An Innovation in Real Estate Investment that Founder of Amazon Believes In

6 New Rental Property Offerings Were Fully Funded in Less than 12 Hours! 

Arrived Homes is a fractionalised ownership platform from the United States. The six new rental property offerings by Arrived Homes were fully funded in less than 12 hours on 5 April 2022. 

The Bedford (a home with five bedrooms, three-and-a-half bathrooms) in the Columbia, SC market and The Jack (a home with four bedrooms, two and a half bathrooms) were sold out in less than two hours with 12,317 and 18,359 available shares at $10 per share respectively.

The remaining properties’ shares were sold out to 750 retail investors and about $800,000 with combined property values totaling approximately $1.7 million was funded.

Arrived Homes has grown tremendously since its launch, where 51 homes with a property value of approximately $18.5 million were funded in 2021. As of now, in 2022, approximately $17 million worth of properties have been funded.

During Arrived Homes’ seed round, the company grabbed the attention of several high-profile investors such as Jeff Bezos (Amazon.com Inc founder), Marc Benioff (Salesforce.com Inc founder), Spencer Rascoff (former Zillow Group Inc CEO) and Dara Khosrowshashi (Uber Technologies Inc CEO).

The fast action from the investors and the trust of Jeff Bezos shows that fractionalised ownership platform is a secure innovation for the market.

HOW DOES IT WORK?

The property management is by the company while investors just collect their shares and wait for value appreciation.

After a target hold period, the company sells the property and distributes the equity to each investor following the number of shares. When the property value increases, the investors gain profits from the sale.

We share the same beliefs as Arrived Homes. Besides gaining profits from the investment, there were many overhung properties in the pandemic and lots of scams in ICO, where the tokens are not secured, so we decided to reverse this process— instead of focusing on technology, we put in the assets first. With the unique Finnax ecosystem that incentivises tenancy, the overhung property will turn into performing assets, generating yield, value and liquidity for tenants, property owners and investors.

FINNAX  was born to solve these issues while offering simplified investments in real estate targeted at property owners, investors and tenants that leverages on decentralized and fully compliant systems so investors can have fractionalized properties. With its adoption of sophisticated technologies such as the asset-backed token.

Thus, FINNAX is here to open up the access to property investment opportunities powered by blockchain technology and STOs— all curated by a stellar team of 3 technology and real estate powerhouse, all in the name of making global citizenship a reality for investors around the globe!

Visuals courtesy of UNSPLASH