Arrived

Arrived (formerly Arrived Homes) operates an online platform that lets individual investors buy fractional shares of single-family rental homes and vacation rentals in the United States, with minimum investments starting at $100. Investors can also buy interests in diversified vehicles, including a Single Family Residential Fund, a Real Estate Income Fund and city-specific funds, and can earn cash returns from interest payments on loans. Arrived identifies and acquires properties, then handles financing, renovations, property management and tenant relationships, so investors receive dividends generated by rent plus a share of appreciation when a property is sold after a multi-year holding period.

The company positions itself as bringing real estate investing fully online, describing its ambition as a "stock market for real estate." In 2025 it launched the Arrived Secondary Market, a peer-to-peer marketplace with scheduled trading windows where investors can buy and sell shares of individual rental homes directly from one another and set pricing through order matching, offering liquidity as an alternative to holding until Arrived sells a property. Investment selection is described as data-driven, combining analytical tools with local market expertise and an emphasis on operating efficiency and scale.

Founding story

The founders set out to address the difficulty of investing in residential real estate, citing research that residential real estate has delivered long-term returns comparable to stocks with lower volatility. CEO Ryan Frazier has said the goal is to make the wealth-building potential of residential real estate more accessible by simplifying the process and lowering the cost to get started.

Business model

Arrived acquires residential rental properties and sells fractional equity interests in individual homes and in pooled funds to retail investors through SEC-qualified offerings, retaining property operations and management. It also facilitates secondary trading of shares between investors.

Revenue comes from multiple fee streams: a one-time sourcing/acquisition fee charged when Arrived buys a property and raises investor capital; an ongoing assets-under-management fee paid quarterly or annually based on property value or investor equity (historically described as a roughly 1% management fee on invested capital); and real estate agent rebate/commission income received from the seller's side when Arrived buys a property.

Traction

By its November 2025 announcement, Arrived reported over 885,000 registered investors, more than $300 million invested (GeekWire cited nearly 900,000 investors and more than $340 million), over $55 million distributed to investors, and 550+ properties funded across 65 U.S. markets. Its Secondary Market drew more than 57,000 buy and sell orders in its first three weeks. Company pages later reported 995,000 registered investors, $461 million total invested, $109 million distributed, 593+ properties funded and 67+ markets, and a 4.8 Apple App Store rating. In mid-2021, the company had secured more than 30 properties in Arkansas, North Carolina and South Carolina with about $3 million in property value funded over three months.

Latest developments

In November 2025 Arrived announced $27 million in new funding led by Neo, with Forerunner Ventures, Bezos Expeditions, Core and others participating, and officially launched the Arrived Secondary Market for peer-to-peer trading of rental-home shares. Earlier in 2025 it launched a Seattle City Fund giving investors exposure to a single metro housing market. The company declined to disclose an updated valuation.