In 2025, Arrived delivered steady operational performance and consistent income across our portfolio of single family rentals, vacation rentals, and private credit offerings.
Investors received over $10.5M in total dividends for the year, including $3.3M distributed in Q4 alone, the strongest quarter of 2025. Our platform also surpassed major operational milestones, including $170M+ in total property value, $44M+ in Private Credit Fund loans repaid, and stabilized occupancy averaging over 96% across residential portfolios.
Here’s how our offerings performed on yield, occupancy, leasing, and credit in Q4 and for the full year.
2025 Highlights
Arrived’s portfolio spans dozens of markets across the U.S., giving investors access to diversified real estate investments nationwide without the complexity of managing properties themselves. From high-growth metro areas to stable suburban neighborhoods, our offerings are thoughtfully selected to balance risk, deliver income, and capture long-term value across regions.
Below you can see the geographic diversification of Single Family Residential, Vacation Rental, and Private Credit offerings in the Arrived portfolio.
New offerings and platform enhancements
At Arrived, we’re continually investing in the experience we offer investors, from expanding access to new funds to improving transparency and flexibility. In 2025, we launched several updates that made it easier to track performance, unlock liquidity, and diversify with confidence.
Here are a few notable product and platform updates from the year:
Monthly account statements and map view
We launched monthly account statements to help investors track dividends and portfolio performance more clearly. A new map view in the dashboard also allows investors to visualize property holdings by location.
Arrived Valuation and Property Value in the dashboard
To improve transparency, Arrived Valuation and Property Value are now displayed directly in the portfolio view, giving investors clearer insight into how share values are calculated and how property-level performance is reflected.
Seattle City Fund launch
We introduced the Seattle City Fund, our first metro-specific diversified fund, offering targeted exposure to one of the most resilient rental markets in the U.S.
Arrived Wefunder community funding round
We completed a second community funding round through Wefunder, giving more investors the opportunity to share in the potential long-term growth of Arrived as a company.
Dividend reporting revamp
We redesigned the portfolio page to make income reporting easier to understand and more actionable.
Updates included:
- A refreshed Dividend Data Points section
- A new Dividend Distribution by Asset Type pie chart
- A Dividend Stats by Offering table
- Global toggles for the latest period vs all-time views
- Improvements to the historical dividends chart
Secondary Market launch
We launched the Arrived Secondary Market, enabling eligible investors to buy and sell shares of rental properties. This feature introduced new liquidity options across more than 500 properties on the platform.
Series B funding
We raised $27 million in our Series B funding round led by Neo, and supported by Forerunner Ventures, Bezos Expeditions, Core and others to fuel the platform's future and advance our mission to bring real estate investing fully online.
Reduced fees for fund redemptions
We lowered redemption fees for funds, providing additional flexibility for investors seeking access to liquidity.
1031 Exchange pilot program
We began piloting the Arrived 1031 Exchange program, which is designed to help investors defer capital gains taxes, transition into passive real estate ownership, and retain their investment momentum with help from our team of experts.
Single Family Residential property performance
In 2025, Arrived’s Single Family Residential portfolio delivered stable performance across key operating and acquisition metrics.
Operating performance
Rental properties maintained strong fundamentals, with an average annualized yield of 3.9% across all long-term rentals. Stabilized occupancy average for 2025 was 95.89%, in line with institutional REIT benchmarks. The portfolio generated more than $13.5M+ in rent revenue, and approximately 80% of homes achieved or exceeded pro forma rent, reflecting disciplined underwriting and solid leasing execution.
Acquisitions
Half of all Single Family Residential acquisitions in 2025 were newly built homes, sourced through partnerships with over 10 national and regional builders. These homes brought greater consistency and differentiation to the portfolio and were often acquired at attractive builder discounts, leveraging a high-rate environment to secure favorable pricing.
Top 5 SFR by annualized yield in 2025
The charts below reflect annualized dividend rates and gross returns (realized dividends plus unrealized appreciation) for Single Family Residential and Vacation Rental properties as of Q4 2025.
