reAlpha Tech Corp. Announces Executive Appointments

reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company focused on developing, utilizing and commercializing real estate-focused artificial intelligence (“AI”) to drive efficiency, sustainability and growth, today announced the following leadership changes: Mike Logozzo has been appointed as the Company’s President and Chief Operating Officer; Jorge Aldecoa has been appointed to the new role of Chief Product Officer; and Michael Frenz has been appointed as Chief Financial Officer. The appointments are effective immediately. Mr. Aldecoa and Mr. Frenz will report to Mr. Logozzo, who will report to Giri Devanur, the Company’s Chairman and Chief Executive Officer.

"These strategic hires bolster our C-suite and we believe it is a step forward towards continuing to enhance stockholder value through our AI-powered real estate tech solutions,” said Devanur. “We are confident their collective expertise will drive rapid commercialization and market leadership for reAlpha."

As President and COO, Mr. Logozzo takes the helm, steering reAlpha through day-to-day operations, strategy, and compliance. Bringing over 25 years of experience in the financial services and operations industry, including more than 15 years at BMW, and a proven capital raising track record, Mr. Logozzo has been with reAlpha since the beginning and played a pivotal role in the company’s Nasdaq debut and beyond.

In his new role as Chief Product Officer, Mr. Aldecoa brings over 15 years of experience in the residential and commercial real estate industry. Tasked with commercializing reAlpha’s AI technologies, his real estate industry knowledge, and successful implementation of a property management platform to facilitate acquisition and management of newly-constructed single-family rental homes at previous positions, will be pivotal for product innovation and business growth. Mr. Aldecoa's leadership will also guide the potential acquisition of future technologies, enriching reAlpha’s tech portfolio.

As CFO, Mr. Frenz brings extensive experience in financial reporting, capital markets, and mergers and acquisitions. Prior to joining reAlpha, he was the Chief Financial Officer of CA Ventures, a private global real estate investment management company, and before then, the Chief Financial Officer of Clipper Realty Inc. (NYSE: CLPR), a publicly traded real estate investment trust, and an investment banker for almost two decades at well-known investment banks.