Arrived Homes 5, LLC

Arrived Homes 5, LLC

Ryan Frazier, Kenny Cason and Alejandro Chouza launched Arrived Homes in 2021 after recognizing the structural barriers preventing average savers from owning real estate directly. The firm was incubated with backing from Jeff Bezos's Bezos Expeditions and other venture investors (per TechCrunch, 2021). Arrived operates as a regulated SEC funding portal, bridging the gap between real estate investment trusts and direct property ownership. Arrived acquires single-family homes and short-term rentals in Sun Belt markets such as Phoenix, Atlanta, and Nashville. Properties are purchased through LLCs, with shares sold to individual investors via the platform. The firm targets 0.5-2% monthly appreciation plus rental dividends. As of 2024, it had acquired over 200 properties across 15+ markets (per company blog, 2024). Arrived has raised $54 million in Series A funding from lead investors QED Investors, Anthemis Group, and the founders of Plaid and Opendoor (per SEC filings, 2022). The firm disclosed $100 million in total property acquisitions by early 2023 (per press release, 2023). The team numbers roughly 30 employees across its Seattle headquarters. Arrived maintains no affiliated foundation or separately managed philanthropic vehicle; the platform is purely commercial. In March 2024, the company announced a partnership with Vacasa to manage short-term rental properties (per company blog, March 2024). Arrived's structural differentiator lies in its fractional share model combined with SEC regulation as a funding portal — not a broker-dealer, not a syndicator. Investors hold shares in individual LLCs, giving them direct economic exposure to specific properties without the operational burden. This structure sits between crowdfunding platforms like Fundrise and full-fledged REITs, capturing retail investors who want single-asset granularity but lack the capital for whole ownership.