GA technologies expands its real estate business into the States by the acquisition of RW OpCo originating in the U.S.
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 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.
- The Company is looking to provide a fast and safe real estate transaction experience with the application of technology along with its global expansion.