November 2022

‍DUBLIN, Ohio, November 01, 2022--(BUSINESS WIRE)--reAlpha (the "Company"), an AI-powered real estate technology and investment company with a goal to empower everyone with the ability to invest in the $1.2 trillion global short-term rental ("STR") market, today announced it has secured a $200 million financing facility from Churchill Real Estate that will help fuel its acquisition growth. The financing facility was arranged by Jason Krane and Max Kra from Ackman-Ziff Real Estate Group, a boutique real estate capital advisory firm based in New York City.

This financing facility will be key to helping materially scale our portfolio," said Mike Logozzo, CFO of reAlpha. "With the ability to leverage capital from one of the biggest financing facilities ever given to a STR real estate company, we will be positioned to launch our syndication platform more quickly than anticipated. Moreover, having a single financing partner will help to further streamline the financing part of the acquisition process, reducing overhead significantly."

‍The financing facility provides reAlpha with additional financial flexibility to accelerate investments in experiential and rent-ready vacation homes upon the completion of its Regulation A offering. Through the use of its proprietary AI driven algorithm, reAlphaBRAINTM, reAlpha has established a strong and growing pipeline of STR properties and development opportunities that meet its strict investment criteria.

To capitalize on these opportunities, reAlpha recently hired former Invitation Homes Vice President Jorge Aldecoa to advance its investment strategy and expand the Company’s network of relationships. As President of reAlpha Homes, Mr. Aldecoa is responsible for overseeing the Company’s newly launched in-house brokerage, reAlpha Realty, which will represent and advise reAlpha on purchase and disposition decisions.

In addition to driving greater efficiencies and cost-savings, reAlpha Realty serves to expand the Company’s acquisition pipeline through partnership and referral programs with outside brokerages as well as home builders and developers. With enhanced operational capabilities and a sizeable financing facility, reAlpha is positioned to launch its syndication platform more quickly, helping to democratize the STR growing economy.