Jeff Bezos, the billionaire owner of Amazon and the Washington Post, has reportedly made a new investment into a real estate-based company called Arrive Homes.
Arrived Homes reportedly allows the public to invest in them for as little as $100, giving them shares in a company that specializes in buying single-family homes and renting them out.
According to Benzinga, this is actually the second round of investments made by Bezos in Arrive Homes. They wrote that "Bezos's personal investment company, Bezos Expeditions, first invested in Arrived Homes during the company's $37 million seed round in June 2021."
To date, the company's 102 separate real estate holdings alone are valued at an estimated $40 million.
Many are saying that this is a market with a potential for massive growth, since rent prices have been skyrocketing since the start of the pandemic, and, in most areas of the county, haven't shown any signs of slowing down.
Some cities, such as Miami, Florida, have seen average increases in rental prices of up to 38 percent in just the past 12 months, for example.
The latest round of fundraising undertaken by Arrive Homes leaves it primed to go on a spending spree, with a reported $25 million in their coffers to add to their inventory, among other things.
Benzinga further reports that "the company plans to use the $25 million in funds to further build out its team, secure properties in new markets and provide the option to invest in short-term rental properties on the platform."
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