Jeff Bezos bet on a company that lets you own a piece of a rental house for $100. Arrived Homes is doing to real estate what Robinhood did to stocks — removing the minimum investment barrier. The SEC compliance is expensive and slow, but it's also a moat: competitors can't easily replicate the regulatory infrastructure. Whether fractional rental ownership generates meaningful returns at $100 per investment is the real question.
Founded
2019
HQ
Seattle, WA
Total Raised
$162M
Founder
Ryan Fraizer, Kenneth Cason, Alejandro Chouza
Status
Private — operating and growing. Backed by Jeff Bezos.
Website
www.arrivedhomes.comTHE ORIGIN STORY
Ryan Fraizer saw that real estate was the #1 wealth builder in America but required $50,000+ for a down payment. In 2019, he founded Arrived to let anyone invest in rental properties for as little as $100.
Each property is set up as its own LLC — investors buy shares, Arrived manages everything (tenant screening, maintenance, rent collection), and quarterly dividends flow to shareholders. Jeff Bezos personally invested, giving Arrived instant credibility.
WHAT THEY ACTUALLY DO
Fractional real estate investing platform that lets anyone invest in rental homes starting at $100. Arrived buys single-family rental homes, rents them out, and distributes rental income to investors proportionally.
Revenue comes from asset management fees (1% annually) and a sourcing fee on property acquisitions. The pitch: own a piece of a rental house for less than the cost of a nice dinner.
THE PRODUCTS
Single-Family Rental Investments ($100 minimum, quarterly dividends), Vacation Rental Properties (Airbnb-style short-term rental investments), Arrived Short-Term Rental Fund (diversified vacation rental fund), and property management services. Each property is an individual SEC-qualified offering.
HOW THEY GREW
Product expansion beyond single-family rentals. Arrived launched vacation rental properties (Airbnb-style investments), Short-Term Rental Fund (diversified exposure), and is developing a secondary market for trading property shares.
The Bezos backing opens doors for partnerships and talent. Scaling the property pipeline — buying hundreds of homes annually in high-growth rental markets — drives AUM growth.
THE HARD PART
SEC regulations around fractional real estate offerings are complex. Each property must be individually qualified with the SEC (Regulation A+), which is expensive and time-consuming.
Scaling to thousands of properties while maintaining quality tenant management is operationally challenging. Rising interest rates in 2022-2023 made rental yields less attractive compared to risk-free Treasury rates, slowing investor demand.
MONEY TRAIL
Series A
2021 · Led by Forerunner Ventures, Bezos Expeditions
$37M raised
Series C
2023 · Led by NEA, Forerunner Ventures
$100M raised
WHO BACKED THEM
Jeff Bezos (personally), Forerunner Ventures, NEA, Core Innovation Capital, and Bezos Expeditions backed Arrived.
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