reAlpha
DUBLIN, Ohio, Aug. 24, 2021 (GLOBE NEWSWIRE) — via InvestorWire — reAlpha, a cutting-edge technology company launching an innovative platform empowering everyone to invest in the $1.2 trillion short-term rental market, is proud to announce their investment in Naamche as their new development partner. reAlpha has taken 25% equity in Naamche and reAlpha’s Chief Financial Officer, Mike Logozzo, will join Naamche’s board of directors.
Mike Logozzo, CFO of reAlpha, said, “reAlpha”s relationship with Naamche allows reAlpha to remain agile and pivot development at a moment”s notice. Naamche has also had the opportunity to expand its horizons with challenging projects through reAlpha”s global network of top performing organizations across 14 countries.”
The partnership enables Naamche and reAlpha to collaborate extensively on projects such as the development of reAlpha’s new website and various applications such as the reAlpha app. In addition, Naamche will continue to enhance the development of the reAlphaBRAIN machine learning algorithm. The algorithm scores properties based on dozens of factors and predicts the viability of each property for the short-term rental market, as well as the projected long-term value. Then investors can buy equity in specific properties through reAlpha, providing meaningful wealth generation opportunities through short-term passive income via Airbnb as well as equity-driven capital appreciation.
Read more…
https://therealdeal.com/chicago/2021/06/28/realpha-plans-to-spend-1-5b-to-buy-short-term-rental-homes/
