Arrived

Arrived (formerly Arrived Homes) is a Seattle-based real estate investment platform that allows individuals to buy fractional shares of single-family rental homes and vacation rentals for as little as $100. The company identifies and acquires rental properties and then handles financing, renovations, property management and tenant relationships, so investors can hold shares without operating the underlying asset. Investors can buy shares in individual homes or in pooled funds through the Arrived website and mobile app, earning dividends from net rental income plus a share of any appreciation when a property is sold after a multi-year holding period.

The platform launched in October 2020 after the company was founded in 2019. In 2025 Arrived introduced the Arrived Secondary Market, a peer-to-peer marketplace with order matching that lets investors buy and sell shares of individual rental homes during scheduled trading windows rather than waiting for a property sale, which the company frames as a "stock market for real estate." It also launched a Seattle City Fund, a product giving investors targeted exposure to a single metropolitan housing market without selecting individual properties. Arrived states that its offerings are SEC qualified.

Founding story

Ryan Frazier, Kenny Cason and Alejandro Chouza founded the company as Arrived Homes in 2019 to make residential real estate investing accessible to people who cannot afford whole homes or the time to manage rentals; the platform went live in October 2020. Frazier previously worked at Simply Measured and Sprout Social, Cason at Simply Measured, and Chouza led Northwest operations for Oyo and Uber.

Business model

Arrived acquires rental properties, raises investor capital against them through SEC-qualified offerings, and operates the homes. Revenue comes from multiple fee streams: a one-time sourcing/acquisition fee charged when a property is bought and investor capital is raised; an ongoing assets-under-management fee paid quarterly or annually based on property value or investor equity (reported in 2021 as a 1% management fee on invested capital); and real estate agent rebate income received from the seller's agent on the acquisition side.

Fee-based: one-time sourcing/acquisition fees on property purchases, recurring AUM/management fees tied to property value or investor equity, and agent rebate income from property acquisitions.

Traction

As of the company's November 2025 announcement, more than 885,000 investors had signed up and invested over $300 million across 550+ properties in 65 cities; the company website later reported 995,000 registered investors, $461 million total invested, $109 million distributed to investors, 593+ properties funded and 67+ markets. The Secondary Market drew more than 57,000 buy and sell orders in its first three weeks. In mid-2021 the company had secured just over 30 properties across Arkansas, North Carolina and South Carolina with about $3 million of property value funded in the prior three months.

Latest developments

In November 2025 Arrived announced $27 million in new funding led by Neo, with Forerunner Ventures, Bezos Expeditions and Core participating, and officially launched the Arrived Secondary Market, a peer-to-peer platform for trading shares of individual rental homes that recorded more than 57,000 orders in its first three weeks. Earlier in 2025 the company launched a Seattle City Fund providing targeted exposure to a single metro housing market. The company declined to disclose an updated valuation.