Torreon Group, Inc. Advances Real Estate Division with Completion and Sale of Prototype Townhomes in Sahuarita, Arizona

Rhea-AI Summary

Torreon Group (OTCID: NXTN) announced the completion and sale of five prototype townhomes in the Santa Rita Villas development in Sahuarita, Arizona, for a total of $1,655,353.

The sale is part of a master contract for 51 new-construction units. The company is preparing 46 additional build-ready lots and reports Phase One sales executing with expected closings within 30 days. Phase Two construction has begun with financing in place for the next five units.

Positive

• Sale of five prototype townhomes for $1,655,353 total
• Master contract covering a total of 51 new-construction units
• Preparing 46 additional build-ready lots for full production
• Phase One fully sold with closings expected within 30 days

Negative

• None.

News Market Reaction

-2.79%

1 alert

-2.79% News Effect

On the day this news was published, NXTN declined 2.79%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

TUCSON, Ariz., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Next10, Inc, d.b.a. Torreon Group, Inc. (OTCID : NXTN), a U.S.-and Mexico-based incubator company focused on value creation through acquisitions and mergers with growth financing, today announced significant progress in its Real Estate Division, highlighted by the completion and sale of five prototype townhomes in the Santa Rita Villas development in Sahuarita, Arizona.

In the Santa Rita Villas Townhome development in Sahuarita, Arizona, Affordable Builders of America, Inc., a division of Torreon Group—has completed and sold five townhomes to a single buyer under a master contract for a total of 51 new construction units. The total sale price for these five prototype units is $1,655,353.00. These two-story, two-car garage residences serve as prototypes for four model plans currently under review by the Town of Sahuarita. With approvals anticipated, the company is preparing 46 additional build-ready lots for full production builds.

John Hayden, CEO of Torreon Group and head of its real estate division, stated: "Torreon Group’s mission is to create value through acquisitions and mergers with a focus on real estate and commercial enterprises within various industries. As a U.S. and Mexico-based incubator company, we are dedicated to developing ventures with commercial viability. These milestones underscore our team's ability to deliver high-quality, market-responsive housing in growing Southern Arizona communities. We're excited to build on this momentum across our Real Estate portfolio."

This achievement complements ongoing efforts in Southern, Arizona, where Phase One of the Santa Rita Villas Townhome project has been completed with executed sale agreements for all units, expected to close within the next 30 days. Construction has commenced in Phase Two, with the financing in place for the next 5 units.

About Torreon Group, Inc.

For more information, visit www.torreongroupinc.com or review the company's filings at www.otcmarkets.com/stock/NXTN.

Torreon Group, Inc. (OTCID: NXTN) is an incubator company dedicated to acquisitions in real estate, mining, distillery, and other commercial sectors, with operations in the U.S. and Mexico.

Investor Relations

Next10, Inc.
E: Info@torreongroupinc.com

Donald R. Keer, P.E., Esq.
Corporate Counsel
E: dkeer@torreongrp.com

Safe Harbor Statement

This press release contains statements based on current facts and historical information. It does not include forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to risks including market conditions, economic factors, regulatory changes (such as municipal approvals), construction timelines, buyer contingencies, and other factors detailed in the company's OTC filings. This is not an offer to buy or sell securities.

FAQ

What did Torreon Group (NXTN) announce on February 5, 2026 regarding Santa Rita Villas?

They announced completion and sale of five prototype townhomes under a master contract. According to the company, the five units sold for a combined $1,655,353 and tie into a broader 51-unit master agreement for the Santa Rita Villas development.

How many total units does Torreon Group (NXTN) plan for the Santa Rita Villas project?

The project is tied to a master contract for 51 total new-construction units. According to the company, five prototypes are sold, Phase One units have executed sale agreements, and 46 additional build-ready lots are being prepared for production builds.

What is the near-term timeline for closings and construction for NXTN's townhome project?

Closings for Phase One units are expected within the next 30 days, the company says. Construction has commenced on Phase Two, and financing is in place to develop the next five units, supporting continued near-term build activity.

How many additional lots is Torreon Group preparing after the prototype sales for NXTN?

They are preparing 46 additional build-ready lots for full production builds. According to the company, those lots follow the five prototype sales and support execution under the 51-unit master contract for the Sahuarita development.

Does Torreon Group (NXTN) have financing in place for further construction at Santa Rita Villas?

Yes, financing is in place for the next phase of construction, covering five additional units. According to the company, Phase Two has started construction and funding is secured to continue immediate building activity.