reAlpha Completes Strategic Acquisition of Controlling Interest in Hyperfast Title, Unlocking New Growth Opportunities
reAlpha Tech Corp. (NASDAQ: AIRE), a real estate technology company focused on developing and commercializing artificial intelligence (AI) technologies, has acquired 85% of Hyperfast Title, LLC, a title company operating in Florida, Virginia, and Tennessee. The acquisition was made from the owners of Madison Settlement Services, LLC, a national title agency.
This strategic move adds title and settlement services to reAlpha’s real estate offerings, enhancing its AI-powered, commission-free homebuying platform, Claire, which is managed by reAlpha Realty, LLC. Hyperfast will now provide title services to consumers using Claire to purchase homes.
Mike Logozzo, President and COO of reAlpha, stated, “We are excited to welcome Hyperfast to the reAlpha family. This acquisition supports our goal of creating an integrated, user-friendly homebuying solution powered by our proprietary AI technology and skilled professionals. It positions us for significant growth.”
Acquiring title services aligns with reAlpha’s strategy to vertically integrate the homebuying process, aiming to improve customer experience and increase revenue. The partnership with Madison Settlement Services will help expand Claire into new markets, utilizing their network across 33 U.S. states.
Hyperfast will continue operating under its brand, led by co-founders David Breschi and Kristen Britton, while benefiting from reAlpha’s resources and AI platform.
Sureet Pabbi, Associate VP of M&A at reAlpha, remarked, “The acquisition of Hyperfast Title aligns with our strategy of integrating complementary businesses to support our long-term growth. Title services represent a $23 billion industry, and we will continue seeking strategic acquisition opportunities to enhance reAlpha’s growth.”
David Breschi, CEO of Madison Settlement Services, added, “Claire represents the evolution of real estate transactions into the digital age. We believe reAlpha is the future of real estate, and we are honored to be part of this team.”
reAlpha Tech Corp. (NASDAQ: AIRE) is a real estate technology company developing a commission-free homebuying platform. Leveraging AI and an acquisition-led growth strategy, reAlpha aims to provide an affordable, streamlined homeownership experience.
Claire, launched on April 24, 2024, is reAlpha’s AI-powered, zero-commission homebuying platform. It offers a fee-free alternative for homebuyers, using an AI-driven workflow to guide them through the process. Claire is currently available in select South Florida counties, with plans to expand nationwide. For more information
Hyperfast, a subsidiary of Madison Settlement Services, is a real estate title company operating in over 30 states and has served over 80,000 customers.
By Proptechbuzz
By Ravi Kumar
