InvestorNewsBreaks – reAlpha featured by The Columbus Dispatch when it announced plans to purchase 15,000 Airbnb rentals

reAlpha, an Ohio-based startup, is taking a big step toward becoming the nation’s largest short-term rental property owner. The company plans to purchase up to 15,000 Airbnb rentals over the next five years. The company is focused on reinventing the short-term rental space by offering individual investors the ability to own shares of specific properties that would be rented through Airbnb. The company recently announced the closing of a $ 6 million seed fund led by Crawford Hoying, a $ 1.3 billion development company based in Columbus, Ohio. Now, reAlpha is preparing to launch a Reg A + (also known as a “mini IPO”) crowdfunding round in which 7.5 million shares, sold at $ 10 each, will be offered to the public. The company plans to top Reg A + with an additional $ 75 million from small investors who are buying shares of individual properties for as little as $ 2,500. The combined investment of $ 150 million will be used to purchase $ 1.5 billion of short-term rental properties.

ReAlpha CFO Mike Logozzo, a former executive of BMW Financial Services, said: “Crawford Hoying’s investment has been more than capital. They provided us with direct access to their dynamic management team. Their vast experience in real estate and hospitality operations, combined with our innovative technologies, is a game-changer for our growing business.

The company’s vision is to create a reAlpha consumer experience that is consistent across properties; this experience can include cohesive themes and furnishings and even scents as well as smart home features like keyless locks, noise sensors, and outdoor cameras. Christie Currie, CMO of reAlpha, said: “We expect the Airbnb market to experience the same change as the hospitality industry back then; the industry will no longer be driven solely by occupancy rates and nightly rates, but rather by levels of service and hospitality. We must work to deliver the reAlpha experience to our clients, which in turn creates more lucrative returns for our investor members. We see huge opportunities to innovate in the digital hospitality space itself. “

The company has started buying homes in Dallas and Miami, with expansion plans in place to enter California, New York, New Jersey, Colorado, Washington, and Illinois. Potential properties will be identified by reAlpha’s proprietary AI platform, the reAlphaBRAIN, which rates homes based on more than 28 different factors. “There are 660,000 American properties on Airbnb. There is no clear leader. . . Our economic model would generate wealth and democratize real estate investment. reAlpha CEO Giri Devanur said in The Columbus Dispatch article.

AirDNA CEO Scott Shatford gave reAlpha a vote of confidence in the article: “Do they have a chance to change this? Absoutely. Absoutely.

To view the full article, visit https://ibn.fm/j41fA

About réAlpha

reAlpha uses technology to bring the power of real estate investing to 99%. reAlpha merges the most historic asset with the technology and business model of the future: Airbnb. The reAlpha platform offers significant wealth building opportunities for everyone: short-term passive income through Airbnb as well as equity-based capital appreciation. However, they also believe that real estate investing runs deeper than just financial returns, it is the pride of ownership and the freedom of financial security. reAlpha strives every day not only to create lucrative returns for its members, but also to deliver exceptional experiences and positively impact the communities in which reAlpha lives and operates. To learn more, visit realpha.com.

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements delivered in multiple languages, we’ve got the wire-quality delivery products you’ll need to make sure your next press release grabs the attention of your target audience and doesn’t let go. As our competitors seek to pay you hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all national outings. While other news services can provide a basic review of your release, InvestorWire helps you do your best with Improved press release.

At our competitors, the job is done the second your exit goes on the wire. Not with InvestorWire. We include follow-up coverage of each release taking advantage of the ever-growing audience for the 50+ brands who make up the InvestorBrandNetwork.

Make the most of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please review the full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever posted or republished: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, California 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]

InvestorWire is part of InvestorBrandNetwork.

Comments are closed.