These charts illustrate how building a diversified portfolio across property types and markets may help reduce risk and improve long-term outcomes.
Below, you’ll find a chart that shows the estimated market value performance for the individual rental properties in the Arrived portfolio.
To view individual property performance and historical returns, visit the Arrived Returns page. Past performance is not indicative of future results.
Equity fund performance
The Single Family Residential Fund posted a 4% annualized dividend yield in Q4, slightly outperforming the broader pool of individually owned single-family residential properties. The fund maintained an average stabilized occupancy of 96.43% throughout the year, reflecting consistent tenant demand and operational efficiency.
The Seattle City Fund, launched in 2025, began generating rental income shortly after acquisition. All three properties were fully leased, ending the year with 100% stabilized occupancy, and providing investors with targeted exposure to a high-demand West Coast market.
Private Credit Fund performance
The Arrived Private Credit Fund delivered consistent income in 2025, with an annualized yield ranging from 8.1% to 8.4%, no loss of principal, and a stable $10 share price throughout the year.
The fund scaled meaningfully over 2025—growing from under $20 million to over $80 million in loan assets. In total, Arrived has purchased more than 200 loans into the fund and received full repayment on nearly 100 of them, reflecting disciplined underwriting and active portfolio management.
Vacation Rental performance
Vacation rentals delivered a mix of standout performance and ongoing optimization efforts in 2025.
Leading the category was the Byers House, which saw remarkable demand with minimal vacancy in Q4 and continued rent growth—an exceptional result in the vacation rental space. Byers also posted the highest dividend yields on the platform, hitting 12% and 13% annualized in the final two months of the year.
While many properties performed well, vacation rentals naturally entail greater operational complexity and seasonal variability than long-term rentals. This can lead to fluctuations in income and expenses throughout the year.
To support stronger and more consistent performance across the portfolio, we’ve:
- Paused new vacation rental acquisitions to focus on optimizing existing homes
- Transitioned select properties from third-party management to in-house oversight for tighter alignment and better execution
- Invested in operational improvements aimed at enhancing the guest experience and financial outcomes
We continue to see long-term opportunity in vacation rentals as part of a diversified portfolio—and we’re focused on building a more scalable, consistent foundation for this category going forward.
Top 5 VR by annualized yield
In 2025, a total of 40 vacation rentals were in operation. The table below outlines the gross booking revenue and average guest rating for each property. Gross booking revenue is presented before deductions for property management fees, operating expenses, and repairs or maintenance costs.
¹ Booking revenue and guest rating were affected by the transition to a new property manager.
² Booking revenue was impacted due to a maintenance issue.
See the Property History Timeline for individual updates for each property.
Want to stay at an Arrived vacation rental? Add it to your Airbnb wishlist ✨
Closing Thoughts by Arrived CEO and Co-Founder, Ryan Frazier
"As we reflect on 2025, I’m proud of the meaningful progress we’ve made in bringing real estate investing online and making it more accessible, transparent, and flexible for everyone.
We continued to expand our offerings—now with over 500 single-family rentals across 65 cities—and scaled our Private Credit Fund to meet growing demand for income-oriented strategies. We also made strides in enhancing investor liquidity by expanding our Secondary Market, giving investors more options to buy and sell shares on their terms.
Beyond new offerings, we’re also building tools for investors who already own real estate outside of Arrived. This year, we began rolling out new tax-advantaged strategies, including our 1031 Exchange pilot, to help real estate owners transition into passive income opportunities with less operational burden.
As we enter 2026, we remain focused on:
- Expanding the breadth of available offerings, including diversified funds and new credit strategies
- Scaling the Secondary Market to enhance liquidity for investors
- Continuing to deliver passive income and long-term value through professionally managed real estate assets
At Arrived, our mission is rooted in transparency, investor trust, and financial inclusion. We believe real estate is one of the most powerful tools for building long-term wealth—and we’re here to make that opportunity available to more people than ever before.
Thanks for being on this journey with us. Happy investing!"
