ITOCHU Acquires 19.5% Minority Stake in Multifamily Developer Wood Partners

ATLANTA — December 1, 2025: Wood Partners, one of the largest developers of multifamily real estate in the United States, announced that a subsidiary of ITOCHU Corporation has acquired a 19.5% minority interest in the company. The transaction establishes a new partnership between the Atlanta-based developer and the Tokyo-headquartered conglomerate.

Wood Partners Retains Majority Ownership

According to the announcement, Wood Partners’ management team will continue to hold a majority ownership stake, while Fayez Sarofim & Co. will retain a significant minority interest. The firm stated that its management, strategy, and operations will remain unchanged following the investment. Terms of the transaction were undisclosed.

“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 and 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.”

Wood Partners’ Development Portfolio

Wood Partners has been involved in the acquisition and development of more than 115,000 multifamily homes nationwide, representing a combined capitalization of $24 billion. The firm currently owns more than 80 properties totaling approximately 25,000 homes and operates from 17 offices across major U.S. markets. The company ranks as the third-largest multifamily developer in the United States, according to the National Multifamily Housing Council’s 2025 rankings.

Baker & McKenzie LLP served as legal counsel to Wood Partners, and SMBC Nikko Securities America, Inc. acted as exclusive financial advisor. The companies did not disclose financial terms of the transaction.

About ITOCHU and Wood Partners

ITOCHU Corporation, led by President and CEO Masahiro Okafuji, is a global trading and investment company headquartered in Tokyo. Wood Partners, based in Atlanta, focuses on multifamily real estate development and management across the United States.

Source: Wood Partners press release