Jake and team, thanks so much for prepared remarks. Looks like we have folks from all over today. Denver, Long Island, Louisiana, Orlando, Atlanta, Maryland. Uh Kelsey, I know you had asked if this video will be sent to your email. Absolutely. We’ll be sure to send it directly to uh the email that you use to register. So, it will go out to all registrants today. Uh feel free to drop any and all questions in chat. We’ll definitely work through them. Um but Jake, thrilled to have you on board today and walk through all the questions. Sometimes I’ll group like kind as we go through here. Uh but this is your time. We want to be sure that uh this is a space where you can ask any and all questions if you should decide to invest or not and arrive. So thrilled to have you all here today. Jake, in prepared remarks towards the end, we walked through historical returns like what we’re seeing to date for all the offerings that we have on arrived. Um and I know we have a active investor who’s had a tough experience. So I’d love to address uh what our historical returns are and then how that can differ for performance in uh a an investor’s account depending on what they’ve invested in and when. Yeah. So the returns that you get on arrived are are ultimately going to depend on how the performance of the underlying asset does um for what you invest in. So when you invest in you know the single family home residential asset category you know generally those properties as a whole are averaging you know a three and a half to four or so um percent dividend and then you earn the appreciation as well and the appreciation is going to be highly dependent on you know what point you bought in. If you bought properties one year ago it’s probably going to have less appreciation than properties that you bought into four years ago. Um, but the thing to remember is that, you know, you only earn the returns of that particular house if you’re investing in the individual properties. So that might mean that you end up investing in a property that rents above our forecast and has, you know, the tenants renew their lease several times, there’s no vacancy, and doesn’t have much repair maintenance. And on a property like that, you’re going to have much higher dividends because there’s much more cash flow being generated from that property. On the flip side, if you just threw a dart and we’re going to pick, you know, make one investment, you might end up getting the flip side and getting the property that has, you know, a tenant that doesn’t pay their rent because they lost their job and then moves out in the middle of winter and there’s a hard time releasing it. And if there’s no income, there’s no, you know, cash for us to be able to pay out those dividends. So, the the way to kind of mitigate that risk is through diversification. It’s kind of the same idea as not, you know, having all your eggs in one basket. Um, the same way you wouldn’t invest in stocks and just only buy into one stock. you know most people buy into you know the S&P 500 where you get kind of the market level returns because the you get the benefit of diversification across a bunch of different companies. So similarly when you invest on arrive you know it’s helpful to invest in you know multiple different individual properties to diversify away some of the risk of any one property doing poorly or you can invest in things like the single family fund which are kind of already diversified because it’s a fund that owns 50 properties. So within the single family fund, if you know, one or two properties isn’t rented, it’s really not that big of a deal because those two properties are such a small percentage of the overall fund. So without looking into that that one investor’s portfolio, it’s hard to say exactly what happened. But the the returns overall are going to depend on what you’ve invested. And remember that we go through different cycles as well. Our properties that were purchased in 2021 and 2022 have seen a ton of appreciation. our properties that were purchased in 2023 2024 are doing okay so far and the ones that have been purchased in the last year or two are starting off really strongly so far. So you want to diversify not just across you know which properties but also across time. You know, it’s similar to if you think back to the the Great Recession. You know, if you only invested in 2007, you know, of course you were going to have poor returns because a market crash happened right before. But if you were investing a little bit in 2005, 6, 7, 8, 9, 10, 11, 12, well, all of a sudden look back now after a decade and you’ll have actually have pretty good returns because you kind of bought as the market was going up and as the market was going down because it’s, you know, virtually impossible for anybody to know exactly what’s going to happen in the future. But we really like the single family asset class in particular because over the long term over 40 50 60 year um time periods we see consistent appreciation of about 4% nationally and oftentimes higher in some of the markets that we’re buying properties in. So my my general you know thoughts for folks is to you know make sure you diversify and make sure that you only invest in funds that you’re willing to have kind of stay in real estate for a bit. You know, real estate is not an asset class that you can invest in and then trade out of and trade back into and kind of go back and forth, back and forth. It’s definitely something that performs best when you invest and then kind of take a step back and let it sit there for a number of years. Fantastic, Jake. Thanks so much for walking through it. And I I believe there was another um comment, but I’m not seeing it now from this active investor where they had stated illiquidity. And I just