# EDGAR Filing Document

**Accession Number:** 0001821720
**File Stem:** 0001213900-25-092406
**Filing Date:** 2025-9
**Character Count:** 894186
**Document Hash:** 85c5d37e40dc1daa7af36317ae833b99
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-092406.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001213900-25-092406

**CONFORMED SUBMISSION TYPE**: 1-SA

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Arrived Homes, LLC
- **CENTRAL INDEX KEY:** 0001821720
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE [6500]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 852046587
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-SA
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 24R-00419
- **FILM NUMBER:** 251351187

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 WESTLAKE AVE N
- **STREET 2:** SUITE 200
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98109
- **BUSINESS PHONE:** 8142774833

**MAIL ADDRESS:**
- **STREET 1:** 1 WEST MOUNTAIN STREET
- **STREET 2:** SUITE 109
- **CITY:** FAYETTEVILLE
- **STATE:** AR
- **ZIP:** 72701

**United States**

**Securities And Exchange Commission**

**Washington, D.C. 20549**

**FORM 1-SA**

**SEMIANNUAL REPORT PURSUANT TO REGULATION A**

For the fiscal semiannual period ended

**June 30, 2025**

**ARRIVED HOMES, LLC**

(Exact name of issuer as specified in its Certificate of Formation)

---

| | |
|:---|:---|
| **Delaware** | **85-2046587** |
| (State or other jurisdiction of<br> incorporation or organization) | (I.R.S. Employer<br> Identification No.) |

---

**1700 Westlake Avenue North, Suite 200**

**Seattle, WA 98109**

(Full mailing address of principal executive offices)

**814-277-4833**

(Issuer's telephone number)

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| [ITEM 1. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION](#a_001) | 1 |
| [ITEM 2. OTHER INFORMATION](#a_002) | 23 |
| [ITEM 3. FINANCIAL STATEMENTS](#a_003) | F-1 |
| [ITEM 4. EXHIBITS](#a_004) | 24 |

---

i

**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**

The information contained in this Semiannual Report on Form 1-SA (this "Form 1-SA") includes some statements that are not historical and that are considered "forward-looking statements." Such forward-looking statements include, but are not limited to, statements regarding our development plans for our business; our strategies and business outlook; anticipated development of our company, the manager, each series of our company and the Arrived Homes platform (defined below); and various other matters (including contingent liabilities and obligations and changes in accounting policies, standards and interpretations). These forward-looking statements express the manager's expectations, hopes, beliefs, and intentions regarding the future. In addition, without limiting the foregoing, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipates," "believes," "continue," "could," "estimates," "expects," "intends," "may," "might," "plans," "possible," "potential," "predicts," "projects," "seeks," "should," "will," "would" and similar expressions and variations, or comparable terminology, or the negatives of any of the foregoing, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this Form 1-SA are based on current expectations and beliefs concerning future developments that are difficult to predict. Neither our company nor the manager can guarantee future performance, or that future developments affecting our company, the manager or the Arrived platform will be as currently anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.

All forward-looking statements attributable to us are expressly qualified in their entirety by these risks and uncertainties. These risks and uncertainties, along with others, are detailed under the headings "Summary – Summary Risk Factors" and "Risk Factors" in our latest offering circular (the "Offering Circular") filed by the company with the Securities and Exchange Commission (the "Commission"), which may be accessed [here](https://www.sec.gov/Archives/edgar/data/1821720/000182172025000004/arrived-253g2.htm) and may be amended, and in our subsequent reports and offering statements filed from time to time with the Commission. Should one or more of these risks or uncertainties materialize, or should any of the parties' assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You should not place undue reliance on any forward-looking statements and should not make an investment decision based solely on these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

ii

**ITEM 1. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION**

**Overview**

Arrived Homes, LLC, a Delaware series limited liability company, was formed in July 2020 to permit public investment in individual residential properties. We believe people should have access to the wealth creation that real estate investment can provide. We believe in passive income, conservative debt, diversification, and aligned incentives.

Arrived is a marketplace for investing in real estate. We buy residential properties, divide them into multiple interests, and offer them as investments on a per interest basis through our web-based platform. Investors can manage their risk by spreading their investments across a portfolio of homes and they can invest in real estate without needing to apply for mortgages or take on personal debt.

Arrived does all of the work of sourcing, analyzing, maintaining, and managing all of the residential properties that we acquire. We analyze every property investment across several financial, market, and demographic characteristics to support our acquisition decision-making. Every investment we make is an investment in the communities in which Arrived operates, alongside other like-minded individuals. As our community network grows, so does our access to investment and housing opportunities.

Arrived arranges for a property manager to operate the properties as single-family rentals for tenants who can also invest through the same process as any other member of the Arrived Platform, becoming part owners of the homes they're staying in at that time. By investing together, we align incentives towards creating value for everyone.

Since its formation in July 2020, our company has been engaged primarily in acquiring properties for its series offerings, developing the financial, offering and other materials to facilitate fundraising, and taking the steps necessary to effectuate the series offerings and the management of the associated series properties. As of June 30, 2025, our company has acquired 241 properties.

**Risk Factors**

We face risks and uncertainties that could affect us and our business as well as the real estate industry generally. These risks are outlined under the heading "Risk Factors" beginning on page 1 in our Offering Circular which may be accessed [here](https://www.sec.gov/Archives/edgar/data/1821720/000182172025000004/arrived-253g2.htm#tocAnchor7), as the same may be updated from time to time by our future filings under Regulation A ("Regulation A") of the Securities Act of 1933 (the "Securities Act"). In addition, new risks may emerge at any time and we cannot predict such risks or estimate the extent to which they may affect our financial performance. Th ese risks could result in a decrease in the value of the membership interests in each of the series of our company.

**Emerging Growth Company**

We may elect to become a public reporting company under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). If we elect to do so, we will be required to publicly report on an ongoing basis as an emerging growth company, as defined in the JOBS Act, under the reporting rules set forth under the Exchange Act. For so long as we remain an emerging growth company, we may take advantage of certain exemptions from various reporting requirements that are applicable to other Exchange Act reporting companies that are not emerging growth companies, including, but not limited to:

● not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act;

● being permitted to comply with reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements; and

● being exempt from the requirement to hold a non-binding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act of 1933, as amended, for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We would expect to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.

We would expect to take advantage of these reporting exemptions until we are no longer an emerging growth company. We would remain an emerging growth company for up to five years, or until the earliest of (i) the last day of the first fiscal year in which our total annual gross revenues exceed $1.07 billion; (ii) the date that we become a large accelerated filer as defined in Rule 12b-2 under the Exchange Act, which would occur if the market value of our common shares that is held by non-affiliates exceeds $700 million as of the last business day of our most recently completed second fiscal quarter; or (iii) the date on which we have issued more than $1 billion in non-convertible debt during the preceding three-year period.

**Distributions**

In order to qualify as a REIT, a series must distribute annually to investors at least 90% of its REIT taxable income (computed without regard to the dividends paid deduction and excluding net capital gain), and to avoid federal income and excise taxes on retained taxable income and gains it must distribute 100% of such income and gains annually. Our manager may authorize distributions in excess of those required for us to maintain our REIT status and/or avoid such taxes on retained taxable income and gains depending on our financial condition and such other factors as our manager deems relevant.

Our company expects the manager to make distributions of any free cash flow on a monthly or other periodic basis as determined by the manager. However, the manager may change the timing of distributions in its sole discretion. Investors will be required to update their personal information on a regular basis to make sure they receive all allocated distributions. We will utilize a "mobile wallet" feature for payment of distributions (the "Arrived Homes Wallet"). The Arrived Homes Wallet will be used to allow investors to pay for subscriptions, receive distributions and reinvest distributions.

Any distributions that we make directly impacts the NAV for each of our series, by reducing the amount of our assets. Our goal is to provide a reasonably predictable and stable level of current income, through monthly or other periodic distributions, while at the same time maintaining a fair level of consistency in our NAV for each series. Over the course of your investment, your distributions plus the change in NAV per interest (either positive or negative) will produce your total return.

**Critical Accounting Policies**

Our accounting policies will conform with GAAP. The preparation of financial statements in conformity with GAAP will require us to use judgment in the application of accounting policies, including making estimates and assumptions. These judgments may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. We intend to make these estimates and assumptions in an appropriate manner and in a way that accurately reflects our financial condition. We will continually test and evaluate our estimates and assumptions using our historical knowledge of the business, as well as other factors, to ensure that they are reasonable for reporting purposes. However, actual results may differ from our estimates and assumptions.

We believe our critical accounting policies govern the significant judgments and estimates used in the preparation of our financial statements. Please refer to *Note 2, Summary of Significant Accounting Policies*, included in the financial statements, for a more thorough discussion of our accounting policies and procedures.

**Operating Results**

 ****

***Revenues***

---

| | | |
|:---|:---|:---|
| **RENTAL REVENUE** | **RENTAL REVENUE** | **RENTAL REVENUE** |
| **Series** | **June 30, <br> 2025** | **June 30, <br> 2024** |
| 100 | $13991 | $17600 |
| 101 | 18570 | 18714 |
| Abbington | 16110 | 15720 |
| Abernant | 9420 | 7144 |
| Alvin | 13920 | 13920 |
| Amber | 11897 | 10200 |
| Apollo | 6735 | 8465 |
| Aster | 9720 | 9420 |
| Augusta | 11970 | 11970 |
| Avebury | 11010 | 8450 |
| Avondale | 11970 | 11025 |
| Badminton | 13235 | 12890 |
| Ballinger | 12570 | 9848 |
| Bandelier | 12120 | 12328 |
| Baron | 18720 | 14475 |
| Basil | 9723 | 9420 |
| Bayside | 13175 | 12815 |
| Bazzel | 11070 | 10791 |
| Bedford | 13920 | 7727 |
| Bella | 11820 | 11670 |
| Belle | 15894 | 15894 |
| Belvedere | 13770 | 13770 |
| Bergenia | 9720 | 9720 |
| Blossom | 9720 | 8897 |
| Bonneau | 14280 | 13770 |
| Brainerd | 14070 | 12870 |
| Braxton | 11340 | 10920 |
| Brennan | 9520 | 8266 |
| Briarwood | 9270 | 7365 |
| Brooklyn | 5386 | 7224 |
| Burlington | 20070 | 20446 |
| Butter | 17044 | 11618 |
| Calvin | 13265 | 10770 |
| Camino | 9840 | 9605 |
| Cawley | 11634 | 13170 |
| Centennial \* |  | 12420 |
| Chaparral | 10170 | 8483 |
| Chelsea | 11850 | 11620 |
| Chester | 14070 | 13320 |
| Chickamauga | 13920 | 13920 |
| Chinook | 11970 | 11970 |
| Chitwood | 14550 | 14070 |
| Clover | 7424 | 12253 |
| Coatbridge | 12570 | 12220 |
| Collier | 13860 | 13320 |
| Collinston | 9570 | 6712 |
| Conway | 20520 | 14572 |
| Cove | 10170 | 1030 |
| Creekside | 11775 | 11520 |
| Creekwood | 11100 | 10770 |
| Cumberland | 10170 | 10170 |
| Cupcake | 9919 | 8830 |

---

---

| | | |
|:---|:---|:---|
| **RENTAL REVENUE** | **RENTAL REVENUE** | **RENTAL REVENUE** |
| **Series** | **June 30, <br> 2025** | **June 30, <br> 2024** |
| Cypress | 15240 | 14790 |
| Daisy | 10350 | 10170 |
| Davidson | 8970 | 9570 |
| Dawson | 10800 | 10470 |
| Delta | 13170 | 4481 |
| Dewberry | 8868 | 9811 |
| Diablo | 11650 | 11520 |
| Dogwood | 10500 | 9020 |
| Dolittle | 14340 | 14472 |
| Dolly | 21530 | 14223 |
| Dops | 11196 | 8275 |
| Dorchester | 10880 | 13170 |
| Dunbar | 3623 | 13615 |
| Eagle | 11335 | 10175 |
| Eastfair | 9745 | 11684 |
| Eastwood | 11975 |  |
| Elevation | 9924 | 8030 |
| Ella | 10770 | 10770 |
| Ellen | 10770 | 14619 |
| Elm | 8970 | 8535 |
| Emporia | 7306 | 14720 |
| Ensenada | 20070 | 10023 |
| Falcon | 12720 | 12145 |
| Felix | 9570 | 9570 |
| Fenwick | 10237 | 16760 |
| Fletcher | 8100 | 8340 |
| Folly | 13590 | 13470 |
| Forest | 14820 | 12982 |
| Foster | 14094 | 14094 |
| Franklin | 12870 | 12870 |
| Gardens | 9745 | 9040 |
| General | 15450 | 17380 |
| Goose | 11370 | 11940 |
| Grant | 15000 | 14781 |
| Greenhill | 15450 | 18065 |
| Gretal | 12695 | 14370 |
| Grove | 9240 | 9005 |
| Hadden | 10085 | 10300 |
| Hansard | 12461 | 13200 |
| Hansel | 12570 | 8380 |
| Hargrave | 7941 | 6008 |
| Harrison | 16920 | 16920 |
| Henry | 14680 | 5873 |
| Heritage | 12330 | 11985 |
| Heron | 12300 | 11370 |
| Highland | 2897 | 11370 |
| Hines | 9720 | 9720 |
| Hobbes | 9570 | 4200 |
| Holcomb | 10975 | 12570 |
| Holland | 9120 | 8525 |
| Hollandaise | 11370 | 6603 |
| Holloway | 15840 | 15570 |
| Inglewood | 19320 | 16238 |
| Irene | 8370 | 8370 |
| Jack | 12570 | 13966 |

---

---

| | | |
|:---|:---|:---|
| **RENTAL REVENUE** | **RENTAL REVENUE** | **RENTAL REVENUE** |
| **Series** | **June 30, <br> 2025** | **June 30, <br> 2024** |
| Jake | 17970 | 17930 |
| Jefferson | 13030 | 12870 |
| Jill | 13590 | 13170 |
| Johnny | 20965 | 16775 |
| June | 16320 | 19920 |
| Jupiter | 9450 | 6641 |
| Kawana | 10500 | 10170 |
| Kennesaw | 15400 | 15741 |
| Kenny | 19949 | 4736 |
| KerriAnn | 11933 | 6585 |
| Kessler | 8105 | 8088 |
| Kingsley | 13770 | 13570 |
| Kirkwood | 3010 | 9570 |
| Korin | 12390 | 11970 |
| Lallie | 1347 | 12828 |
| Lanier | 11620 | 12134 |
| Lannister | 8070 | 5990 |
| Latte | 9642 | 13190 |
| Lennox | 10927 | 10675 |
| Lierly | 11100 | 9883 |
| Lily | 15300 | 14370 |
| Limestone | 12796 | 7019 |
| Litton | 13920 | 12954 |
| Longwoods | 11970 | 11970 |
| Lookout | 12120 | 9600 |
| Loretta | 12405 | 19595 |
| Louis | 11370 | 11370 |
| Louise | 11833 | 12515 |
| Lovejoy | 11970 | 11820 |
| Luna | 11420 | 7543 |
| Lurleen | 5241 | 10220 |
| Madison | 8994 | 11093 |
| Mae | 13050 | 12570 |
| Magnolia | 9870 | 10772 |
| Malbec | 13770 | 13770 |
| Mammoth | 12870 | 3501 |
| Marcelo | 10590 | 10320 |
| Marie | 15270 | 14970 |
| Marietta | 13470 | 10931 |
| Marion | 11020 | 11070 |
| Marple | 6623 | 6975 |
| Martell | 11670 | 8493 |
| Mary | 12570 | 12570 |
| Matchingham | 11312 | 12824 |
| McGregor | 11790 | 10188 |
| McLovin | 18870 | 18570 |
| Meadow | 11850 | 10880 |
| Mimosa | 10615 | 8620 |
| Mojave | 10470 | 12215 |

---

---

| | | |
|:---|:---|:---|
| **RENTAL REVENUE** | **RENTAL REVENUE** | **RENTAL REVENUE** |
| **Series** | **June 30, <br> 2025** | **June 30, <br> 2024** |
| Murphy | 12120 | 9450 |
| Mycroft | 8520 | 8520 |
| Nugget | 17700 | 16970 |
| Odessa | 17670 | 17670 |
| Olive | 11520 | 11405 |
| Oly | 17970 | 14084 |
| Onyx | 11700 | 14040 |
| Oscar | 9387 | 6272 |
| Osceola | 8621 | 10170 |
| Osprey | 14310 | 14070 |
| Otoro | 11815 | 4497 |
| Palmer | 11535 | 9412 |
| Patrick | 9570 | 7980 |
| Peanut | 8700 | 7930 |
| Pearl | 3644 | 16320 |
| Pecan | 9552 | 8875 |
| Peterson | 11567 | 9570 |
| Piedmont | 14400 | 13770 |
| Pinot | 14370 | 14814 |
| Pioneer | 19320 | 13080 |
| Plumtree | 9990 | 8325 |
| Point | 12570 | 3910 |
| Porthos | 13770 | 13770 |
| Quincy | 18270 | 17230 |
| Redondo | 13470 | 13470 |
| Regency | 7727 | 13710 |
| Reginald | 11948 | 16874 |
| Reynolds | 15900 | 14970 |
| Ribbonwalk | 10476 | 12690 |
| Richardson | 9521 | 10620 |
| Richmond | 13770 | 16170 |
| Ridge | 11550 | 10565 |
| Ritter | 14970 | 11643 |
| River | 12356 | 14465 |
| Riverwalk | 16413 | 10870 |
| Rooney | 12570 | 11826 |
| Roseberry | 14433 | 14370 |
| Rosewood | 11490 | 9800 |
| Roxy | 12755 | 11970 |
| Saddlebred | 17083 | 15145 |
| Saint | 13685 | 13045 |
| Sajni | 16693 | 15120 |
| Salem | 6520 | 14528 |
| Salinas | 10600 | 10320 |
| Saturn | 11135 | 8720 |
| Scepter | 8241 | 11038 |
| Sequoyah | 11070 | 2608 |
| Shallowford | 16415 | 9480 |
| Shoreline | 14014 | 13490 |
| Sigma | 14250 | 13686 |
| Simon | 10175 | 12570 |
| Sims | 11070 | 11070 |
| Soapstone | 11400 | 12525 |

---

---

| | | |
|:---|:---|:---|
| **RENTAL REVENUE** | **RENTAL REVENUE** | **RENTAL REVENUE** |
| **Series** | **June 30, <br> 2025** | **June 30, <br> 2024** |
| Sodalis | 7206 | 10650 |
| Spencer | 14342 | 13519 |
| Splash | 10140 | 9450 |
| Spring | 10736 | 10170 |
| Stonebriar | 8640 | 8370 |
| Sugar | 12379 | 12300 |
| Summerset | 11718 | 11615 |
| Sundance | 12870 | 13470 |
| Sunnyside | 9720 | 8348 |
| Swift | 13170 | 13532 |
| Taylor | 5902 | 9780 |
| Terracotta | 8183 | 8380 |
| Theodore | 12020 | 10100 |
| Tulip | 13470 | 13420 |
| Tuscan | 14750 | 11475 |
| Tuscarora | 13210 | 14520 |
| Tuxford | 11902 | 7868 |
| Vernon | 11700 | 11478 |
| Walton | 11370 | 11220 |
| Wave | 11045 | 6336 |
| Weldon | 9217 | 8625 |
| Wellington | 15017 | 14369 |
| Wentworth | 11565 | 10830 |
| Wescott | 9720 | 9720 |
| Westchester | 12875 | 14895 |
| Wildwood | 10320 | 10320 |
| Willow | 9270 | 10569 |
| Wilson | 13650 | 13320 |
| Winchester | 12985 | 11370 |
| Windsor | 13074 | 13970 |
| Winston | 10815 | 10770 |
| Wisteria | 12870 | 11808 |
|  | $**2886311** | $**2762017** |

---

\* Arrived Homes Series Centennial, a Series of Arrived Homes, LLC was divested on October 18, 2024.

**Operating Expenses**

The Company incurred the following operating expenses during the six months ended June 30, 2025 and 2024. The operating expenses incurred prior to the closing of an offering related to any of the series are being paid by our manager and are reimbursed by such series out of the gross offering proceeds upon closing of the relevant series offering. Such operating expenses include real estate taxes, property insurance, home ownership association fees and repairs and maintenance costs. Upon closing, each series becomes responsible for its own operating expenses.

