Japan's largest homebuilder is continuing its aggressive entry into the U.S. housing market, buying a controlling interest in 1,900 acres of a pair of metropolitan Denver communities and a 1,200-acre development in north Texas.
Since 2010, North America Sekisui House, or NASH, has bought into communities in Virginia, North Carolina, California, Washington and Oregon.
“These assets allow us to expand our footprint in strategic markets that we believe are among the best in the U.S.,” Satoshi Yoshimura, NASH’s president and chief operating officer, said in a statement last week. “We see tremendous growth potential in the markets and for the communities.”
NASH’s parent, Sekisui House, started in 1960 and launched its North American subsidiary in 2010. The company has partnered with American developers to finish projects in progress that will involve single-family homes, apartments, retail and commercial space. NASH reportedly has no plans at this point to build any of the homes itself.