wanted I know we touched on liquidity. Uh Ryan didn’t prepared remarks, but Jake, I’d love to double down on what liquidity options are available given you were just mentioning that and Jerry asked how do I sell? Um so maybe we walk through the options that we have for individual properties. I can share some performance data and then uh what we can do for funds as well. Yeah. So there’s there’s all [clears throat] of the investments on arrive have a path to be able to liquidate. The path that you take depends on what you invest in. So for the funds, the single family fund and the real estate income fund, we have what’s called a redemption program. So all you have to do is submit your request to redeem shares and then it gets batched into a queue and we process them once a quarter. When that redemption happens, it’ll happen at whatever the current share price of that fund is. So if you invest in a fund now and you you wait three years and then you decide to redeem you submit this request your your um transaction the price you sell at will be the price of the fund in three years. So I’d say this to mean that you kind of you capture the appreciation that happens. Um there is an early withdrawal penalty for redeeming before the three-year mark of 1%. After 3 years it’s 0%. So again, as far as investing, you know, for the long term in real estate, if you put money into the funds and you wait a couple of years, you can then do a redemption and take that money out with the appreciation for no penalty. Um, that redemption program is specific to just the funds. For the individual properties, we have a secondary market. And the secondary market is runs once per month, you know, generally around the first week of the month. And it’s a peer-to-peer marketplace. So it’s an opportunity where you can sell your shares to other arrived investors or you can buy shares from other arrived investors. And so because of that the price at which transactions happen on the secondary market is going to differ for everybody because like the stock market it depends on what is the market for each individual property and what prices are people willing to sell at which prices are people willing to buy at. So on the secondary market we provide all sorts of information about you know what the current yield is, what the yield is at certain list prices, what the historical trade uh amounts are, what the current order book is. You can see where other buyers and sellers are pricing their trades. And then we have an algorithm that will automatically kind of match buyers and sellers again just like the stock market. That is a little bit more complex to use and it runs a little bit more frequently. Like I said, runs monthly. So the the good news is with both of these programs, you do have the opportunity to be able to liquidate. The redemption program runs a little bit less frequently, four times per year, and the secondary market is a little bit more frequent at 12 times per year. And again, you don’t necessarily need to know any of these or need to use any of them right now. Um it’s important just to say that, you know, you have the ability to liquidate and you have the ability to sell your shares and exit the investment at any point. Um, let me know if there’s any follow-ups on how those work. Again, for for you guys right now, the the more interesting opportunity is that you can actually, you know, eventually be able to go buy shares on the secondary market and buy shares of all the past properties that we’ve had that may not be available right now. That is something that you should definitely get into after you, you know, the first couple months. Kind of dip your toes in the water, get used to arrive, understand how everything works, and then that option will become available for you. Fantastic. All right. Um, and Jerry, it looks like you’re looking to liquidate the Gerald, which is great feedback. Uh, within once you log in, you’ll go to your portfolio. From there, you should see all positions and then single family. You’ll be able to see your investment. But if you have any questions at all, always feel free to email me at supporterrive.com or use that chat function in the bottom right hand corner of your platform. Typically on online at 9:00 a.m. So, if you’ve already written in, fantastic. We will definitely get back to you uh as soon as this webinar is over. and we can figure out your dates there. So, more than happy to help. Um, and few stats on secondary market as a whole. This is as of Q2 2026. We had 474 offerings trading. So, all properties, we’ve had uh over 11K investors that have participated, 181k orders placed, and 9.7 million matched. Now that has increased since we had our secondary market uh open in August as well. So this was from earlier. Um and then we have another one co opening up on September 11th as well. And to Jake’s point, all investments across arrived are intended to be held for at least 6 months. So we do not have an option to liquidate prior to that six-month hold um for any investments on arrived and then those hold periods that Jake walked through for anticipated. But let us know if there’s any other questions on liquidity. Uh folks have their hard-earned funds and we want to make sure that you know your options when you’re choosing where to park those funds. So very much appreciate the questions. All right, moving back over to the queue here. A great one from Patrick. Very timely. Do any of these investments qualify for 1031 exchange? The investments [clears throat] you see in the Arrive platform do not, but we are actually in the middle of launching a 1031 exchange program. Um, so I’ll send you an email after this, Patrick, but the long and short is that we’ve been helping folks to, you know, sell their old property and