The following table summarizes the total operating expenses by series as of June 30, 2025 and 2024:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** |
| | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** |
| <br>**Series** | **Operating expenses** | **Depreciation** | **Other Operating Expenses** | **Operating expenses** | **Depreciation** | **Total expenses** |
| 100 | $11840 | $8445 | $20285 | $13210 | $8445 | $21655 |
| 101 | 10159 | 9308 | 19467 | 12604 | 8719 | 21323 |
| Abbington | 8895 | 7247 | 16142 | 10091 | 7247 | 17338 |
| Abernant | 3602 | 3124 | 6726 | 7863 | 3124 | 10987 |
| Alvin | 4917 | 4368 | 9285 | 8165 | 4368 | 12532 |
| Amber | 5252 | 4208 | 9460 | 6412 | 4208 | 10619 |
| Apollo | 4017 | 3933 | 7951 | 4538 | 2691 | 7230 |
| Aster | 5713 | 3504 | 9218 | 4887 | 3504 | 8391 |
| Augusta | 5893 | 4075 | 9968 | 5102 | 4075 | 9177 |
| Avebury | 5020 | 3995 | 9016 | 5063 | 3995 | 9058 |
| Avondale | 5877 | 4523 | 10400 | 8281 | 4523 | 12805 |
| Badminton | 7984 | 4230 | 12214 | 8223 | 4230 | 12453 |
| Ballinger | 17543 | 4108 | 21650 | 10158 | 4108 | 14265 |
| Bandelier | 5876 | 4134 | 10010 | 5326 | 4134 | 9459 |
| Baron | 12090 | 8403 | 20493 | 9990 | 8003 | 17993 |
| Basil | 4205 | 2784 | 6989 | 2882 | 2784 | 5667 |
| Bayside | 8914 | 3525 | 12439 | 8956 | 3525 | 12481 |
| Bazzel | 8551 | 3763 | 12314 | 7913 | 3763 | 11676 |
| Bedford | 12028 | 3847 | 15875 | 11276 | 3847 | 15124 |
| Bella | 5442 | 4206 | 9648 | 9013 | 4206 | 13219 |
| Belle | 10443 | 6042 | 16485 | 10492 | 6042 | 16534 |
| Belvedere | 5631 | 4051 | 9683 | 6170 | 4051 | 10221 |
| Bergenia | 4020 | 2986 | 7006 | 2738 | 4977 | 7715 |
| Blossom | 4230 | 3495 | 7725 | 8490 | 3495 | 11985 |
| Bonneau | 10683 | 5137 | 15820 | 7598 | 5137 | 12735 |
| Brainerd | 5613 | 3998 | 9612 | 5437 | 3998 | 9435 |
| Braxton | 6165 | 4452 | 10617 | 9643 | 4452 | 14094 |
| Brennan | 10324 | 3115 | 13439 | 17008 | 3115 | 20123 |
| Briarwood | 3926 | 2866 | 6793 | 5397 | 2866 | 8264 |
| Brooklyn | 6027 | 2907 | 8934 | 3083 | 2907 | 5991 |
| Burlington | 10909 | 8916 | 19825 | 11964 | 8916 | 20880 |
| Butter | 10491 | 5190 | 15680 | 15746 | 5190 | 20936 |
| Calvin | 4589 | 3245 | 7835 | 6409 | 3245 | 9655 |
| Camino | 3889 | 3644 | 7533 | 4982 | 3644 | 8626 |
| Cawley | 10434 | 4312 | 14746 | 6245 | 4312 | 10557 |
| Centennial \* |  |  |  | 4780 | 3917 | 8697 |
| Chaparral | 5385 | 2700 | 8085 | 5344 | 2700 | 8043 |
| Chelsea | 4540 | 4234 | 8774 | 4669 | 4234 | 8903 |
| Chester | 7746 | 5095 | 12841 | 7602 | 5095 | 12697 |
| Chickamauga | 6913 | 5129 | 12042 | 6868 | 5129 | 11997 |
| Chinook | 6275 | 4952 | 11227 | 6972 | 4952 | 11924 |
| Chitwood | 7233 | 5255 | 12488 | 7291 | 5255 | 12546 |
| Clover | 11027 | 4397 | 15423 | 14204 | 4397 | 18601 |
| Coatbridge | 6714 | 4526 | 11240 | 11204 | 4526 | 15730 |
| Collier | 6785 | 4879 | 11664 | 8276 | 4879 | 13155 |
| Collinston | 7070 | 2906 | 9976 | 11630 | 2906 | 14535 |
| Conway | 11984 | 9438 | 21422 | 14979 | 9438 | 24416 |
| Cove | 8587 | 2890 | 11477 | 5726 | 2890 | 8616 |
| Creekside | 5131 | 4269 | 9401 | 4929 | 4269 | 9199 |
| Creekwood | 6728 | 3972 | 10700 | 4579 | 3972 | 8550 |
| Cumberland | 5193 | 4059 | 9252 | 5722 | 4059 | 9781 |
| Cupcake | 5803 | 3275 | 9078 | 4426 | 3275 | 7701 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** |
| | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** |
| <br>**Series** | **Operating expenses** | **Depreciation** | **Other Operating Expenses** | **Operating expenses** | **Depreciation** | **Total expenses** |
| Cypress | 7500 | 5013 | 12513 | 11260 | 5013 | 16272 |
| Daisy | 4267 | 4138 | 8405 | 4182 | 4138 | 8320 |
| Davidson | 5342 | 2909 | 8252 | 3976 | 2909 | 6885 |
| Dawson | 6804 | 3617 | 10421 | 11402 | 3617 | 15019 |
| Delta | 12742 | 5526 | 18268 | 18214 | 4966 | 23181 |
| Dewberry | 6461 | 2613 | 9074 | 7658 | 2613 | 10271 |
| Diablo | 8061 | 3571 | 11631 | 7094 | 3571 | 10665 |
| Dogwood | 5984 | 3311 | 9295 | 5411 | 3311 | 8723 |
| Dolittle | 8887 | 4222 | 13108 | 9478 | 4222 | 13700 |
| Dolly | 9875 | 9475 | 19350 | 15802 | 9475 | 25278 |
| Dops | 2543 | 2809 | 5352 | 4828 | 2809 | 7636 |
| Dorchester | 21197 | 4835 | 26032 | 8076 | 4727 | 12803 |
| Dunbar | 16168 | 6591 | 22759 | 10053 | 5811 | 15865 |
| Eagle | 9067 | 3946 | 13012 | 3788 | 3946 | 7734 |
| Eastfair | 13089 | 2956 | 16045 | 10209 | 2956 | 13165 |
| Eastwood | 3903 | 4378 | 8282 | 7518 | 4378 | 11896 |
| Elevation | 6428 | 5056 | 11484 | 12138 | 5056 | 17194 |
| Ella | 7068 | 3587 | 10655 | 5794 | 3587 | 9381 |
| Ellen | 5875 | 3404 | 9279 | 4271 | 3404 | 7674 |
| Elm | 5220 | 2300 | 7520 | 6265 | 2300 | 8565 |
| Emporia | 20710 | 4833 | 25543 | 7584 | 4833 | 12417 |
| Ensenada | 11605 | 6666 | 18271 | 14081 | 6666 | 20747 |
| Falcon | 7545 | 3953 | 11499 | 3945 | 3953 | 7899 |
| Felix | 4643 | 4101 | 8744 | 3305 | 4101 | 7406 |
| Fenwick | 5060 | 4120 | 9180 | 6388 | 4120 | 10508 |
| Fletcher | 3184 | 2412 | 5596 | 3560 | 2412 | 5972 |
| Folly | 10703 | 5126 | 15829 | 7766 | 5126 | 12893 |
| Forest | 8834 | 6070 | 14905 | 13416 | 6070 | 19486 |
| Foster | 6928 | 4307 | 11235 | 5366 | 4307 | 9673 |
| Franklin | 8281 | 4623 | 12904 | 9802 | 4623 | 14425 |
| Gardens | 3775 | 3586 | 7361 | 5395 | 3586 | 8981 |
| General | 6024 | 4342 | 10366 | 9002 | 4342 | 13345 |
| Goose | 6464 | 3678 | 10142 | 4901 | 3678 | 8579 |
| Grant | 7098 | 4451 | 11549 | 7168 | 4451 | 11619 |
| Greenhill | 9016 | 4484 | 13501 | 10897 | 4484 | 15381 |
| Gretal | 7808 | 6206 | 14014 | 8131 | 6206 | 14337 |
| Grove | 6534 | 4401 | 10935 | 5780 | 4401 | 10182 |
| Hadden | 8156 | 3027 | 11182 | 7125 | 3027 | 10152 |
| Hansard | 10967 | 4170 | 15137 | 6162 | 4170 | 10331 |
| Hansel | 7392 | 5564 | 12956 | 7921 | 5564 | 13484 |
| Hargrave | 13176 | 3212 | 16388 | 10858 | 3212 | 14070 |
| Harrison | 8253 | 6296 | 14548 | 8563 | 6296 | 14859 |
| Henry | 10205 | 5912 | 16117 | 24161 | 5912 | 30073 |
| Heritage | 7429 | 4506 | 11935 | 7519 | 4506 | 12025 |
| Heron | 11102 | 4474 | 15576 | 9097 | 4474 | 13570 |
| Highland | 10445 | 3942 | 14387 | 5115 | 3942 | 9057 |
| Hines | 5718 | 4405 | 10123 | 5932 | 4405 | 10337 |
| Hobbes | 3976 | 3216 | 7192 | 8745 | 3216 | 11961 |
| Holcomb | 8245 | 4877 | 13122 | 6976 | 4877 | 11853 |
| Holland | 6560 | 2909 | 9469 | 4829 | 2909 | 7738 |
| Hollandaise | 6584 | 5028 | 11612 | 20171 | 5028 | 25199 |
| Holloway | 9113 | 4672 | 13785 | 9638 | 4672 | 14310 |
| Inglewood | 10915 | 9361 | 20275 | 13731 | 9361 | 23091 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** |
| | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** |
| <br>**Series** | **Operating expenses** | **Depreciation** | **Other Operating Expenses** | **Operating expenses** | **Depreciation** | **Total expenses** |
| Irene | 3190 | 2412 | 5602 | 2545 | 2412 | 4957 |
| Jack | 7243 | 6377 | 13620 | 6165 | 6377 | 12542 |
| Jake | 12944 | 8093 | 21037 | 11162 | 8093 | 19255 |
| Jefferson | 5359 | 3777 | 9137 | 4839 | 3777 | 8616 |
| Jill | 5551 | 5492 | 11042 | 6396 | 5492 | 11888 |
| Johnny | 10663 | 8047 | 18710 | 11442 | 8047 | 19489 |
| June | 12237 | 8047 | 20284 | 11776 | 8047 | 19823 |
| Jupiter | 4455 | 2906 | 7361 | 5442 | 2906 | 8348 |
| Kawana | 4419 | 3786 | 8205 | 5213 | 3786 | 8999 |
| Kennesaw | 9347 | 5836 | 15184 | 11674 | 5836 | 17510 |
| Kenny | 9191 | 9475 | 18666 | 13638 | 9475 | 23114 |
| KerriAnn | 9840 | 4686 | 14525 | 13501 | 4686 | 18187 |
| Kessler | 7976 | 4106 | 12082 | 6563 | 4106 | 10669 |
| Kingsley | 9560 | 4290 | 13850 | 12112 | 4290 | 16402 |
| Kirkwood | 7384 | 4299 | 11683 | 5274 | 3592 | 8866 |
| Korin | 4915 | 3823 | 8738 | 5019 | 3823 | 8842 |
| Lallie | 18469 | 6202 | 24671 | 13685 | 6202 | 19887 |
| Lanier | 8639 | 5706 | 14345 | 11783 | 5706 | 17489 |
| Lannister | 4080 | 3027 | 7106 | 3922 | 3027 | 6948 |
| Latte | 18656 | 5011 | 23667 | 7559 | 5011 | 12570 |
| Lennox | 4033 | 2978 | 7010 | 6950 | 2978 | 9928 |
| Lierly | 4886 | 2932 | 7818 | 6067 | 2932 | 8999 |
| Lily | 14927 | 7493 | 22419 | 7946 | 7493 | 15439 |
| Limestone | 9380 | 4023 | 13403 | 19434 | 4023 | 23457 |
| Litton | 5369 | 4413 | 9782 | 5626 | 4413 | 10039 |
| Longwoods | 7675 | 3702 | 11377 | 9351 | 3702 | 13053 |
| Lookout | 6945 | 4741 | 11687 | 7499 | 4741 | 12241 |
| Loretta | 10414 | 9431 | 19845 | 12219 | 9431 | 21650 |
| Louis | 6822 | 3701 | 10523 | 4254 | 3701 | 7954 |
| Louise | 5021 | 3789 | 8810 | 11965 | 3789 | 15754 |
| Lovejoy | 6576 | 4044 | 10620 | 7412 | 4044 | 11456 |
| Luna | 6525 | 2956 | 9481 | 8820 | 2956 | 11776 |
| Lurleen | 8476 | 4048 | 12524 | 5475 | 2141 | 7616 |
| Madison | 4684 | 2828 | 7512 | 5668 | 2828 | 8496 |
| Mae | 8157 | 4864 | 13021 | 6102 | 4864 | 10966 |
| Magnolia | 6240 | 4154 | 10394 | 5882 | 4154 | 10036 |
| Malbec | 6913 | 4388 | 11301 | 8191 | 4388 | 12579 |
| Mammoth | 8862 | 4686 | 13548 | 21301 | 4686 | 25986 |
| Marcelo | 4605 | 3911 | 8516 | 4575 | 3911 | 8486 |
| Marie | 5559 | 4397 | 9956 | 5503 | 4397 | 9900 |
| Marietta | 11667 | 4158 | 15825 | 10389 | 4158 | 14546 |
| Marion | 6376 | 4612 | 10988 | 9772 | 4427 | 14199 |
| Marple | 4783 | 2412 | 7195 | 3471 | 2412 | 5883 |
| Martell | 6226 | 3572 | 9798 | 12491 | 3572 | 16063 |
| Mary | 5592 | 3732 | 9324 | 4674 | 3732 | 8406 |
| Matchingham | 10053 | 2913 | 12965 | 9763 | 2913 | 12676 |
| McGregor | 8872 | 4132 | 13004 | 7841 | 4132 | 11973 |
| McLovin | 11532 | 6931 | 18464 | 10055 | 6219 | 16274 |
| Meadow | 7011 | 4410 | 11421 | 5214 | 4410 | 9624 |
| Mimosa | 5403 | 2954 | 8357 | 4364 | 2954 | 7318 |
| Mojave | 5438 | 3525 | 8962 | 4689 | 3525 | 8214 |
| Murphy | 7337 | 4085 | 11423 | 12130 | 4085 | 16215 |
| Mycroft | 3948 | 2466 | 6414 | 2964 | 2466 | 5430 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** |
| | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** |
| <br>**Series** | **Operating expenses** | **Depreciation** | **Other Operating Expenses** | **Operating expenses** | **Depreciation** | **Total expenses** |
| Nugget | 11558 | 7694 | 19252 | 9522 | 7694 | 17216 |
| Odessa | 12193 | 7332 | 19525 | 9126 | 7332 | 16458 |
| Olive | 9017 | 3689 | 12706 | 9503 | 3689 | 13192 |
| Oly | 9061 | 6265 | 15326 | 9707 | 6265 | 15972 |
| Onyx | 6172 | 6008 | 12180 | 8155 | 6008 | 14164 |
| Oscar | 5654 | 4018 | 9672 | (341) | 4018 | 3677 |
| Osceola | 14935 | 3850 | 18786 | 7732 | 3850 | 11582 |
| Osprey | 10730 | 5490 | 16220 | 8268 | 5490 | 13758 |
| Otoro | 10133 | 6084 | 16217 | 18737 | 6084 | 24822 |
| Palmer | 9395 | 4586 | 13981 | 8899 | 4586 | 13485 |
| Patrick | 4735 | 3518 | 8253 | 5837 | 3518 | 9355 |
| Peanut | 5131 | 2964 | 8095 | 3355 | 2964 | 6319 |
| Pearl | 16798 | 7498 | 24297 | 11767 | 7498 | 19265 |
| Pecan | 6533 | 2863 | 9395 | 4218 | 2863 | 7081 |
| Peterson | 6292 | 3104 | 9396 | 3536 | 3104 | 6640 |
| Piedmont | 10544 | 5272 | 15815 | 8804 | 5272 | 14076 |
| Pinot | 8898 | 4429 | 13327 | 8330 | 4429 | 12760 |
| Pioneer | 10465 | 8117 | 18582 | 10413 | 8117 | 18530 |
| Plumtree | 7911 | 2768 | 10679 | 4121 | 2768 | 6888 |
| Point | 8881 | 5250 | 14131 | 11504 | 5250 | 16754 |
| Porthos | 8799 | 4148 | 12947 | 8695 | 4148 | 12843 |
| Quincy | 14540 | 7515 | 22054 | 10442 | 7515 | 17957 |
| Redondo | 8004 | 4308 | 12312 | 6165 | 4308 | 10473 |
| Regency | 23807 | 4437 | 28244 | 7062 | 3793 | 10855 |
| Reginald | 19234 | 8770 | 28004 | 11205 | 6815 | 18020 |
| Reynolds | 8901 | 5905 | 14806 | 8584 | 5905 | 14489 |
| Ribbonwalk | 13042 | 4395 | 17438 | 8300 | 4395 | 12695 |
| Richardson | 5844 | 4321 | 10165 | 4278 | 4321 | 8599 |
| Richmond | 6229 | 5232 | 11461 | 12638 | 5232 | 17870 |
| Ridge | 7243 | 2992 | 10235 | 7291 | 2992 | 10282 |
| Ritter | 9783 | 6932 | 16716 | 16210 | 6932 | 23143 |
| River | 7014 | 3662 | 10676 | 6647 | 3662 | 10308 |
| Riverwalk | 12222 | 5427 | 17650 | 11318 | 5427 | 16745 |
| Rooney | 6464 | 4422 | 10886 | 5583 | 4422 | 10005 |
| Roseberry | 12354 | 4513 | 16866 | 7546 | 4513 | 12059 |
| Rosewood | 4783 | 3719 | 8502 | 5070 | 3719 | 8789 |
| Roxy | 7065 | 4479 | 11544 | 7173 | 4479 | 11652 |
| Saddlebred | 15892 | 7639 | 23531 | 7721 | 7639 | 15360 |
| Saint | 5047 | 3791 | 8838 | 5174 | 3791 | 8965 |
| Sajni | 16517 | 6435 | 22953 | 9722 | 5539 | 15261 |
| Salem | 9577 | 4387 | 13964 | 9001 | 4387 | 13389 |
| Salinas | 6206 | 4039 | 10244 | 3978 | 4039 | 8017 |
| Saturn | 8115 | 3632 | 11747 | 3737 | 3632 | 7369 |
| Scepter | 6504 | 3238 | 9741 | 5453 | 3238 | 8690 |
| Sequoyah | 5298 | 3905 | 9203 | 12567 | 3401 | 15968 |
| Shallowford | 7801 | 4958 | 12759 | 8337 | 4958 | 13296 |
| Shoreline | 6945 | 4260 | 11205 | 7934 | 4260 | 12194 |
| Sigma | 8534 | 5240 | 13774 | 8531 | 5240 | 13771 |
| Simon | 6543 | 3976 | 10519 | 4677 | 3976 | 8653 |
| Sims | 5645 | 3749 | 9394 | 5927 | 3749 | 9676 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** | **OPERATIONAL EXPENSES** |
| | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** |
| <br>**Series** | **Operating expenses** | **Depreciation** | **Other Operating Expenses** | **Operating expenses** | **Depreciation** | **Total expenses** |
| Soapstone | 4458 | 4118 | 8576 | 4673 | 3000 | 7673 |
| Sodalis | 22997 | 3980 | 26977 | 8531 | 3980 | 12511 |
| Spencer | 7979 | 4157 | 12136 | 7741 | 4157 | 11898 |
| Splash | 4564 | 2978 | 7541 | 4826 | 2978 | 7804 |
| Spring | 9979 | 3401 | 13380 | 11221 | 3401 | 14622 |
| Stonebriar | 4540 | 2787 | 7327 | 6430 | 2787 | 9217 |
| Sugar | 9514 | 4279 | 13793 | 8703 | 4279 | 12982 |
| Summerset | 6798 | 5058 | 11855 | 6440 | 5058 | 11497 |
| Sundance | 6443 | 5102 | 11546 | 7233 | 5102 | 12336 |
| Sunnyside | 3936 | 3039 | 6975 | 5069 | 3039 | 8108 |
| Swift | 7541 | 5287 | 12829 | 7550 | 5287 | 12837 |
| Taylor | 7866 | 3689 | 11555 | 9653 | 3689 | 13342 |
| Terracotta | 9894 | 3787 | 13680 | 6502 | 3787 | 10289 |
| Theodore | 6162 | 3947 | 10109 | 5269 | 3947 | 9216 |
| Tulip | 7401 | 4363 | 11764 | 5582 | 4363 | 9945 |
| Tuscan | 7956 | 4439 | 12395 | 7303 | 4439 | 11742 |
| Tuscarora | 8433 | 4591 | 13024 | 6172 | 4591 | 10763 |
| Tuxford | 10486 | 3601 | 14088 | 12197 | 3601 | 15798 |
| Vernon | 7930 | 3619 | 11549 | 8916 | 3619 | 12535 |
| Walton | 8568 | 4123 | 12691 | 3601 | 4123 | 7724 |
| Wave | 8801 | 4596 | 13397 | 24413 | 4596 | 29009 |
| Weldon | 7243 | 2906 | 10149 | 4431 | 2906 | 7337 |
| Wellington | 9020 | 6241 | 15261 | 8591 | 6241 | 14832 |
| Wentworth | 5091 | 3417 | 8507 | 4603 | 3417 | 8020 |
| Wescott | 6611 | 3765 | 10376 | 13972 | 3765 | 17737 |
| Westchester | 11727 | 4687 | 16414 | 13729 | 4687 | 18416 |
| Wildwood | 4812 | 3031 | 7844 | 5415 | 3031 | 8446 |
| Willow | 5479 | 4020 | 9499 | 3933 | 4020 | 7954 |
| Wilson | 8292 | 5861 | 14153 | 7512 | 5861 | 13373 |
| Winchester | 7033 | 4209 | 11242 | 6640 | 4209 | 10849 |
| Windsor | 17027 | 4809 | 21836 | 8808 | 4809 | 13617 |
| Winston | 6790 | 4519 | 11309 | 5090 | 4519 | 9609 |
| Wisteria | 6209 | 4867 | 11077 | 7494 | 4867 | 12361 |
|  | $**1960225** | $**1094523** | $**3054748** | $**1955178** | $**1088121** | $**3043299** |

---

\* Arrived Homes Series Centennial, a Series of Arrived Homes, LLC was divested on October 18, 2024.

***Other Expenses***

As of June 30, 2025 and 2024, each certain incurred interest expenses, including mortgage interest and amortization of loan fees. The following table summarizes the total of such expenses incurred by each series for the six months ended June 30, 2025 and 2024.

---

| | | |
|:---|:---|:---|
| **OTHER EXPENSES (INCOME)** | **OTHER EXPENSES (INCOME)** | **OTHER EXPENSES (INCOME)** |
| **Series** | **June 30, <br> 2025** | **June 30, <br> 2024** |
| 100 | $- | $- |
| 101 |  |  |
| Abbington |  |  |
| Abernant |  |  |
| Alvin |  |  |
| Amber | 3929 | 3929 |
| Apollo | 3897 | 3897 |
| Aster | 4278 | 4416 |
| Augusta |  |  |
| Avebury | 4005 | 3971 |
| Avondale |  |  |
| Badminton | 4070 | 4070 |
| Ballinger | (5900) |  |
| Bandelier | 4789 | 4789 |
| Baron |  |  |
| Basil | 3078 | 3078 |
| Bayside | 3873 | 3873 |
| Bazzel |  |  |
| Bedford | 3824 | 3785 |
| Bella |  |  |
| Belle |  |  |
| Belvedere |  |  |
| Bergenia |  |  |
| Blossom |  |  |
| Bonneau |  |  |
| Brainerd | 4677 | 5396 |
| Braxton |  |  |
| Brennan | 4495 | 4495 |
| Briarwood |  |  |
| Brooklyn | 2677 | 3089 |
| Burlington |  |  |
| Butter | 5130 | 5129 |
| Calvin |  |  |
| Camino |  |  |
| Cawley |  |  |
| Centennial \* |  | 4438 |
| Chaparral | 2136 | 2200 |
| Chelsea | 4215 | 4215 |
| Chester | 6236 | 6422 |
| Chickamauga |  |  |
| Chinook |  |  |
| Chitwood |  |  |
| Clover |  |  |
| Coatbridge | 4100 | 4100 |
| Collier |  |  |
| Collinston | 2674 | 2674 |
| Conway |  |  |
| Cove |  |  |
| Creekside |  |  |

---

---

| | | |
|:---|:---|:---|
| **OTHER EXPENSES (INCOME)** | **OTHER EXPENSES (INCOME)** | **OTHER EXPENSES (INCOME)** |
| **Series** | **June 30, <br> 2025** | **June 30, <br> 2024** |
| Creekwood | 4856 | 5008 |
| Cumberland |  |  |
| Cupcake | 3017 | 2981 |
| Cypress | 6105 | 6253 |
| Daisy |  |  |
| Davidson | 2879 | 2879 |
| Dawson | 3419 | 3419 |
| Delta | 4435 | 4435 |
| Dewberry | 2835 | 2836 |
| Diablo | 4067 | 4067 |
| Dogwood |  |  |
| Dolittle | 4060 | 4060 |
| Dolly |  |  |
| Dops |  |  |
| Dorchester |  |  |
| Dunbar |  |  |
| Eagle | 4529 | 4529 |
| Eastfair | 3505 | 3505 |
| Eastwood |  |  |
| Elevation | 4017 | 4017 |
| Ella |  |  |
| Ellen |  |  |
| Elm | 2506 | 2506 |
| Emporia | 4790 | 4790 |
| Ensenada | 7656 | 7656 |
| Falcon | 4529 | 4529 |
| Felix |  |  |
| Fenwick |  |  |
| Fletcher |  |  |
| Folly |  |  |
| Forest | 5302 | 5302 |
| Foster |  |  |
| Franklin |  |  |
| Gardens | 3271 | 3271 |
| General |  |  |
| Goose | 4220 | 4220 |
| Grant | 5063 | 5063 |
| Greenhill | 4454 | 4454 |
| Gretal |  |  |
| Grove | 3773 | 3773 |
| Hadden | 2811 | 2811 |
| Hansard |  |  |
| Hansel | 6771 | 6771 |
| Hargrave |  |  |
| Harrison | 7708 | 7931 |
| Henry |  |  |
| Heritage | 4859 | 4859 |
| Heron | 4809 | 4809 |
| Highland |  |  |
| Hines |  |  |
| Hobbes |  |  |
| Holcomb |  |  |
| Holland | 2879 | 2879 |
| Hollandaise | 4995 | 4995 |
| Holloway | 5160 | 5160 |
| Inglewood |  |  |

---

---

| | | |
|:---|:---|:---|
| **OTHER EXPENSES (INCOME)** | **OTHER EXPENSES (INCOME)** | **OTHER EXPENSES (INCOME)** |
| **Series** | **June 30, <br> 2025** | **June 30, <br> 2024** |
| Irene |  |  |
| Jack | 6384 | 6384 |
| Jake |  |  |
| Jefferson |  |  |
| Jill | 6748 | 6947 |
| Johnny |  |  |
| June |  |  |
| Jupiter | 3262 | 3262 |
| Kawana | 3766 | 3766 |
| Kennesaw |  |  |
| Kenny |  |  |
| KerriAnn | 4655 | 4655 |
| Kessler | 4312 | 4423 |
| Kingsley | 5020 | 5020 |
| Kirkwood | 4358 | 4358 |
| Korin |  |  |
| Lallie | 5614 | 5614 |
| Lanier | 6313 | 6313 |
| Lannister | 3588 | 3588 |
| Latte |  |  |
| Lennox | 3267 | 3267 |
| Lierly | 2683 | 2762 |
| Lily | 6087 | 6087 |
| Limestone | 3971 | 3971 |
| Litton | 5159 | 5952 |
| Longwoods |  |  |
| Lookout |  |  |
| Loretta |  |  |
| Louis |  |  |
| Louise | 4017 | 4017 |
| Lovejoy | 4012 | 4012 |
| Luna | 3506 | 3506 |
| Lurleen | 4120 | 4761 |
| Madison | 3122 | 3122 |
| Mae |  |  |
| Magnolia | 4993 | 4993 |
| Malbec | 4891 | 4891 |
| Mammoth | 5695 | 5695 |
| Marcelo |  |  |
| Marie |  |  |
| Marietta | 5102 | 5260 |
| Marion |  |  |
| Marple |  |  |
| Martell |  |  |
| Mary |  |  |
| Matchingham | 2867 | 2867 |
| McGregor |  |  |
| McLovin | 7179 | 7179 |
| Meadow | 4203 | 4203 |
| Mimosa | 3829 | 4423 |
| Mojave | 3240 | 3240 |
| Murphy | 4054 | 4053 |
| Mycroft |  |  |
| Nugget |  |  |

---

---

| | | |
|:---|:---|:---|
| **OTHER EXPENSES (INCOME)** | **OTHER EXPENSES (INCOME)** | **OTHER EXPENSES (INCOME)** |
| **Series** | **June 30, <br> 2025** | **June 30, <br> 2024** |
| Odessa | 7315 | 7315 |
| Olive | 2950 | 2950 |
| Oly | 7192 | 7191 |
| Onyx |  |  |
| Oscar |  |  |
| Osceola |  |  |
| Osprey |  |  |
| Otoro | 5363 | 5363 |
| Palmer |  |  |
| Patrick | 2201 | 2235 |
| Peanut | 3522 | 3522 |
| Pearl |  |  |
| Pecan | 2294 | 2329 |
| Peterson |  |  |
| Piedmont | 6453 | 6645 |
| Pinot | 4941 | 4941 |
| Pioneer |  |  |
| Plumtree | 2275 | 2342 |
| Point | 6405 | 6405 |
| Porthos |  |  |
| Quincy |  |  |
| Redondo | 5610 | 6480 |
| Regency | (10041) | 5951 |
| Reginald |  |  |
| Reynolds |  |  |
| Ribbonwalk | 4380 | 4380 |
| Richardson |  |  |
| Richmond |  |  |
| Ridge | 3283 | 3283 |
| Ritter |  |  |
| River | 4017 | 4017 |
| Riverwalk |  |  |
| Rooney | 5063 | 5063 |
| Roseberry | 4924 | 4924 |
| Rosewood | 4525 | 4525 |
| Roxy | 5277 | 5277 |
| Saddlebred | 6496 | 6496 |
| Saint | 4146 | 4146 |
| Sajni | (4456) |  |
| Salem | 4983 | 4983 |
| Salinas |  |  |
| Saturn | 3262 | 3262 |
| Scepter | 3698 | 3698 |
| Sequoyah | 3998 | 4613 |
| Shallowford | 6068 | 6251 |
| Shoreline | 4936 | 4877 |
| Sigma | 5268 | 5268 |
| Simon |  |  |
| Sims |  |  |

---

---

| | | |
|:---|:---|:---|
| **OTHER EXPENSES (INCOME)** | **OTHER EXPENSES (INCOME)** | **OTHER EXPENSES (INCOME)** |
| **Series** | **June 30, <br> 2025** | **June 30, <br> 2024** |
| Soapstone | 2605 | 2704 |
| Sodalis | (8220) |  |
| Spencer | 4554 | 4554 |
| Splash | 2475 | 2637 |
| Spring |  |  |
| Stonebriar | 3221 | 3221 |
| Sugar | 4706 | 4706 |
| Summerset | 3873 | 3873 |
| Sundance | 5610 | 6480 |
| Sunnyside |  |  |
| Swift |  |  |
| Taylor | 3860 | 3987 |
| Terracotta | 4353 | 4353 |
| Theodore |  |  |
| Tulip | 5310 | 5310 |
| Tuscan | 3664 | 3839 |
| Tuscarora |  |  |
| Tuxford | 3493 | 3493 |
| Vernon | 3558 | 3557 |
| Walton |  |  |
| Wave | 4380 | 4380 |
| Weldon | 2674 | 2674 |
| Wellington |  |  |
| Wentworth | 3126 | 3125 |
| Wescott | 4145 | 4145 |
| Westchester | 4645 | 4645 |
| Wildwood | 3074 | 3074 |
| Willow |  |  |
| Wilson |  |  |
| Winchester |  |  |
| Windsor | 5311 | 5311 |
| Winston |  |  |
| Wisteria | 4966 | 4966 |
|  | $**531217** | $**578090** |

---

\* Arrived Homes Series Centennial, a Series of Arrived Homes, LLC was divested on October 18, 2024.

**Liquidity and Capital Resources**

From inception, our manager has financed the business activities of each series. Upon the first closing of a particular series offering, the manager is reimbursed out of the proceeds of the relevant offering. Until such time as the series have the capacity to generate cash flows from operations, our manager may cover any deficits through capital contributions, which may be reimbursed upon closing of the relevant offering.

***Cash and Cash Equivalent Balances***

Cash is held at the series level. Any material differences in cash balances are the result of cash received from net proceeds from operations, financing received from the issuance of membership interests from each series, and receipts and/or repayments of amounts due to related parties.

