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Nearly 30 years after Amazon.com Inc. founder Jeff Bezos revolutionized online shopping, the tech mogul is now influencing the world of real estate investing.Bezos backs Seattle-based startup Arrived We’ve transformed the way individuals invest in rental real estate and now it’s as easy as buying on Amazon.
In just over two years, Arrived has successfully financed nearly 400 single-family homes, accumulating more than $135 million in total value. This milestone is especially noteworthy given the nature of the investment, which involves individual contributions from individual investors as low as $100. While these numbers may pale in comparison to giants like Blackstone (NYSE:BX) and Invitation Homes (NYSE:INVH), Alive’s The model shows important results in the real estate investment sector.
Arrived’s platform has earned a reputation for offering individual investors the opportunity to become co-owners of individual properties. Users on the platform can access detailed information about each property and acquire equity in a specific address before investing.
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Less than two months ago, Arrived expanded its portfolio with the introduction of a single-family housing fund. This new business will allow investors to diversify their holdings across a portfolio of rental properties in various markets.
The fund includes 16 properties across 12 markets with total net assets of nearly $5.2 million. The fund maintains a low minimum investment threshold of $100, reflecting Arrived’s individualized real estate investing approach.
While the Single Family Residential Fund is relatively new and still establishing its performance track record, Arrived’s freestanding rental properties have historically offered an average annual dividend yield of 4.2% from monthly rental income.
In the third quarter of 2023 alone, Arrived investors received approximately $890,000 in dividend income, bringing the prior year total to more than $2.8 million.
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This article Jeff Bezos-backed fund makes more than $5 million in single-family home acquisitions originally appeared on Benzinga.com
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