reAlpha Asset Management Inc. Secures $100 Million Capital Commitment for Post-IPO Funding from GEM Global Yield LLC SCS

DUBLIN, Ohio–(BUSINESS WIRE)–reAlpha, an AI-powered real estate technology and investment company, whose goal is to empower everyone to invest in the $1.2 trillion global short-term rental (STR) market today announced the signing of an agreement with GEM Global Yield LLC SCS (“GGY”), a Luxembourg-based private alternative investment group, for a capital commitment of $100 million.

Under the terms of the agreement, GGY agrees to provide reAlpha with an equity underwriting facility of up to $100 million for a term of 36 months following the public listing of reAlpha’s shares. reAlpha will retain control of the timing and, within certain limits, the maximum amount of each individual drawdown under this facility and has no minimum drawdown obligation.

Subject to public listing, proceeds from this financing will be used to accelerate reAlpha’s investments in experiential and rental-ready vacation homes, as well as for general corporate purposes.

“This agreement with GGY reflects their confidence in our business, the strength of the asset class we are targeting and the huge opportunity associated with democratizing the short-term rental economy,” said Giri Devanur, CEO by reAlpha. “This capital certainty on our public listing better positions us to advance the company’s strategic priorities on its journey to becoming a global leader in the vacation rental space.”

The deal with GEM represents another strategic step that reAlpha has taken to position the company for long-term growth following the completion of its planned IPO. Over the past two months, reAlpha agreed to a $200 million joint venture with Singapore-based asset management company SAIML Pte. Limited to acquire ready-to-let holiday homes. reAlpha too secured a $200 million financing facility from Churchill Real Estate to fuel acquisition growth and announced a partnership with RARE Treehouse Resorts to co-develop a one-of-a-kind treehouse in the United States.

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.

About GEM

Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York and Nassau (Bahamas). GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 570 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return and liquidity profile. The family of funds and investment vehicles provides GEM and its partners with exposure to: small and mid-cap management buyouts, private investments in public equities, and certain venture capital investments. For more information: https://www.gemny.com.