then most importantly, we’ve been helping folks to acquire their new property and manage it for them. And the 1031s have um I’m going to keep it short because I know there’s a lot of folks that this won’t apply for on the call, but the 1031s have a ton of tax benefits. It’s just really tricky to execute because there’s some really tight IRS deadlines. We’ve got everything set up because we’re buying properties every day. Um, and so we’ve now started this program where we’re actually helping investors to facilitate a 1031 so they can exit, you know, actually actively actively managing a property but still retain equity in real estate um, and be able to kind of benefit from, you know, the cash flow and appreciation. So, I’ll shoot you an email right after this, Patrick. I’d love to just hear a little bit more about your situation and see if it might apply to you. Absolutely. Very timely. Um, and I sent over a link to our 1031 landing page if you would like to take a peek um, prior to chatting with Jake. All right. Okay, I can take this one quickly from Al. How do I withdraw money tied to my bank account to invest? Great question. So, funds actually come directly from uh your connected bank account when you invest. So, there’s no need to deposit funds into your arrived cash balance. The arrived cash balance is primarily where uh your dividends will go that uh and you can let them build up over time. You can withdraw them or you can apply them towards a new investment when you go to invest. So, let us know if there’s any questions there. But when you go to make an investment, you will see your connected bank account there as well. All right, moving back over. Ooh, a good one in here. What percentage or fee does arrive charge for providing this investment service? Great question. So, fees are going to depend a little bit on which asset you’re investing in. Within an asset class, the fees are all consistent. Um, so if you’re looking at the single family individual properties, it’s going to be the same fees for all of them, but the fees there are going to differ a little bit from the single family fund or from the real estate income fund. The there’s generally two types of fees that we charge. There’s an upfront sourcing fee. So, it’s a onetime fee that goes to us for the work in identifying and acquiring the the asset and bringing it onto the arrive platform. After that, then there’s a recurring assets under management fee, which is what we charge for all of the ongoing management, tax reporting, information provided, um, and facilitation of the investment. And that fee is generally a percentage of the the amount that you invest. Both of those fees are going to be highlighted on each individual properties page. So, if you go to the financials tab, you’ll be able to see the breakdown for that asset class. And that FAQ that CR sent has a lot of good information as well that goes into all the specific numbers and details around each specific one. But that’s generally the high level overview is there’s a larger upfront sourcing fee. It’s a onetime fee. It’s already baked into how much money we’re raising for an investment. So if you go to invest $1,000, that is going to include that sourcing fee in it. You don’t get hit with like a taxes and fees section at the end. And then that recurring assets under management fee is just paid out of the cash flow that the investments generate. So, as we, you know, collect rent from tenants and pay expenses on the property, we pay the arrived asset management fee and then what’s left gets distributed out to investors. That way, you’re not on the hook for any, you know, subscription costs. You don’t have to put more money in. If you say, “Hey, I only want to put in $100 and then that’s all I’m going to do.” You don’t you’re not on the hook to put in any more money than that. Um, I think that was all I was going to have on fees. Let me know if there’s any other specific questions. Um, I can never keep all the numbers straight these days with how many different products we have. So, that FAQ and then the financials tab on each offering page is going to be the best place to look to have all that information. Absolutely. Awesome. Thanks so much for walking through it, Jake. I can take this one quickly from Al. I don’t see any other questions in the queue, so keep them coming. Uh, we’re happy to answer any and all. Al had asked, “Does arrive have a phone number to physically talk to somebody at arrived?” It’s a great question. We pre previously offered a phone number, but it wasn’t uh manned 24/7. So, folks had longer than expected uh response times. So, the best way to reach our team is email supportive.com or use the chat function in the bottom righthand corner of our platform. And then we have these webinars once a week. It’s Tuesdays at 9:00 a.m. uh that we have existing investors jump into to have questions. But I would say in general our response times on email and chat are rather fast. For context, we do have an AI chat directly on the intercom or on our chat that’s in the bottom righth hand corner of our platform. You can ask for a human at any time and get out of them. Um I know sometimes those can be frustrating. So our goal has been to always be human first. Uh that’s just the first line of defense if there’s any questions that can come directly from our FAQ. So, let us know if there’s any other questions there, Al. Uh, happy to walk through it um and answer any others. Jake, we’re well into Q3 here. Uh, what would you say that your most exciting uh project that you’re working on right now? Um, I’m I’m working on a lot of our 1031 stuff, but I’m also really excited about the recurring investments uh feature that our team has coming up. So right now if you want to build up you know a large