Publicly traded real estate software company reAlpha Tech Corp (AIRE) has hired a new chief financial officer. William Brent Miller will assume the role immediately, succeeding chief operating officer Michael J. Logozzo, who has served as reAlpha’s interim chief financial officer since July 12.
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Publicly traded real estate software company reAlpha Tech Corp (AIRE) has hired a new chief financial officer. William Brent Miller will assume the role immediately, succeeding chief operating officer Michael J. Logozzo, who has served as reAlpha’s interim chief financial officer since July 12.
Jiri Devanur | Photo credit: reAlpha
“We are pleased to welcome Brent Miller to the reAlpha team,” CEO Giri Devanur said in a prepared statement Wednesday. His experience, especially during his tenure [Kohlberg, Kravis and Roberts]will help us continue to execute our strategic vision and bring the reAlpha platform to market.
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“Brent’s proven leadership in financial management and deep understanding of the real estate investment community make him the ideal candidate to help guide reAlpha’s financial strategy moving forward,” he added.
Miller has two decades of experience in real estate finance, having served as chief accounting and financial officer at KKR Real Estate Finance Trust, Fortress Investment Group and New Residential Investment Corp. Dot Home Improvement Financing Company.
William Brent Miller | William Brent Miller Image Source: LinkedIn
“I am extremely excited to join the reAlpha team. reAlpha’s innovative approach to using artificial intelligence technology to overcome home affordability barriers and simplify real estate investing is truly inspiring. “I look forward to contributing to its continued growth and success.” “
In addition to hiring a new chief financial officer, reAlpha has launched a “super app” designed to provide commission-free, AI-powered onboard ownership and custody services. If a home buyer needs assistance beyond what its AI model Claire can provide, ReAlpha will connect the home buyer with a certified sales professional. ReAlpha also has a home search portal covering listings in Palm Beach, Miami-Dade and Broward counties in Florida.
In a press release about its super app, reAlpha said: “The launch coincides with a shift in the real estate industry, given the recent settlement by the National Association of Realtors (NAR) to eliminate the standard 6% sales commission on home purchases. “These rule changes come into effect on August 17, and reAlpha believes these changes make its commission-free product more attractive to homebuyers.” “
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