reAlpha Appoints New Chief Financial Officer
reAlpha Tech Corp. (Nasdaq: AIRE) (“reAlpha” or the “Company”), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, has announced the appointment of William Brent Miller as the Company’s Chief Financial Officer (“CFO”). He will replace Michael J. Logozzo, who served as the Interim Chief Financial Officer, effective immediately.
Experience and Responsibilities
Mr. Miller brings over 20 years of financial reporting and leadership skills to the role. Prior to joining reAlpha, he served as Chief Accounting Officer of Sunlight Financial Holdings Inc., a technology-enabled point-of-sale finance company, where he managed financial reporting, accounting policy, and internal controls from January 2019 to March 2024.
From October 2015 to March 2018, Mr. Miller held the position of Chief Financial Officer and Treasurer at KKR Real Estate Finance Trust Inc., a commercial mortgage real estate investment trust managed by Kohlberg Kravis Roberts & Co. Inc. In this role, he oversaw capital raises, capital structure, and financial reporting. Earlier in his career, he served in various roles at Fortress Investment Group LLC, including Controller of New Residential Investment Corp. and Vice President of Finance.
Leadership Insights
Giri Devanur, Chief Executive Officer of reAlpha, expressed enthusiasm for Mr. Miller's appointment, stating, “We are thrilled to welcome Brent Miller to the reAlpha team. His experience, particularly during his tenure at KKR, will be instrumental as we continue to execute our strategic vision.” Mr. Miller himself remarked on his excitement about joining reAlpha and contributing to its innovative AI-driven approach to homeownership.
About reAlpha
reAlpha is known for its generative AI-powered, commission-free homebuying platform, centered around making the homebuying process more accessible. The platform allows users to interact with ‘Claire’, an AI-driven buyer’s agent, facilitating all aspects of the homebuying journey with support available 24/7.
Market Impact and Future Plans
This innovative approach aligns with major shifts in the real estate sector, particularly given recent NAR rule changes that may eliminate the standard six percent sales commission on home sales. reAlpha aims to revolutionize the market by providing a cost-free alternative through an AI-assisted process, thereby potentially transforming the future of homebuying.
Company’s Growth and Expansion
Currently, reAlpha is expanding its services and is actively seeking new MLS and brokerage licenses to serve more states, having already initiated operations in select counties. The Company’s commitment to leveraging AI technology positions it well within the evolving landscape of real estate.
Frequently Asked Questions
Who is the new CFO of reAlpha?
William Brent Miller has been appointed as the new CFO of reAlpha Tech Corp.
What experience does Mr. Miller bring to reAlpha?
Mr. Miller has over 20 years of experience in finance, having held leadership positions at notable companies such as KKR Real Estate Finance Trust and Fortress Investment Group.
What is reAlpha known for?
reAlpha is known for developing a generative AI-powered, commission-free homebuying platform aimed at making homeownership accessible and transparent.
How does reAlpha's platform work?
reAlpha’s platform features an AI buyer's agent named Claire, which guides homebuyers through their journey, utilizing data insights for efficient decision-making.
Where is reAlpha currently operating?
reAlpha is currently operational in 20 counties in Florida and aims to expand into more states by obtaining additional licenses.
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