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.