Jeff Bezos-Backed Real Estate Investment Platform Fully Funds 12 Properties In Under 5 Hours
Arrived Homes, the single-family real estate investment platform backed by Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos, fully funded its batch of 12 new rental properties released on the platform Monday, May 2, 2022, in under five hours.
This newest batch of offerings was the platform’s most highly anticipated release yet. The surge of traffic from investors when the properties were released crashed the website for nearly three hours. The properties funded in this round have a total value of $4 million and are located across four markets in Georgia, Tennessee, Alabama and South Carolina.
Despite the website being down during the first three hours after the release, the company still managed to beat its record set early last month when funding 6 properties in under 12 hours.
Arrived Homes has experienced rapid growth since its launch last year, largely due to it being one of the few real estate investment platforms available to non-accredited investors. The company funded 51 homes on its platform during the last eight months of 2021 with approximately $18.5 million in property value. So far in 2022, Arrived Homes has already funded over $20 million worth of rental properties.
The platform has been releasing new properties every couple of weeks so far in 2022. New investors can gain access to upcoming properties by monitoring new offerings on Benzinga or directly through Arrived Homes.
How The Arrived Homes Platform Works
Arrived Homes finds and acquires single-family rental properties, then offers shares of the properties to investors through its online platform with a minimum investment of $100. Investors can browse available properties and invest in whichever ones they choose.
The company handles the management of the properties while investors collect their share of the rental income and wait for the property to appreciate in value over time.
After a target hold period of five to seven years, Arrived Homes sells the property and distributes the equity to each investor according to the number of shares they own. Assuming the property increases in value, the investors share in the profits from the sale.
Find more fractional real estate investments on Benzinga Alternative Investments.
Photo: Courtesy of Arrived Homes
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