By Exec Edge Editorial Staff
Real estate technology company reAlpha said it launched its fractional ownership platform for global short-term rentals.
The platform allows accredited and non-accredited investors to add vacation rentals to their investment portfolios through “initial property offerings,” the company said. Investors also have the ability to track the performance of their investments, it said.
“Our goal from day one was to create best-in-class technology that would enable everyone to acquire fractionalized ownership in the growing short-term vacation rental asset class,” said Giri Devanur, CEO of reAlpha.
The company said it vets every fractional investment opportunity using its proprietary AI-driven algorithm to identify and rank properties that are most likely to deliver a return on investment that is on par or higher than the industry standard. Only the properties with the highest scores are ultimately purchased by reAlpha and presented to potential investors.
The first vacation rental available on reAlpha’s new platform is the “Jasmine,” a five-bed, 4.5-bath property located in Orlando, Florida, it said.