Pleasanton, CA — May 11, 2026 — Just days after announcing both its new large-office franchise model and its acquisition by eXp World Holdings, Inc. (Nasdaq: AGNT), NextHome today announced the first two Southern California brokerages launching through the large-office franchise model: NextHome Coastal Estates and NextHome Central Coast.
Owned by experienced brokerage leader Albert Meggers, both offices launch with nearly 200 agents serving California’s Central Coast and Ventura County markets. The Pismo Beach office will operate as NextHome Central Coast, while the Oxnard office will operate as NextHome Coastal Estates.
The announcement represents an early example of the type of brokerage NextHome designed its new large-office model to support: experienced operators seeking greater flexibility, operational simplicity, stronger profitability, and a franchise partner aligned with where the industry is heading.
Last week, NextHome introduced its new model for large, high-performing brokerages and multi-office operators, designed to address the growing operational complexity in the real estate industry. The following day, the company announced its acquisition by eXp World Holdings, Inc., while reaffirming that the NextHome brand, leadership team, culture, and franchise model would remain intact.
For Meggers, the timing could not have felt more aligned.
“Real estate is going through a period of punctuated change, and we have a voice in shaping the future based on who we affiliate with,” said Meggers. “If you honestly look at where NextHome fits within the real estate industry, the vast majority of agents align with its values. I’m excited to operate under a brand I can be proud of: a company that lives its values, supports its people, and genuinely cares about its operators. I’m confident I’ve found that at NextHome.”
With more than 20 years of experience in real estate business development, Meggers has built a reputation as a leader in market share growth and brokerage expansion. In 2006, he helped introduce a nationally franchised real estate brand into the Los Angeles market before expanding operations throughout Central California.
Over time, Meggers grew the company into one of the largest brokerages in California, operating 14 offices with more than 1,200 agents and holding dominant market share positions across multiple regions.
But like many large brokerage operators across the country, Meggers began feeling the increasing pressure of rising technology costs, operational complexity, and shrinking margins.
“As the industry evolves, many large brokerage owners are asking themselves whether the systems around them are actually helping the business move faster and operate more profitably,” said Keith Robinson, President of Strategy for NextHome. “We built this model specifically for operators who want to simplify some of that complexity without sacrificing their culture, independence, or growth.”
NextHome’s large-office model offers brokerages multiple technology paths under a single agreement, allowing operators to choose the structure that best fits their business. The model was designed to reduce unnecessary operational overlap, simplify brokerage systems, and give leaders more flexibility in how they scale.
For Meggers, it immediately stood apart from what he had seen elsewhere in the franchise space.
“The franchise options in the market aren’t great right now for big operators; there just hasn’t been something innovative in this space for a long time,” Meggers said. “When I discovered NextHome, it was clear they were positioned to solve that innovation gap. Now, large operators like myself have a viable alternative to these antiquated options.”
According to Charis Moreno, Executive Vice President of Growth for NextHome, the company’s goal is to help brokerage leaders spend less time managing disconnected systems and more time building strong businesses.
“Many large operators have built incredibly successful companies, but it’s becoming harder and more expensive to keep those businesses running smoothly through traditional models,” Moreno said. “We built this to help simplify the day-to-day so brokers can get back to focusing on their people, their culture, and the growth of their business.”
Meggers says culture ultimately became one of the biggest deciding factors in the move.
“I get to wake up every day passionate about the company I’m a part of, feeling like, ‘I can’t believe this exists, and I get to be involved in it,’” Meggers said. “Most people are lucky to experience that once in their career. Getting a second chance at that feeling is indescribable.”
At the Pismo Beach office, operating as NextHome Central Coast, the team is led by Jay Peet, whose leadership and market expertise helped grow strong momentum throughout the region over the past eight years.
In Oxnard, operating as NextHome Coastal Estates, the office is led by Omar Velazquez, whom Meggers describes as a “once-in-a-generation talent” for brokerage leadership due to his consistency, recruiting ability, and commitment to agent success.
“Who they are is exactly who they present themselves to be,” Meggers said of NextHome. “And they’re only getting better.”
Please join us in congratulating Albert, Jay, Omar, and their entire teams on their transition to NextHome Central Coast and NextHome Coastal Estates.
Interested in being a part of the NextHome Real Estate Franchise? Contact Charis Moreno at Charis@NextHome.com.
Each office is an independently owned and operated business.