The following table summarizes the cash and cash equivalents by series as of June 30, 2025 and 2024:

---

| | | |
|:---|:---|:---|
| **Cash and Cash Equivalents** | **Cash and Cash Equivalents** | **Cash and Cash Equivalents** |
| **Series** | **June 30, <br> 2025** | **June 30, <br> 2024** |
| 100 | $11741 | $20703 |
| 101 | 21424 | 20723 |
| Abbington | 7891 | 9185 |
| Abernant | 13440 | 16001 |
| Alvin | 24026 | 28452 |
| Amber | 4947 | 4992 |
| Apollo | 2145 | 908 |
| Aster | 5384 | 6584 |
| Augusta | 20933 | 25698 |
| Avebury | 4638 | 2123 |
| Avondale | 8925 | 15764 |
| Badminton | 5000 | 4793 |
| Ballinger | 6081 | 15295 |
| Bandelier | 7256 | 19035 |
| Baron | 6932 | 19609 |
| Basil | 7540 | 6417 |
| Bayside | 4309 | 3918 |
| Bazzel | 6828 | 13445 |
| Bedford | 4624 | 9531 |
| Bella | 2482 | 5134 |
| Belle | 12496 | 12741 |
| Belvedere | 18346 |  |
| Bergenia | 15582 | 19700 |
| Blossom | 8897 | 14309 |
| Bonneau | 9140 | 1646 |
| Brainerd | 17883 | 18592 |
| Braxton | 8224 | 9058 |
| Brennan | 1439 | 1909 |
| Briarwood | 13462 | 17835 |
| Brooklyn | 3082 | 4537 |
| Burlington | 26116 | 9899 |
| Butter | 6783 | 2032 |
| Calvin | 17661 | 22838 |
| Camino | 8462 | 17055 |
| Cawley | 14245 | 22655 |
| Centennial \* |  | 10962 |
| Chaparral | 11873 | 14136 |
| Chelsea | 9366 | 10843 |
| Chester | 9920 | 15608 |
| Chickamauga | 15780 | 19762 |
| Chinook | 10473 | 4760 |
| Chitwood | 11308 | 16610 |
| Clover | 13993 | 1549 |
| Coatbridge | 3311 | 4263 |
| Collier | 3901 | 448 |
| Collinston | 15666 | 1725 |
| Conway | 9894 | 11536 |
| Cove | 6137 | 4412 |
| Creekside | 11645 | 15939 |
| Creekwood | 6799 | 13633 |
| Cumberland | 8206 | 19099 |
| Cupcake | 8609 | 14523 |

---

---

| | | |
|:---|:---|:---|
| **Cash and Cash Equivalents** | **Cash and Cash Equivalents** | **Cash and Cash Equivalents** |
| **Series** | **June 30, <br> 2025** | **June 30, <br> 2024** |
| Cypress | 2554 | 4268 |
| Daisy | 6166 | 14944 |
| Davidson | 3209 | 5581 |
| Dawson | 3386 | 2881 |
| Delta | 5934 | 1328 |
| Dewberry | 3346 | 4629 |
| Diablo | 4351 | 6556 |
| Dogwood | 9043 | 13283 |
| Dolittle | 5296 | 508 |
| Dolly | 3727 | 5931 |
| Dops | 7538 | 9006 |
| Dorchester | 2231 | 2532 |
| Dunbar | 34374 | 14609 |
| Eagle | 12758 | 20805 |
| Eastfair | 2646 | 3549 |
| Eastwood | 12445 | 15245 |
| Elevation | 2427 | 2061 |
| Ella | 4527 | 6994 |
| Ellen | 19921 | 24230 |
| Elm | 4066 | 2563 |
| Emporia | 29549 | 4297 |
| Ensenada | 23445 | 10697 |
| Falcon | 8689 | 17280 |
| Felix | 8314 | 10729 |
| Fenwick | 11898 | 19938 |
| Fletcher | 18568 | 18220 |
| Folly | 6995 | 16282 |
| Forest | 7360 | 3387 |
| Foster | 18080 | 28430 |
| Franklin | 13970 | 13068 |
| Gardens | 5041 | 2542 |
| General | 9800 | 12941 |
| Goose | 8859 | 14339 |
| Grant | 7429 | 9655 |
| Greenhill | 5937 | 3654 |
| Gretal | 13247 | 18240 |
| Grove | 3258 | 3720 |
| Hadden | 3762 | 6809 |
| Hansard | 14572 | 20615 |
| Hansel | 19436 | 7813 |
| Hargrave | 4025 | 17392 |
| Harrison | 14220 | 19360 |
| Henry | 10538 | 455 |
| Heritage | 8007 | 19502 |
| Heron | 4352 | 1099 |
| Highland | 1075 | 4233 |
| Hines | 5662 | 2993 |
| Hobbes | 7982 | 16261 |
| Holcomb | 15373 | 17374 |
| Holland | 3663 | 2501 |
| Hollandaise | 5653 | 2926 |
| Holloway | 4699 | 7337 |
| Inglewood | 7255 | 8005 |

---

---

| | | |
|:---|:---|:---|
| **Cash and Cash Equivalents** | **Cash and Cash Equivalents** | **Cash and Cash Equivalents** |
| **Series** | **June 30, <br> 2025** | **June 30, <br> 2024** |
| Irene | 16445 | 19965 |
| Jack | 20549 | 4202 |
| Jake | 31009 | 10949 |
| Jefferson | 14810 | 18399 |
| Jill | 8048 | 11613 |
| Johnny | 27298 | 42500 |
| June | 6470 | 31022 |
| Jupiter | 8214 | 1809 |
| Kawana | 9922 | 12409 |
| Kennesaw | 10568 | 16109 |
| Kenny | 17537 | 8376 |
| KerriAnn | 3056 | 741 |
| Kessler | 18019 | 3532 |
| Kingsley | 5926 | 5351 |
| Kirkwood | 1211 | 493 |
| Korin | 16187 | 19720 |
| Lallie | 2470 | 4604 |
| Lanier | 3071 | 5838 |
| Lannister | 1669 | 2817 |
| Latte | 10183 | 15000 |
| Lennox | 3976 | 4980 |
| Lierly | 15035 | 17807 |
| Lily | 3546 | 10076 |
| Limestone | 5001 | 1996 |
| Litton | 13148 | 23688 |
| Longwoods | 10619 | 16523 |
| Lookout | 10350 | 8233 |
| Loretta | 14250 | 11318 |
| Louis | 16644 | 22815 |
| Louise | 5843 | 3036 |
| Lovejoy | 4311 | 3866 |
| Luna | 4068 | 4022 |
| Lurleen | 31 | 4445 |
| Madison | 6471 | 5143 |
| Mae | 6919 | 10695 |
| Magnolia | 6103 | 21450 |
| Malbec | 6412 | 8540 |
| Mammoth | 4385 | 858 |
| Marcelo | 8730 | 11473 |
| Marie | 18149 | 22989 |
| Marietta | 2786 | 4533 |
| Marion | 7591 | 1584 |
| Marple | 3895 | 15930 |
| Martell | 7620 | 1704 |
| Mary | 13841 | 18349 |
| Matchingham | 2530 | 6183 |
| McGregor | 4832 | 6131 |
| McLovin | 16374 | 2381 |
| Meadow | 4726 | 8762 |
| Mimosa | 5824 | 8848 |
| Mojave | 18076 | 3204 |
| Murphy | 4240 | 3655 |
| Mycroft | 12187 | 16142 |

---

---

| | | |
|:---|:---|:---|
| **Cash and Cash Equivalents** | **Cash and Cash Equivalents** | **Cash and Cash Equivalents** |
| **Series** | **June 30, <br> 2025** | **June 30, <br> 2024** |
| Nugget | 4377 | 9267 |
| Odessa | 20388 | 5678 |
| Olive | 3570 | 3723 |
| Oly | 9682 | 7885 |
| Onyx | 7873 | 6619 |
| Oscar | 4876 | 7263 |
| Osceola | 7304 | 7054 |
| Osprey | 7028 | 12737 |
| Otoro | 2462 | 1253 |
| Palmer | 5163 | 11280 |
| Patrick | 8301 | 7225 |
| Peanut | 4728 | 7204 |
| Pearl | 1548 | 5602 |
| Pecan | 15191 | 17193 |
| Peterson | 17784 | 21133 |
| Piedmont | 6948 | 14919 |
| Pinot | 6670 | 11005 |
| Pioneer | 23397 | 6382 |
| Plumtree | 8967 | 18527 |
| Point | 18221 | 1303 |
| Porthos | 12565 | 19433 |
| Quincy | 21486 | 17681 |
| Redondo | 15511 | 7915 |
| Regency | 2182 | 19727 |
| Reginald | 20801 | 15668 |
| Reynolds | 19247 | 22451 |
| Ribbonwalk | 2021 | 11672 |
| Richardson | 14086 | 17795 |
| Richmond | 16421 | 28039 |
| Ridge | 4266 | 2945 |
| Ritter | 9689 | 6811 |
| River | 6852 | 5682 |
| Riverwalk | 13970 | 14667 |
| Rooney | 6790 | 9748 |
| Roseberry | 3130 | 2519 |
| Rosewood | 7750 | 764 |
| Roxy | 6560 | 6970 |
| Saddlebred | 3702 | 13484 |
| Saint | 12626 | 14086 |
| Sajni | 70064 | 268 |
| Salem | 2886 | 6133 |
| Salinas | 7216 | 8913 |
| Saturn | 2294 | 8775 |
| Scepter | 17220 | 2173 |
| Sequoyah | 6587 |  |
| Shallowford | 6639 |  |
| Shoreline | 6976 | 1468 |
| Sigma | 9161 | 371 |
| Simon | 16190 | 2600 |
| Sims | 13096 | 937 |
| Soapstone | 11187 | 1152 |
| Sodalis | 1494 | 1846 |

---

---

| | | |
|:---|:---|:---|
| **Cash and Cash Equivalents** | **Cash and Cash Equivalents** | **Cash and Cash Equivalents** |
| **Series** | **June 30, <br> 2025** | **June 30, <br> 2024** |
| Spencer | 4560 | 1436 |
| Splash | 9335 | 1467 |
| Spring | 3261 | 2089 |
| Stonebriar | 6918 | 10239 |
| Sugar | 3486 | 2090 |
| Summerset | 5758 | 4249 |
| Sundance | 6806 | 6006 |
| Sunnyside | 14544 | 20260 |
| Swift | 20567 | 18822 |
| Taylor | 982 | 2997 |
| Terracotta | 14437 | 5197 |
| Theodore | 13379 | 17640 |
| Tulip | 6138 | 5858 |
| Tuscan | 17256 | 22889 |
| Tuscarora | 10684 | 15247 |
| Tuxford | 4526 | 6048 |
| Vernon | 4029 | 4413 |
| Walton | 10947 | 12810 |
| Wave | 3735 | 312 |
| Weldon | 4085 | 3845 |
| Wellington | 6960 | 13910 |
| Wentworth | 8805 | 13265 |
| Wescott | 4719 | 2101 |
| Westchester | 4222 | 6964 |
| Wildwood | 8167 | 8846 |
| Willow | 1336 | 14430 |
| Wilson | 8937 | 13564 |
| Winchester | 5906 | 10088 |
| Windsor | 18700 | 5776 |
| Winston | 10761 | 17689 |
| Wisteria | 7939 | 6623 |
|  | $**2304110** | $**2406441** |

---

\* Arrived Homes Series Centennial, a Series of Arrived Homes, LLC was divested on October 18, 2024.

**Plan of Operations**

We intend to hold and manage the series properties for five to seven years during which time we will operate the series properties as single-family rental income properties. During this period, we intend to distribute any Free Cash Flow to investors.

As each of our properties reaches what we believe to be its optimum value, we will consider disposing of the property. The determination of when a particular property should be sold or otherwise disposed of will be made after consideration of relevant factors, including prevailing and projected economic conditions, whether the value of the property is anticipated to appreciate or decline substantially, local regulatory changes, environmental and other factors that may reduce the desirability of single-family rentals in a particular market, and how operating history may impact the potential sales price. The manager may determine that it is in the best interests of members to sell a property earlier than five years or to hold a property for more than seven years.

As of the current date, we do not know how many series we will be offering. However, in any case, the aggregate dollar amount of all of the series interests that we will sell within the 12-month period will not exceed the maximum amount allowed under Regulation A. It is anticipated that the proceeds from any offerings closed during the next twelve months will be used to acquire additional properties.

**Our Policies for Approving New Tenants**

We intend to seek out tenants for our properties who are financially responsible and capable of paying their rent. We will conduct due diligence on prospective tenant applicants by (a) verifying their incomes, (b) running credit checks, (c) performing criminal background checks, and (d) requesting references from previous landlords. While we do not have specific standards for any of these items, we will use these screening methods to determine, prior to approving a lease, whether we believe a potential lessee is financially responsible.

 

**Trend Information**

Our results of operations are affected by a variety of factors, including conditions in the financial markets and the economic and political environments, particularly in the United States. Global economic conditions, including political environments, financial market performance, interest rates, credit spreads or other conditions beyond our control are unpredictable and could negatively affect the value of the series properties, our ability to acquire and manage single family rentals and the success of our current and future offerings. In addition to the aforementioned macroeconomic trends, we believe the following factors will influence our future performance:

- Elevated interest rates or fluctuations in interest rates may have a negative effect on the demand for our offerings due to the attractiveness of alternative investments.

- The continuing increase in prices in the United States housing market may result in difficulties in sourcing properties and meeting demand for our offerings.

- Sustained levels of remote and hybrid work arrangements may lead to greater rental activity in our target markets.

**ITEM 2. OTHER INFORMATION**

None.

