InvestorNewsBreaks – reAlpha Raises $ 6 Million in Investment Round Led by Leading Ohio-Based Real Estate Development Company
reAlpha, a leading technology company launching an innovative platform to enable users to invest in the $ 1.2 trillion short-term rental market, will receive $ 6 million from a round of investment led by Crawford Hoying, one of central Ohio’s premier real estate holdings. development companies. The investment was announced in a Columbus Business First article.
According to the article, reAlpha will use the $ 6 million to accelerate the growth of the Dublin-based company, including investing in its platform, data science function and engineering capabilities. The company will also use the funds to expand its membership network, operations and geographic presence. The reporter noted that reAlpha uses artificial intelligence (“AI”) to identify the most promising investment opportunities in the market. The AI scores properties based on various factors in order to predict how those properties might perform in the rental market in the short term as well as the projected value in the long term. Top ranked properties appear on reAlpha’s digital marketplace app. reAlpha allows investors to buy shares in specific properties through a platform managed by a broker. These are what the company calls “meaningful opportunities for wealth creation” through short-term rental income such as Airbnb and equity-driven capital appreciation.
“ReAlpha’s data-driven approach is a paradigm shift for the short-term rental investment market,” Crawford Hoying director Brent Crawford said in the article. “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.
To view the full article, visit https://ibn.fm/8Cm6H
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. They are motivated every day to not only create 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.
NOTICE TO INVESTORS: The latest reAlpha news and updates are available in the company newsroom at https://ibn.fm/reAlpha
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