SEATTLE, June 16, 2021 / PRNewswire / – Arrival Houses (“Arrived”), the revolutionary real estate investment platform that makes rental property ownership a possibility for everyone, today announced that it has lifted $ 37 million in a combination of seed financing and debt financing.
The tour is made up of 10 million dollars in equity financing and $ 27 million in debt financing. This is the company’s first funding round and was led by Capital of innovation with the participation of Bezos expeditions (the personal investment company of Jeff Bezos), Good friends (a venture capital fund managed by the CEOs and co-founders of Warby Parker, Harry’s and All birds), Time Ventures (the investment fund of Marc Benioff), Spencer rascoff (general partner of 75 & Sunny Ventures and former CEO of Zillow), Dara khosrowshahi (CEO of Uber), Hadi Partovi (CEO and founder of Code.org), Fred tuomi (former CEO of Houses Invitation), PSL companies and Neo (Ali Partovi’s venture capital funds).
the $ 37 million The funds will be used to grow the Arrived team and expand the company’s rental housing offering across the country. To date, Arrived has secured over 30 properties across Arkansas, North Carolina, and Caroline from the south, which are either fully funded or ready to be offered to investors. It costs as little as $ 100 invest in rental property Arrived, investors receiving quarterly rental income and their share of the appreciation of the property.
Arrived is the first and only company to offer SEC-qualified offerings that allow anyone to buy shares in single-family homes. The company’s platform manages all elements of the investment experience end-to-end, from finding the most promising investment properties – based on home appreciation and rental cash flow potential. local – managing day-to-day operations.
“Investing in real estate is synonymous with the American dream, but very few people are able to buy entire homes or have the time to invest and manage rental properties,” said Ryan frazier, CEO and co-founder of Arrived. “With Arrived, we’re removing barriers to investing in rental housing, taking a process that typically takes months and making it accessible in under 4 minutes, from just $ 100. We are truly passionate about the opportunity to help millions of people better access this historically formidable asset class. “
“The Arrived team makes an iconic and attractive asset class available to millions of ordinary Americans: the rental of single-family homes,” said Arjan Schütte, Founder and Managing Partner of Core Innovation Capital. “Thanks to Arrived, retail investors can finally access the more consistent rental income and property appreciation that comes with real estate investing, for as little as $ 100. They have created a whole new category of consumer investment and we are proud to help them democratize wealth creation in a way that has never been done before. “
“Real estate has long been a way for high net worth people to diversify and grow their portfolios,” said Spencer rascoff, general co-founder of 75 & Sunny Ventures and former CEO of Zillow. “The past year has been marked by enormous progress in the democratization of investment, including in real estate. Arrived makes investing in a rental home accessible to anyone with $ 100 and four minutes to spare. It’s incredibly stimulating. “
About the team: Arrived was founded by Ryan frazier (CEO), Kenny cason (CTO), and Alexandre chouza (COO) and is based at Seattle, Washington.
About the homes that have arrived: Arrived Homes is a Seattle– Real estate based investment platform that makes rental property ownership possible for everyone. At Arrived, our mission is to empower the world to create wealth through modern real estate investing. www.arrivedhomes.com
SOURCE Arrived Homes LLC