OFA Group Acquires 60% of Aspire Homes Realty and RateDNA Lending Platform

OFA Group, a technology and architecture firm, plans to acquire a 60% controlling interest in Aspire Homes Realty and its affiliated lending platform, RateDNA. The transaction terms were not disclosed. OFAL shares rose 5.68% pre-market to $1.86. Aspire and RateDNA provide a full-service platform for residential clients and real estate investors.

OFA Group, a technology and architecture firm listed on Nasdaq under the ticker symbol OFAL, has signed a non-binding Letter of Intent (LOI) to acquire a 60% controlling stake in Aspire Homes Realty and its affiliated lending platform, RateDNA. The acquisition aims to expand OFA's footprint in real estate services and specialty lending verticals, leveraging the complementary businesses of Aspire Homes and RateDNA.

Aspire Homes Realty is a real estate brokerage with investment-focused training and in-house services, while RateDNA is a specialty mortgage platform offering DSCR (Debt Service Coverage Ratio) and non-QM (non-qualified mortgage) loans. The strategic acquisition is expected to create cross-platform synergies and enhance shareholder value, particularly through the integration of RateDNA's proprietary SFR Analytics platform and Aspire's comprehensive service offering.

The transaction terms were not disclosed in the official announcement. However, the news of the LOI has led to a 5.68% increase in OFA shares, with the stock trading at $1.86 pre-market on June 19, 2025 [1]. This acquisition comes amidst a broader trend of private equity (PE) investments in Indian real estate declining by 41% year-on-year (Y-o-Y) in the first half of 2025, driven by global macroeconomic pressures [2].

The Indian real estate market has shown resilience, with the office segment standing out with a 22% Y-o-Y increase in investments. Meanwhile, domestic capital has stepped up, accounting for 25% of total PE inflows during the first half of 2025, up from an average of 11% during 2011-2020. The growth in domestic capital is attributed to deeper capital pools, regulatory stability, and maturing investment capabilities [2].

OFA Group's acquisition of Aspire Homes Realty and RateDNA underscores the firm's strategic intent to diversify its service offerings and capitalize on the growing demand for real estate services and specialty lending solutions. As the global economic environment stabilizes, investors are likely to reassess their positions in the Indian real estate market, potentially leading to an increase in PE inflows and further consolidation within the sector.

References:
[1] https://www.stocktitan.net/news/OFAL/ofa-group-signs-non-binding-letter-of-intent-to-acquire-controlling-eq1mfpg7i6ou.html
[2] https://www.business-standard.com/industry/news/private-equity-flows-into-indian-real-estate-fall-41-in-h1-cy25-report-125062600957_1.html