The real estate investment platform Arrived Homes had its latest batch of rental properties scheduled to be released at 11:00 AM EDT today, but the rush of new investors eager to buy shares of the new properties caused the website to crash just minutes after the launch.
Arrived Homes updated investors on its Twitter account just 14 minutes after the scheduled release, saying “High traffic – Sites down – Arrived Team on it – back with an update asap.”
The company launched 13 new properties, located across Tennessee, Georgia, Alabama and South Carolina. So far, enough investors have been able to get through to fund 6 of the properties, including three rental homes in Nashville, TN, one in Charleston, SC, one in Birmingham, AL, and another in Atlanta, GA.
Previous releases had been fully funded within hours, with the most popular properties funding within just minutes.
Arrived Homes is one of the newer real estate crowdfunding platforms available and one of the few that offer investments to non-accredited investors. The company acquires rental properties in growing markets then offers shares of the properties to investors through its platform with a minimum investment of only $100.
The company handles all of the management aspects, including finding tenants, handling maintenance and repairs and cash distributions to property shareholders. Investors collect passive income through the rental revenue while waiting for the properties to appreciate in value over time.
The company attracted interest from some high-profile investors during its seed round, including Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos through his Bezos Expeditions fund.
View current and upcoming offerings from Arrived Homes through Benzinga’s Alternative Investment Hub.
Photo: Courtesy of Arrived Homes
See more from Benzinga
Bezos-Backed Real Estate Investment Platform To Launch Its 100th Rental Property Offering
Hotel Developer Launching Private Equity Investment Offering For Extended-Stay Hotel In Texas
Don't miss real-time alerts on your stocks – join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Actually, The Wall Street Journal's Nick Timiraos did: The Fed may be trying to figure out whether to slow the pace of rate increases.
America’s high inflation rate will produce a 7% increase in the size of the standard deduction when workers file their taxes on their 2023 income, according to new inflation adjustments from the Internal Revenue Service. It’s also going to pump up tax brackets by 7% as well, according to the annual inflation adjustments the IRS announced this week. Start with the standard deduction, which is what most people use instead of itemizing deductions.
For stock market watchers, 2022 will be remembered as the year of the bear. Going by year-to-date performance, the major indexes are likely to see out 2022 posting negative returns. The same, however, cannot be said for natural gas stocks, which driven by the macro conditions – namely Russia’s invasion of Ukraine – have delivered excellent returns for investors, even accounting for the segment’s recent pullback. Looking at the prospects of the U.S.’s natural gas sector, Jefferies’ Lloyd Byrne th
The timeless Dow Jones Industrial Average has three amazing bargains capable of delivering triple-digit returns hiding in plain sight.
Is this the big sign that inflation is fading for good?
Question: I had $225,000 in my 401(k) and then I rolled over $125,000 to an annuity at 7%, as I wanted income. Should I hire a financial adviser to help? Answer: Congrats on your impending retirement — and know that it’s totally normal to feel like now may be the time to hire a financial adviser.
Some officials have begun signaling their desire to slow down the pace of increases soon and to stop raising rates early next year to see how their moves this year are slowing the economy.
No one wants to be left holding the bag.
The key to happiness in your Golden Years? Get off on the right foot.
The administration is offering to buy oil at fixed future prices, but U.S. oil companies are wary of boosting output.
Let's have a look at three stock-split stocks that, in our opinion, remain screaming buys: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Palo Alto Networks (NASDAQ: PANW), and Tesla (NASDAQ: TSLA). Will Healy (Alphabet): The Google parent is one of the largest in tech. As the owner of the Google search engine, YouTube video site, and Android operating system, it continues to wield considerable influence over the tech world.
The market rally has stepped up on Fed pivot hopes. Snowflake is among 5 high-growth stocks near buy points. Apple headlines a huge week of upcoming earnings.
There's been a major selloff in Snap Inc. ( NYSE:SNAP ) shares in the week since it released its quarterly report, with…
Financial-services giant DNB loaded up on shares of firm Nvidia and electric-vehicle maker Rivian in the third quarter. It cut investments in Ford and GM.
The danger is that illiquidity and volatility in stocks and bonds will feed off each other, made worse by foreign central banks forced to sell Treasuries to defend their currencies against a rising dollar.
Shares in copper miner Freeport-McMoRan (NYSE: FCX) were up by more than 8% by early afternoon today. The results themselves brought few surprises; after all, investors can see where the price of copper is in the market and therefore ascertain the trend in Freeport's revenue. During the earnings call, CEO Richard Adkerson talked of the physical copper market being "strikingly tight globally right now" and customers "fighting" to get hold of products.
The technology sector is home to many of the best stocks to buy or watch, although it's slim picking these days.
Shares of AT&T (NYSE: T) leaped 14% this past week, according to data from S&P Global Market Intelligence. AT&T added 708,000 postpaid phone subscribers during the quarter, bringing its total year-to-date additions to more than 2.2 million. Postpaid subscribers pay monthly bills and are generally the most profitable customers for telecom companies.
Verizon made a calculated decision to raise some fees for customers knowing subscribers might balk — meanwhile the company is spending $22 billion on network enhancements.
Advanced Micro Devices, Inc.'s (NASDAQ:AMD) stock rose 5.1% last week, but insiders who sold US$4.1m worth of stock…
- Latest
- Trending
