DUBLIN, Ohio–(BUSINESS WIRE)–reAlpha (the “Company”), an AI-powered technology and real estate investment company with the goal of empowering everyone to invest in the global short-term rental market (“STR”) of $1.2 trillion, today announced it has secured a $200 million financing facility from Churchill Real Estate that will help fuel the growth of its acquisitions. The financing facility was arranged by Jason Krane and Max Kra of Ackman-Ziff Real Estate Group, a New York-based real estate capital advisory firm.
“This funding facility will be critical in helping us scale our portfolio significantly,” said Mike Logozzo, CFO of reAlpha. “With the ability to leverage one of the largest funding facilities ever granted to an STR property company, we will be able to launch our syndication platform faster than expected. Additionally, having a single financing partner will help further streamline the financing portion of the acquisition process, significantly reducing overhead.
The financing facility provides reAlpha with additional financial flexibility to accelerate investments in experiential, rental-ready vacation homes once its Regulation A offering is completed. Through the use of its proprietary AI-driven algorithm, reAlphaBRAINMTreAlpha has established a strong and growing pipeline of STR properties and development opportunities that meet its strict investment criteria.
To capitalize on these opportunities, reAlpha recently hiring former Vice President of Invitation Homes, Jorge Aldecoa, to advance his investment strategy and expand the company’s network of relationships. As President of reAlpha Homes, Mr. Aldecoa is responsible for overseeing new spear in-house brokerage, reAlpha Realty, which will represent and advise reAlpha on purchase and disposition decisions.
In addition to generating greater efficiencies and cost savings, reAlpha Realty serves to expand the company’s acquisition pipeline through partnership and referral programs with external brokers as well as builders and real estate developers. . With enhanced operational capabilities and significant funding facility, reAlpha is positioned to launch its syndication platform faster, helping to democratize the growing STR economy.
About reAlpha:
reAlpha is building a digital real estate investment platform that enables its members to simplify opportunities to create wealth through vacation home investments while striving to deliver exceptional guest experiences. reAlpha researches and evaluates wholesale market properties using a proprietary AI-powered algorithm called reAlphaBRAIN. It then predicts each property’s viability for the short-term rental market, as well as the long-term projected value. reAlpha’s business plan ultimately envisions allowing investors to buy equity in specific properties, providing opportunities for short-term passive income generation through Airbnb, as well as equity-focused capital appreciation. reAlpha is based in Dublin, Ohio. For more information, please visit www.realpha.com/.