Business
Wood Partners Announces Strategic Minority Investment by ITOCHU Corporation
Wood Partners ("Wood" or "Wood Partners"), one of the nation's largest developers of multifamily communities, is pleased to announce a meaningful minority investment (a 19.5% stake) in the company by a subsidiary of ITOCHU Corporation (headquartered in Tokyo; Masahiro Okafuji, President & CEO; hereinafter "ITOCHU").
About this update from Itochu Corporation
[{"type":"text","content":"ATLANTA, Dec. 1, 2025 /PRNewswire/ -- Wood Partners ("Wood" or "Wood Partners"), one of the nation's largest developers of multifamily communities, is pleased to announce a meaningful minority investment (a 19.5% stake) in the company by a subsidiary of ITOCHU Corporation (headquartered in Tokyo; Masahiro Okafuji, President & CEO; hereinafter "ITOCHU").","length":398,"tagName":"p"},{"type":"image","alt":"Wood Partners (PRNewsfoto/Wood Partners)","displaySize":"","headline":null,"caption":"Wood Partners (PRNewsfoto/Wood Partners)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":109,"url":"https://media.zenfs.com/en/prnewswire.com/1646b9099c6df9d7f630ed75e7e2b858"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jka2koQNVryWbbmTxl9qUQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE5MjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/1646b9099c6df9d7f630ed75e7e2b858","width":400,"height":109}},"href":"https://mma.prnewswire.com/media/2419630/Wood_Partners_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""This partnership marks an exciting milestone for Wood Partners as we continue to expand our footprint and deliver exceptional communities across the United States," said Joe Keough, Chairman & CEO of Wood Partners. "ITOCHU's global reach and deep expertise will complement our existing strengths, providing new avenues for capital and strategic relationships that accelerate our growth while preserving the culture and operational excellence that define Wood."","length":489,"tagName":"p"},{"type":"text","content":"Wood's management team will continue to hold a majority ownership stake in the company, while Fayez Sarofim & Co., Wood's long-standing partner, will retain a significant minority interest in Wood. Wood's management team, strategy and operations remain unchanged following this transaction. Wood will continue to expand existing capital relationships with its trusted investment partners.","length":404,"tagName":"p"},{"type":"text","content":"Baker & McKenzie LLP served as legal counsel and SMBC Nikko Securities America, Inc. served as exclusive financial advisor to Wood Partners. Terms of the deal were not disclosed.","length":187,"tagName":"p"},{"type":"text","content":"Abou...