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

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Millrose Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260730930103) on July 30, 2026, and is solely responsible for the information contained therein.