reAlpha Secures $200 Million Financing Facility from Churchill Real Estate

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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.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, November 1, 2022
Information
Tags: 
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Data Management, Technology, Finance, Fintech, Other Travel, Banking, Apps, Applications, Lodging, Professional Services, Travel, Software, Mobile, Wireless, Invitation Homes, Acquisition, Kushner Real Estate Group, Partnership, STR, CFO, Technology, Investment, Financial services, Property management, Realpha, Airbnb
Geotags: 
OHIO, UNITED STATES, NORTH AMERICA, NEW YORK CITY
Organisation: 
REALPHA
Summary
Key Points: 
  • 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.
  • 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.


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.

About reAlpha:

reAlpha is building a digital real estate investing platform that enables its members to simplify wealth creation opportunities through investments in vacation homes while striving to deliver exceptional guest experiences. reAlpha sources and scores properties from the wholesale market using a proprietary AI-driven 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. reAlpha’s business plan contemplates eventually allowing investors to buy equity in specific properties, providing opportunities for short-term passive income generation via Airbnb, as well as equity-driven capital appreciation. reAlpha is based in Dublin, Ohio. For more information, please visit www.realpha.com/.

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