Company Overview - Arrived, backed by investors like Jeff Bezos and Mark Beni off, enables investors to buy and sell shares of single-family rental homes starting from $100 [1] - The company manages the properties, generating income from rents and potential appreciation over time [1] - Properties are taxed as REITs due to being owned by hundreds of investors [2] - Investors can choose homes from over 500 properties in 65 cities, with some properties having more than 1,000 investors [2] Investment & Platform - Approximately 850,000 investors have collectively invested over $330 million in Arrived homes [3] - Arrived is launching a secondary market platform for investors to trade shares of homes, allowing for quick exits or position expansions [3] Market Conditions & Risk Management - The new platform is launching when traditional home buying is stalling and single-family rentals are becoming more expensive [4] - Arrived has become selective about its markets and stopped using long-term leverage [5] - The majority of properties on the platform are owned by investors with 100% equity [5] - For properties with mortgages, the average interest rate is below 4% [5]