Core Insights - Lofty partners with La Rosa Holdings Corp. to enhance the efficiency of real estate transactions and support La Rosa's national expansion strategy [1][2] - Over 500 La Rosa agents have adopted Lofty's platform, indicating strong demand and user engagement [1][3] - Lofty's AI-powered platform is designed to optimize the real estate journey, enabling brokerages to convert 42% more leads compared to other solutions [3][5] Company Overview - La Rosa Holdings Corp. operates 26 corporate-owned brokerage offices across multiple states and Puerto Rico, providing both residential and commercial real estate services [2][9] - The company employs a flexible compensation model for agents, including revenue-sharing and 100% commission options [6][9] - La Rosa is expanding into Europe, starting with Spain, and operates a full-service escrow settlement and title company in Florida [9] Technology and Innovation - Lofty's platform offers a comprehensive technology foundation that supports the unique needs of traditional and modern brokerages [3][5] - The platform features multilingual capabilities and an AI Sales Assistant that supports over 50 languages, enhancing client engagement [8] - Lofty's technology aims to streamline processes, reduce operational costs, and improve agent productivity [1][3]

Leadership Transition - reAlpha Tech Corp. announced a leadership transition with Mike Logozzo appointed as Chief Executive Officer and Giri Devanur transitioning to Executive Chairman of the Board effective June 3, 2025 [1] - This change aims to support the company's next phase of growth and operational excellence [3] Executive Background - Mike Logozzo has been instrumental in reAlpha's growth, previously serving as Chief Financial Officer and later as President and Chief Operating Officer [2] - Under his leadership, reAlpha has expanded its national presence and launched the proprietary AI platform Claire, enhancing its capabilities in real estate, mortgage, and title services [2] Strategic Vision - Giri Devanur emphasized the importance of evolving leadership at this stage, highlighting the strong foundation and clear vision established at reAlpha [3] - Logozzo expressed commitment to transforming the homebuying journey through technology and integrated services, aiming to expand the company's national footprint and deliver long-term results [3] Company Overview - reAlpha Tech Corp. is an AI-powered real estate technology company focused on transforming the U.S. real estate services market, developing an end-to-end platform for homebuying [4] - The company employs a strategic, acquisition-driven growth model and a proprietary AI infrastructure to create a vertically integrated ecosystem for affordable homeownership [4]

Core Viewpoint - The acquisition of Resource Group by Safe and Green Development Corporation (SGD) is a strategic move aimed at enhancing revenue-generating operations and aligning with the company's vision for sustainable development [2][5]. Company Overview - Safe and Green Development Corporation is a publicly traded real estate and development company focused on innovative and green building practices, utilizing prefabricated modules made from wood and steel [12]. - Resource Group US Holdings LLC specializes in transforming organic green waste into engineered soil and mulch products, providing sustainable solutions for various sectors [3]. Acquisition Details - SGD has completed the acquisition of Resource Group, which includes a permitted composting facility, two green waste aggregation sites, and a transportation fleet [2]. - The acquisition is expected to add significant revenues and growth potential to SGD's core business [5]. - SGD issued 376,818 shares of common stock, 1,500,000 shares of non-voting Series A Convertible Preferred Stock, and $480,000 in unsecured promissory notes as part of the acquisition [5]. Operational Integration - The Resource Group team will continue in their current roles, collaborating with SGD's leadership to ensure a seamless transition and integration of operations [4]. - The combined entity is working on aligning operations, optimizing logistics, and expanding sales of environmentally responsible products [11]. Future Plans - SGD plans to reconstitute its board of directors to include members from Resource Group, enhancing governance and oversight [6]. - The company is in the process of rebranding under a new name, which will be announced soon [11].

Company Overview - The Real Brokerage Inc was founded in 2014 and aims to disrupt the traditional real estate brokerage model by offering agents higher value at a lower cost[11] - The company's vision is to redefine the home buying and selling process and enable agents to build long-term wealth[11] Financial Performance - The company's last twelve months revenue as of Q1 2025 was $1418 million[13] - The company's last twelve months Adjusted EBITDA as of Q1 2025 was $446 million[15] - As of Q1 2025, the company had 26870 agents[13] - The company's gross profit for the three months ended March 31, 2025, was $33936 thousand[164] Agent Value Proposition - The company offers a competitive 85%/15% commission split, favoring agents, with agents keeping all gross commission income after reaching a $12000 annual cap[40] - The company provides a revenue sharing model where agents can earn additional income by receiving a percentage of commissions generated by agents they attract to Real[40] Technology and Innovation - The company's proprietary software platform, reZEN, offers a comprehensive range of tools for real estate agents[54] - The company launched Real Wallet in Q4 2024, offering a Real-branded debit card for U S agents and a business line of credit for Canadian agents, generating $126K in revenue in Q1 2025[60,62] Market Position and Growth - Since 2021, Real has grown agent count by over 6x, even as the Existing Home Sales market has declined by over 30% during that time[24] - The company represents less than 2% of the US agent market share[72]

Financial Data and Key Metrics Changes - Revenue for the fourth quarter was $240 million, up 44% compared to $166 million last year, with adjusted EBITDA of $18 million and net income of $8.5 million [5][18] - For the full year, revenue grew 8% to approximately $696 million, with a net loss of $12.4 million, significantly improved from a net loss of $34 million last year [5][24] - Adjusted EBITDA for the full year was $9.4 million, compared to a negative $19.6 million in the prior year [24] Business Line Data and Key Metrics Changes - Brokerage revenue increased 40% in the fourth quarter, with transaction count up 23% and volume growth of 41% [5][6] - Financing revenue nearly doubled in the fourth quarter to $31 million, a 97% increase year-over-year [20][21] - The core private client business contributed 59% of brokerage revenue in the fourth quarter, down from 66% the previous year [19][20] Market Data and Key Metrics Changes - The company closed 7,800 transactions with a total volume of $43.6 billion for the year, reflecting gains of 414% in transaction count [10] - Average transaction size increased to approximately $7 million in the fourth quarter, up from $6.2 million a year ago [19] - The ten-year treasury yield dropped to a low of 3.6% in September, which contributed to increased market activity [8] Company Strategy and Development Direction - The company aims to increase investor outreach and client contact while focusing on individual producer productivity [15][16] - Investments in technology, including AI, are being made to enhance underwriting and support processes [15][39] - The company is pursuing strategic acquisitions and partnerships to extend market penetration and enhance service offerings [16][38] Management's Comments on Operating Environment and Future Outlook - Management noted that interest rate volatility remains a significant challenge for closing deals [11] - There is cautious optimism for incremental growth in transactions, driven by situational distress and realistic pricing [12] - The company expects first-quarter revenue to follow seasonal trends and be sequentially lower than Q4 [25][26] Other Important Information - The company has a strong balance sheet with no debt and $394 million in cash and marketable securities [24][17] - A semi-annual dividend of $0.25 per share was declared, amounting to approximately $10 million [25] Q&A Session Summary Question: Can you discuss the different transaction size buckets for commission revenue? - Management highlighted a trend of increased capital in larger transactions, driven by institutional investors and entrepreneurial private investors [30][31] Question: What impact have the recent fires in Greater LA had on multifamily transactions? - Management noted that insurance costs have increased and that there is pressure on operating costs, affecting market sentiment and inventory availability [33][34] Question: Any updates on external growth opportunities or strategic initiatives? - Management indicated ongoing discussions for potential acquisitions but noted valuation concerns as a barrier [37][38] Question: How does the company balance capital allocation between share repurchase and dividends? - Management stated that capital allocation decisions are made opportunistically, with a focus on long-term growth investments [41][42]