InvestorNewsBreaks – ReAlpha Tapping Hot New Trend in Real Estate Investment
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ReAlpha, an innovator in using primarily structured and unstructured add-on and derivative data to create “alpha” in real estate investment decisions, was recently featured in a Bloomberg article entitled “Investors Chasing Housing Target Massive Pools of Airbnb Rentals”. The article discusses a hot new trend that investors are hunting for returns in the hectic US housing market. This includes building massive portfolios of homes for rent on Airbnb. A recent filing shows that Dublin, Ohio-based ReAlpha is attempting to spend up to $ 1.5 billion, including debt, to buy unprecedented levels of short-term rentals. The money would be enough to buy around 5,000 houses, said CEO Giri Devanur in an interview, “the article says. “The growing appetite for short-term rentals will attract tens of billions of dollars in the coming years,” said Sean Breuner, whose company AvantStay manages branded properties that provide concierge services. It also operates a brokerage agency to help investors find property. “It is the last remaining asset class with remaining yield,” said Breuner. ‘We believe there is a huge opportunity for institutionalization.’
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About ReAlpha
ReAlpha uses primary structured real estate data and layers in numerous sources of unstructured ancillary and inferred data to create “alpha” in real estate investment decisions. Urban residential real estate markets are incredibly opaque and transactions are completed in direct negotiation with imperfect and asymmetrical information. ReAlpha uses machine learning and its proprietary algorithm to identify mispriced units, generate recommended buy / sell points and create high yield portfolios while reducing expected volatility. More information about the company can be found at www.ReAlpha.ai.
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