Arrived, a real estate platform, allows investors to buy and sell shares of rental homes for as little as $100. With 500 properties across 65 cities, it’s doubling its property count each year. A $27 million fundraise will launch a secondary market platform for investors to trade shares across the U.S. in minutes.

Investors can now buy and sell shares from each other on Arrived, with 57,000 buy and sell orders submitted in the first three weeks. The new funding was led by Neo, with participation from Forerunner Ventures, Bezos Expeditions, and Core, bringing total funding to $61.7 million. More than 850,000 investors have collectively invested over $330 million in Arrived homes.

Traditional homebuying has stalled as investors find it expensive to purchase single-family rentals. Investors make up the highest share of homebuyers on record, but Arrived is selective about markets and avoids long-term leverage. The majority of properties on the platform are owned with 100% equity, with an average interest rate below 4%.

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