Publicly traded actual property software program firm reAlpha Tech Corp (AIRE) has employed a brand new chief monetary officer. William Brent Miller will begin his position instantly, taking the reins from Chief Working Officer Michael J. Logozzo who’s been reAlpha’s interim CFO since July 12.
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Publicly traded actual property software program firm reAlpha Tech Corp (AIRE) has employed a brand new chief monetary officer. William Brent Miller will begin his position instantly, taking the reins from Chief Working Officer Michael J. Logozzo who’s been reAlpha’s interim CFO since July 12.
Giri Devanur | Credit score: reAlpha
“We are thrilled to welcome Brent Miller to the reAlpha team,” CEO Giri Devanur mentioned in a ready assertion on Wednesday. His expertise, significantly throughout his tenure at [Kohlberg, Kravis and Roberts], will probably be instrumental as we proceed to execute our strategic imaginative and prescient and convey the reAlpha platform to market.”
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“Brent’s proven leadership in financial management and his deep understanding of the real estate investment landscape makes him the ideal person to help guide reAlpha’s financial strategy moving forward,” he added.
Miller has twenty years of expertise in actual property finance, with chief accounting and monetary officer roles at KKR Actual Property Finance Belief, Fortress Funding Group and New Residential Funding Corp. Most just lately, Miller was the chief accounting officer for Daylight Monetary Holdings Inc., a point-of-sale residence enchancment financing firm.
William Brent Miller | Credit score: LinkedIn
“I’m incredibly excited to join the reAlpha team. reAlpha’s innovative approach to overcoming affordability barriers to home ownership and simplifying real estate investment using AI technology is truly inspiring,” Miller mentioned in a written assertion. “I look forward to contributing to its continued growth and success.”
Along with hiring a brand new CFO, reAlpha launched its “super app” aimed toward providing commission-free synthetic intelligence-powered onboard title and escrow companies. ReAlpha will join homebuyers with a licensed gross sales skilled in the event that they want extra help than what Claire, its AI mannequin, can present. ReAlpha additionally has a house search portal that covers listings in Palm Seaside, Miami-Dade and Broward counties in Florida.
“This launch is timed to coincide with the real estate industry’s shift in light of the National Association of Realtors’ (NAR) recent settlement to eliminate the standard 6 percent sales commission when purchasing a home,” reAlpha mentioned in a launch about its tremendous app on Tuesday. “These rule changes went into effect Aug. 17, and reAlpha believes such changes make its commission-free offering to be even more compelling for property buyers.”
