reAlpha, a cutting-edge technology company launching an innovative platform meant to empower users to invest in the $1.2 trillion short-term rental market, will be receiving $6 million from an investment round led by Crawford Hoying, one of Central Ohio’s most prominent real estate development firms. The investment was announced in a Columbus Business First article.
According to the article, reAlpha will use the $6 million to accelerate the Dublin-based company’s growth, including investment in its platform, data science function, and engineering capabilities. The company will also use the funds to expand its member network, operations, and geographical presence. The reporter noted that reAlpha uses artificial intelligence (“AI”) to identify the most promising investment opportunities on the market. The AI scores properties according to various factors in order to predict how those properties might perform on the short-term rental market as well as the projected long-term value. Properties that rank the highest appear on reAlpha’s digital marketplace app. reAlpha allows investors to buy equities in specific properties via a broker dealer managed platform. This refers to what the company calls “meaningful wealth-generation opportunities” through short-term rental income such as Airbnb and equity-driven capital appreciation.
Crawford Hoying Principal Brent Crawford
CORY KLEIN PHOTOGRAPHY
“ReAlpha’s data-driven approach is a paradigm shift for the short-term rental investment market,” said Crawford Hoying Principal Brent Crawford in the article. “The proprietary technology developed to identify, acquire and market properties with lower risk is a big leap. We strongly believe in the team’s conviction and vision to scale this into a leader in this space.”
To view the full article, visit https://ibn.fm/8Cm6H
About reAlpha
reAlpha is using technology to bring the power of real estate investing to the 99%. reAlpha merges the most historic asset with the technology and business model of the future: Airbnb. The reAlpha platform provides meaningful wealth generation opportunities for everyone: short-term passive income through Airbnb as well as equity-driven capital appreciation. However, they also believe that real estate investing is deeper than just financial returns, it is the pride of ownership and the freedom of financial security. They are driven every day to create not only lucrative returns for their members but also to deliver exceptional experiences and positively impact the communities in which reAlpha lives and operates. To learn more visit reAlpha.com.
NOTE TO INVESTORS: The latest news and updates relating to reAlpha are available in the company’s newsroom at https://ibn.fm/reAlpha
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