Jeff Bezos, one of the richest men in the world, wants to expand his portfolio to include investments in single-family home rentals.
Jeff Bezos, one of the richest men in the world, is looking to expand his portfolio to include real estate, specifically contributing to a platform for investing in single-family home rentals.has made a second investment in Arrived Homes.
Arrived Homes is described as “the first SEC-qualified real estate investing platform that allows virtually anyone to buy shares in single-family rental properties with a minimum investment of only $100.”The company acquires rental homes and allows individual investors to become owners in the properties by purchasing shares through the platform.
The reason for a growing interest in the single family home rental market is statistics like this one: the average rent in the U.S. has increased nearly 15 percent in the past 12 months and as high as 38 percent in U.S. cities such as Miami over the same period. Bezos joins the some trend happening on Wall Street, which is also eyeing the single-family rental market. Analysts say the convergence of rising home prices, changing rental preferences, and advancing technology is driving the phenomenon.
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