Dublin Firm Realpha Plans To Buy Up To 15,000 Airbnb Rentals

By Author: Giri Devanur
Total Articles: 6
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A Dublin startup is planning to buy up to $1.5 billion in homes with the goal of becoming the nation’s largest owner of short-term rental property.

The company, called ReAlpha, is seeking to reinvent the industry by allowing individual investors to own shares of specific properties that would be rented through Airbnb. ReAlpha hopes to buy at least 15,000 Airbnb homes within five years, starting in the U.S. but eventually extending across the globe.

“In the next few years, we hope to be the largest owner of Airbnb properties,” said ReAlpha Chief Executive Officer Giri Devanur. “There are 660,000 U.S. properties on Airbnb. There’s no clear leader.”

The company said it is raising $75 million privately for the venture by selling 7.5 million shares at $10 each. The largest initial investor is the Dublin development firm Crawford Hoying, which has committed $6 million to the project.

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