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Japan homebuilder invests $1bn to tap U.S. telework boom

Sumitomo Forestry targets millennials with built-to-rent houses in Sun Belt

Millennials, a demographic said to rent for lifestyle and financial reasons, will need roomier places to live when they get married and have children. (Photo courtesy of Sumitomo Forestry)

TOKYO -- Sumitomo Forestry is joining the American market for built-to-rent single-family homes with a partner as remote workers in their 20s and 30s hunt for roomier spaces in the suburbs.

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