The transaction adds a company-owned coastal real estate asset to OFA’s asset base and further expands the Company’s physical presence and long-term investment footprint in Choshi.

The property is an approximately 7,062-square-meter (approximately 76,000-square-foot) residential-zoned parcel in Choshi’s Tokawa district, a coastal neighborhood at the eastern tip of Chiba Prefecture. It is within walking distance of Tokawa Station on the Choshi Electric Railway. Ownership was registered with the Chiba District Legal Affairs Bureau on October 1, 2026.

Potential Future Use

OFA plans to explore the development of the site as a premium, private-pay senior living and wellness-oriented community. OFA has not submitted any development application to Choshi City for the site currently. The project remains at an early conceptual stage and will be subject to applicable regulatory approvals and notifications.

Broader Choshi Strategy

While the Tokawa property and the proposed Shiomicho Music Park are separate projects, both reflect OFA’s broader long-term commitment to building a meaningful asset and operating presence in Choshi through hospitality, lifestyle and community-oriented development. Separately, OFA continues to advance its proposed Music Park development in Choshi’s Shiomicho area. OFA Japan Asset Management Co., Ltd. has been selected by Choshi City as the preferred negotiator for the proposed development and has entered into a provisional agreement with the City. A definitive lease agreement has not yet been signed, and discussions with the City regarding the lease terms are ongoing.