**ITEM 3. FINANCIAL STATEMENTS**

**ARRIVED HOMES, LLC AND ITS SERIES**

**UNAUDITED CONSOLIDATED AND CONSOLIDATING FINANCIAL STATEMENTS**

**AS OF AND FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024**

---

| | |
|:---|:---|
| [CONSOLIDATED AND CONSOLIDATING BALANCE SHEET AS OF JUNE 30, 2025 (UNAUDITED)](#f_001) | F-2 |
| [CONSOLIDATED AND CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2024 (DERIVED FROM AUDITED FINANCIAL STATEMENTS)](#f_002) | F-33 |
| [CONSOLIDATED AND CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2025 (UNAUDITED)](#f_003) | F-65 |
| [CONSOLIDATED AND CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2024 (UNAUDITED)](#f_004) | F-100 |
| [CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS' EQUITY (DEFICIT) FOR THE SIX MONTHS ENDED JUNE 30, 2025 (UNAUDITED)](#f_005) | F-135 |
| [CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS' EQUITY (DEFICIT) FOR THE SIX MONTHS ENDED JUNE 30, 2024 (UNAUDITED)](#f_006) | F-165 |
| [CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2025 (UNAUDITED)](#f_007) | F-195 |
| [CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2024 (UNAUDITED)](#f_008) | F-235 |
| [NOTES TO CONSOLIDATED AND CONSOLIDATING FINANCIAL STATEMENTS](#f_009) | F-275 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **100** | **101** | **Abbington** | **Abernant** | **Alvin** | **Amber** | **Apollo** | **Aster** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $11741 | $21424 | $7891 | $13440 | $24026 | $4947 | $2145 | $5384 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses |  |  | 233 | 212 | 254 | 3723 | 3476 | 3097 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 5727 | 6145 | 8730 | 3634 | 1593 | 4348 | 2980 | 3884 |
| Total current assets | 17468 | 27569 | 16854 | 17287 | 25873 | 13017 | 8601 | 12365 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 567219 | 593550 | 446915 | 218152 | 305008 | 276125 | 191366 | 236971 |
| Total assets | $584687 | $621119 | $463769 | $235439 | $330880 | $289142 | $199967 | $249336 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $5292 | $10042 | $2535 | $2594 | $2724 | $2233 | $1248 | $1189 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 22292 | 30062 | 17624 | 2503 | 3371 | 6494 | 4592 | 6062 |
| Total current liabilities | 27584 | 40104 | 20159 | 5097 | 6096 | 8727 | 5840 | 7250 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2995 | 3095 | 2845 | 1745 | 2545 | 1950 | 1345 | 2245 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net |  |  |  |  |  | 198856 | 133378 | 124503 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  | 25000 |  |  |  | 6900 | 20000 | 9700 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 30579 | 68199 | 23004 | 6842 | 8641 | 216433 | 160563 | 143698 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 578645 | 622708 | 455484 | 235477 | 316045 | 109495 | 70091 | 147846 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (24537) | (69789) | (14719) | (6880) | 6195 | (36786) | (30687) | (42208) |
| Total members' equity (deficit) | 554108 | 552920 | 440765 | 228597 | 322240 | 72709 | 39404 | 105638 |
| **Total liabilities and members' equity (deficit)** | $584687 | $621119 | $463769 | $235439 | $330880 | $289142 | $199967 | $249336 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Augusta** | **Avebury** | **Avondale** | **Badminton** | **Ballinger** | **Bandelier** | **Baron** | **Basil** |
| **ASSETS** | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $20933 | $4638 | $8925 | $5000 | $6081 | $7256 | $6932 | $7540 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 509 | 2749 |  | 2286 | 0 | 5074 | (0) | 2299 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 3615 | 4630 | 4218 | 4925 | 4506 | 3927 | 2332 | 3979 |
| Total current assets | 25057 | 12017 | 13143 | 12211 | 10587 | 16256 | 9265 | 13818 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 282547 | 267009 | 313614 | 233321 | 288898 | 319509 | 540314 | 181488 |
| Total assets | $307604 | $279026 | $326757 | $245531 | $299484 | $335765 | $549578 | $195306 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $3315 | $1216 | $3165 | $1327 | $2101 | $1352 | $4750 | $1166 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3913 | 6401 | 4613 | 4829 | 3182 | 7234 | 20739 | 4421 |
| Total current liabilities | 7228 | 7616 | 7778 | 6156 | 5284 | 8586 | 25488 | 5588 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1995 | 1795 | 1995 | 2195 | 2320 | 2245 | 3345 | 1595 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net |  | 200980 |  | 172047 |  | 242659 |  | 129840 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  | 5400 |  | 17300 |  |  |  | 9700 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 9223 | 215791 | 9773 | 197698 | 7604 | 253490 | 28833 | 146723 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 300123 | 93164 | 333531 | 76867 | 302555 | 117337 | 544999 | 61602 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (1743) | (29928) | (16548) | (29034) | (10675) | (35062) | (24255) | (13018) |
| Total members' equity (deficit) | 298381 | 63235 | 316984 | 47833 | 291881 | 82274 | 520745 | 48584 |
| **Total liabilities and members' equity (deficit)** | $307604 | $279026 | $326757 | $245531 | $299484 | $335765 | $549578 | $195306 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Bayside** | **Bazzel** | **Bedford** | **Bella** | **Belle** | **Belvedere** | **Bergenia** | **Blossom** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $4309 | $6828 | $4624 | $2482 | $12496 | $18346 | $15582 | $8897 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 4717 | 943 | 3787 | 492 | 799 | 0 | (0) | 208 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4339 | 4348 | 5245 | 3960 | 4790 | 4408 | 3330 | 3135 |
| Total current assets | 13364 | 12119 | 13656 | 6935 | 18086 | 22754 | 18912 | 12240 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 230002 | 247397 | 257771 | 292316 | 407839 | 280899 | 208043 | 236501 |
| Total assets | $243366 | $259516 | $271428 | $299251 | $425925 | $303653 | $226955 | $248741 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1786 | $4070 | $1462 | $3618 | $4319 | $3003 | $1952 | $4035 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 5287 | 10216 | 5206 | 4156 | 9467 | 4199 | 2953 | 5762 |
| Total current liabilities | 7073 | 14286 | 6668 | 7773 | 13786 | 7202 | 4905 | 9798 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2619 | 1845 | 2295 | 1945 | 2649 | 2295 | 1845 | 1845 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 163664 |  | 194597 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 10000 | 21700 | 13300 |  | 23600 |  |  | 7400 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 183355 | 37831 | 216860 | 9718 | 40035 | 9497 | 6750 | 19043 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 84702 | 248077 | 90397 | 311883 | 427771 | 288009 | 216840 | 250578 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (24691) | (26392) | (35829) | (22350) | (41881) | 6147 | 3365 | (20880) |
| Total members' equity (deficit) | 60011 | 221685 | 54567 | 289533 | 385890 | 294156 | 220205 | 229698 |
| **Total liabilities and members' equity (deficit)** | $243366 | $259516 | $271428 | $299251 | $425925 | $303653 | $226955 | $248741 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Bonneau** | **Brainerd** | **Braxton** | **Brennan** | **Briarwood** | **Brooklyn** | **Burlington** | **Butter** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $9140 | $17883 | $8224 | $1439 | $13462 | $3082 | $26116 | $6783 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 267 | 325 | 487 | 3855 | 237 | 227 | 1428 | 5416 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 3924 | 4779 | 4293 | 4851 | 3054 | 2317 | 6177 | 9080 |
| Total current assets | 13331 | 22986 | 13005 | 10145 | 16753 | 5625 | 33721 | 21278 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 313959 | 272414 | 300491 | 209211 | 200163 | 158491 | 600336 | 343367 |
| Total assets | $327290 | $295400 | $313495 | $219356 | $216915 | $164117 | $634057 | $364644 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $5735 | $3119 | $3129 | $1561 | $2365 | $2226 | $16399 | $2001 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 7642 | 6737 | 7033 | 5462 | 2341 | 3900 | 23561 | 7451 |
| Total current liabilities | 13377 | 9856 | 10162 | 7023 | 4706 | 6126 | 39960 | 9452 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2295 | 2595 | 2045 | 1545 | 1995 | 1249 | 3195 | 2795 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net |  | 143248 |  | 154012 |  | 81997 |  | 260030 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 7000 |  | 10700 | 35200 |  | 13100 | 12000 | 24200 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 22672 | 155699 | 22907 | 197779 | 6701 | 102472 | 55155 | 296477 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 326653 | 147760 | 307214 | 84906 | 214303 | 94432 | 609676 | 113771 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (22034) | (8059) | (16626) | (63330) | (4088) | (32788) | (30774) | (45604) |
| Total members' equity (deficit) | 304618 | 139701 | 290588 | 21577 | 210214 | 61644 | 578902 | 68168 |
| **Total liabilities and members' equity (deficit)** | $327290 | $295400 | $313495 | $219356 | $216915 | $164117 | $634057 | $364644 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Calvin** | **Camino** | **Cawley** | **Chaparral** | **Chelsea** | **Chester** | **Chickamauga** | **Chinook** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $17661 | $8462 | $14245 | $11873 | $9366 | $9920 | $15780 | $10473 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 199 | 3 | 545 | 29 | 3965 | 4593 | 597 | 624 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 5454 | 2978 | 2436 | 2669 | 4851 | 5831 | 5828 | 3935 |
| Total current assets | 23315 | 11442 | 17226 | 14572 | 18182 | 20345 | 22205 | 15032 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 226100 | 245987 | 299674 | 173414 | 282961 | 344344 | 349528 | 295599 |
| Total assets | $249415 | $257429 | $316900 | $187986 | $301143 | $364689 | $371733 | $310630 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2180 | $2118 | $3434 | $5912 | $2299 | $1189 | $2603 | $3452 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2786 | 4969 | 4166 | 6180 | 6618 | 8455 | 6098 | 5302 |
| Total current liabilities | 4965 | 7087 | 7600 | 12092 | 8917 | 9645 | 8701 | 8754 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1795 | 1595 | 2195 | 1695 | 1895 | 3943 | 3693 | 1995 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net |  |  |  | 103376 | 213388 | 181940 |  |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  |  |  |  |  |  | 5200 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 6760 | 8682 | 9795 | 117163 | 224200 | 195527 | 12394 | 15949 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 238621 | 251183 | 308660 | 71128 | 95743 | 205542 | 353104 | 309747 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | 4035 | (2436) | (1555) | (305) | (18800) | (36380) | 6235 | (15066) |
| Total members' equity (deficit) | 242655 | 248747 | 307104 | 70823 | 76943 | 169162 | 359339 | 294681 |
| **Total liabilities and members' equity (deficit)** | $249415 | $257429 | $316900 | $187986 | $301143 | $364689 | $371733 | $310630 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Chitwood** | **Clover** | **Coatbridge** | **Collier** | **Collinston** | **Conway** | **Cove** | **Creekside** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $11308 | $13993 | $3311 | $3901 | $15666 | $9894 | $6137 | $11645 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 17 | 214 | 3150 | 27 | 2391 | 630 | 219 | 172 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4750 | 2335 | 4057 | 4680 | 7418 | 6177 | 10356 | 4187 |
| Total current assets | 16075 | 16542 | 10518 | 8609 | 25475 | 16701 | 16713 | 16004 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 354720 | 306807 | 248470 | 329310 | 190515 | 636846 | 199410 | 288383 |
| Total assets | $370795 | $323348 | $258988 | $337918 | $215989 | $653547 | $216122 | $304387 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $4515 | $8602 | $1544 | $1626 | $7426 | $3357 | $2792 | $5926 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 7067 | 17528 | 4024 | 12838 | 10297 | 16813 | 3794 | 5780 |
| Total current liabilities | 11582 | 26129 | 5568 | 14464 | 17723 | 20170 | 6586 | 11706 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2795 |  | 3143 | 2445 | 1595 | 3645 | 1695 | 2395 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net |  |  | 173329 |  | 134948 |  |  |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  | 5600 | 25400 |  | 35600 | 11800 | 24700 |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 14377 | 31729 | 207440 | 16909 | 189866 | 35615 | 32981 | 14101 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 358889 | 309765 | 95883 | 327172 | 82181 | 661170 | 218173 | 282594 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (2471) | (18146) | (44334) | (6163) | (56058) | (43238) | (35032) | 7692 |
| Total members' equity (deficit) | 356418 | 291619 | 51548 | 321009 | 26123 | 617932 | 183141 | 290286 |
| **Total liabilities and members' equity (deficit)** | $370795 | $323348 | $258988 | $337918 | $215989 | $653547 | $216122 | $304387 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Creekwood** | **Cumberland** | **Cupcake** | **Cypress** | **Daisy** | **Davidson** | **Dawson** | **Delta** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $6799 | $8206 | $8609 | $2554 | $6166 | $3209 | $3386 | $5934 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 4664 | 210 | 2317 | 11180 | 113 | 3746 | 3489 | 5481 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 6200 | 3735 | 1868 | 5501 | 3725 | 3416 | 4061 | 6610 |
| Total current assets | 17662 | 12150 | 12794 | 19236 | 10004 | 10371 | 10936 | 18024 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 268317 | 274661 | 204704 | 339373 | 279315 | 191173 | 205246 | 318853 |
| Total assets | $285978 | $286811 | $217498 | $358609 | $289318 | $201544 | $216181 | $336877 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1155 | $2274 | $1122 | $1788 | $4516 | $1442 | $1308 | $2132 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 6263 | 5626 | 5886 | 11465 | 5751 | 6877 | 4585 | 15763 |
| Total current liabilities | 7418 | 7901 | 7008 | 13253 | 10267 | 8318 | 5893 | 17896 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1795 | 2145 | 1595 | 2395 | 1695 | 1495 | 1745 | 2195 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 141439 |  | 150213 | 179263 |  | 145374 | 144333 | 224628 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  |  |  |  | 14600 | 23900 | 95700 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 150653 | 10046 | 158816 | 194911 | 11962 | 169787 | 175871 | 340419 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 163940 | 279732 | 62066 | 202939 | 281631 | 70541 | 79982 | 118520 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (28614) | (2966) | (3384) | (39241) | (4275) | (38784) | (39672) | (122062) |
| Total members' equity (deficit) | 135326 | 276766 | 58682 | 163698 | 277357 | 31757 | 40310 | (3542) |
| **Total liabilities and members' equity (deficit)** | $285978 | $286811 | $217498 | $358609 | $289318 | $201544 | $216181 | $336877 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Dewberry** | **Diablo** | **Dogwood** | **Dolittle** | **Dolly** | **Dops** | **Dorchester** | **Dunbar** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $3346 | $4351 | $9043 | $5296 | $3727 | $7538 | $2231 | $34374 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 2166 | 4278 | 333 | 4134 | 249 | 1210 | 703 |  |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 5671 | 5181 | 2557 | 5141 | 7536 | 5428 | - | 2340 |
| Total current assets | 11183 | 13810 | 11933 | 14571 | 11512 | 14176 | 2933 | 36714 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 170298 | 274199 | 222809 | 278022 | 639556 | 192155 | 325457 | 314277 |
| Total assets | $181481 | $288009 | $234741 | $292593 | $651069 | $206330 | $328391 | $350991 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1233 | $3745 | $1798 | $2471 | $3088 | $1986 | $6587 | $19676 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  | 5561 |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 8203 | 6822 | 8883 | 9849 | 12352 | 3328 | 17325 | 28575 |
| Total current liabilities | 9435 | 10567 | 10681 | 12320 | 15440 | 5314 | 29474 | 48251 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1695 | 2145 | 1750 | 2295 | 3995 | 1495 | 2195 |  |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 119530 | 205860 |  | 205546 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 18500 | 28300 |  | 6300 |  |  | 7000 | 58200 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 149160 | 246872 | 12431 | 226461 | 19435 | 6809 | 38669 | 106451 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 67937 | 96890 | 225765 | 97267 | 668122 | 197969 | 339619 | 322376 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (35616) | (55753) | (3455) | (31135) | (36489) | 1552 | (49897) | (77836) |
| Total members' equity (deficit) | 32321 | 41137 | 222310 | 66132 | 631633 | 199521 | 289722 | 244540 |
| **Total liabilities and members' equity (deficit)** | $181481 | $288009 | $234741 | $292593 | $651069 | $206330 | $328391 | $350991 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Eagle** | **Eastfair** | **Eastwood** | **Elevation** | **Ella** | **Ellen** | **Elm** | **Emporia** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $12758 | $2646 | $12445 | $2427 | $4527 | $19921 | $4066 | $29549 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3994 | 5045 | 245 | 2988 | 193 | 350 | 3623 | 4781 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 389 | 1501 | 3506 | 7884 | 3613 | 4474 | 4797 | 852 |
| Total current assets | 17141 | 9192 | 16196 | 13300 | 8332 | 24745 | 12486 | 35182 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 257200 | 192678 | 305755 | 247408 | 246292 | 237120 | 148793 | 322195 |
| Total assets | $274341 | $201869 | $321951 | $260708 | $254624 | $261865 | $161279 | $357376 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1355 | $1264 | $2554 | $1807 | $2213 | $4070 | $1195 | $15380 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 6340 | 8757 | 3263 | 10713 | 4112 | 3216 | 4365 | 23193 |
| Total current liabilities | 7695 | 10021 | 5816 | 12520 | 6325 | 7286 | 5560 | 38573 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1995 | 1949 | 2395 | 1895 | 1995 | 2693 | 1495 |  |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 131876 | 148056 |  | 170480 |  |  | 105894 | 242707 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  | 17500 |  | 55100 |  |  | 12400 | 29700 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 141566 | 177526 | 8211 | 239995 | 8320 | 9979 | 125350 | 310980 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 142310 | 59630 | 332328 | 100669 | 258029 | 252249 | 57647 | 118276 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (9535) | (35287) | (18589) | (79956) | (11725) | (363) | (21718) | (71880) |
| Total members' equity (deficit) | 132775 | 24343 | 313740 | 20713 | 246304 | 251886 | 35929 | 46396 |
| **Total liabilities and members' equity (deficit)** | $274341 | $201869 | $321951 | $260708 | $254624 | $261865 | $161279 | $357376 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Ensenada** | **Falcon** | **Felix** | **Fenwick** | **Fletcher** | **Folly** | **Forest** | **Foster** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $23445 | $8689 | $8314 | $11898 | $18568 | $6995 | $7360 | $18080 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 6840 | 4088 | 334 | 518 | (0) | 556 | 5010 | (0) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 6541 | 4315 | 3878 | 3114 | 2088 | 4900 | 16152 | 4635 |
| Total current assets | 36826 | 17092 | 12526 | 15530 | 20656 | 12451 | 28522 | 22715 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 512329 | 257865 | 241021 | 285660 | 168026 | 292737 | 322912 | 298616 |
| Total assets | $549154 | $274957 | $253546 | $301190 | $188681 | $305189 | $351434 | $321331 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $5902 | $2354 | $2564 | $3089 | $1742 | $5108 | $2041 | $2544 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 16210 | 6282 | 3308 | 3857 | 1992 | 13387 | 7382 | 4274 |
| Total current liabilities | 22112 | 8636 | 5871 | 6946 | 3734 | 18495 | 9423 | 6818 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 3195 | 2345 | 2393 | 1850 | 1395 | 2695 | 2445 | 2349 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 388761 | 131866 |  |  |  |  | 225371 |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 18100 |  |  |  |  | 6600 | 60400 |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 432168 | 142847 | 8264 | 8796 | 5129 | 27790 | 297639 | 9167 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 182362 | 142873 | 248575 | 303967 | 181039 | 304620 | 132546 | 308015 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (65376) | (10763) | (3292) | (11573) | 2513 | (27221) | (78750) | 4149 |
| Total members' equity (deficit) | 116986 | 132110 | 245283 | 292394 | 183552 | 277399 | 53795 | 312164 |
| **Total liabilities and members' equity (deficit)** | $549154 | $274957 | $253546 | $301190 | $188681 | $305189 | $351434 | $321331 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Franklin** | **Gardens** | **General** | **Goose** | **Grant** | **Greenhill** | **Gretal** | **Grove** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $13970 | $5041 | $9800 | $8859 | $7429 | $5937 | $13247 | $3258 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 523 | 2109 | 467 | 3990 | 5459 | 4917 | 197 | 3342 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4691 | 4737 | 4442 | 3567 | 5478 | 5944 | 3125 | 3893 |
| Total current assets | 19184 | 11886 | 14709 | 16417 | 18365 | 16798 | 16569 | 10494 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 288451 | 206969 | 301774 | 239689 | 341675 | 298962 | 420708 | 213213 |
| Total assets | $307635 | $218855 | $316484 | $256106 | $360040 | $315760 | $437277 | $223707 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $7987 | $1207 | $3539 | $1244 | $1233 | $1466 | $2215 | $1257 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 8549 | 5173 | 3999 | 5845 | 7612 | 10914 | 7373 | 7043 |
| Total current liabilities | 16536 | 6379 | 7538 | 7088 | 8845 | 12380 | 9588 | 8300 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2595 | 1595 | 2495 | 1895 |  | 3119 | 2395 | 1869 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net |  | 134919 |  | 122793 | 256637 | 225606 |  | 155778 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  | 11000 |  |  |  |  |  | 11100 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 19131 | 153893 | 10033 | 131777 | 265482 | 241105 | 11983 | 177047 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 304237 | 83805 | 314810 | 131554 | 120005 | 96090 | 439879 | 81289 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (15733) | (18844) | (8359) | (7225) | (25446) | (21435) | (14584) | (34628) |
| Total members' equity (deficit) | 288504 | 64962 | 306451 | 124329 | 94559 | 74656 | 425294 | 46660 |
| **Total liabilities and members' equity (deficit)** | $307635 | $218855 | $316484 | $256106 | $360040 | $315760 | $437277 | $223707 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Hadden** | **Hansard** | **Hansel** | **Hargrave** | **Harrison** | **Henry** | **Heritage** | **Heron** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $3762 | $14572 | $19436 | $4025 | $14220 | $10538 | $8007 | $4352 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3574 | 100 | 6199 | 199 | 5539 | 63 | 5143 | 3994 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 3757 | 6790 | 4647 | 1760 | 5258 | 2034 | 4568 | 5109 |
| Total current assets | 11093 | 21462 | 30283 | 5984 | 25017 | 12635 | 17718 | 13455 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 201770 | 284882 | 377395 | 223744 | 425589 | 399032 | 270710 | 266991 |
| Total assets | $212863 | $306344 | $407677 | $229728 | $450607 | $411667 | $288427 | $280447 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1100 | $2509 | $7732 | $2290 | $2815 | $6266 | $1292 | $2391 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 5795 | 4753 | 13264 | 2856 | 10403 | 8796 | 6293 | 8325 |
| Total current liabilities | 6895 | 7262 | 20995 | 5146 | 13218 | 15062 | 7584 | 10716 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1645 | 4840 | 3003 | 3190 | 3045 | 2395 | 1995 | 2369 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 141882 |  | 197657 |  | 225140 |  | 200967 | 198881 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  | 22600 |  |  | 49500 | 19300 | 7100 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 150422 | 12102 | 244256 | 8336 | 241403 | 66957 | 229846 | 219065 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 80276 | 290607 | 224184 | 247494 | 241998 | 411235 | 98520 | 99009 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (17835) | 3635 | (60763) | (26101) | (32795) | (66525) | (39939) | (37628) |
| Total members' equity (deficit) | 62441 | 294242 | 163422 | 221392 | 209203 | 344710 | 58581 | 61381 |
| **Total liabilities and members' equity (deficit)** | $212863 | $306344 | $407677 | $229728 | $450607 | $411667 | $288427 | $280447 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Highland** | **Hines** | **Hobbes** | **Holcomb** | **Holland** | **Hollandaise** | **Holloway** | **Inglewood** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $1075 | $5662 | $7982 | $15373 | $3663 | $5653 | $4699 | $7255 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses |  |  | 199 | (0) | 3663 | 5100 | 3662 | 1033 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 1710 | 3205 | 3845 | 619 | 4667 | 10978 | 5779 | 5908 |
| Total current assets | 2785 | 8866 | 12026 | 15992 | 11993 | 21732 | 14140 | 14195 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 266086 | 241710 | 224037 | 328388 | 190688 | 336052 | 304575 | 631537 |
| Total assets | $268871 | $250577 | $236063 | $344381 | $202681 | $357785 | $318715 | $645733 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $3411 | $2118 | $2152 | $4886 | $1100 | $1277 | $1339 | $3354 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 8545 | 16315 | 2598 | 12869 | 8381 | 10722 | 6068 | 11450 |
| Total current liabilities | 11956 | 18433 | 4750 | 17755 | 9481 | 11999 | 7407 | 14804 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  | 1845 | 2393 | 2095 | 2168 | 1895 | 3119 | 3445 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net |  |  |  |  | 145379 | 253130 | 218443 |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  |  |  |  | 13200 | 9900 |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 11956 | 20278 | 7142 | 19850 | 157028 | 280224 | 238869 | 18249 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 271830 | 247650 | 243971 | 339527 | 80491 | 133503 | 114566 | 664353 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (14915) | (17352) | (15051) | (14996) | (34838) | (55942) | (34720) | (36869) |
| Total members' equity (deficit) | 256915 | 230298 | 228920 | 324531 | 45653 | 77561 | 79846 | 627484 |
| **Total liabilities and members' equity (deficit)** | $268871 | $250577 | $236063 | $344381 | $202681 | $357785 | $318715 | $645733 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Irene** | **Jack** | **Jake** | **Jefferson** | **Jill** | **Johnny** | **June** | **Jupiter** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $16445 | $20549 | $31009 | $14810 | $8048 | $27298 | $6470 | $8214 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 211 | 5714 | 380 | 873 | 7509 | 177 | 178 | 2746 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 2713 | 5085 | 9158 | 4821 | 4441 | 6258 | 5619 | 3465 |
| Total current assets | 19370 | 31348 | 40547 | 20504 | 19997 | 33733 | 12267 | 14424 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 168026 | 385179 | 544927 | 257939 | 372753 | 543147 | 543147 | 190511 |
| Total assets | $187395 | $416526 | $585474 | $278443 | $392751 | $576880 | $555414 | $204935 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2213 | $8853 | $14433 | $2028 | $1193 | $14543 | $7394 | $1143 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2024 | 14900 | 30444 | 4339 | 8429 | 26331 | 24240 | 5340 |
| Total current liabilities | 4237 | 23753 | 44876 | 6367 | 9622 | 40874 | 31634 | 6483 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1395 | 3143 | 2995 | 2595 | 2195 | 2995 | 2945 | 1550 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net |  | 287023 |  |  | 196982 |  |  | 138176 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  | 17200 | 23900 |  |  | 19200 | 9300 | 6900 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 5632 | 331118 | 71771 | 8962 | 208798 | 63069 | 43879 | 153109 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 179542 | 142880 | 572703 | 259241 | 217151 | 562127 | 571397 | 79455 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | 2222 | (57472) | (59000) | 10239 | (33199) | (48317) | (59862) | (27630) |
| Total members' equity (deficit) | 181763 | 85408 | 513703 | 269480 | 183952 | 513811 | 511535 | 51826 |
| **Total liabilities and members' equity (deficit)** | $187395 | $416526 | $585474 | $278443 | $392751 | $576880 | $555414 | $204935 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Kawana** | **Kennesaw** | **Kenny** | **KerriAnn** | **Kessler** | **Kingsley** | **Kirkwood** | **Korin** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $9922 | $10568 | $17537 | $3056 | $18019 | $5926 | $1211 | $16187 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3979 | 288 | 249 | 3531 | 3043 | 82 | 4681 | (0) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4721 | 5809 | 6953 | 6214 | 2089 | 6209 | 2425 | 4067 |
| Total current assets | 18622 | 16666 | 24739 | 12801 | 23152 | 12216 | 8317 | 20253 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 253013 | 393962 | 639556 | 308351 | 242147 | 282503 | 247276 | 260858 |
| Total assets | $271636 | $410628 | $664295 | $321152 | $265299 | $294719 | $255593 | $281111 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1230 | $3711 | $9299 | $1556 | $8361 | $1593 | $2127 | $6258 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 6340 | 15094 | 12357 | 11798 | 11910 | 6228 | 11083 | 4397 |
| Total current liabilities | 7569 | 18805 | 21656 | 13355 | 20271 | 7820 | 13210 | 10656 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2543 | 2595 | 3345 | 1995 | 1595 | 2869 | 2393 | 1995 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 190550 |  |  | 235685 | 125493 | 212495 | 180108 |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  | 6100 | 23600 | 13600 | 15600 | 9700 |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 200661 | 21400 | 31101 | 274635 | 160960 | 238784 | 205411 | 12651 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 87628 | 407687 | 674153 | 116602 | 147344 | 96131 | 86877 | 260335 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (16653) | (18460) | (40959) | (70085) | (43005) | (40196) | (36695) | 8126 |
| Total members' equity (deficit) | 70974 | 389227 | 633194 | 46517 | 104339 | 55936 | 50182 | 268460 |
| **Total liabilities and members' equity (deficit)** | $271636 | $410628 | $664295 | $321152 | $265299 | $294719 | $255593 | $281111 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Lallie** | **Lanier** | **Lannister** | **Latte** | **Lennox** | **Lierly** | **Lily** | **Limestone** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $2470 | $3071 | $1669 | $10183 | $3976 | $15035 | $3546 | $5001 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 4045 | 5936 | 4853 | 289 | 2014 | 35 | 8861 | 3252 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 467 | 4925 | 3440 | 5661 | 4003 | 2961 | 5221 | 4514 |
