NEC Capital Solutions <8793> announced on the 6th that it will participate in a rental apartment development project in Durham, North Carolina, in collaboration with Crescent Communities, LLC, a wholly-owned subsidiary of Sumitomo Forestry, and Kyuden Urban Development America, LLC, the US local subsidiary of Kyushu Electric Power.
This property is located in an area called the "Research Triangle Region," connecting Duke University, North Carolina State University, and the University of North Carolina at Chapel Hill. The area is home to over 300 Global companies in the IT and life sciences sectors, and features high living convenience with multiple shopping centers and restaurants nearby. It aims to target the strong rental demand from young people and students working at the universities, university-affiliated Hospitals, and Global companies in the area, planning to supply a total of 400 units. North Carolina is gradually lowering its corporate tax rate, and population growth, employment, and economic growth are expected due to the advancement of companies from neighboring states and the Inflow of talent.
NEC Capital Solutions aims to achieve a next-generation circular society by providing services that lead to a virtuous cycle of the environment and growth, under its group vision of "Leading the solution company for the next-generation circular society." It will continue to collaborate with partners to seek opportunities for overseas real estate projects and contribute to the revitalization of local economies and the virtuous cycle of the economy not only in Japan but also in the USA.