DENVER, Colo. (247marketnews.com) -- OFA Group (NASDAQ:OFAL) secured ownership of a coastal property in Choshi, Japan, adding a tangible real estate asset to its portfolio as it explores a premium senior living and wellness concept and pursues a separate music park development.
OFA Group is turning its ambitions in Japan into a more concrete real estate strategy, completing the acquisition and title registration of the former Tokawaen property in Choshi, a coastal city in Chiba Prefecture. The transaction gives the company direct ownership of approximately 7,062 square meters, roughly 76,000 square feet, of residential-zoned land in the Tokawa district, within walking distance of Tokawa Station.
Ownership was registered with the Chiba District Legal Affairs Bureau on October 1, 2026, marking a tangible step in OFA’s effort to build a long-term presence in the area. The company is now evaluating the site for a potential premium, private-pay senior living and wellness-oriented community, a concept that could connect real estate development with Japan’s evolving needs for lifestyle-focused services for older adults.
“Completing the acquisition and title registration of the Tokawa property represents another important step in OFA’s long-term commitment to Choshi,” CEO Larry Wong said. He described the purchase as adding a company-owned real estate asset and providing “a tangible foundation for future development.”
OFA says the senior living concept remains at an early conceptual stage. No development application has been submitted to Choshi City, and any project would remain subject to applicable regulatory approvals and notifications.
The acquisition also fits into OFA’s broader Choshi strategy, which includes a separate proposed Music Park in the Shiomicho area. OFA Japan Asset Management has been selected by Choshi City as the preferred negotiator for that project and has entered into a provisional agreement with the city.
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