Announced
Financials
Sources
Tags
Friendly
rental properties
Real Estate
Private
Joint Venture
Real Estate Holding and Development
Cross Border
Single Bidder
United States
Acquisition
Majority
Pending
Synopsis
reAlpha Asset Management, a firm operating in the real estate industry, and SAIML, a Singapore-based asset management firm, agreed to form a $200m joint venture to acquire short-term rental properties. “We are excited to partner with SAIML to advance our growth strategy. SAIML is a sophisticated investor who understands the power of our differentiated platform and shares our strong conviction for the STR asset class. This partnership, together with our recently secured $200m financing facility from Churchill Real Estate, demonstrates the quality of the opportunities we have sourced and will fuel our investment activity in the year ahead," Giri Devanur, reAlpha CEO.
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