portfolio in you know the real estate income fund and you don’t have the capital to do it all at once it generally means you have to come back you know pretty regularly to keep putting in more money and so we’re excited about this recurring investments feature where you can set up an auto invest so that way you can just say hey I want to invest you know $100 a month and then kind of set it and forget it come back in a year or two and we’ll automatically withdraw the extra cash invest it into the fund and that’ll allow you to kind of compound your returns because you can actually start to you take the dividends that you’re earning, reinvest those to buy more shares, which of course then gets you even more dividends the next month to be able to buy more shares. So, it’s been a uh frequent request for the last couple of years, even though it’s pretty easy to go and click through to make a new investment, it does get a little tiring after you’ve done it for, you know, two, three, four years. So, it’s a um a big feature that our team’s been working hard on and we’re excited to be having that come out this fall. Absolutely. Well, Jake, you’ve been integral in building every single uh product that we’ve had on arrive today. So, your fingerprints are on each and every offering, and it’s exciting to see 1031 off the ground. Um, and now building recurring investment. I know that’s been one of the top feature requests that we’ve had from investors to date. So, very excited and looking forward to that one going live. Uh, it just adds to what we all are about and our DNA of being a passive investment. So, goes right in line with making this as easy as possible. Not getting those phone calls at 2 a.m. with a leaky toilet or a refrigerator going out. Um, just being able to let your investment work for you. Uh, one quick one from Kelsey and then I think we’ll wrap our virtual doors here unless any other questions. What’s the minimum investment? What is the minimum investment amount you can invest? The minimum in all offerings on arrived unless otherwise noted is $100. So the goal is to be as accessible as possible. The max investment per individual property is 9.8% of the equity available. That is so we intend to maintain real estate investment trust um status within those offerings. Now for the fund investments, we also mirror that max but it’s much larger given the funds are a lot larger than the individual properties. So no max in the number of properties you can invest in. Um, oftent times or like I shouldn’t say oftentimes, periodically if we have a property that is selling quickly, we will put a smaller max on that. So you could see $500 uh $500 max, $200 max, and that is just to give more folks the opportunity to invest in that property. Um, that is not extremely often. Just calling it out in case you seen that. All right, Jake, I believe you walked through returns, but um and so Kelsey, it’ll be in our um in the recording, but Jake, maybe we do could you do like a basic dollar amount, like maybe a $100 investment and what that return could look like? Um it’ll vary with funds and individual properties. Yeah, the the high level is the single family residential investments tend to have about a 4% dividend yield and then, you know, maybe about a 3 to 5% per year in appreciation, but that’s going to kind of depend on the individual property, the market you invest in. Um, and it’s not, you know, tends doesn’t tend to be very linear. So, you have some years where the market’s flat and some years where there’s a ton of appreciation. So, the single family investments end up being about kind of the seven to n% return or so per year. um with about half of that coming from dividends and about half of that coming from appreciation. The real estate income fund tends to be about 8% um and that’s all dividend. So the real estate income fund is investing in a bucket of loans. Loans don’t appreciate, you know, they just get paid back at the the their par value, you know, the the principal amount. So the the real estate income fund is only generating income, but it does generate pretty high income at about 8% per year. um that’s probably enough to kind of get you started again again the you know the um single families it that’s are kind of the averages. So there’s going to be some properties in some markets that have you know lower returns or lower dividend yields others that will have higher ones. Um that’s just kind of the the averages for the overall group if you look at all you know 500 sub properties. Fantastic. Awesome. Kelsey that said thanks for addressing my question and for the explanation Jake. So thanks for walking through it. Great question Kelsey. Um, I think we cruised through all the ones that I see today. So, keep me honest in the chat if I’ve missed any. Uh, Jake, any closing remarks before we shut our virtual doors today. That’s all I’ve got. Thanks all for coming and asking good questions and looking forward to investing with you. Absolutely. Well, Jake, thanks so much for your time as always. Uh, very much looking forward to what’s to come, what we built today. For all the folks that spent 43 minutes on your Tuesday morning and afternoon, thank you. Fantastic engagement. Uh we so appreciate having the opportunity to walk through any questions that you have and if any which typically happen uh come after this webinar you can always reach out to supportive.com. You can use our chat function in the bottom righthand corner of our platform. We’re live on all social channels. The one that’s most community based would be our Reddit. Uh but again the email and chat are best for any u questions about your account or arrived as a whole. So happy investing and I hope you all have a great rest of your day. Thanks folks. Talk to you later. I