Millrose Properties partners with JPI on multifamily land-banking facility
MRP•Platform expansion
The deal extends Millrose’s homesite option platform into multifamily, alongside its for-sale and build-to-rent programs.
How the facility will work
Millrose will acquire sites, fund development, then provide JPI access via options, supporting off-balance-sheet financing and balance-sheet flexibility.
Millrose closes partnership with JPI
Millrose Properties closed a partnership with JPI to fund Class A multifamily land acquisition and development through a new land-banking facility.
The facility was established by JPI with Kennedy Lewis Investment Management, parent of Millrose’s external manager.
