reAlpha Tech Corp. (NASDAQ:AIRE) saw its shares climb 5% in premarket trading on Tuesday after the AI-driven real estate technology firm announced the purchase of Prevu Inc., a digital homebuying platform that also operates a licensed brokerage across 12 states and Washington, D.C.
The deal significantly broadens reAlpha’s real estate licensing footprint, adding 11 new markets and marking a major milestone in the company’s effort to build a multi-service national platform that unifies real estate and mortgage offerings under one umbrella.
Prevu, based in New York, uses a digital-first, commission-rebate business model and has completed more than 1,000 transactions, maintaining a 5-star Google rating. Its proprietary tech platform is built to simplify the buying process and increase efficiency for agents.
“Prevu brings both additional market coverage, as well as enhanced operational capabilities that we expect to accelerate reAlpha’s long-term platform strategy,” said Mike Logozzo, Chief Executive Officer of reAlpha.
Prevu’s CEO Thomas Kutzman added, “Our shared commitment to modernizing real estate through technology and operational excellence makes this a natural fit.”
Both companies have already started preparing for integration, with plans to merge Prevu’s brokerage operations, technology stack, and team into reAlpha’s central homebuying ecosystem, aiming for a seamless transition for clients and agents.