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 U.S. local subsidiary of Kyushu Electric Power.

This property is located in the area called the "Research Triangle Region," which connects Duke University, North Carolina State University, and the University of North Carolina at Chapel Hill. This area houses over 300 global companies in the IT and life sciences fields, and features high living convenience with multiple shopping centers and restaurants nearby. It targets the strong rental demand from young people and students working at the universities and the attached hospitals, as well as the global companies, with plans to supply a total of 400 units. North Carolina is gradually lowering its corporate tax rate, and further population growth and economic expansion are expected due to the influx of companies and talent from neighboring states.

NEC Capital Solutions aims to realize a next-generation circular society by providing services that contribute to a favorable cycle of the environment and growth, under the group vision of "Leading the Next Generation Circular Society as a Solution Company." It continues to seek opportunities for collaboration with partners in overseas real estate projects and will contribute to the revitalization of the regional economy and the economic cycle, not only in japan but also in the usa.