafter "the Company") has invested in the "DECLAN HUNTERSVILLE" residential rental development project located in the Charlotte metropolitan area, North Carolina, USA (hereinafter "the Project"). This investment represents the Company's first foray into overseas real estate development projects.
The Project is a joint venture with Flournoy Development Group (FDG; Headquarters: Columbus, Georgia), the U.S. subsidiary of Kajima Corporation (Headquarters: Minato-ku, Tokyo; Representative Director, Chairman and President: Yoshikazu Oshimi). It is a rare development opportunity made possible by the long-standing relationships and trust FDG has built in the region.
The property is situated in the northern part of the Charlotte metropolitan area, the second-largest financial hub in the United States. Located midway between downtown Charlotte and Lake Norman, which offers a rich natural environment, the site boasts excellent access to key areas where employment is concentrated.
The Company has significantly expanded its real estate finance solution business in Japan, built on a foundation of strong trust with its clients. The transaction volume of this business has grown dramatically in recent years, and it continues to evolve as a core business. Beyond traditional services like leasehold building leasing and management of real estate trust beneficial rights, the Company has established a system to address a wide range of client needs using diverse methods, including mezzanine loans and equity investments. Leveraging this project, the Company will expand its real estate finance solution expertise gained in Japan to overseas markets, further broadening its business scope.
The Company remains committed to contributing to business promotion through new value provision as a partner that co-creates business and growth with its clients.
[Property Overview]
- Location: 12755 Hambright Road, Huntersville, NC 28078
- Use: Residential rental apartment
- Site Area: 1,551,607 SF (approx. 144,150 sqm)
- Construction Start: April 2026
- Completion (Scheduled): 2028
The Project is a joint venture with Flournoy Development Group (FDG; Headquarters: Columbus, Georgia), the U.S. subsidiary of Kajima Corporation (Headquarters: Minato-ku, Tokyo; Representative Director, Chairman and President: Yoshikazu Oshimi). It is a rare development opportunity made possible by the long-standing relationships and trust FDG has built in the region.
The property is situated in the northern part of the Charlotte metropolitan area, the second-largest financial hub in the United States. Located midway between downtown Charlotte and Lake Norman, which offers a rich natural environment, the site boasts excellent access to key areas where employment is concentrated.
The Company has significantly expanded its real estate finance solution business in Japan, built on a foundation of strong trust with its clients. The transaction volume of this business has grown dramatically in recent years, and it continues to evolve as a core business. Beyond traditional services like leasehold building leasing and management of real estate trust beneficial rights, the Company has established a system to address a wide range of client needs using diverse methods, including mezzanine loans and equity investments. Leveraging this project, the Company will expand its real estate finance solution expertise gained in Japan to overseas markets, further broadening its business scope.
The Company remains committed to contributing to business promotion through new value provision as a partner that co-creates business and growth with its clients.
[Property Overview]
- Location: 12755 Hambright Road, Huntersville, NC 28078
- Use: Residential rental apartment
- Site Area: 1,551,607 SF (approx. 144,150 sqm)
- Construction Start: April 2026
- Completion (Scheduled): 2028
FAQ
Why was the Charlotte metropolitan area in North Carolina chosen?
As the second-largest financial hub in the U.S., it offers excellent access to major employment centers and a high-quality living environment, making it a high-growth location.
What is the strategic significance of this investment for the company?
It represents their first overseas real estate development project, aiming to apply their established Japanese real estate finance expertise to international business expansion.
When is the project expected to be completed?
Construction is scheduled to begin in April 2026, with completion targeted for 2028.