Crawford Hoying invests $ 6 million in reAlpha to accelerate
DUBLIN, OHIO, Aug 04, 2021 (GLOBE NEWSWIRE) – via InvestorWire – reAlpha, a leading technology company launching an innovative platform for everyone to invest in the $ 1.2 trillion short-term rental market, today announced the closing a $ 6 million investment cycle. Crawford Hoying, a $ 1.3 billion Midwestern real estate holding company, is the lead investor this cycle.
Brent Crawford, Founder and Director of Crawford Hoying, said: “The data-driven approach of reAlpha is a paradigm shift for the short-term rental investment market. The proprietary technology developed to identify, acquire and market low risk properties is a big step forward. We strongly believe in the team’s conviction and vision to make them a leader in this space.
The new funding will accelerate the growth of reAlpha, including investment in its platform, data science function and engineering capabilities. In addition, the proceeds will be used to expand its geographic presence, operations and member network.
“ReAlpha enables a superior alpha return by investing in short-term rental properties. We have simplified the entire process of investing and managing these properties using cutting edge technology. This allows ‘Mainstreet’ investors to access the real estate investment market like never before, ”said Giri Devanur, CEO of reAlpha.
As part of global trends in customer preferences, the increased desire for short-term rentals is changing hospitality and travel globally. For this reason, a new wave of real estate investment opportunities has emerged. ReAlpha’s unique model allows consumers to benefit from both higher yields from short-term rental income as well as increased property value through renovations and appreciating market conditions. Thanks to the reAlpha network, investors will be able to invest in vacation homes, thereby democratizing access to the real estate market.
reAlpha is a digital marketplace that allows its members to simplify wealth creation through
investing in short-term rental properties while delivering an exceptional customer experience. reAlpha researches and scores properties in the wholesale market using a proprietary AI-based algorithm called reAlphaBRAIN. It then predicts the viability of each property for the short-term rental market as well as the projected long-term value. The reAlpha platform allows investors to buy shares in specific properties, providing significant opportunities for wealth generation through short-term passive income through Airbnb as well as equity-driven capital appreciation. reAlpha is based in Columbus, Ohio, and harnesses the power of talented teams in 13 countries around the world.
About Crawford Hoying
Crawford Hoying is a full service real estate development company based in Dublin, Ohio. Focusing on all aspects of acquisition, design, development, construction, management, as well as commercial and residential brokerage. In the past five years alone, they have developed more than $ 1.3 billion in mixed-use, multi-family, office and retail properties. Crawford Hoying creates a sense of belonging; focused on consumer needs from a business, cultural and community perspective. To learn more about Crawford Hoying, visit www.crawfordhoying.com
For more information on reAlpha, please visit www.realpha.com.
Investor Brand Network (IBN)
Los Angeles, California