Fractional investment startups are adding yet more noise to an already-crowded real estate market. And things don't look good for renters.
in Tuscaloosa, Alabama. The first homes to be advertised on the platform likely won’t be sold for two to three years, giving them time to appreciate, says Frazier, Arrived’s CEO. Then investors can cash out.
The average investor spends around $3,500 on five or six properties, Frazier says. But investments can top $25,000 and include accredited investors, says Bret Neuman, head of brand and content at Arrived. Still, most people invest less than $1,000. And, according to Arrived, it$1.2 million in dividends for investors in 2022. Its portfolio of properties appreciated a total of $1.4 million over the same year, the company says.
Other fractional ownership startups take different approaches to the same idea. reAlpha, the vacation-rental company, sells shares in investment properties to be used as Airbnbs. The company says it uses AI to analyze properties and predict their viability as vacation rentals. Then it buys, renovates, and manages the properties. Y Combinator–backed Lofty AI lets people buy tokens for $50 in homes.
Landa is selling shares in at least a dozen townhouses in Douglasville, Georgia, a city just west of Atlanta, and more homes in Atlanta and its other suburbs. It’s a region that has seen an influx of investors, thanks in part to controversial legislation that favors landlords—including a law that bans rent control.
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