DUBLIN, OHIO, Oct. 04, 2021 (GLOBE NEWSWIRE) — via InvestorWire — reAlpha, a cutting-edge technology company with a plan to empower everyone to invest in the $1.2 trillion short-term rental market, announced today that it is raising up to $75,000,000 pursuant to Regulation A+. reAlpha's common stock is now available for purchase at a price of $10 per share. To purchase shares in reAlpha, all interested investors can visit invest.realpha.com to access the Offering Circular and to learn how to invest in the Offering.
“We're thrilled to offer Main Street investors access to early-stage investment opportunities through our Regulation A+ offering,” said Giri Devanur, reAlpha's Founder & CEO.
Net proceeds of the offering will allow the company to build an expanded inventory of homes. A minority interest in these individual properties will then be offered to investors referred to as syndicate members.
The reAlpha business model will help syndicate members simplify and finance property acquisition through syndicate formation. reAlpha will manage the real estate investment to generate income in four ways: equity appreciation, rental income via Airbnb, compounding of investments, and profits from sales.
“Our mission is to democratize real estate investing and empower everyone to invest into real assets. We are taking this to the next level,” said Christie Currie, reAlpha's CMO. “Instead of just enabling syndicate members to invest in individual properties, our Reg A+ provides the opportunity for our community of both retail and accredited investors to become shareholders before we go into this period of explosive growth.”
Giri Devanur, reAlpha's Founder and CEO, previously led a technology services company to NASDAQ IPO in under four years. He was also awarded the E&Y Entrepreneur of the Year in 2017 and has a Master of Science degree from Columbia University.
“Our proprietary algorithms, partnership network, and stellar leadership team provide an opportunity to make reAlpha a powerful force in the short-term rental market,” said Devanur. The proceeds of this offering will permit us to scale our operations to create more investment opportunities for those who previously have not had access to the ground floor of early-stage, high-growth companies.”