| Total current assets | 6982 | 13932 | 9962 | 16132 | 9993 | 18031 | 17627 | 12768 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 339366 | 352176 | 164459 | 338233 | 194206 | 188939 | 482065 | 263586 |
| Total assets | $346348 | $366108 | $174420 | $354365 | $204200 | $206971 | $499692 | $276354 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2085 | $1272 | $1227 | $3909 | $1178 | $6776 | $154 | $1547 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 22900 | 7045 | 5365 | 23271 | 3221 | 5830 | 10965 | 6468 |
| Total current liabilities | 24985 | 8317 | 6592 | 27180 | 4399 | 12606 | 11118 | 8015 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  | 2195 | 1395 | 2195 | 1795 | 1750 | 2395 | 2095 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 237774 | 261459 | 112755 |  | 137889 | 129968 | 308799 | 201011 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 57200 | 11800 | 18700 |  | 9700 |  | 64000 | 21400 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 319959 | 283771 | 139442 | 29375 | 153783 | 144324 | 386313 | 232521 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 121831 | 127962 | 75447 | 347300 | 71977 | 59740 | 206882 | 105235 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (95442) | (45625) | (40469) | (22310) | (21561) | 2907 | (93502) | (61402) |
| Total members' equity (deficit) | 26389 | 82337 | 34979 | 324990 | 50417 | 62647 | 113380 | 43832 |
| **Total liabilities and members' equity (deficit)** | $346348 | $366108 | $174420 | $354365 | $204200 | $206971 | $499692 | $276354 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Litton** | **Longwoods** | **Lookout** | **Loretta** | **Louis** | **Louise** | **Lovejoy** | **Luna** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $13148 | $10619 | $10350 | $14250 | $16644 | $5843 | $4311 | $4068 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 223 | (0) | 104 | 630 | 562 | 4310 | 4247 | 1921 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4761 | 3822 | 3077 | 9165 | 6866 | 4810 | 2942 | 3750 |
| Total current assets | 18133 | 14441 | 13532 | 24045 | 24072 | 14963 | 11499 | 9739 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 300650 | 256661 | 319258 | 636489 | 256581 | 253859 | 270296 | 192678 |
| Total assets | $318783 | $271101 | $332790 | $660533 | $280653 | $268823 | $281795 | $202417 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2445 | $4240 | $1819 | $9470 | $2925 | $1170 | $1423 | $1707 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 7188 | 3728 | 11682 | 11886 | 3588 | 8200 | 6491 | 4191 |
| Total current liabilities | 9634 | 7967 | 13501 | 21356 | 6513 | 9370 | 7914 | 5897 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2545 | 1995 | 2245 | 6390 | 1895 | 1895 | 1995 | 1895 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 158067 |  |  |  |  | 180114 | 203073 | 148056 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  |  | 6200 |  |  | 12300 | 17800 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 170245 | 9962 | 15746 | 33946 | 8408 | 191379 | 225281 | 173649 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 166960 | 271421 | 320072 | 651490 | 270342 | 94007 | 92915 | 61247 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (18422) | (10282) | (3028) | (24902) | 1903 | (16564) | (36401) | (32478) |
| Total members' equity (deficit) | 148538 | 261139 | 317044 | 626588 | 272245 | 77443 | 56514 | 28769 |
| **Total liabilities and members' equity (deficit)** | $318783 | $271101 | $332790 | $660533 | $280653 | $268823 | $281795 | $202417 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Lurleen** | **Madison** | **Mae** | **Magnolia** | **Malbec** | **Mammoth** | **Marcelo** | **Marie** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $31 | $6471 | $6919 | $6103 | $6412 | $4385 | $8730 | $18149 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 216 | 2711 | 397 | 3244 | 2986 | 5822 |  | 105 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 1608 | 4910 | 7066 | 5103 | 4520 | 4827 | 3709 | 5231 |
| Total current assets | 1855 | 14092 | 14382 | 14450 | 13918 | 15034 | 12439 | 23485 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 211259 | 190395 | 328315 | 234472 | 285270 | 313933 | 264658 | 300219 |
| Total assets | $213115 | $204486 | $342697 | $248922 | $299188 | $328967 | $277098 | $323704 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $3281 | $1224 | $5097 | $1289 | $1177 | $1487 | $2635 | $1758 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 6147 | 5893 | 6278 | 5699 | 10567 | 9675 | 5172 | 4995 |
| Total current liabilities | 9427 | 7117 | 11375 | 6988 | 11745 | 11162 | 7807 | 6753 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  | 2174 | 4190 | 3290 | 2295 | 2095 | 1945 | 2745 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 108625 | 99988 |  | 171199 | 205101 | 235740 |  |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 7100 | 15900 |  | 23800 |  | 44300 |  |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 125152 | 125178 | 15565 | 205277 | 219141 | 293296 | 9752 | 9498 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 121895 | 113534 | 334617 | 88373 | 94992 | 118575 | 273812 | 296585 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (33932) | (34227) | (7485) | (44728) | (14945) | (82905) | (6466) | 17622 |
| Total members' equity (deficit) | 87962 | 79308 | 327132 | 43645 | 80047 | 35670 | 267346 | 314206 |
| **Total liabilities and members' equity (deficit)** | $213115 | $204486 | $342697 | $248922 | $299188 | $328967 | $277098 | $323704 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Marietta** | **Marion** | **Marple** | **Martell** | **Mary** | **Matchingham** | **McGregor** | **McLovin** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $2786 | $7591 | $3895 | $7620 | $13841 | $2530 | $4832 | $16374 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 4406 | 1169 | (0) |  | 481 | 2381 | (0) | 7130 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4399 | 4093 | 3153 | 3817 | 4122 | 4191 | 4095 | 6449 |
| Total current assets | 11592 | 12853 | 7048 | 11437 | 18444 | 9101 | 8927 | 29954 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 281231 | 250158 | 167222 | 247674 | 258774 | 191104 | 277525 | 493234 |
| Total assets | $292823 | $263011 | $174270 | $259111 | $277218 | $200206 | $286452 | $523188 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1307 | $3248 | $1757 | $3040 | $1831 | $1618 | $3779 | $4649 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 6598 | 4601 | 2632 | 4931 | 3615 | 5826 | 11686 | 14966 |
| Total current liabilities | 7904 | 7849 | 4389 | 7970 | 5447 | 7445 | 15465 | 19615 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2195 | 2295 | 1943 | 1945 | 2095 | 1795 | 1895 | 3495 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 148668 |  |  |  |  | 144742 |  | 364403 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 18900 | 5800 |  | 6200 |  |  |  | 20900 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 177667 | 15944 | 6331 | 16115 | 7542 | 153981 | 17360 | 408413 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 170351 | 263347 | 184073 | 266482 | 263738 | 59106 | 280534 | 161534 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (55195) | (16280) | (16134) | (23486) | 5938 | (12882) | (11442) | (46759) |
| Total members' equity (deficit) | 115156 | 247067 | 167939 | 242996 | 269676 | 46224 | 269092 | 114775 |
| **Total liabilities and members' equity (deficit)** | $292823 | $263011 | $174270 | $259111 | $277218 | $200206 | $286452 | $523188 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Meadow** | **Mimosa** | **Mojave** | **Murphy** | **Mycroft** | **Nugget** | **Odessa** | **Olive** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $4726 | $5824 | $18076 | $4240 | $12187 | $4377 | $20388 | $3570 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3877 | 81 | 2270 | 4004 | (0) |  | 7283 | 3389 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 2786 | 4319 | 3870 | 4364 | 3030 | 6156 | 4926 | 7145 |
| Total current assets | 11390 | 10224 | 24215 | 12608 | 15217 | 10533 | 32597 | 14105 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 289474 | 197964 | 217940 | 269033 | 171010 | 518027 | 482021 | 209797 |
| Total assets | $300863 | $208189 | $242155 | $281642 | $186227 | $528560 | $514618 | $223901 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1292 | $2301 | $7949 | $2573 | $1908 | $6903 | $4786 | $1377 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 9650 | 8031 | 11735 | 9595 | 2681 | 20291 | 14744 | 6409 |
| Total current liabilities | 10942 | 10332 | 19684 | 12168 | 4589 | 27195 | 19530 | 7786 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  | 1495 | 2195 | 1995 | 1645 | 3295 | 3395 | 1895 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 212833 | 106291 | 160309 | 205239 |  |  | 371386 | 124357 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  | 6900 |  |  |  | 41400 | 19000 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 223775 | 118117 | 189088 | 219402 | 6234 | 30490 | 435712 | 153038 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 123690 | 114769 | 63064 | 92755 | 177116 | 519599 | 176521 | 106025 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (46602) | (24697) | (9996) | (30515) | 2877 | (21529) | (97614) | (35161) |
| Total members' equity (deficit) | 77088 | 90071 | 53067 | 62240 | 179993 | 498070 | 78907 | 70863 |
| **Total liabilities and members' equity (deficit)** | $300863 | $208189 | $242155 | $281642 | $186227 | $528560 | $514618 | $223901 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Oly** | **Onyx** | **Oscar** | **Osceola** | **Osprey** | **Otoro** | **Palmer** | **Patrick** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $9682 | $7873 | $4876 | $7304 | $7028 | $2462 | $5163 | $8301 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 7867 | (0) | 752 | 2196 | 362 | 4585 | 509 | 55 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 5092 | 2594 | 1641 | 2233 | 2687 | 10699 | 496 | 2563 |
| Total current assets | 22641 | 10467 | 7268 | 11733 | 10076 | 17746 | 6168 | 10920 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 483749 | 319373 | 242394 | 266957 | 326762 | 366060 | 282684 | 189041 |
| Total assets | $506389 | $329840 | $249663 | $278690 | $336839 | $383806 | $288852 | $199961 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $- | $3193 | $2566 | $6101 | $6024 | $1762 | $3210 | $5664 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 9901 | 4229 | 3216 | 4864 | 12622 | 20731 | 3707 | 8628 |
| Total current liabilities | 9901 | 7422 | 5782 | 10965 | 18646 | 22493 | 6917 | 14292 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2995 | 2295 |  |  | 2295 | 2319 | 1895 | 1595 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 365105 |  |  |  |  | 271896 |  | 107906 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 6000 |  |  | 7000 |  | 78700 |  |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 384001 | 9717 | 5782 | 17965 | 20941 | 375408 | 8812 | 123793 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 163073 | 325803 | 259288 | 296449 | 339905 | 131256 | 297117 | 86282 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (40684) | (5680) | (15407) | (35725) | (24008) | (122858) | (17077) | (10115) |
| Total members' equity (deficit) | 122389 | 320123 | 243881 | 260725 | 315898 | 8398 | 280040 | 76167 |
| **Total liabilities and members' equity (deficit)** | $506389 | $329840 | $249663 | $278690 | $336839 | $383806 | $288852 | $199961 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Peanut** | **Pearl** | **Pecan** | **Peterson** | **Piedmont** | **Pinot** | **Pioneer** | **Plumtree** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $4728 | $1548 | $15191 | $17784 | $6948 | $6670 | $23397 | $8967 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 2623 | 233 | 31 | 239 | 5979 | 3620 | 47 | 32 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 5249 | - | - | 1585 | 4585 | 4413 | 6628 | 4590 |
| Total current assets | 12600 | 1781 | 15222 | 19607 | 17512 | 14704 | 30072 | 13588 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 198610 | 504892 | 183922 | 216767 | 356222 | 288025 | 543140 | 177637 |
| Total assets | $211210 | $506673 | $199144 | $236374 | $373734 | $302728 | $573212 | $191225 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1126 | $2713 | $5972 | $2592 | $1390 | $1179 | $25371 | $5860 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  | 7354 | 224 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 5802 | 19689 | 6237 | 2492 | 8394 | 9787 | 20255 | 6333 |
| Total current liabilities | 6929 | 29756 | 12433 | 5085 | 9784 | 10966 | 45626 | 12193 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2093 |  | 1750 |  | 2295 | 2395 | 3445 | 1550 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 145348 |  | 112459 |  | 188322 | 207230 |  | 110164 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 154369 | 29756 | 126642 | 5085 | 200401 | 220591 | 49071 | 123906 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 70835 | 526530 | 71185 | 233380 | 219091 | 96040 | 558130 | 68636 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (13994) | (49613) | 1316 | (2090) | (45758) | (13902) | (33989) | (1318) |
| Total members' equity (deficit) | 56841 | 476917 | 72502 | 231290 | 173333 | 82138 | 524141 | 67319 |
| **Total liabilities and members' equity (deficit)** | $211210 | $506673 | $199144 | $236374 | $373734 | $302728 | $573212 | $191225 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Point** | **Porthos** | **Quincy** | **Redondo** | **Regency** | **Reginald** | **Reynolds** | **Ribbonwalk** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $18221 | $12565 | $21486 | $15511 | $2182 | $20801 | $19247 | $2021 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 6726 |  | (0) | 208 | 711 | 275 | 491 | 4165 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 5874 | 4585 | 6639 | 6738 | 3971 | - | 5502 | 1711 |
| Total current assets | 30821 | 17151 | 28126 | 22457 | 6864 | 21076 | 25240 | 7896 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 352622 | 288253 | 507236 | 293433 | 268044 | 429854 | 398587 | 289508 |
| Total assets | $383443 | $305404 | $535362 | $315890 | $274908 | $450930 | $423827 | $297404 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $7791 | $4772 | $10988 | $9430 | $3952 | $10958 | $4416 | $1411 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  | 1781 |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 12378 | 4136 | 16412 | 10983 | 5349 | 13779 | 15277 | 7874 |
| Total current liabilities | 20169 | 8908 | 27400 | 20413 | 9301 | 26518 | 19693 | 9285 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2095 | 2295 | 3495 | 3143 | 2295 | 5190 | 2495 | 1995 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 265283 |  |  | 155663 | 135781 |  |  | 221867 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 17600 |  | 27400 | 11300 | 5000 | 53000 |  | 12000 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 305147 | 11203 | 58295 | 190518 | 152377 | 84708 | 22188 | 245147 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 128957 | 298517 | 524581 | 174235 | 143099 | 434695 | 405392 | 110520 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (50661) | (4316) | (47514) | (48863) | (20568) | (68474) | (3753) | (58263) |
| Total members' equity (deficit) | 78296 | 294201 | 477066 | 125372 | 122531 | 366221 | 401639 | 52257 |
| **Total liabilities and members' equity (deficit)** | $383443 | $305404 | $535362 | $315890 | $274908 | $450930 | $423827 | $297404 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Richardson** | **Richmond** | **Ridge** | **Ritter** | **River** | **Riverwalk** | **Rooney** | **Roseberry** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $14086 | $16421 | $4266 | $9689 | $6852 | $13970 | $6790 | $3130 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 215 | 347 | 2915 | 103 | 2650 | (0) | 5646 | 5146 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 3160 | 5636 | 4927 | 4936 | 4606 | 5024 | 4546 | 7881 |
| Total current assets | 17461 | 22403 | 12108 | 14729 | 14109 | 18995 | 16982 | 16157 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 291923 | 365348 | 195102 | 466768 | 238955 | 366346 | 339539 | 294856 |
| Total assets | $309383 | $387752 | $207210 | $481497 | $253065 | $385340 | $356521 | $311012 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $5288 | $3827 | $1250 | $4291 | $1399 | $2010 | $1212 | $1792 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 5835 | 3981 | 8467 | 20450 | 8653 | 14246 | 7476 | 9409 |
| Total current liabilities | 11122 | 7807 | 9716 | 24741 | 10052 | 16256 | 8688 | 11200 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1995 | 3443 | 2543 | 2495 | 2993 | 2845 | 2095 | 3443 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net |  |  | 138533 |  | 170480 |  | 256637 | 209220 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  |  | 17200 |  |  | 9400 | 5700 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 13117 | 11250 | 150792 | 44436 | 183525 | 19101 | 276819 | 229563 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 302446 | 391068 | 72278 | 494865 | 85759 | 376269 | 120907 | 103682 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (6179) | (14566) | (15860) | (57804) | (16220) | (10030) | (41206) | (22232) |
| Total members' equity (deficit) | 296266 | 376502 | 56418 | 437061 | 69540 | 366240 | 79701 | 81449 |
| **Total liabilities and members' equity (deficit)** | $309383 | $387752 | $207210 | $481497 | $253065 | $385340 | $356521 | $311012 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Rosewood** | **Roxy** | **Saddlebred** | **Saint** | **Sajni** | **Salem** | **Salinas** | **Saturn** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $7750 | $6560 | $3702 | $12626 | $70064 | $2886 | $7216 | $2294 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  | 1377 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3031 | 4703 | 5764 | 4368 | 10 | 4159 |  | 2740 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 5453 | 4413 | 7597 | 4695 | 6254 | 4380 | 2634 | 4681 |
| Total current assets | 16234 | 15676 | 18441 | 21689 | 76328 | 11426 | 9850 | 9715 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 249788 | 300848 | 436912 | 295509 | 303535 | 285237 | 221422 | 196165 |
| Total assets | $266022 | $316524 | $455353 | $317198 | $379863 | $296663 | $231272 | $205881 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1176 | $1270 | $- | $1162 | $47597 | $1213 | $2697 | $1175 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 5986 | 6780 | 9458 | 7020 | 29496 | 16873 | 4926 | 7459 |
| Total current liabilities | 7162 | 8050 | 9458 | 8182 | 77093 | 18086 | 7623 | 8633 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2768 | 1995 | 3045 | 2495 | 2745 | 2195 | 1945 | 1495 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 187061 | 218350 | 329662 | 209918 |  | 208999 |  | 138181 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 5100 | 15200 | 23400 |  | 17000 | 5700 | 20300 | 11900 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 202091 | 243595 | 365565 | 220595 | 96838 | 234979 | 29868 | 160210 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 91408 | 110600 | 165707 | 99732 | 292415 | 95869 | 227846 | 84156 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (27477) | (37670) | (75918) | (3129) | (9389) | (34185) | (26442) | (38485) |
| Total members' equity (deficit) | 63931 | 72930 | 89789 | 96603 | 283025 | 61684 | 201404 | 45671 |
| **Total liabilities and members' equity (deficit)** | $266022 | $316524 | $455353 | $317198 | $379863 | $296663 | $231272 | $205881 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Scepter** | **Sequoyah** | **Shallowford** | **Shoreline** | **Sigma** | **Simon** | **Sims** | **Soapstone** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $17220 | $6587 | $6639 | $6976 | $9161 | $16190 | $13096 | $11187 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 4041 | 257 | 5127 | 2786 | 4764 | 470 | 478 |  |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 3408 | 3828 | 8253 | 5623 | 3867 | 2513 | 4516 | 4117 |
| Total current assets | 24669 | 10673 | 20019 | 15384 | 17792 | 19174 | 18091 | 15304 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 247826 | 236068 | 335089 | 278430 | 349474 | 276354 | 259932 | 202648 |
| Total assets | $272495 | $246741 | $355108 | $293814 | $367266 | $295528 | $278023 | $217951 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $7846 | $6215 | $1632 | $1616 | $1586 | $2325 | $3091 | $6157 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 11398 | 5652 | 11329 | 5167 | 8957 | 3920 | 3887 | 6069 |
| Total current liabilities | 19244 | 11867 | 12962 | 6783 | 10543 | 6245 | 6978 | 12226 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2195 | 2295 | 2345 | 2295 | 2869 | 2095 | 2768 | 2350 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 187097 | 122502 | 177031 | 210037 | 267052 |  |  | 127122 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 6800 | 17200 | 8600 | 16600 |  |  |  | 6900 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 215336 | 153864 | 200937 | 235715 | 280464 | 8340 | 9745 | 148598 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 90761 | 137491 | 202601 | 94976 | 118339 | 286339 | 273373 | 70343 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (33602) | (44613) | (48430) | (36877) | (31537) | 849 | (5094) | (990) |
| Total members' equity (deficit) | 57159 | 92878 | 154171 | 58099 | 86802 | 287188 | 268278 | 69354 |
| **Total liabilities and members' equity (deficit)** | $272495 | $246741 | $355108 | $293814 | $367266 | $295528 | $278023 | $217951 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Sodalis** | **Spencer** | **Splash** | **Spring** | **Stonebriar** | **Sugar** | **Summerset** | **Sundance** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $1494 | $4560 | $9335 | $3261 | $6918 | $3486 | $5758 | $6806 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 52 | 2226 | 150 | 139 | 3530 | 4994 | 2178 | 178 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 2891 | 7744 | 3170 | 231 | 3327 | 5556 | 5774 | 12260 |
| Total current assets | 4437 | 14530 | 12655 | 3631 | 13776 | 14035 | 13710 | 19244 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 268627 | 269431 | 192706 | 229594 | 187198 | 279213 | 238836 | 298802 |
| Total assets | $273064 | $283961 | $205361 | $233226 | $200973 | $293249 | $252546 | $318046 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $7107 | $2466 | $5248 | $3993 | $1409 | $1477 | $1553 | $12338 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 1663 | 6244 | 6012 | 4805 | 4867 | 6606 | 5197 | 11940 |
| Total current liabilities | 8770 | 8710 | 11260 | 8797 | 6276 | 8082 | 6750 | 24279 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  | 2349 | 1550 | 1695 | 1395 | 3590 | 2843 | 2595 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net |  | 192668 | 122075 |  | 132827 | 199104 | 163670 | 155663 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 8500 | 9400 | 8200 |  | 16000 | 6000 | 24500 | 6700 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 17270 | 213127 | 143085 | 10492 | 156499 | 216776 | 197763 | 189236 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 283349 | 94206 | 73894 | 235793 | 72516 | 118764 | 87721 | 172074 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (27555) | (23372) | (11618) | (13060) | (28041) | (42291) | (32938) | (43264) |
| Total members' equity (deficit) | 255794 | 70834 | 62276 | 222733 | 44475 | 76473 | 54783 | 128810 |
| **Total liabilities and members' equity (deficit)** | $273064 | $283961 | $205361 | $233226 | $200973 | $293249 | $252546 | $318046 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Sunnyside** | **Swift** | **Taylor** | **Terracotta** | **Theodore** | **Tulip** | **Tuscan** | **Tuscarora** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $14544 | $20567 | $982 | $14437 | $13379 | $6138 | $17256 | $10684 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 219 | (0) | 2788 | 4288 | 470 | 3571 | 454 | 110 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 3338 | 4981 | 1379 | 3178 | 2395 | 5033 | - | 8576 |
| Total current assets | 18100 | 25548 | 5149 | 21903 | 16244 | 14742 | 17711 | 19370 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 208192 | 319504 | 215368 | 296416 | 274298 | 292326 | 287690 | 314315 |
| Total assets | $226293 | $345052 | $220517 | $318319 | $290541 | $307068 | $305401 | $333685 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2028 | $17485 | $1204 | $7607 | $2314 | $1383 | $7647 | $4234 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  | 1276 |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3618 | 12681 | 6290 | 11305 | 3640 | 6993 | 8495 | 5228 |
| Total current liabilities | 5647 | 30167 | 7494 | 18911 | 5955 | 8377 | 17417 | 9462 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1845 | 2195 |  | 1745 | 2245 | 2195 | 2295 |  |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net |  |  | 112230 | 220449 |  | 219747 | 180926 |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  | 11100 | 32400 |  | 24300 |  |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 7492 | 32362 | 130823 | 273506 | 8200 | 254619 | 200638 | 9462 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 212319 | 323798 | 135743 | 110578 | 287585 | 103520 | 112703 | 325027 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | 6482 | (11108) | (46048) | (65764) | (5243) | (51071) | (7940) | (804) |
| Total members' equity (deficit) | 218801 | 312690 | 89694 | 44814 | 282342 | 52449 | 104763 | 324224 |
| **Total liabilities and members' equity (deficit)** | $226293 | $345052 | $220517 | $318319 | $290541 | $307068 | $305401 | $333685 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Tuxford** | **Vernon** | **Walton** | **Wave** | **Weldon** | **Wellington** | **Wentworth** | **Wescott** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $4526 | $4029 | $10947 | $3735 | $4085 | $6960 | $8805 | $4719 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3954 | 3393 | 81 | 4063 | 2656 |  | 2568 | 1025 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 2380 | 5253 | 3609 | 9064 | 4041 | 6793 | 3500 | 5258 |
| Total current assets | 10861 | 12675 | 14638 | 16862 | 10783 | 13754 | 14873 | 11001 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 240697 | 235626 | 278315 | 307489 | 190515 | 379759 | 210877 | 253526 |
| Total assets | $251557 | $248301 | $292953 | $324351 | $201297 | $393512 | $225750 | $264527 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1315 | $1453 | $7521 | $1765 | $1100 | $4924 | $1122 | $1287 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 7871 | 5679 | 12247 | 10523 | 7626 | 7180 | 6163 | 10224 |
| Total current liabilities | 9186 | 7131 | 19769 | 12288 | 8726 | 12104 | 7286 | 11511 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1895 | 2843 | 1895 | 2195 | 2168 | 2395 | 1595 | 3440 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 176643 | 179974 |  | 221840 | 134948 |  | 155275 | 133132 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 25800 | 7400 | 29000 | 94200 |  |  |  | 20800 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 213524 | 197347 | 50664 | 330523 | 145842 | 14499 | 164155 | 168883 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 92643 | 83776 | 291174 | 112224 | 80160 | 394745 | 64103 | 144879 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (54609) | (32822) | (48885) | (118396) | (24705) | (15732) | (2508) | (49234) |
| Total members' equity (deficit) | 38033 | 50953 | 242289 | (6172) | 55455 | 379013 | 61595 | 95644 |
| **Total liabilities and members' equity (deficit)** | $251557 | $248301 | $292953 | $324351 | $201297 | $393512 | $225750 | $264527 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Westchester** | **Wildwood** | **Willow** | **Wilson** | **Winchester** |
| **ASSETS** |  |  |  |  |  |
| Current assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $4222 | $8167 | $1336 | $8937 | $5906 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3983 | 2847 | 222 | 61 | 426 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 3060 | 4204 | 3452 | 4590 | 2789 |
| Total current assets | 11265 | 15218 | 5010 | 13588 | 9122 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 306076 | 203609 | 271586 | 358010 | 257131 |
| Total assets | $317340 | $218827 | $276597 | $371598 | $266253 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1604 | $1110 | $4425 | $7420 | $3468 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 8126 | 6604 | 5579 | 7248 | 2873 |
| Total current liabilities | 9731 | 7714 | 10004 | 14667 | 6341 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 3119 | 1945 | 1545 | 2445 | 1895 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 196526 | 107361 |  |  |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 16600 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - |
| Total liabilities | 225976 | 117020 | 11549 | 17112 | 8236 |
| Members' equity (deficit) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 140211 | 112936 | 278945 | 362567 | 272060 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (48846) | (11129) | (13897) | (8081) | (14044) |
| Total members' equity (deficit) | 91365 | 101807 | 265048 | 354486 | 258016 |
| **Total liabilities and members' equity (deficit)** | $317340 | $218827 | $276597 | $371598 | $266253 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Windsor** | **Winston** | **Wisteria** | **Unallocated members capital** | **Consolidated** |
| **ASSETS** |  |  |  |  |  |
| Current assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $18700 | $10761 | $7939 | $- | $2304110 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  | 1377 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 4371 | 213 | 3412 |  | 493703 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 5356 | 5001 | 5131 | - | 1075930 |
| Total current assets | 28428 | 15976 | 16483 |  | 3875119 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 314329 | 305810 | 278377 | - | 71178521 |
| Total assets | $342756 | $321786 | $294859 | $- | $75053640 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $9029 | $3226 | $1300 | $- | $909063 |
| &nbsp;&nbsp;&nbsp;Due to third party property managers |  |  |  |  | 16196 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 13232 | 5896 | 5699 | - | 2068570 |
| Total current liabilities | 22261 | 9122 | 6999 |  | 2993829 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2595 | 1795 | 3143 |  | 528168 |
| &nbsp;&nbsp;&nbsp;Mortgage payable, net | 224878 |  | 205420 |  | 23729820 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 48300 |  | 9300 |  | 2354400 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | 179235 | 179235 |
| Total liabilities | 298034 | 10917 | 224862 | 179235 | 29785452 |
| Members' equity (deficit) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 114006 | 318898 | 96096 | (42205) | 52104007 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (69284) | (8028) | (26098) | (137030) | (6835819) |
| Total members' equity (deficit) | 44722 | 310869 | 69997 | (179235) | 45268188 |
| **Total liabilities and members' equity (deficit)** | $342756 | $321786 | $294859 | $- | $75053640 |

