The Company is hoping to strengthen itself in the process of growing as a global industry leader in online real estate business
TOKYO, Jan. 18, 2024 /PRNewswire/ — GA technologies Co., Ltd. (Headquarters: Minato District, Tokyo /CEO: Ryo Higuchi / Securities code: 3491/ “Company”) announced the acquisition of the equity of RW OpCo, LLC (Headquarters: State of Delaware, U.S.A. / CEO: Kevin Ortner / “RW OpCo“) by GA technologies through its U.S. based subsidiary GA technologies USA Inc.
The Company will be acquiring the full ownership of the rental management and investment real estate marketplace businesses originating in the U.S. operated by RW OpCo to make the company the US subsidiary of the Company.
The closing of the acquisition is scheduled on March 1st, 2024. The acquisition shall be executed under a condition that the two parties agreed upon the fulfillment of the conditions mentioned in the Foreclosure Sale Agreement.
Through this management integration, the Company will expand its business foundation in the U.S. area, and firmly establish itself in the online real estate market as a global player.
Key Highlights:
- The Company is announcing its decision on the 100% acquisition of the equity of RW OpCo, which owns the 2nd largest SFR (Single-Family Rental) online marketplace business in the U.S.
- This management integration will allow the Company to accelerate its speed to become a global player to push its overseas business expansion one step…
