Loading ...Jeff Bezos-Backed Real Estate Company Is Launching A New Fund To Acquire More Single-Family Homes Across The U.S.
Arrived, a young real estate company backed by Amazon.com Inc. founder Jeff Bezos, has just announced its entry into the single-family rental fund space. Arrived currently operates a fractional real estate investing platform that has attracted nearly half a million retail investors since its launch in 2021. The platform allows these investors to purchase shares of single-family rental properties with as little as $100.
To date, investors on the platform have funded more than 388 homes with a total value of over $122 million. Properties are often fully funded within hours of going live, which has resulted in Arrived limiting the maximum investment on many of its offerings.
https://finance.yahoo.com/news/jeff-bezos-backed-real-estate-151102586.html
Here is my problem with this and the previous efforts by Blackrock and others who bought up massive numbers of homes to rent out. It may be great for these companies and the people who invest in these r/e ventures but it drives up the cost of homes and limits availability as seen in the current environment. If these companies, especially the Bezos venture and Musk purchase, were used to offer a perk to their employees that they would rent with an option to buy the home within set parameters of length of employment and time in the home it would be a win win. Employees would be attracted to those companies and much like past programs to assist with college tuition, these companies would be investing in their employees long term financial and psychological well being. Great for retention and corporate morale.