---

The accompanying notes are an integral part of these consolidated and consolidating financial statements.

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)<br> AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **100** | **101** | **Abbington** | **Abernant** | **Alvin** | **Amber** | **Apollo** | **Aster** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $14219 | $4848 | $10672 | $12076 | $26090 | $3964 | $1694 | $5281 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 662 | 665 | 764 | 555 | 781 | 3109 | 3152 | 2564 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 102 | 5803 | 8601 | 3489 | 1559 | 3734 | 4316 | 3783 |
| Total current assets | 14983 | 11316 | 20037 | 16120 | 28430 | 10807 | 9162 | 11628 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 575664 | 595785 | 454162 | 221276 | 309375 | 280333 | 195299 | 240476 |
| Total assets | $590647 | $607102 | $474200 | $237396 | $337806 | $291140 | $204461 | $252103 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $6905 | $5654 | $6723 | $2895 | $6261 | $2679 | $1569 | $1708 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  | 3095 | 2845 | 1745 | 2545 | 1950 | 1345 | 2245 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 17813 | 19046 | 14398 | 1358 | 2019 | 4504 | 2784 | 3674 |
| Total current liabilities | 24718 | 27795 | 23966 | 5998 | 10824 | 9133 | 5699 | 7627 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net |  |  |  |  |  | 198818 | 133320 | 124448 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  | 17900 |  |  |  | 6900 | 20000 | 9700 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 24718 | 45695 | 23966 | 5998 | 10824 | 214851 | 159018 | 141774 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 584173 | 630298 | 464920 | 240972 | 325421 | 111583 | 71017 | 148761 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (18244) | (68891) | (14687) | (9574) | 1560 | (35295) | (25574) | (38432) |
| Total members' equity (deficit) | 565929 | 561406 | 450233 | 231398 | 326981 | 76289 | 45443 | 110329 |
| Total liabilities and members' equity (deficit) | $590647 | $607102 | $474200 | $237396 | $337806 | $291140 | $204461 | $252103 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)<br> AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Augusta** | **Avebury** | **Avondale** | **Badminton** | **Ballinger** | **Bandelier** | **Baron** | **Basil** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $19643 | $3606 | $6934 | $5085 | $12717 | $6425 | $13820 | $6984 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 912 | 2404 | 471 | 2281 | 414 | 4370 | 800 | 2164 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 3905 | 4320 | 3977 | 4789 | 4838 | 3529 | 2062 | 3700 |
| Total current assets | 24460 | 10330 | 11381 | 12155 | 17970 | 14324 | 16682 | 12848 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 286622 | 271005 | 318137 | 237551 | 293005 | 323643 | 542706 | 184273 |
| Total assets | $311082 | $281335 | $329519 | $249706 | $310975 | $337967 | $559388 | $197121 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2995 | $1747 | $2576 | $1967 | $4882 | $1551 | $8820 | $1842 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1995 | 1795 | 1995 | 2195 | 2320 | 2245 | 3345 | 1595 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2711 | 4186 | 3314 | 3709 | 1986 | 4759 | 16903 | 3151 |
| Total current liabilities | 7702 | 7728 | 7885 | 7871 | 9189 | 8555 | 29068 | 6588 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net |  | 200942 |  | 172006 |  | 242616 |  | 129806 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  | 5400 |  | 17300 |  |  |  | 9700 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 7702 | 214070 | 7885 | 197176 | 9189 | 251171 | 29068 | 146093 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 307126 | 95183 | 339751 | 78514 | 309281 | 119179 | 552801 | 63701 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (3745) | (27918) | (18118) | (25985) | (7495) | (32384) | (22481) | (12674) |
| Total members' equity (deficit) | 303380 | 67265 | 321633 | 52529 | 301786 | 86796 | 530319 | 51027 |
| Total liabilities and members' equity (deficit) | $311082 | $281335 | $329519 | $249706 | $310975 | $337967 | $559388 | $197121 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)<br> AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Bayside** | **Bazzel** | **Bedford** | **Bella** | **Belle** | **Belvedere** | **Bergenia** | **Blossom** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $4921 | $7449 | $3820 | $6160 | $6393 | $16602 | $15462 | $7063 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 4634 | 1366 | 3460 | 916 | 1398 | 524 | 346 | 502 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4173 | 3704 | 519 | 2868 | 4888 | 4549 | 3425 | 3281 |
| Total current assets | 13728 | 12519 | 7799 | 9944 | 12679 | 21675 | 19233 | 10845 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 233527 | 251160 | 261618 | 296522 | 413881 | 284951 | 211029 | 239996 |
| Total assets | $247254 | $263679 | $269418 | $306466 | $426560 | $306626 | $230262 | $250842 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2150 | $7393 | $1505 | $4498 | $2434 | $2770 | $2898 | $4829 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2619 | 1845 | 2295 | 1945 | 2649 | 2295 | 1845 | 1845 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3784 | 7288 | 10701 | 6605 | 6454 | 3030 | 1788 | 3338 |
| Total current liabilities | 8552 | 16526 | 14501 | 13048 | 11536 | 8095 | 6532 | 10011 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 163623 |  | 194570 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 10000 | 21700 |  |  | 23600 |  |  | 7400 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 182176 | 38226 | 209071 | 13048 | 35136 | 8095 | 6532 | 17411 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 86632 | 250601 | 90397 | 317941 | 432714 | 296472 | 223079 | 256305 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (21554) | (25148) | (30050) | (24522) | (41290) | 2060 | 651 | (22875) |
| Total members' equity (deficit) | 65078 | 225453 | 60346 | 293418 | 391424 | 298531 | 223730 | 233430 |
| Total liabilities and members' equity (deficit) | $247254 | $263679 | $269418 | $306466 | $426560 | $306626 | $230262 | $250842 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Bonneau** | **Brainerd** | **Braxton** | **Brennan** | **Briarwood** | **Brooklyn** | **Burlington** | **Butter** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $5771 | $17919 | $6295 | $4049 | $15889 | $4299 | $5097 | $5879 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 1271 | 672 | 839 | 3532 | 586 | 506 | 2349 | 5455 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4568 | 4812 | 3605 | 5085 | 3387 | 3535 | 5494 | 8779 |
| Total current assets | 11611 | 23403 | 10738 | 12666 | 19861 | 8340 | 12940 | 20113 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 319096 | 276412 | 304942 | 212325 | 203029 | 161399 | 609252 | 348556 |
| Total assets | $330707 | $299815 | $315681 | $224991 | $222890 | $169738 | $622192 | $368669 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $10180 | $5806 | $2575 | $1947 | $3931 | $1818 | $8914 | $2446 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2295 | 2595 | 2045 | 1545 | 1995 | 1249 | 3195 | 2795 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 8221 | 3489 | 4433 | 2363 | 1367 | 2057 | 23193 | 5048 |
| Total current liabilities | 20696 | 11890 | 9053 | 5855 | 7292 | 5124 | 35302 | 10289 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net |  | 142885 |  | 153947 |  | 81790 |  | 259985 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  | 10700 | 35200 |  | 13100 |  | 24200 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 20696 | 154776 | 19753 | 195001 | 7292 | 100014 | 35302 | 294474 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 330505 | 152880 | 313277 | 84906 | 222164 | 96287 | 617909 | 116033 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (20494) | (7840) | (17349) | (54916) | (6566) | (26563) | (31019) | (41837) |
| Total members' equity (deficit) | 310011 | 145040 | 295928 | 29990 | 215598 | 69725 | 586890 | 74196 |
| Total liabilities and members' equity (deficit) | $330707 | $299815 | $315681 | $224991 | $222890 | $169738 | $622192 | $368669 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Calvin** | **Camino** | **Cawley** | **Centennial** | **Chaparral** | **Chelsea** | **Chester** | **Chickamauga** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $20020 | $7713 | $17482 | $- | $9712 | $8741 | $10082 | $18721 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 464 | 360 | 1014 |  | 353 | 3509 | 3849 | 1074 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 3620 | 2221 | 3951 | - | 3320 | 3745 | 6242 | 5817 |
| Total current assets | 24104 | 10293 | 22447 |  | 13384 | 15995 | 20173 | 25612 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 229346 | 249631 | 303986 | - | 176114 | 287195 | 349439 | 354657 |
| Total assets | $253450 | $259924 | $326433 | $- | $189498 | $303190 | $369612 | $380269 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $5159 | $2419 | $3531 | $- | $5998 | $3062 | $1966 | $6321 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1795 | 1595 | 2195 |  | 1695 | 1895 | 3943 | 3693 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 1514 | 3462 | 3037 | - | 4061 | 3381 | 4967 | 4699 |
| Total current liabilities | 8468 | 7475 | 8763 |  | 11754 | 8338 | 10875 | 14713 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net |  |  |  |  | 103349 | 213349 | 181865 |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 8468 | 7475 | 8763 |  | 115103 | 221687 | 192741 | 14713 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 246377 | 257191 | 316113 | (42205) | 74649 | 99165 | 208244 | 361199 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (1396) | (4742) | 1557 | 42205 | (254) | (17661) | (31373) | 4357 |
| Total members' equity (deficit) | 244981 | 252448 | 317670 | - | 74394 | 81503 | 176872 | 365556 |
| Total liabilities and members' equity (deficit) | $253450 | $259924 | $326433 | $- | $189498 | $303190 | $369612 | $380269 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Chinook** | **Chitwood** | **Clover** | **Coatbridge** | **Collier** | **Collinston** | **Conway** | **Cove** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $6864 | $13968 | $3654 | $4367 | $5342 | $1002 | $6782 | $2682 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 1161 | 479 | 756 | 2989 | 479 | 2015 | 1330 | 630 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4166 | 5009 | 6111 | 3447 | 4633 | 5927 | 6583 | 7277 |
| Total current assets | 12191 | 19456 | 10521 | 10803 | 10454 | 8945 | 14696 | 10589 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 300550 | 359975 | 311203 | 252996 | 334188 | 193420 | 646284 | 202300 |
| Total assets | $312742 | $379431 | $321724 | $263799 | $344643 | $202365 | $660980 | $212889 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $3339 | $8972 | $2696 | $2052 | $3792 | $1778 | $7901 | $1443 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1995 | 2795 | 1995 | 3143 | 2445 | 1595 | 3645 | 1695 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2677 | 5638 | 14196 | 4042 | 12951 | 4756 | 9946 | 4115 |
| Total current liabilities | 8011 | 17405 | 18887 | 9236 | 19188 | 8128 | 21492 | 7252 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net |  |  |  | 173287 |  | 134919 |  |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 5200 |  |  | 25400 |  | 29400 | 11800 | 18700 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 13211 | 17405 | 18887 | 207923 | 19188 | 172447 | 33292 | 25952 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 315340 | 366559 | 312983 | 97440 | 333813 | 82897 | 670024 | 220661 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (15809) | (4533) | (10146) | (41564) | (8359) | (52978) | (42336) | (33725) |
| Total members' equity (deficit) | 299531 | 362026 | 302837 | 55876 | 325455 | 29918 | 627687 | 186936 |
| Total liabilities and members' equity (deficit) | $312742 | $379431 | $321724 | $263799 | $344643 | $202365 | $660980 | $212889 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Creekside** | **Creekwood** | **Cumberland** | **Cupcake** | **Cypress** | **Daisy** | **Davidson** | **Dawson** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $10948 | $9400 | $10567 | $8611 | $4137 | $6204 | $1690 | $3807 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 520 | 4075 | 576 | 1886 | 8906 | 481 | 3377 | 3417 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4190 | 3895 | 3690 | 3270 | 5086 | 3505 | 1535 | 3837 |
| Total current assets | 15658 | 17371 | 14833 | 13767 | 18129 | 10190 | 6601 | 11061 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 292652 | 272288 | 278720 | 207979 | 344386 | 283453 | 194082 | 208863 |
| Total assets | $308310 | $289659 | $293553 | $221747 | $362515 | $293642 | $200684 | $219924 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $6191 | $1720 | $5129 | $2027 | $2410 | $5359 | $1753 | $1732 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2395 | 1795 | 2145 | 1595 | 2395 | 1695 | 1495 | 1745 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 4537 | 3780 | 4409 | 3642 | 8675 | 4899 | 2826 | 3432 |
| Total current liabilities | 13123 | 7295 | 11682 | 7264 | 13480 | 11953 | 6074 | 6908 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net |  | 141379 |  | 150160 | 179203 |  | 145343 | 144296 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  |  |  |  |  | 14600 | 23900 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 13123 | 148674 | 11682 | 157425 | 192683 | 11953 | 166017 | 175104 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 289869 | 165143 | 285755 | 65530 | 205695 | 287909 | 71290 | 81451 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | 5318 | (24158) | (3884) | (1207) | (35863) | (6220) | (36623) | (36632) |
| Total members' equity (deficit) | 295187 | 140985 | 281871 | 64322 | 169832 | 281689 | 34667 | 44820 |
| Total liabilities and members' equity (deficit) | $308310 | $289659 | $293553 | $221747 | $362515 | $293642 | $200684 | $219924 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Delta** | **Dewberry** | **Diablo** | **Dogwood** | **Dolittle** | **Dolly** | **Dops** | **Dorchester** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $3316 | $1707 | $5138 | $8906 | $5223 | $7104 | $5867 | $5646 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 4773 | 1776 | 3782 | 692 | 3623 | 961 | 467 | 1753 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4049 | 5274 | 5277 | 1362 | 341 | 7369 | 3045 | 1525 |
| Total current assets | 12138 | 8757 | 14198 | 10960 | 9187 | 15434 | 9379 | 8925 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 324379 | 172911 | 277769 | 226120 | 282244 | 649032 | 194963 | 323793 |
| Total assets | $336517 | $181668 | $291967 | $237080 | $291431 | $664466 | $204342 | $332718 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1990 | $1421 | $4466 | $2955 | $2649 | $7423 | $1371 | $11289 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2195 | 1695 | 2145 | 1750 | 2295 | 3995 | 1495 | 2195 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 5923 | 4066 | 4400 | 6658 | 4275 | 11793 | 2384 | 11238 |
| Total current liabilities | 10108 | 7182 | 11011 | 11363 | 9218 | 23211 | 5250 | 24721 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 224587 | 119497 | 205822 |  | 205508 |  |  |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 95700 | 18500 | 28300 |  | 6300 |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 330395 | 145179 | 245132 | 11363 | 221026 | 23211 | 5250 | 24721 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 118650 | 69064 | 98540 | 230377 | 98711 | 679924 | 203384 | 342741 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (112528) | (32574) | (51705) | (4660) | (28306) | (38669) | (4292) | (34745) |
| Total members' equity (deficit) | 6122 | 36489 | 46835 | 225717 | 70405 | 641255 | 199092 | 307996 |
| Total liabilities and members' equity (deficit) | $336517 | $181668 | $291967 | $237080 | $291431 | $664466 | $204342 | $332718 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Dunbar** | **Eagle** | **Eastfair** | **Eastwood** | **Elevation** | **Ella** | **Ellen** | **Elm** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $426 | $13114 | $4031 | $12167 | $1609 | $8722 | $22186 | $3599 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 447 | 3476 | 4268 | 753 | 2906 | 518 | 734 | 3375 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 7068 | 4015 | 4005 | 4269 | 5628 | 906 | 3401 | 4696 |
| Total current assets | 7941 | 20606 | 12304 | 17189 | 10143 | 10147 | 26321 | 11669 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 313068 | 261146 | 195634 | 310133 | 252465 | 249878 | 240524 | 151093 |
| Total assets | $321009 | $281752 | $207937 | $327322 | $262608 | $260025 | $266845 | $162762 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $3353 | $2309 | $1418 | $5904 | $1795 | $4798 | $5830 | $1963 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2495 | 1995 | 1949 | 2395 | 1895 | 1995 | 2693 | 1495 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 10485 | 3697 | 4903 | 2050 | 6352 | 2602 | 2015 | 2524 |
| Total current liabilities | 16333 | 8000 | 8270 | 10349 | 10042 | 9395 | 10537 | 5981 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net |  | 131818 | 148019 |  | 170446 |  |  | 105868 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 41000 |  | 17500 |  | 55100 |  |  | 12400 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 57333 | 139819 | 173789 | 10349 | 235588 | 9395 | 10537 | 124250 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 322376 | 145260 | 59630 | 339255 | 101398 | 262470 | 258163 | 59174 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (58700) | (3328) | (25482) | (22282) | (74378) | (11840) | (1854) | (20662) |
| Total members' equity (deficit) | 263676 | 141933 | 34148 | 316973 | 27020 | 250630 | 256308 | 38512 |
| Total liabilities and members' equity (deficit) | $321009 | $281752 | $207937 | $327322 | $262608 | $260025 | $266845 | $162762 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Emporia** | **Ensenada** | **Falcon** | **Felix** | **Fenwick** | **Fletcher** | **Folly** | **Forest** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $5187 | $5455 | $9362 | $7195 | $6766 | $16718 | $6899 | $6769 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 4157 | 5781 | 3571 | 622 | 952 | 277 | 1345 | 5730 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 1116 | 6470 | 3937 | 3872 | 3246 | 4335 | 4904 | 15199 |
| Total current assets | 10460 | 17706 | 16870 | 11689 | 10964 | 21329 | 13148 | 27698 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 327028 | 518995 | 261818 | 245121 | 289780 | 170437 | 297864 | 328982 |
| Total assets | $337488 | $536701 | $278688 | $256811 | $300744 | $191767 | $311012 | $356680 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2185 | $(587) | $2570 | $2941 | $2476 | $2175 | $8803 | $2297 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2495 | 3195 | 2345 | 2393 | 1850 | 1395 | 2695 | 2445 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 5021 | 9840 | 3409 | 1901 | (351) | 1094 | 9221 | 5159 |
| Total current liabilities | 9701 | 12447 | 8324 | 7234 | 3976 | 4664 | 20719 | 9901 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 242664 | 388700 | 131809 |  |  |  |  | 225330 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 15700 | 10700 |  |  |  |  | 6600 | 60400 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 268065 | 411847 | 140132 | 7234 | 3976 | 4664 | 27319 | 295631 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 118276 | 184372 | 146011 | 253695 | 309397 | 187094 | 308675 | 134412 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (48853) | (59519) | (7455) | (4119) | (12629) | 8 | (24982) | (73364) |
| Total members' equity (deficit) | 69423 | 124854 | 138556 | 249576 | 296768 | 187102 | 283693 | 61048 |
| Total liabilities and members' equity (deficit) | $337488 | $536701 | $278688 | $256811 | $300744 | $191767 | $311012 | $356680 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Foster** | **Franklin** | **Gardens** | **General** | **Goose** | **Grant** | **Greenhill** | **Gretal** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $22788 | $11854 | $4183 | $9492 | $11278 | $6958 | $5904 | $18017 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 410 | 985 | 1932 | 869 | 3510 | 4759 | 4322 | 711 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4670 | 4017 | 4256 | 4668 | 2747 | 4657 | 5323 | 4838 |
| Total current assets | 27868 | 16856 | 10371 | 15029 | 17535 | 16374 | 15549 | 23565 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 302923 | 293074 | 210555 | 306116 | 243367 | 346126 | 303446 | 426914 |
| Total assets | $330791 | $309931 | $220925 | $321145 | $260902 | $362500 | $318995 | $450479 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $7863 | $9665 | $2136 | $5366 | $2285 | $2164 | $2194 | $6129 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2349 | 2595 | 1595 | 2495 | 1895 |  | 3119 | 2395 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2913 | 2603 | 3170 | 2779 | 3302 | 4840 | 8663 | 5665 |
| Total current liabilities | 13126 | 14863 | 6901 | 10640 | 7482 | 7003 | 13976 | 14189 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net |  |  | 134889 |  | 122739 | 256592 | 225565 |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  | 11000 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 13126 | 14863 | 152790 | 10640 | 130221 | 263595 | 239541 | 14189 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 316374 | 310765 | 86092 | 323949 | 134914 | 122739 | 98384 | 449556 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | 1291 | (15698) | (17956) | (13444) | (4233) | (23834) | (18930) | (13266) |
| Total members' equity (deficit) | 317665 | 295067 | 68136 | 310505 | 130681 | 98905 | 79454 | 436291 |
| Total liabilities and members' equity (deficit) | $330791 | $309931 | $220925 | $321145 | $260902 | $362500 | $318995 | $450479 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Grove** | **Hadden** | **Hansard** | **Hansel** | **Hargrave** | **Harrison** | **Henry** | **Heritage** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $2003 | $3675 | $18918 | $4001 | $12446 | $14150 | $5077 | $7302 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3032 | 3153 | 660 | 5341 | 464 | 4630 | 686 | 4671 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4057 | 3812 | 4666 | 5064 | 2880 | 5677 | 1442 | 4245 |
| Total current assets | 9093 | 10640 | 24244 | 14407 | 15790 | 24456 | 7205 | 16218 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 217615 | 204796 | 289052 | 382958 | 226956 | 431885 | 404943 | 275216 |
| Total assets | $226707 | $215436 | $313296 | $397365 | $242746 | $456341 | $412148 | $291434 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1552 | $1371 | $5893 | $1895 | $5030 | $3851 | $4084 | $1423 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1869 | 1645 | 2450 | 3003 | 3190 | 3045 | 2395 | 1995 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 4229 | 3707 | 3318 | 6909 | 1100 | 6039 | 5792 | 3954 |
| Total current liabilities | 7650 | 6723 | 11661 | 11807 | 9320 | 12935 | 12271 | 7372 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 155746 | 141851 |  | 197578 |  | 225051 |  | 200929 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 11100 |  |  | 16200 |  |  | 49500 | 19300 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 174496 | 148574 | 11661 | 225585 | 9320 | 237987 | 61771 | 227601 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 81372 | 80789 | 295324 | 225386 | 251079 | 245813 | 415466 | 99307 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (29161) | (13927) | 6311 | (53606) | (17654) | (27458) | (65088) | (35474) |
| Total members' equity (deficit) | 52212 | 66862 | 301635 | 171780 | 233425 | 218355 | 350378 | 63833 |
| Total liabilities and members' equity (deficit) | $226707 | $215436 | $313296 | $397365 | $242746 | $456341 | $412148 | $291434 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Heron** | **Highland** | **Hines** | **Hobbes** | **Holcomb** | **Holland** | **Hollandaise** | **Holloway** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $6112 | $5332 | $106 | $10734 | $12761 | $2840 | $3549 | $6286 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3893 | 404 | 292 | 464 | 434 | 3294 | 4384 | 3625 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 5107 | 2664 | 2889 | 3547 | 2573 | 4668 | 10633 | 5023 |
| Total current assets | 15112 | 8400 | 3287 | 14744 | 15768 | 10802 | 18566 | 14934 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 271465 | 270028 | 246115 | 227252 | 333265 | 193598 | 341081 | 309247 |
| Total assets | $286577 | $278428 | $249402 | $241997 | $349033 | $204399 | $359647 | $324181 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2370 | $5849 | $3386 | $5319 | $4310 | $1573 | $1948 | $2003 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2369 |  | 1845 | 2393 | 2095 | 2168 | 1895 | 3119 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 6189 | 3724 | 9229 | 1435 | 10678 | 5206 | 5999 | 5026 |
| Total current liabilities | 10927 | 9573 | 14460 | 9147 | 17083 | 8946 | 9842 | 10148 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 198843 |  |  |  |  | 145348 | 253086 | 218393 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 7100 |  |  |  |  |  | 13200 | 9900 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 216870 | 9573 | 14460 | 9147 | 17083 | 154295 | 276127 | 238441 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 99250 | 272280 | 251890 | 250279 | 344800 | 81714 | 134225 | 117355 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (29543) | (3425) | (16949) | (17429) | (12849) | (31610) | (50706) | (31615) |
| Total members' equity (deficit) | 69707 | 268855 | 234942 | 232850 | 331950 | 50105 | 83519 | 85740 |
| Total liabilities and members' equity (deficit) | $286577 | $278428 | $249402 | $241997 | $349033 | $204399 | $359647 | $324181 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Inglewood** | **Irene** | **Jack** | **Jake** | **Jefferson** | **Jill** | **Johnny** | **June** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $10103 | $17882 | $1571 | $5636 | $17605 | $7824 | $7839 | $4951 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 1753 | 488 | 4916 | 1229 | 1277 | 6684 | 811 | 812 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 6482 | 2740 | 5041 | 7280 | 4744 | 4461 | 6015 | 3098 |
| Total current assets | 18338 | 21110 | 11528 | 14145 | 23626 | 18968 | 14665 | 8861 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 640898 | 170437 | 391556 | 553020 | 261716 | 378245 | 551194 | 551194 |
| Total assets | $659236 | $191548 | $403084 | $567165 | $285342 | $397213 | $565859 | $560055 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $8695 | $3427 | $1397 | $8929 | $5359 | $2068 | $6769 | $10192 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 3445 | 1395 | 3143 | 2995 | 2595 | 2195 | 2995 | 2945 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 8935 | 1139 | 7293 | 17675 | 3061 | 4544 | 17006 | 16679 |
| Total current liabilities | 21075 | 5961 | 11832 | 29599 | 11015 | 8807 | 26769 | 29816 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net |  |  | 286974 |  |  | 196902 |  |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  | 9600 | 14800 |  |  | 19200 | 9300 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 21075 | 5961 | 308407 | 44399 | 11015 | 205709 | 45969 | 39116 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 674075 | 186133 | 144715 | 578700 | 267982 | 220502 | 570461 | 576837 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (35913) | (547) | (50037) | (55934) | 6346 | (28998) | (50571) | (55898) |
| Total members' equity (deficit) | 638161 | 185586 | 94678 | 522766 | 274328 | 191504 | 519889 | 520939 |
| Total liabilities and members' equity (deficit) | $659236 | $191548 | $403084 | $567165 | $285342 | $397213 | $565859 | $560055 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Jupiter** | **Kawana** | **Kennesaw** | **Kenny** | **KerriAnn** | **Kessler** | **Kingsley** | **Kirkwood** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $6961 | $9329 | $10695 | $7269 | $1987 | $2283 | $7981 | $1311 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 2343 | 3730 | 868 | 973 | 2919 | 2466 | 658 | 4111 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 3467 | 4733 | 3101 | 6331 | 5502 | - | 3227 | 6656 |
| Total current assets | 12770 | 17791 | 14665 | 14572 | 10408 | 4750 | 11866 | 12079 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 193416 | 256799 | 399798 | 649032 | 313036 | 246253 | 286793 | 251575 |
| Total assets | $206186 | $274590 | $414463 | $663604 | $323444 | $251002 | $298659 | $263654 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1810 | $2082 | $2825 | $7507 | $1889 | $2816 | $2009 | $2350 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1550 | 2543 | 2595 | 3345 | 1995 |  | 2869 | 2393 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3280 | 3834 | 12374 | 10019 | 5894 | 9676 | 4245 | 4722 |
| Total current liabilities | 6640 | 8458 | 17794 | 20871 | 9778 | 12493 | 9122 | 9464 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 138146 | 190513 |  |  | 235641 | 125438 | 212446 | 180073 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 6900 |  |  |  | 23600 |  | 15600 | 9700 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 151686 | 198971 | 17794 | 20871 | 269019 | 137931 | 237169 | 199238 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 80957 | 90801 | 415345 | 684974 | 117262 | 147788 | 96586 | 88079 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (26457) | (15182) | (18676) | (42241) | (62837) | (34716) | (35096) | (23663) |
| Total members' equity (deficit) | 54500 | 75619 | 396669 | 642733 | 54425 | 113071 | 61490 | 64416 |
| Total liabilities and members' equity (deficit) | $206186 | $274590 | $414463 | $663604 | $323444 | $251002 | $298659 | $263654 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Korin** | **Lallie** | **Lanier** | **Lannister** | **Latte** | **Lennox** | **Lierly** | **Lily** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $15433 | $5901 | $6484 | $1504 | $7920 | $3680 | $12250 | $7504 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 362 | 3517 | 5241 | 4549 | 936 | 1879 | 414 | 8246 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 3881 | 5177 | 2264 | 3181 | 747 | 3780 | 3530 | 5510 |
| Total current assets | 19677 | 14594 | 13988 | 9234 | 9604 | 9339 | 16194 | 21259 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 264681 | 345569 | 357882 | 167486 | 343244 | 197184 | 191871 | 489558 |
| Total assets | $284357 | $360163 | $371870 | $176720 | $352848 | $206524 | $208065 | $510817 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $6258 | $1889 | $1667 | $1734 | $1371 | $1938 | $6394 | $132 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1995 | 2295 |  | 1395 |  | 1795 | 1750 | 2395 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3258 | 5730 | 4823 | 3496 | 10489 | 3256 | 3702 | 7755 |
| Total current liabilities | 11511 | 9914 | 6490 | 6625 | 11860 | 6988 | 11846 | 10281 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net |  | 237722 | 261413 | 112704 |  | 137853 | 129936 | 308748 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  | 57200 | 11800 | 18700 |  | 9700 |  | 64000 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 11511 | 304836 | 279703 | 138029 | 11860 | 154542 | 141781 | 383029 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 268373 | 121831 | 128754 | 76536 | 349273 | 74191 | 63976 | 208084 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | 4473 | (66504) | (36588) | (37844) | (8285) | (22209) | 2308 | (80296) |
| Total members' equity (deficit) | 272847 | 55327 | 92166 | 38691 | 340988 | 51982 | 66284 | 127788 |
| Total liabilities and members' equity (deficit) | $284357 | $360163 | $371870 | $176720 | $352848 | $206524 | $208065 | $510817 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Limestone** | **Litton** | **Longwoods** | **Lookout** | **Loretta** | **Louis** | **Louise** | **Lovejoy** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $6065 | $13102 | $12962 | $12269 | $7031 | $18130 | $4541 | $4669 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 2830 | 659 | 1254 | 502 | 1340 | 886 | 3884 | 3580 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 3725 | 4686 | 3952 | 1301 | 3518 | 6745 | 4384 | 2541 |
| Total current assets | 12620 | 18447 | 18168 | 14072 | 11889 | 25762 | 12808 | 10790 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 267609 | 305063 | 260363 | 324000 | 645919 | 260282 | 257648 | 274340 |
| Total assets | $280229 | $323510 | $278531 | $338072 | $657809 | $286043 | $270456 | $285130 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2322 | $4836 | $7790 | $4223 | $5307 | $3316 | $1742 | $2230 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2095 | 2545 | 1995 | 2245 |  | 1895 | 1895 | 1995 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 4261 | 4003 | 2609 | 9553 | 14824 | 2337 | 5855 | 4262 |
| Total current liabilities | 8678 | 11384 | 12395 | 16021 | 20130 | 7548 | 9492 | 8487 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 200974 | 157667 |  |  |  |  | 180079 | 203034 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 21400 |  |  |  |  |  |  | 12300 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 231052 | 169051 | 12395 | 16021 | 20130 | 7548 | 189571 | 223822 |
| &nbsp;&nbsp;&nbsp;Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 106002 | 171860 | 277011 | 325512 | 655141 | 277440 | 96455 | 95047 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (56825) | (17401) | (10875) | (3461) | (17463) | 1056 | (15570) | (33739) |
| Total members' equity (deficit) | 49177 | 154459 | 266136 | 322051 | 637678 | 278495 | 80885 | 61308 |
| Total liabilities and members' equity (deficit) | $280229 | $323510 | $278531 | $338072 | $657809 | $286043 | $270456 | $285130 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Luna** | **Lurleen** | **Madison** | **Mae** | **Magnolia** | **Malbec** | **Mammoth** | **Marcelo** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $4217 | $1792 | $5617 | $10408 | $6885 | $5920 | $3385 | $7477 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 1841 | 783 | 2337 | 950 | 2806 | 2377 | 4921 | 336 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 3556 | 3711 | 4891 | 6858 | 4198 | 4520 | 4738 | 3618 |
| Total current assets | 9615 | 6287 | 12845 | 18216 | 13889 | 12818 | 13044 | 11431 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 195634 | 215308 | 193222 | 333179 | 238626 | 289658 | 318618 | 268570 |
| Total assets | $205248 | $221594 | $206067 | $351396 | $252514 | $302475 | $331662 | $280000 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2363 | $2121 | $1537 | $10369 | $1435 | $1963 | $1725 | $2722 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1895 | 1695 | 2174 | 4190 | 3290 | 2295 | 2095 | 1945 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3086 | 2533 | 3840 | 4862 | 3455 | 7931 | 5802 | 3983 |
| Total current liabilities | 7344 | 6349 | 7550 | 19421 | 8180 | 12190 | 9622 | 8650 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 148019 | 108350 | 99941 |  | 171128 | 205034 | 235697 |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 17800 | 7100 | 15900 |  | 23800 |  | 44300 |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 173162 | 121799 | 123391 | 19421 | 203108 | 217224 | 289619 | 8650 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 62997 | 122325 | 115263 | 339489 | 88617 | 97775 | 118575 | 279890 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (30911) | (22529) | (32587) | (7514) | (39211) | (12523) | (76533) | (8540) |
| Total members' equity (deficit) | 32086 | 99796 | 82675 | 331975 | 49406 | 85252 | 42043 | 271350 |
| Total liabilities and members' equity (deficit) | $205248 | $221594 | $206067 | $351396 | $252514 | $302475 | $331662 | $280000 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Marie** | **Marietta** | **Marion** | **Marple** | **Martell** | **Mary** | **Matchingham** | **McGregor** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $21404 | $4505 | $3900 | $4534 | $3557 | $15993 | $6184 | $6890 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 616 | 3882 | 2096 | 277 | 898 | 883 | 2072 | 416 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 5115 | 4407 | 3967 | - | 3805 | 4226 | 4049 | 4120 |
| Total current assets | 27135 | 12794 | 9963 | 4811 | 8261 | 21102 | 12305 | 11426 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 304617 | 285389 | 254770 | 169633 | 251246 | 262506 | 194017 | 281657 |
| Total assets | $331752 | $298183 | $264733 | $174444 | $259507 | $283609 | $206322 | $293082 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $5291 | $1422 | $2711 | $1812 | $2485 | $4852 | $2561 | $6931 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2745 | 2195 | 2295 |  | 1945 | 2095 | 1795 | 1895 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3569 | 4187 | 8007 | 1610 | 8660 | 2357 | 3920 | 9607 |
| Total current liabilities | 11605 | 7804 | 13013 | 3422 | 13090 | 9304 | 8276 | 18433 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net |  | 148605 |  |  |  |  | 144711 |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  | 18900 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 11605 | 175308 | 13013 | 3422 | 13090 | 9304 | 152987 | 18433 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 307839 | 170613 | 268032 | 186584 | 271776 | 271612 | 61698 | 284878 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | 12308 | (47738) | (16312) | (15562) | (25359) | 2692 | (8362) | (10228) |
| Total members' equity (deficit) | 320147 | 122875 | 251720 | 171022 | 246417 | 274304 | 53335 | 274650 |
| Total liabilities and members' equity (deficit) | $331752 | $298183 | $264733 | $174444 | $259507 | $283609 | $206322 | $293082 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **McLovin** | **Meadow** | **Mimosa** | **Mojave** | **Murphy** | **Mycroft** | **Nugget** | **Odessa** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $6004 | $3595 | $2486 | $2210 | $4252 | $13827 | $7300 | $6061 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 6157 | 3236 | 416 | 1823 | 3493 | 304 | 753 | 6172 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 6521 | 1352 | 1716 | 3870 | 3818 | 3080 | 6079 | 6332 |
| Total current assets | 18682 | 8182 | 4618 | 7903 | 11563 | 17212 | 14132 | 18565 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 489481 | 293884 | 200918 | 221465 | 273119 | 173476 | 525721 | 489353 |
| Total assets | $508162 | $302066 | $205537 | $229367 | $284682 | $190688 | $539853 | $507919 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $(1273) | $1616 | $2279 | $1869 | $2956 | $3130 | $11841 | $(1107) |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 3495 |  | 1495 | 2195 | 1995 | 1645 | 3295 | 3395 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 9335 | 5013 | 2839 | 7936 | 7472 | 1797 | 18978 | 9268 |
| Total current liabilities | 11556 | 6629 | 6613 | 12001 | 12423 | 6572 | 34114 | 11556 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 364344 | 212794 | 106022 | 160242 | 205200 |  |  | 371327 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 8300 |  |  |  |  |  |  | 35100 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 384201 | 219423 | 112635 | 172243 | 217623 | 6572 | 34114 | 417983 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 163948 | 125471 | 116028 | 65388 | 94216 | 183344 | 525716 | 178379 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (39986) | (42828) | (23126) | (8264) | (27158) | 771 | (19977) | (88444) |
| Total members' equity (deficit) | 123962 | 82643 | 92902 | 57124 | 67058 | 184116 | 505739 | 89936 |
| Total liabilities and members' equity (deficit) | $508162 | $302066 | $205537 | $229367 | $284682 | $190688 | $539853 | $507919 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Olive** | **Oly** | **Onyx** | **Oscar** | **Osceola** | **Osprey** | **Otoro** | **Palmer** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $4215 | $7918 | $5934 | $3177 | $6913 | $9493 | $1310 | $6345 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3170 | 5720 | 522 | 1040 | 3906 | 1363 | 3980 | 948 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 6977 | 5389 | 4490 | 5323 | 3584 | 2448 | 3365 | 3827 |
| Total current assets | 14361 | 19028 | 10946 | 9540 | 14404 | 13304 | 8655 | 11119 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 213486 | 490013 | 325381 | 246412 | 270808 | 332252 | 372144 | 287270 |
| Total assets | $227847 | $509041 | $336327 | $255953 | $285211 | $345556 | $380799 | $298389 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2194 | $(356) | $5152 | $1671 | $3271 | $11264 | $1991 | $2799 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1895 | 2995 | 2295 | 3390 | 1695 | 2295 | 2319 | 1895 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 4248 | 11799 | 2590 | 4278 | 2356 | 10201 | 7133 | 5553 |
| Total current liabilities | 8337 | 14438 | 10037 | 9339 | 7322 | 23760 | 11443 | 10246 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 124324 | 365046 |  |  |  |  | 271849 |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 19000 |  |  |  | 7000 |  | 78700 |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 151660 | 379484 | 10037 | 9339 | 14322 | 23760 | 361993 | 10246 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 107212 | 165693 | 331490 | 261736 | 296449 | 343894 | 131900 | 302774 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (31026) | (36136) | (5200) | (15122) | (25560) | (22098) | (113093) | (14631) |
| Total members' equity (deficit) | 76187 | 129557 | 326290 | 246614 | 270889 | 321796 | 18807 | 288143 |
| Total liabilities and members' equity (deficit) | $227847 | $509041 | $336327 | $255953 | $285211 | $345556 | $380799 | $298389 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Patrick** | **Peanut** | **Pearl** | **Pecan** | **Peterson** | **Piedmont** | **Pinot** | **Pioneer** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $6535 | $6822 | $6421 | $12097 | $16634 | $9652 | $7603 | $7993 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 389 | 2265 | 785 | 380 | 582 | 4913 | 3064 | 796 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 1867 | 3798 | 3892 | 3455 | 3299 | 4239 | 4720 | 6660 |
| Total current assets | 8791 | 12884 | 11097 | 15932 | 20514 | 18804 | 15386 | 15449 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 192559 | 201575 | 512390 | 186784 | 219871 | 361494 | 292454 | 551258 |
| Total assets | $201350 | $214459 | $523488 | $202716 | $240385 | $380299 | $307840 | $566707 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $5717 | $1811 | $6519 | $5987 | $3025 | $2015 | $2038 | $11132 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1595 | 2093 | 2945 | 1750 | 1595 | 2295 | 2395 | 3445 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 6987 | 3846 | 16454 | 4150 | 1360 | 5253 | 7321 | 20324 |
| Total current liabilities | 14300 | 7749 | 25918 | 11887 | 5979 | 9563 | 11753 | 34901 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 107895 | 145317 |  | 112448 |  | 188245 | 207162 |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 122195 | 153067 | 25918 | 124335 | 5979 | 197808 | 218915 | 34901 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 88386 | 72469 | 526530 | 74927 | 238666 | 220380 | 98928 | 566533 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (9231) | (11077) | (28960) | 3454 | (4260) | (37890) | (10003) | (34727) |
| Total members' equity (deficit) | 79155 | 61392 | 497570 | 78381 | 234406 | 182490 | 88925 | 531806 |
| Total liabilities and members' equity (deficit) | $201350 | $214459 | $523488 | $202716 | $240385 | $380299 | $307840 | $566707 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Plumtree** | **Point** | **Porthos** | **Quincy** | **Redondo** | **Regency** | **Reginald** | **Reynolds** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $10009 | $4225 | $14714 | $7047 | $4546 | $14652 | $3677 | $16194 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 352 | 6022 | 1695 | 675 | 606 | 1170 | 1052 | 1089 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4590 | 5689 | 4509 | 6383 | 2567 | 6035 | - | 4970 |
| Total current assets | 14951 | 15937 | 20917 | 14104 | 7718 | 21857 | 4729 | 22252 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 180404 | 357872 | 292401 | 514751 | 297741 | 262827 | 433339 | 404492 |
| Total assets | $195355 | $373809 | $313318 | $528855 | $305459 | $284684 | $438068 | $426744 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $5936 | $1999 | $8612 | $8698 | $4740 | $7169 | $16546 | $2795 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1550 | 2095 | 2295 | 3495 | 3143 | 3793 |  | 2495 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 4207 | 6304 | 2030 | 7686 | 10688 | 3083 | 6047 | 12415 |
| Total current liabilities | 11694 | 10397 | 12937 | 19879 | 18570 | 14044 | 22593 | 17705 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 110136 | 265237 |  |  | 155269 | 135437 |  |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  | 11100 |  | 20800 |  |  | 31000 |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 121830 | 286734 | 12937 | 40679 | 173839 | 149482 | 53593 | 17705 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 71879 | 129770 | 305520 | 531906 | 176031 | 145294 | 436892 | 413887 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | 1646 | (42696) | (5139) | (43730) | (44411) | (10091) | (52418) | (4847) |
| Total members' equity (deficit) | 73525 | 87075 | 300381 | 488176 | 131621 | 135203 | 384474 | 409040 |
| Total liabilities and members' equity (deficit) | $195355 | $373809 | $313318 | $528855 | $305459 | $284684 | $438068 | $426744 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Ribbonwalk** | **Richardson** | **Richmond** | **Ridge** | **Ritter** | **River** | **Riverwalk** | **Rooney** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $7225 | $13581 | $16627 | $4424 | $7416 | $4648 | $14359 | $7631 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3611 | 569 | 843 | 2537 | 910 | 2540 | 465 | 4881 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 1759 | 3531 | 5019 | 4425 | 4883 | 7498 | 6370 | 4684 |
| Total current assets | 12595 | 17680 | 22489 | 11386 | 13209 | 14687 | 21193 | 17197 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 293903 | 296244 | 370580 | 198094 | 473701 | 242617 | 371773 | 343961 |
| Total assets | $306498 | $313924 | $393069 | $209480 | $486909 | $257304 | $392966 | $361158 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1708 | $5957 | $5402 | $1995 | $6492 | $2205 | $5571 | $2193 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1995 | 1995 | 3443 | 2543 | 2495 | 2993 | 3993 | 2095 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 4315 | 4255 | 2150 | 6291 | 14732 | 7397 | 11685 | 4987 |
| Total current liabilities | 8018 | 12207 | 10995 | 10829 | 23719 | 12594 | 21249 | 9275 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 221827 |  |  | 138497 |  | 170446 |  | 256592 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 12000 |  |  |  | 17200 |  |  | 9400 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 241844 | 12207 | 10995 | 149326 | 40919 | 183041 | 21249 | 275267 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 111574 | 307254 | 398949 | 74046 | 502049 | 88146 | 380510 | 123718 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (46920) | (5536) | (16875) | (13892) | (56059) | (13882) | (8793) | (37827) |
| Total members' equity (deficit) | 64654 | 301717 | 382074 | 60154 | 445991 | 74263 | 371717 | 85891 |
| Total liabilities and members' equity (deficit) | $306498 | $313924 | $393069 | $209480 | $486909 | $257304 | $392966 | $361158 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)<br> AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Roseberry** | **Rosewood** | **Roxy** | **Saddlebred** | **Saint** | **Sajni** | **Salem** | **Salinas** |
| **ASSETS** | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $2382 | $6677 | $6359 | $7936 | $12217 | $6044 | $2035 | $5932 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  | 1377 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 5096 | 2546 | 3833 | 4465 | 3739 | 1865 | 3550 | 288 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 7560 | 5305 | 4395 | 8626 | 4680 | 4344 | - | 3585 |
| Total current assets | 15038 | 14527 | 14587 | 22403 | 20635 | 12254 | 5585 | 9806 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 299368 | 253507 | 305327 | 444551 | 299300 | 296520 | 289625 | 225461 |
| Total assets | $314406 | $268034 | $319913 | $466954 | $319936 | $308774 | $295210 | $235266 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1686 | $1819 | $1928 | $(128) | $2391 | $1440 | $1805 | $4137 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 3443 | 2768 | 1995 | 4168 | 2495 | 2745 |  | 1945 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 4961 | 3729 | 3967 | 6305 | 4524 | 3613 | 10111 | 2618 |
| Total current liabilities | 10090 | 8316 | 7890 | 10344 | 9410 | 7798 | 11916 | 8700 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 209181 | 187025 | 218310 | 329608 | 209879 |  | 208930 |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 5700 | 5100 | 15200 | 23400 |  | 11000 |  | 20300 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 224971 | 200441 | 241400 | 363352 | 219289 | 18798 | 220846 | 29000 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 104311 | 93533 | 112118 | 166577 | 104476 | 297561 | 96122 | 233064 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (14875) | (25940) | (33604) | (62974) | (3830) | (7585) | (21758) | (26797) |
| Total members' equity (deficit) | 89436 | 67594 | 78514 | 103603 | 100647 | 289976 | 74364 | 206266 |
| Total liabilities and members' equity (deficit) | $314406 | $268034 | $319913 | $466954 | $319936 | $308774 | $295210 | $235266 |

