The arrival of the real estate investment platform has come as a result of the demand for real estate and the ability to deliver such ownership in terms of shares and offerings. Jeff Bezos may not be running Amazon anymore, but he seems to have taken a fancy to the real estate sector.
The Arrived Homes real estate investment platform backed by Jeff Bezos and Salesforce.com’s Marc Benioff, seems to have come upon a new platform. Arrived Homes is a company that offers shares in rental properties, sometimes for only $100 a share.
Institutional buyers are entering the single-family home market, looking to convert the single-family home into a revenue pipeline that will continue to produce a source of capital through the highs and lows of all economic cycles. The market has taken such a run over the last 10 years that institutions are looking for a way to secure their capital gains into a solid investment portfolio, that includes real estate. The inventory crisis has obviously drawn the attention of not only real estate agents and first-time home purchasers but also the interest of the institutional buyer such as Goldman Sachs and BlackRock.
One such investment group, Fundrise, as of last summer had purchased or was under contract to purchase over 2,000 properties and was anticipating purchasing 25,000 more properties over the next few years.
Recently the Arrived Homes platform sold out two properties in under two hours. One property was located in Columbia, South Carolina and the other one was located in Nashville, Tennessee. Shares in the properties cost as little as $10 each.
The Arrived Homes platform has been able to fund 51 homes since its launch in the summer of 2021.
The business model allows investors to purchase shares in the available properties and the company manages these properties while the investors collect their share of the rental income and await the property to appreciate in value. According to the arrive homes model, it looks to sell a property after a period of 5-7 years. This presumes that the property will appreciate at which time the investors will share in the profits from the sale.
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Counsellors Title Agency, www.counsellorstitle.net, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.
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