The real estate investment platform Arrived Homes, backed by Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos, is launching its largest batch of new offerings with a total of 14 new single-family rental properties set to go live. Seven of the 14 rental homes are hitting the platform today and the remaining properties are expected to become available later in the week.

The rental property investment platform allows individual investors to purchase shares of the single-family properties with investments ranging from $100 to $10,000 per property.

Arrived Homes caught the attention of several high-profile investors last year. Jeff Bezos invested in the company’s $37 million seed round last June through Bezos Expeditions and recently made a second investment during the company’s $25 million Series A round.

The platform has experienced rapid growth since its launch last year, which is largely due to Arrived being one of the few real estate investment platforms available to non-accredited investors. The company funded 51 homes on its platform during the last eight months of 2021, with approximately $18.5 million in property value. So far in 2022, Arrived Homes has already funded over $30 million worth of rental properties.

The newest batch of properties has a total value of approximately $7 million. The properties are located in several high-growth markets, including Atlanta, Nashville, upstate South Carolina, and Northwest Arkansas.

How The Platform Works 

Arrived Homes finds and acquires single-family rental properties, then offers fractional ownership to investors through its online platform with a minimum investment of $100. Investors can browse available properties and invest in whichever ones they choose.

The company handles the property management responsibilities while investors collect rental income and wait for the property to appreciate in value over time.

After a target hold period of five to seven years, the property is sold and Arrived Homes distributes the equity to each investor according to the number of shares they own. Assuming the property increases in value, the investors share in the profits from the sale.