---

**ARRIVED HOMES, LLC AND ITS SERIES<br> CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)<br> AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Saturn** | **Scepter** | **Sequoyah** | **Shallowford** | **Shoreline** | **Sigma** | **Simon** | **Sims** |
| **ASSETS** | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $3172 | $3385 | $3513 | $3698 | $7940 | $8321 | $17998 | $12444 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 2372 | 3545 | 587 | 4417 | 2672 | 4021 | 885 | 879 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 1432 | - | 4095 | 4503 | 3993 | 3751 | 4063 | 4568 |
| Total current assets | 6976 | 6929 | 8194 | 12618 | 14605 | 16093 | 22947 | 17891 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 199797 | 251064 | 239973 | 340047 | 282690 | 354714 | 280331 | 263681 |
| Total assets | $206773 | $257993 | $248167 | $352665 | $297295 | $370807 | $303277 | $281572 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1403 | $1904 | $5627 | $2117 | $2364 | $2517 | $5575 | $3061 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1495 |  | 2295 | 2345 | 2295 | 2869 | 2095 | 2768 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3286 | 5162 | 3170 | 4822 | 4197 | 4881 | 2655 | 2748 |
| Total current liabilities | 6184 | 7066 | 11092 | 9284 | 8856 | 10267 | 10324 | 8577 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 138151 | 187061 | 122192 | 176958 | 210001 | 267006 |  |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 11900 |  | 17200 | 8600 | 16600 |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 156236 | 194127 | 150483 | 194841 | 235457 | 277273 | 10324 | 8577 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 85149 | 92271 | 140166 | 203842 | 96589 | 120280 | 291759 | 279766 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (34612) | (28404) | (42482) | (46018) | (34750) | (26746) | 1194 | (6770) |
| Total members' equity (deficit) | 50537 | 63866 | 97684 | 157824 | 61839 | 93534 | 292953 | 272996 |
| Total liabilities and members' equity (deficit) | $206773 | $257993 | $248167 | $352665 | $297295 | $370807 | $303277 | $281572 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Soapstone** | **Sodalis** | **Spencer** | **Splash** | **Spring** | **Stonebriar** | **Sugar** | **Summerset** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $6932 | $6783 | $7027 | $6893 | $5343 | $7013 | $3972 | $5299 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 401 | 471 | 2732 | 466 | 451 | 2722 | 4577 | 2358 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4180 | 3727 | 4811 | 3170 | 3601 | 2942 | 5726 | 6738 |
| Total current assets | 11513 | 10981 | 14570 | 10529 | 9395 | 12677 | 14276 | 14396 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 206765 | 272607 | 273588 | 195684 | 232996 | 189985 | 283493 | 243894 |
| Total assets | $218279 | $283587 | $288157 | $206213 | $242391 | $202662 | $297768 | $258289 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $5829 | $7257 | $3099 | $5143 | $7847 | $1879 | $1723 | $2345 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2350 |  | 2349 | 1550 | 1695 | 1395 | 3590 | 2843 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3845 | 7983 | 4522 | 3850 | 4463 | 2816 | 9541 | 4007 |
| Total current liabilities | 12024 | 15240 | 9970 | 10543 | 14005 | 6090 | 14855 | 9195 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 127090 |  | 192623 | 122064 |  | 132798 | 199058 | 163630 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 6900 |  | 9400 | 8200 |  | 16000 |  | 24500 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 146014 | 15240 | 211993 | 140807 | 14005 | 154888 | 213912 | 197325 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 73474 | 284350 | 97189 | 77147 | 238802 | 73907 | 120027 | 89891 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (1209) | (16003) | (21024) | (11741) | (10415) | (26133) | (36171) | (28927) |
| Total members' equity (deficit) | 72265 | 268347 | 76164 | 65406 | 228386 | 47774 | 83856 | 60964 |
| Total liabilities and members' equity (deficit) | $218279 | $283587 | $288157 | $206213 | $242391 | $202662 | $297768 | $258289 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Sundance** | **Sunnyside** | **Swift** | **Taylor** | **Terracotta** | **Theodore** | **Tulip** | **Tuscan** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $3838 | $14812 | $10298 | $3404 | $1314 | $15244 | $5906 | $15475 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 681 | 542 | 486 | 2381 | 3638 | 885 | 3123 | 879 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 12302 | 3390 | 4551 | 4682 | - | 2787 | 4044 | - |
| Total current assets | 16822 | 18744 | 15335 | 10466 | 4952 | 18917 | 13072 | 16354 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 303904 | 211231 | 324791 | 219057 | 300203 | 278244 | 296689 | 292129 |
| Total assets | $320726 | $229975 | $340127 | $229523 | $305155 | $297161 | $309761 | $308483 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $12805 | $3004 | $3976 | $1895 | $4209 | $4933 | $2037 | $8782 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2595 | 1845 | 2195 | 1645 |  | 2245 | 2195 | 2295 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 7535 | 2458 | 15209 | 2988 | 6103 | 2329 | 4451 | 5767 |
| Total current liabilities | 22936 | 7307 | 21380 | 6528 | 10312 | 9507 | 8682 | 16844 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 155269 |  |  | 112179 | 220409 |  | 219707 | 180912 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 6700 |  |  | 11100 | 19100 |  | 24300 |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 184904 | 7307 | 21380 | 129806 | 249821 | 9507 | 252690 | 197755 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 174800 | 218931 | 330196 | 136252 | 111248 | 294808 | 104538 | 117359 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (38979) | 3737 | (11449) | (36535) | (55914) | (7155) | (47467) | (6631) |
| Total members' equity (deficit) | 135821 | 222668 | 318747 | 99717 | 55334 | 287654 | 57071 | 110728 |
| Total liabilities and members' equity (deficit) | $320726 | $229975 | $340127 | $229523 | $305155 | $297161 | $309761 | $308483 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Tuscarora** | **Tuxford** | **Vernon** | **Walton** | **Wave** | **Weldon** | **Wellington** | **Wentworth** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $11464 | $5512 | $4514 | $6916 | $1969 | $3840 | $7114 | $8105 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 567 | 3553 | 2967 | 431 | 3476 | 2286 | 571 | 2137 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 11711 | 1881 | 4915 | 3676 | 8829 | 3798 | 4933 | 3405 |
| Total current assets | 23742 | 10946 | 12396 | 11022 | 14274 | 9924 | 12619 | 13647 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 318906 | 244298 | 239245 | 282438 | 312084 | 193420 | 385999 | 214294 |
| Total assets | $342648 | $255244 | $251641 | $293461 | $326359 | $203344 | $398618 | $227941 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $5890 | $1537 | $2047 | $6531 | $1626 | $1698 | $3136 | $2232 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 3145 | 1895 | 2843 | 1895 | 2195 | 2168 | 2395 | 1595 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3778 | 5691 | 3637 | 8823 | 5826 | 4448 | 7286 | 3792 |
| Total current liabilities | 12812 | 9124 | 8526 | 17250 | 9647 | 8313 | 12817 | 7619 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net |  | 176608 | 179939 |  | 221800 | 134919 |  | 155217 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  | 25800 | 7400 | 29000 | 94200 |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 12812 | 211532 | 195865 | 46250 | 325646 | 143232 | 12817 | 162836 |
| &nbsp;&nbsp;&nbsp;Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 330825 | 92643 | 85191 | 294775 | 112377 | 81211 | 401288 | 67546 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (989) | (48931) | (29415) | (47564) | (111665) | (21099) | (15487) | (2440) |
| Total members' equity (deficit) | 329836 | 43712 | 55776 | 247211 | 713 | 60113 | 385801 | 65105 |
| Total liabilities and members' equity (deficit) | $342648 | $255244 | $251641 | $293461 | $326359 | $203344 | $398618 | $227941 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Wescott** | **Westchester** | **Wildwood** | **Willow** | **Wilson** | **Winchester** | **Windsor** | **Winston** |
| **ASSETS** |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $2273 | $7646 | $7637 | $3572 | $8153 | $4347 | $4831 | $9599 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 1291 | 3596 | 2431 | 534 | 509 | 906 | 4768 | 610 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4980 | 2853 | 4000 | 2718 | 4766 | 340 | - | 5345 |
| Total current assets | 8544 | 14095 | 14069 | 6823 | 13428 | 5593 | 9599 | 15554 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 257291 | 310763 | 206640 | 275607 | 363871 | 261340 | 319138 | 310330 |
| Total assets | $265836 | $324858 | $220709 | $282430 | $377299 | $266933 | $328736 | $325883 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2013 | $2162 | $2266 | $4567 | $7237 | $2793 | $2047 | $2873 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 3440 | 3119 | 1945 | 1545 | 2445 | 1895 | 2595 | 1795 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 5174 | 5698 | 3657 | 7794 | 5807 | 1463 | 7972 | 4457 |
| Total current liabilities | 10628 | 10979 | 7868 | 13906 | 15489 | 6151 | 12614 | 9124 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 133074 | 196481 | 107312 |  |  |  | 224828 |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 20800 | 16600 |  |  |  |  | 32500 |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - | - | - |
| Total liabilities | 164502 | 224059 | 115180 | 13906 | 15489 | 6151 | 269942 | 9124 |
| Members' equity (deficit) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 145767 | 141460 | 116060 | 282191 | 369388 | 276569 | 114006 | 324293 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (44433) | (40662) | (10531) | (13668) | (7578) | (15787) | (55211) | (7534) |
| Total members' equity (deficit) | 101334 | 100798 | 105529 | 268524 | 361810 | 260782 | 58795 | 316759 |
| Total liabilities and members' equity (deficit) | $265836 | $324858 | $220709 | $282430 | $377299 | $266933 | $328736 | $325883 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Wisteria** | **Campbell** | **Arlo** | **Hualapai** | **Brentwood** | **Bellvue** |
| **ASSETS** |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $6681 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3050 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4931 | - | - | - | - | - |
| Total current assets | 14662 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 283244 | - | - | - | - | - |
| Total assets | $297906 | $- | $- | $- | $- | $- |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1920 | $- | $- | $- | $- | $- |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 3143 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3562 | - | - | - | - | - |
| Total current liabilities | 8624 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net | 205382 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Operational notes, related party | 9300 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | - | - | - |
| Total liabilities | 223306 |  |  |  |  |  |
| Members' equity (deficit) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 97526 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (22925) | - | - | - | - | - |
| Total members' equity (deficit) | 74600 | - | - | - | - | - |
| Total liabilities and members' equity (deficit) | $297906 | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET (DERIVED FROM AUDITED FINANCIAL STATEMENTS)**

**AS OF DECEMBER 31, 2024**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Lorenz** | **Lexie** | **Hartsfield** | **Unallocated members capital** | **Consolidated** |
| **ASSETS** |  |  |  |  |  |
| Current assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $1881389 |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  | 1377 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses |  |  |  |  | 505829 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | - | - | - | - | 1014907 |
| Total current assets |  |  |  |  | 3403502 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | - | - | - | - | 72206586 |
| Total assets | $- | $- | $- | $- | $75610088 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $- | $- | $- | $- | $907183 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  | 526298 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | - | - | - | - | 1386475 |
| Total current liabilities |  |  |  |  | 2819955 |
| &nbsp;&nbsp;&nbsp;Mortgage payables, net |  |  |  |  | 23721589 |
| &nbsp;&nbsp;&nbsp;Operational notes, related party |  |  |  |  | 2045300 |
| &nbsp;&nbsp;&nbsp;Due to commonly controlled entity | - | - | - | 179235 | 179235 |
| Total liabilities |  |  |  | 179235 | 28766079 |
| Members' equity (deficit) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital |  |  |  |  | 52980174 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | - | - | - | (179235) | (6136165) |
| Total members' equity (deficit) | - | - | - | (179235) | 46844009 |
| Total liabilities and members' equity (deficit) | $- | $- | $- | $- | $75610088 |

---

The accompanying notes are an integral part of these consolidated and consolidating financial statements.

