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Posted On: 09/02/2025 11:55:40 AM
Post# of 108718
$OFAL OFA Group Leads Joint Venture with Next Investments LLC to Develop Senior Care Facility, Advancing Expansion into Asset-Backed Real Estate
August 25, 2025 09:53 ET | Source: OFA Group
Transaction in escrow advances OFA’s expansion into asset-backed real estate and next-generation senior living
Los Angeles, CA, Aug. 25, 2025 (GLOBE NEWSWIRE) -- OFA Group (Nasdaq: OFAL)(“OFA” or the “Company”), a leader in architecture, real estate innovation, and AI-driven design solutions, today announces that it has entered into a binding Letter of Intent (LOI) with Next Investments LLC (“Next) to establish a joint venture (JV) for the development of a state-of-the-art senior care facility. The joint venture is subject to the negotiation and execution of definitive agreements.
Chief Operation Officer Thomas Gaffney commented, “This joint venture has been established to advance OFA’s strategy to apply our financial and architectural expertise to high-growth, asset-backed opportunities. By combining our design and financing capabilities with Next’s operational acumen and property base, we are creating a scalable senior care model in a sector driven by powerful demographic trends. Strategically, this initiative aligns with our broader growth plan to expand into asset management and real estate verticals, including senior care, crypto-enabled lending, and property technology. Together, these efforts are building a diversified, technology-driven financial ecosystem designed to deliver sustainable growth and long-term shareholder value.”
Pursuant to the Letter of Intent, OFA will provide both the capital investment and architectural services required for the development of the project, leveraging the expertise of its OFA Finance and OFA Architecture divisions. Next will contribute the property on which the facility will be constructed and assume full management responsibilities once the development is completed.
August 25, 2025 09:53 ET | Source: OFA Group
Transaction in escrow advances OFA’s expansion into asset-backed real estate and next-generation senior living
Los Angeles, CA, Aug. 25, 2025 (GLOBE NEWSWIRE) -- OFA Group (Nasdaq: OFAL)(“OFA” or the “Company”), a leader in architecture, real estate innovation, and AI-driven design solutions, today announces that it has entered into a binding Letter of Intent (LOI) with Next Investments LLC (“Next) to establish a joint venture (JV) for the development of a state-of-the-art senior care facility. The joint venture is subject to the negotiation and execution of definitive agreements.
Chief Operation Officer Thomas Gaffney commented, “This joint venture has been established to advance OFA’s strategy to apply our financial and architectural expertise to high-growth, asset-backed opportunities. By combining our design and financing capabilities with Next’s operational acumen and property base, we are creating a scalable senior care model in a sector driven by powerful demographic trends. Strategically, this initiative aligns with our broader growth plan to expand into asset management and real estate verticals, including senior care, crypto-enabled lending, and property technology. Together, these efforts are building a diversified, technology-driven financial ecosystem designed to deliver sustainable growth and long-term shareholder value.”
Pursuant to the Letter of Intent, OFA will provide both the capital investment and architectural services required for the development of the project, leveraging the expertise of its OFA Finance and OFA Architecture divisions. Next will contribute the property on which the facility will be constructed and assume full management responsibilities once the development is completed.
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