Real Estate Alpha is a vertically integrated multifamily investment firm with a portfolio of more than 1,100 units across Ohio, built over the past decade. Co-founders Justin Spillers, a former real estate attorney, and Brandon Virgallito, a former engineer who previously owned a construction and roofing company, built the firm to own every layer of execution: acquisitions, property management, construction, leasing, maintenance, and capital raising which are all in-house. That structure eliminates the vendor layer most operators depend on and gives the team direct control over all cost basis and timelines at the asset level.

The same architecture that made vertical integration possible has allowed the firm to build AI into operations natively rather than bolting it onto outsourced workflows. Every leasing call and tour is scored in real time against a trained sales framework, resident outreach is calibrated to renewal probability, and work orders are triaged and dispatched automatically, with full unit turns completed with in-house trades. The output shows up in the numbers: 7-day unit turns, a 70%+ renewal rate, and leasing conversion that runs well ahead of market benchmarks with 98%+ stabilized occupancy.

Investor capital is structured as preferred equity with a fixed annual return and monthly payments with a unique return on capital tax treatment to defer all tax gains until year 9. Investors hold a senior preferred position, and the principals sit in the common equity behind them with $40 million protecting every single investor dollar.