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SYLA Technologies Announces Definitive Agreement for a Business Transfer from ietty Inc.

TOKYO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- SYLA Technologies Co., Ltd. (NASDAQ:SYT) ("SYLA" or "the Company"), operator of the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, announced it has entered into a definitive agreement for a cash transaction business transfer from ietty Inc. ("ietty"), a Japanese based real estate portal website management and rental brokerage business, effective November 1, 2023.

ietty is a dynamic and innovative real estate service provider powered by its proprietary AI and chatbot technologies to revolutionize the real estate brokerage sector. Beyond its traditional real estate services, the company offers corporate welfare solutions through its AI real estate brokerage services known as ietty BIZ. Furthermore, ietty provides expert consulting services through its innovative chat solutions to ensure clients receive effective and valuable real estate guidance.

Through this strategic business transfer and integration of ietty's cutting-edge technology, SYLA aims to venture into the rental brokerage field to further enhance its slate of comprehensive one-stop real estate services. Alongside its existing in-house real estate development, design, construction, sales, and rental management services, the addition of an online rental brokerage function will provide incremental value to both SYLA's tenants and property owners. Furthermore, this in-house brokerage venture is expected to boost the occupancy rates of the SYFORME series, SYLA's original brand condominium, and elevate the SYLA brand, creating new, profit-earning opportunities within the leasing business.

Leveraging ietty's AI-based online customer service expertise, SYLA anticipates seamless synergies with its real estate crowdfunding platform "Rimawari-kun," while also harboring long-term aspirations to transition the business to a SaaS model and franchising of the service. This strategic business transfer underscores SYLA's unwavering commitment to delivering innovative and comprehensive real estate solutions, positioning the company at the forefront of the ever-evolving ...

Full story available on Benzinga.com


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