Many of the world’s largest investment firms have launched new funds over the past couple of years aimed at acquiring or building single-family homes to use as rentals. This comes as no surprise considering that the increased cost of buying a home has forced many Americans into being tenants instead of homeowners.
Arrived, a young real estate company backed by Amazon.com Inc. founder Jeff Bezos, recently announced its entry into the single-family rental fund space. Arrived currently operates a fractional real estate investing platform that has attracted nearly half a million retail investors since its launch in 2021. The platform allows these investors to purchase shares of single-family rental properties with as little as $100.
To date, investors on the platform have funded nearly 400 homes with a total value of over $124 million. Properties are often fully funded within hours of going live, which has resulted in Arrived limiting the maximum investment on many of its offerings.
Don’t Miss:
Investing in real estate just got a whole lot simpler. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes and you only need $100.
Elon Musk has reportedly bought 6,000 acres of land just outside of Austin. Here’s how to invest in the city’s growth before he floods it with new tech workers.
The new Arrived Single Family Residential Fund aims to simplify capital allocation by allowing users to invest more at one time and invest on their own schedule without having to wait for individual properties to launch.
Investors in the new fund will be diversified across several properties in multiple real estate markets. Arrived also intends to give investors an option to redeem or liquidate their shares on a quarterly basis after the first six months.
Arrived CEO Ryan Frazier expressed optimism about the single-family home market, citing its historically robust returns and lower volatility compared to the stock market. He also noted the persistent demand for housing, outpacing the supply of new homes over the last decade.
In the third quarter of 2023, investors on the platform earned approximately $890,000 in dividend income, marking an increase from the previous quarter. Over the past year, the platform has disbursed over $2.8 million in dividends to its…
Click Here to Read the Full Original Article at Cryptocurrencies Feed…
