reAlpha to raise $75m in launching public offering
US: Ohio-based real estate investing firm reAlpha has announced that it is raising up to $75 million in a public offering under Regulation A+ of Title IV of the JOBS Act. Under the terms of the deal, the firm is to sell shares to the public at a price of $10 per share, and investors […]
reAlpha closes $6m investment round
US: Digital marketplace reAlpha, which is launching an innovative platform designed to facilitate investment in the $1.2 trillion short-term rental market, has announced it has closed a $6 million investment round. The lead investor in the round was real estate holding company Crawford Hoying, which has developed more than $1.3 billion of mixed-use, multifamily, office […]
ReAlpha set to pay $1.5bn to buy 5k rental homes
US: Ohio-based real estate investing firm ReAlpha is planning to spend up to $1.5 billion, including debt, to acquire a portfolio of short-term rental homes at an unprecedented scale. Speaking to Bloomberg, CEO Giri Devanur said that the money would be enough to purchase around 5000 short-term rental homes. The company will initially focus on […]