People Moves: reAlpha appoints Jorge Aldecoa as President

15/09/2022

Press Release - reAlpha, an AI-powered real estate technology and investment company with a goal to empower everyone with the ability to invest in the $1.2 trillion global short-term rental market, is pleased to announce the appointment of veteran real estate investor and operator Jorge Aldecoa as President of reAlpha Asset Management Inc (DBA reAlpha Homes). This strategic hire strengthens reAlpha's executive leadership team as the company looks to accelerate its investment activity.

Mr. Aldecoa brings to reAlpha more than 15 years of experience scaling and operating sizeable residential real estate platforms. Over the course of his distinguished career, Mr. Aldecoa has held senior positions at leading real estate investment companies where he helped build and effectively manage multi-billion-dollar portfolios. At reAlpha, Mr. Aldecoa will utilize his expertise and relationships to advance the company's strategy of acquiring high-quality, well-located experiential and rent-ready short-term rental properties.

Prior to joining reAlpha, Mr. Aldecoa served as Vice President of Operations for Transcendent Electra and Managing Broker of Transcendent Electra Realty & BUSB Realty. In these roles, he led the creation and implementation of a property management platform to facilitate the acquisition and management of 2,200 newly constructed single-family rental homes. Prior to this, Aldecoa held the positions of Chief Investment Officer and Interim Chief Operating Officer at Firm Capital American Realty Partners. Mr. Aldecoa also served as a Regional Vice President at Invitation Homes (Nasdaq: INVH), where he led the property management of a $1 billion portfolio. Mr. Aldecoa earned his Bachelor of Science with a focus in property management and residential development from Florida State University.