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **100** | **101** | **Abbington** | **Abernant** | **Alvin** | **Amber** | **Apollo** |
| Rental income | $13991 | $18570 | $16110 | $9420 | $13920 | $11897 | $6735 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 8445 | 9308 | 7247 | 3124 | 4368 | 4208 | 3933 |
| &nbsp;&nbsp;&nbsp;Insurance | 993 | 998 | 797 | 515 | 790 | 495 | 474 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 4228 | 4698 | 3639 | 1015 | 1646 | 1022 | 595 |
| &nbsp;&nbsp;&nbsp;Management fees | 473 | 1127 | 434 | 420 | 420 | 707 | 504 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 525 |  | 145 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 1538 | 1544 | 1304 | 1185 | 1115 | 392 | 840 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 4083 | 1792 | 2575 | 467 | 946 | 2636 | 1604 |
| Total operating expenses | 20285 | 19467 | 16142 | 6726 | 9285 | 9460 | 7951 |
| Income (loss) from operations | (6293) | (897) | (32) | 2694 | 4635 | 2437 | (1216) |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  |  |  |  |  | 3929 | 3897 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | - | - | - | - | - | 3929 | 3897 |
| **Net income (loss)** | $(6293) | $(897) | $(32) | $2694 | $4635 | $(1492) | $(5112) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Aster** | **Augusta** | **Avebury** | **Avondale** | **Badminton** | **Ballinger** | **Bandelier** |
| Rental income | $9720 | $11970 | $11010 | $11970 | $13235 | $12570 | $12120 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3504 | 4075 | 3995 | 4523 | 4230 | 4108 | 4134 |
| &nbsp;&nbsp;&nbsp;Insurance | 489 | 605 | 650 | 706 | 761 | 870 | 620 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1123 | 1431 | 1008 | 1528 | 860 | 1481 | 1288 |
| &nbsp;&nbsp;&nbsp;Management fees | 421 | 445 | 661 | 420 | 793 | 1519 | 483 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 89 | 245 |  |  |  | 10989 | 525 |
| &nbsp;&nbsp;&nbsp;Property taxes | 2264 | 1791 | 1139 | 1965 | 2992 | 930 | 1613 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1327 | 1376 | 1563 | 1258 | 2578 | 1754 | 1347 |
| Total operating expenses | 9218 | 9968 | 9016 | 10400 | 12214 | 21650 | 10010 |
| Income (loss) from operations | 502 | 2002 | 1994 | 1570 | 1021 | (9080) | 2110 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4278 |  | 4005 |  | 4070 |  | 4789 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | (5900) | - |
| Total other expenses (income) | 4278 | - | 4005 | - | 4070 | (5900) | 4789 |
| **Net income (loss)** | $(3776) | $2002 | $(2011) | $1570 | $(3049) | $(3180) | $(2679) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Baron** | **Basil** | **Bayside** | **Bazzel** | **Bedford** | **Bella** | **Belle** |
| Rental income | $18720 | $9723 | $13175 | $11070 | $13920 | $11820 | $15894 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 8403 | 2784 | 3525 | 3763 | 3847 | 4206 | 6042 |
| &nbsp;&nbsp;&nbsp;Insurance | 2366 | 422 | 646 | 635 | 840 | 636 | 898 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 4343 | 710 | 926 | 1711 | 941 | 1441 | 1797 |
| &nbsp;&nbsp;&nbsp;Management fees | 1037 | 577 | 787 | 667 | 835 | 464 | 855 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 163 | 124 | 2135 | 942 | 483 | 435 | 1989 |
| &nbsp;&nbsp;&nbsp;Property taxes | 3279 | 868 | 2555 | 2625 | 7532 | 2075 | 2907 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 902 | 1503 | 1865 | 1971 | 1396 | 392 | 1998 |
| Total operating expenses | 20493 | 6989 | 12439 | 12314 | 15875 | 9648 | 16485 |
| Income (loss) from operations | (1773) | 2734 | 736 | (1244) | (1955) | 2172 | (591) |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  | 3078 | 3873 |  | 3824 |  |  |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | - | 3078 | 3873 | - | 3824 | - | - |
| **Net income (loss)** | $(1773) | $(345) | $(3137) | $(1244) | $(5779) | $2172 | $(591) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Belvedere** | **Bergenia** | **Blossom** | **Bonneau** | **Brainerd** | **Braxton** | **Brennan** |
| Rental income | $13770 | $9720 | $9720 | $14280 | $14070 | $11340 | $9520 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4051 | 2986 | 3495 | 5137 | 3998 | 4452 | 3115 |
| &nbsp;&nbsp;&nbsp;Insurance | 786 | 520 | 441 | 1506 | 521 | 528 | 574 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1556 | 1009 | 1123 | 1730 | 1576 | 1458 | 891 |
| &nbsp;&nbsp;&nbsp;Management fees | 431 | 444 | 432 | 573 | 421 | 426 | 577 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  | 235 | 199 | 1006 | 97 | 336 | 4124 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1776 | 814 | 750 | 4224 | 1261 | 1921 | 1419 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1083 | 999 | 1285 | 1643 | 1737 | 1497 | 2738 |
| Total operating expenses | 9683 | 7006 | 7725 | 15820 | 9612 | 10617 | 13439 |
| Income (loss) from operations | 4087 | 2714 | 1995 | (1540) | 4458 | 723 | (3919) |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  |  |  |  | 4677 |  | 4495 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | - | - | - | - | 4677 | - | 4495 |
| **Net income (loss)** | $4087 | $2714 | $1995 | $(1540) | $(219) | $723 | $(8413) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Briarwood** | **Brooklyn** | **Burlington** | **Butter** | **Calvin** | **Camino** | **Cawley** |
| Rental income | $9270 | $5386 | $20070 | $17044 | $13265 | $9840 | $11634 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2866 | 2907 | 8916 | 5190 | 3245 | 3644 | 4312 |
| &nbsp;&nbsp;&nbsp;Insurance | 523 | 419 | 1381 | 1904 | 397 | 536 | 704 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 951 | 677 | 4906 | 1215 | 1336 | 1024 | 1470 |
| &nbsp;&nbsp;&nbsp;Management fees | 453 | 336 | 453 | 1009 | 475 | 591 | 908 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 459 | 425 | 271 | 101 | 445 |  | 4693 |
| &nbsp;&nbsp;&nbsp;Property taxes | 771 | 628 | 2981 | 3538 | 1359 | 975 | 1855 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 769 | 3542 | 918 | 2723 | 577 | 764 | 804 |
| Total operating expenses | 6793 | 8934 | 19825 | 15680 | 7835 | 7533 | 14746 |
| Income (loss) from operations | 2477 | (3548) | 245 | 1363 | 5430 | 2307 | (3113) |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  | 2677 |  | 5130 |  |  |  |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | - | 2677 | - | 5130 | - | - | - |
| **Net income (loss)** | $2477 | $(6225) | $245 | $(3766) | $5430 | $2307 | $(3113) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Chaparral** | **Chelsea** | **Chester** | **Chickamauga** | **Chinook** | **Chitwood** | **Clover** |
| Rental income | $10170 | $11850 | $14070 | $13920 | $11970 | $14550 | $7424 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2700 | 4234 | 5095 | 5129 | 4952 | 5255 | 4397 |
| &nbsp;&nbsp;&nbsp;Insurance | 485 | 571 | 673 | 716 | 806 | 693 | 813 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 918 | 1090 | 1822 | 1811 | 1453 | 1899 | 2144 |
| &nbsp;&nbsp;&nbsp;Management fees | 571 | 714 | 504 | 421 | 420 | 435 | 468 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 1512 |  | 421 | 98 |  | 150 | 3654 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1039 | 1324 | 1989 | 1400 | 1820 | 2565 | 1847 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 861 | 842 | 2338 | 2469 | 1777 | 1491 | 2100 |
| Total operating expenses | 8085 | 8774 | 12841 | 12042 | 11227 | 12488 | 15423 |
| Income (loss) from operations | 2085 | 3076 | 1229 | 1878 | 743 | 2062 | (8000) |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 2136 | 4215 | 6236 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | 2136 | 4215 | 6236 | - | - | - | - |
| **Net income (loss)** | $(50) | $(1138) | $(5007) | $1878 | $743 | $2062 | $(8000) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Coatbridge** | **Collier** | **Collinston** | **Conway** | **Cove** | **Creekside** | **Creekwood** |
| Rental income | $12570 | $13860 | $9570 | $20520 | $10170 | $11775 | $11100 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4526 | 4879 | 2906 | 9438 | 2890 | 4269 | 3972 |
| &nbsp;&nbsp;&nbsp;Insurance | 564 | 677 | 406 | 1051 | 616 | 522 | 571 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 905 | 2743 | 739 | 3277 | 834 | 1457 | 1130 |
| &nbsp;&nbsp;&nbsp;Management fees | 910 | 420 | 574 | 470 | 643 | 450 | 664 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 944 |  |  | 584 | 3225 | 200 | 1573 |
| &nbsp;&nbsp;&nbsp;Property taxes | 2307 | 435 | 1871 | 1968 | 1467 | 1536 | 1978 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1084 | 2510 | 3481 | 4635 | 1801 | 966 | 813 |
| Total operating expenses | 11240 | 11664 | 9976 | 21422 | 11477 | 9401 | 10700 |
| Income (loss) from operations | 1330 | 2196 | (406) | (902) | (1307) | 2374 | 400 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4100 |  | 2674 |  |  |  | 4856 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | 4100 | - | 2674 | - | - | - | 4856 |
| **Net income (loss)** | $(2770) | $2196 | $(3080) | $(902) | $(1307) | $2374 | $(4456) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Cumberland** | **Cupcake** | **Cypress** | **Daisy** | **Davidson** | **Dawson** | **Delta** |
| Rental income | $10170 | $9919 | $15240 | $10350 | $8970 | $10800 | $13170 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4059 | 3275 | 5013 | 4138 | 2909 | 3617 | 5526 |
| &nbsp;&nbsp;&nbsp;Insurance | 550 | 472 | 606 | 552 | 406 | 581 | 628 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1279 | 919 | 1603 | 1314 | 672 | 802 | 1018 |
| &nbsp;&nbsp;&nbsp;Management fees | 420 | 470 | 762 | 463 | 538 | 648 | 799 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  | 60 | 993 | 435 |  |  | 1462 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1126 | 1944 | 2549 | 1148 | 1948 | 2497 | 3417 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1818 | 1939 | 988 | 355 | 1778 | 2276 | 5418 |
| Total operating expenses | 9252 | 9078 | 12513 | 8405 | 8252 | 10421 | 18268 |
| Income (loss) from operations | 918 | 840 | 2727 | 1945 | 718 | 379 | (5098) |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  | 3017 | 6105 |  | 2879 | 3419 | 4435 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | - | 3017 | 6105 | - | 2879 | 3419 | 4435 |
| **Net income (loss)** | $918 | $(2177) | $(3378) | $1945 | $(2161) | $(3040) | $(9533) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Dewberry** | **Diablo** | **Dogwood** | **Dolittle** | **Dolly** | **Dops** | **Dorchester** |
| Rental income | $8868 | $11650 | $10500 | $14340 | $21530 | $11196 | $10880 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2613 | 3571 | 3311 | 4222 | 9475 | 2809 | 4835 |
| &nbsp;&nbsp;&nbsp;Insurance | 456 | 688 | 539 | 617 | 1069 | 526 | 1576 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 799 | 1235 | 1648 | 1291 | 3372 | 884 | 2742 |
| &nbsp;&nbsp;&nbsp;Management fees | 407 | 558 | 630 | 574 | 448 | 657 | 2041 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 573 | 1381 | 1405 | 700 | 368 | (1138) | 5695 |
| &nbsp;&nbsp;&nbsp;Property taxes | 2958 | 1553 | 654 | 4344 | 1767 | 713 | 4866 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1269 | 2646 | 1108 | 1361 | 2851 | 902 | 4278 |
| Total operating expenses | 9074 | 11631 | 9295 | 13108 | 19350 | 5352 | 26032 |
| Income (loss) from operations | (206) | 19 | 1205 | 1232 | 2180 | 5844 | (15152) |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 2836 | 4067 |  | 4060 |  |  |  |
| &nbsp;&nbsp;&nbsp;Other Income | (1) | - | - | - | - | - | - |
| Total other expenses (income) | 2835 | 4067 | - | 4060 | - | - | - |
| **Net income (loss)** | $(3041) | $(4048) | $1205 | $(2829) | $2180 | $5844 | $(15152) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Dunbar** | **Eagle** | **Eastfair** | **Eastwood** | **Elevation** | **Ella** | **Ellen** |
| Rental income | $3623 | $11335 | $9745 | $11975 | $9924 | $10770 | $10770 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 6591 | 3946 | 2956 | 4378 | 5056 | 3587 | 3404 |
| &nbsp;&nbsp;&nbsp;Insurance | 671 | 569 | 568 | 763 | 667 | 489 | 576 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1947 | 1333 | 660 | 1563 | 852 | 1222 | 1190 |
| &nbsp;&nbsp;&nbsp;Management fees | 1514 | 780 | 705 | 350 | 683 | 478 | 486 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 5242 | 1601 | 940 |  | 555 |  | 663 |
| &nbsp;&nbsp;&nbsp;Property taxes | 813 | 3925 | 7417 | 952 | 1739 | 1086 | 2343 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 5980 | 859 | 2799 | 275 | 1932 | 3795 | 616 |
| Total operating expenses | 22759 | 13012 | 16045 | 8282 | 11484 | 10655 | 9279 |
| Income (loss) from operations | (19136) | (1678) | (6300) | 3693 | (1561) | 115 | 1491 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  | 4529 | 3505 |  | 4017 |  |  |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | - | 4529 | 3505 | - | 4017 | - | - |
| **Net income (loss)** | $(19136) | $(6207) | $(9805) | $3693 | $(5578) | $115 | $1491 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Elm** | **Emporia** | **Ensenada** | **Falcon** | **Felix** | **Fenwick** | **Fletcher** |
| Rental income | $8970 | $7306 | $20070 | $12720 | $9570 | $10237 | $8100 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2300 | 4833 | 6666 | 3953 | 4101 | 4120 | 2412 |
| &nbsp;&nbsp;&nbsp;Insurance | 458 | 771 | 1221 | 570 | 432 | 651 | 458 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 617 | 1533 | 2346 | 1408 | 1090 | 1299 | 735 |
| &nbsp;&nbsp;&nbsp;Management fees | 541 | 125 | 554 | 420 | 420 | 507 | 441 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 250 | 7817 | 1344 |  |  | 19 |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 1790 | 3256 | 4511 | 4064 | 1157 | 1547 | 590 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1564 | 7208 | 1630 | 1084 | 1544 | 1039 | 960 |
| Total operating expenses | 7520 | 25543 | 18271 | 11499 | 8744 | 9180 | 5596 |
| Income (loss) from operations | 1450 | (18237) | 1799 | 1221 | 826 | 1056 | 2504 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 2506 | 4790 | 7656 | 4529 |  |  |  |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | 2506 | 4790 | 7656 | 4529 | - | - | - |
| **Net income (loss)** | $(1056) | $(23027) | $(5858) | $(3308) | $826 | $1056 | $2504 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Folly** | **Forest** | **Foster** | **Franklin** | **Gardens** | **General** | **Goose** |
| Rental income | $13590 | $14820 | $14094 | $12870 | $9745 | $15450 | $11370 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 5126 | 6070 | 4307 | 4623 | 3586 | 4342 | 3678 |
| &nbsp;&nbsp;&nbsp;Insurance | 1183 | 2097 | 615 | 692 | 519 | 603 | 536 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 2482 | 1606 | 1647 | 1510 | 816 | 1761 | 1233 |
| &nbsp;&nbsp;&nbsp;Management fees | 547 | 445 | 420 | 549 | 577 | 481 | 481 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 720 |  |  | 1294 | 243 | 609 | 584 |
| &nbsp;&nbsp;&nbsp;Property taxes | 3707 | 2573 | 3477 | 3382 | 498 | 1995 | 1742 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 2063 | 2114 | 769 | 854 | 1121 | 575 | 1888 |
| Total operating expenses | 15829 | 14905 | 11235 | 12904 | 7361 | 10366 | 10142 |
| Income (loss) from operations | (2239) | (85) | 2859 | (34) | 2384 | 5084 | 1228 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  | 5302 |  |  | 3271 |  | 4220 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | - | 5302 | - | - | 3271 | - | 4220 |
| **Net income (loss)** | $(2239) | $(5387) | $2859 | $(34) | $(887) | $5084 | $(2992) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Grant** | **Greenhill** | **Gretal** | **Grove** | **Hadden** | **Hansard** | **Hansel** |
| Rental income | $15000 | $15450 | $12695 | $9240 | $10085 | $12461 | $12570 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4451 | 4484 | 6206 | 4401 | 3027 | 4170 | 5564 |
| &nbsp;&nbsp;&nbsp;Insurance | 805 | 755 | 770 | 669 | 404 | 840 | 684 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1166 | 1063 | 1958 | 733 | 761 | 1675 | 1798 |
| &nbsp;&nbsp;&nbsp;Management fees | 900 | 927 | 477 | 562 | 757 | 643 | 502 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  |  | 98 |  |  | 2635 | 456 |
| &nbsp;&nbsp;&nbsp;Property taxes | 2888 | 5319 | 993 | 2697 | 4553 | 1264 | 1234 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1340 | 953 | 3512 | 1872 | 1681 | 3910 | 2718 |
| Total operating expenses | 11549 | 13501 | 14014 | 10935 | 11182 | 15137 | 12956 |
| Income (loss) from operations | 3451 | 1949 | (1319) | (1695) | (1097) | (2676) | (386) |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 5063 | 4454 |  | 3773 | 2811 |  | 6771 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | 5063 | 4454 | - | 3773 | 2811 | - | 6771 |
| **Net income (loss)** | $(1612) | $(2505) | $(1319) | $(5468) | $(3908) | $(2676) | $(7156) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Hargrave** | **Harrison** | **Henry** | **Heritage** | **Heron** | **Highland** | **Hines** |
| Rental income | $7941 | $16920 | $14680 | $12330 | $12300 | $2897 | $9720 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3212 | 6296 | 5912 | 4506 | 4474 | 3942 | 4405 |
| &nbsp;&nbsp;&nbsp;Insurance | 397 | 834 | 936 | 618 | 1208 | 605 | 438 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1193 | 2314 | 1743 | 1152 | 1061 | 1041 | 1910 |
| &nbsp;&nbsp;&nbsp;Management fees | 764 | 470 | 728 | 631 | 738 | 200 | 448 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 5350 | 238 | 140 | 220 | 1690 | 3349 | 280 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1471 | 1701 | 3052 | 3000 | 5103 | 2235 | 1008 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 4002 | 2696 | 3606 | 1808 | 1302 | 3014 | 1634 |
| Total operating expenses | 16388 | 14548 | 16117 | 11935 | 15576 | 14387 | 10123 |
| Income (loss) from operations | (8448) | 2372 | (1437) | 395 | (3276) | (11490) | (403) |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  | 7708 |  | 4859 | 4809 |  |  |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | - | 7708 | - | 4859 | 4809 | - | - |
| **Net income (loss)** | $(8448) | $(5336) | $(1437) | $(4464) | $(8085) | $(11490) | $(403) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Hobbes** | **Holcomb** | **Holland** | **Hollandaise** | **Holloway** | **Inglewood** | **Irene** |
| Rental income | $9570 | $10975 | $9120 | $11370 | $15840 | $19320 | $8370 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3216 | 4877 | 2909 | 5028 | 4672 | 9361 | 2412 |
| &nbsp;&nbsp;&nbsp;Insurance | 397 | 651 | 406 | 688 | 937 | 1080 | 416 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1043 | 2399 | 730 | 1313 | 1126 | 3163 | 778 |
| &nbsp;&nbsp;&nbsp;Management fees | 420 | 673 | 547 | 475 | 941 | 524 | 420 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  | 659 | 553 | 549 | 888 | 1040 |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 1336 | 2873 | 1964 | 1366 | 3177 | 2029 | 884 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 780 | 991 | 2361 | 2193 | 2044 | 3078 | 692 |
| Total operating expenses | 7192 | 13122 | 9469 | 11612 | 13785 | 20275 | 5602 |
| Income (loss) from operations | 2378 | (2147) | (349) | (242) | 2055 | (955) | 2768 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  |  | 2879 | 4995 | 5160 |  |  |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | - | - | 2879 | 4995 | 5160 | - | - |
| **Net income (loss)** | $2378 | $(2147) | $(3228) | $(5237) | $(3105) | $(955) | $2768 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Jack** | **Jake** | **Jefferson** | **Jill** | **Johnny** | **June** | **Jupiter** |
| Rental income | $12570 | $17970 | $13030 | $13590 | $20965 | $16320 | $9450 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 6377 | 8093 | 3777 | 5492 | 8047 | 8047 | 2906 |
| &nbsp;&nbsp;&nbsp;Insurance | 726 | 1273 | 606 | 684 | 951 | 951 | 406 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1674 | 4399 | 1444 | 1875 | 4597 | 4225 | 747 |
| &nbsp;&nbsp;&nbsp;Management fees | 572 | 567 | 420 | 465 | 425 | 584 | 567 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 1075 | 1474 |  |  | 50 | 1640 |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 935 | 3591 | 861 | 1219 | 1615 | 1615 | 1247 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 2261 | 1639 | 2028 | 1308 | 3025 | 3222 | 1488 |
| Total operating expenses | 13620 | 21037 | 9137 | 11042 | 18710 | 20284 | 7361 |
| Income (loss) from operations | (1050) | (3067) | 3893 | 2548 | 2255 | (3964) | 2089 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 6384 |  |  | 6748 |  |  | 3262 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | 6384 | - | - | 6748 | - | - | 3262 |
| **Net income (loss)** | $(7435) | $(3067) | $3893 | $(4201) | $2255 | $(3964) | $(1173) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Kawana** | **Kennesaw** | **Kenny** | **KerriAnn** | **Kessler** | **Kingsley** | **Kirkwood** |
| Rental income | $10500 | $15400 | $19949 | $11933 | $8105 | $13770 | $3010 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3786 | 5836 | 9475 | 4686 | 4106 | 4290 | 4299 |
| &nbsp;&nbsp;&nbsp;Insurance | 794 | 870 | 1086 | 701 | 428 | 864 | 447 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 959 | 2934 | 3246 | 1001 | 999 | 956 | 791 |
| &nbsp;&nbsp;&nbsp;Management fees | 670 | 792 | 421 | 735 | 444 | 826 | 420 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  | 1196 | (238) | 1841 | 319 | 140 |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 934 | 2456 | 1931 | 1972 | 2670 | 5236 | 1230 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1063 | 1099 | 2745 | 3590 | 3116 | 1538 | 4496 |
| Total operating expenses | 8205 | 15184 | 18666 | 14525 | 12082 | 13850 | 11683 |
| Income (loss) from operations | 2295 | 216 | 1282 | (2593) | (3977) | (80) | (8673) |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 3766 |  |  | 4655 | 4312 | 5020 | 4358 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | 3766 | - | - | 4655 | 4312 | 5020 | 4358 |
| **Net income (loss)** | $(1471) | $216 | $1282 | $(7248) | $(8289) | $(5100) | $(13031) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Korin** | **Lallie** | **Lanier** | **Lannister** | **Latte** | **Lennox** | **Lierly** |
| Rental income | $12390 | $1347 | $11620 | $8070 | $9642 | $10927 | $11100 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3823 | 6202 | 5706 | 3027 | 5011 | 2978 | 2932 |
| &nbsp;&nbsp;&nbsp;Insurance | 546 | 1579 | 701 | 435 | 971 | 458 | 569 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1408 | 872 | 1034 | 682 | 2618 | 782 | 941 |
| &nbsp;&nbsp;&nbsp;Management fees | 436 | 84 | 776 | 504 | 563 | 658 | 492 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 163 | 4941 | 192 | 487 | 11973 |  | 717 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1649 | 6504 | 2678 | 742 | 2620 | 828 | 1308 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 713 | 4488 | 3258 | 1230 | (90) | 1306 | 859 |
| Total operating expenses | 8738 | 24671 | 14345 | 7106 | 23667 | 7010 | 7818 |
| Income (loss) from operations | 3652 | (23324) | (2724) | 964 | (14024) | 3916 | 3282 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  | 5614 | 6313 | 3588 |  | 3267 | 2683 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | - | 5614 | 6313 | 3588 | - | 3267 | 2683 |
| **Net income (loss)** | $3652 | $(28938) | $(9038) | $(2625) | $(14024) | $649 | $599 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Lily** | **Limestone** | **Litton** | **Longwoods** | **Lookout** | **Loretta** | **Louis** |
| Rental income | $15300 | $12796 | $13920 | $11970 | $12120 | $12405 | $11370 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 7493 | 4023 | 4413 | 3702 | 4741 | 9431 | 3701 |
| &nbsp;&nbsp;&nbsp;Insurance | 1614 | 722 | 653 | 1882 | 596 | 1066 | 486 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 2023 | 1003 | 1654 | 1348 | 2546 | 2786 | 1300 |
| &nbsp;&nbsp;&nbsp;Management fees | 940 | 763 | 435 | 426 | 455 | 414 | 611 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 5203 | 263 | 150 |  | 350 | 471 | 1908 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1761 | 4145 | 470 | 2647 | 655 | 1968 | 1474 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 3385 | 2485 | 2008 | 1372 | 2343 | 3709 | 1043 |
| Total operating expenses | 22419 | 13403 | 9782 | 11377 | 11687 | 19845 | 10523 |
| Income (loss) from operations | (7119) | (606) | 4138 | 593 | 433 | (7439) | 847 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 6087 | 3971 | 5159 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | 6087 | 3971 | 5159 | - | - | - | - |
| **Net income (loss)** | $(13206) | $(4577) | $(1021) | $593 | $433 | $(7439) | $847 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Louise** | **Lovejoy** | **Luna** | **Lurleen** | **Madison** | **Mae** | **Magnolia** |
| Rental income | $11833 | $11970 | $11420 | $5241 | $8994 | $13050 | $9870 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3789 | 4044 | 2956 | 4048 | 2828 | 4864 | 4154 |
| &nbsp;&nbsp;&nbsp;Insurance | 614 | 580 | 541 | 851 | 480 | 831 | 526 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 945 | 1039 | 720 | 928 | 940 | 1322 | 1006 |
| &nbsp;&nbsp;&nbsp;Management fees | 706 | 721 | 685 | 389 | 542 | 914 | 494 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  |  |  | 2592 |  |  | 370 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1159 | 2530 | 2496 | 1257 | 1314 | 3855 | 1931 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1597 | 1706 | 2083 | 2459 | 1408 | 1235 | 1913 |
| Total operating expenses | 8810 | 10620 | 9481 | 12524 | 7512 | 13021 | 10394 |
| Income (loss) from operations | 3023 | 1350 | 1939 | (7283) | 1482 | 29 | (524) |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4017 | 4012 | 3506 | 4120 | 3122 |  | 4993 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | 4017 | 4012 | 3506 | 4120 | 3122 | - | 4993 |
| **Net income (loss)** | $(994) | $(2662) | $(1567) | $(11403) | $(1639) | $29 | $(5517) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Malbec** | **Mammoth** | **Marcelo** | **Marie** | **Marietta** | **Marion** | **Marple** |
| Rental income | $13770 | $12870 | $10590 | $15270 | $13470 | $11020 | $6623 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4388 | 4686 | 3911 | 4397 | 4158 | 4612 | 2412 |
| &nbsp;&nbsp;&nbsp;Insurance | 637 | 734 | 504 | 767 | 670 | 1391 | 416 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1371 | 1041 | 1282 | 1757 | 1224 | 1227 | 638 |
| &nbsp;&nbsp;&nbsp;Management fees | 481 | 775 | 432 | 420 | 811 | 441 | 461 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 611 | 423 | 120 |  | 1209 | 150 | 455 |
| &nbsp;&nbsp;&nbsp;Property taxes | 2413 | 3355 | 1502 | 538 | 6366 | 1477 | 587 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1400 | 2535 | 764 | 2077 | 1387 | 1690 | 2227 |
| Total operating expenses | 11301 | 13548 | 8516 | 9956 | 15825 | 10988 | 7195 |
| Income (loss) from operations | 2469 | (678) | 2074 | 5314 | (2355) | 32 | (572) |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4891 | 5695 |  |  | 5102 |  |  |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | 4891 | 5695 | - | - | 5102 | - | - |
| **Net income (loss)** | $(2422) | $(6373) | $2074 | $5314 | $(7457) | $32 | $(572) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Martell** | **Mary** | **Matchingham** | **McGregor** | **McLovin** | **Meadow** | **Mimosa** |
| Rental income | $11670 | $12570 | $11312 | $11790 | $18870 | $11850 | $10615 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3572 | 3732 | 2913 | 4132 | 6931 | 4410 | 2954 |
| &nbsp;&nbsp;&nbsp;Insurance | 1348 | 604 | 482 | 624 | 1196 | 569 | 502 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1294 | 1399 | 719 | 2292 | 2190 | 1069 | 1215 |
| &nbsp;&nbsp;&nbsp;Management fees | 425 | 420 | 730 | 642 | 1540 | 696 | 599 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  |  | 2626 | 2224 | 329 |  | 1833 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1587 | 911 | 3744 | 1161 | 4636 | 1810 | 575 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1573 | 2257 | 1750 | 1928 | 1642 | 2867 | 679 |
| Total operating expenses | 9798 | 9324 | 12965 | 13004 | 18464 | 11421 | 8357 |
| Income (loss) from operations | 1872 | 3246 | (1653) | (1214) | 406 | 429 | 2258 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  |  | 2867 |  | 7179 | 4203 | 3829 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | - | - | 2867 | - | 7179 | 4203 | 3829 |
| **Net income (loss)** | $1872 | $3246 | $(4520) | $(1214) | $(6772) | $(3774) | $(1571) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Mojave** | **Murphy** | **Mycroft** | **Nugget** | **Odessa** | **Olive** | **Oly** |
| Rental income | $10470 | $12120 | $8520 | $17700 | $17670 | $11520 | $17970 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3525 | 4085 | 2466 | 7694 | 7332 | 3689 | 6265 |
| &nbsp;&nbsp;&nbsp;Insurance | 487 | 617 | 456 | 1130 | 1018 | 654 | 1067 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 997 | 936 | 791 | 4026 | 2096 | 952 | 2113 |
| &nbsp;&nbsp;&nbsp;Management fees | 463 | 727 | 521 | 420 | 552 | 694 | 525 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 429 |  | 908 |  | 1315 | 1008 | 1050 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1973 | 4212 | 659 | 3348 | 4114 | 3622 | 3405 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1089 | 845 | 612 | 2635 | 3099 | 2087 | 902 |
| Total operating expenses | 8962 | 11423 | 6414 | 19252 | 19525 | 12706 | 15326 |
| Income (loss) from operations | 1508 | 697 | 2106 | (1552) | (1855) | (1186) | 2644 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 3240 | 4054 |  |  | 7315 | 2950 | 7192 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | 3240 | 4054 | - | - | 7315 | 2950 | 7192 |
| **Net income (loss)** | $(1732) | $(3357) | $2106 | $(1552) | $(9170) | $(4136) | $(4548) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Onyx** | **Oscar** | **Osceola** | **Osprey** | **Otoro** | **Palmer** | **Patrick** |
| Rental income | $11700 | $9387 | $8621 | $14310 | $11815 | $11535 | $9570 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 6008 | 4018 | 3850 | 5490 | 6084 | 4586 | 3518 |
| &nbsp;&nbsp;&nbsp;Insurance | 783 | 432 | 2566 | 1501 | 915 | 658 | 501 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1256 | 1203 | 1199 | 2357 | 1349 | 1382 | 911 |
| &nbsp;&nbsp;&nbsp;Management fees | 702 | 682 | 512 | 859 | 1112 | 760 | 512 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  | 631 | 5705 | 405 | (1827) | 3397 | 918 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1577 | 1157 | 2557 | 4558 | 3577 | 1674 | 1034 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1854 | 1549 | 2397 | 1050 | 5007 | 1524 | 859 |
| Total operating expenses | 12180 | 9672 | 18786 | 16220 | 16217 | 13981 | 8253 |
| Income (loss) from operations | (480) | (285) | (10165) | (1910) | (4402) | (2446) | 1317 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  |  |  |  | 5363 |  | 2201 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | - | - | - | - | 5363 | - | 2201 |
| **Net income (loss)** | $(480) | $(285) | $(10165) | $(1910) | $(9765) | $(2446) | $(884) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Peanut** | **Pearl** | **Pecan** | **Peterson** | **Piedmont** | **Pinot** | **Pioneer** |
| Rental income | $8700 | $3644 | $9552 | $11567 | $14400 | $14370 | $19320 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2964 | 7498 | 2863 | 3104 | 5272 | 4429 | 8117 |
| &nbsp;&nbsp;&nbsp;Insurance | 484 | 828 | 523 | 515 | 736 | 643 | 1123 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 770 | 3280 | 894 | 1191 | 1887 | 1426 | 4404 |
| &nbsp;&nbsp;&nbsp;Management fees | 522 | 949 | 754 | 621 | 635 | 572 | 430 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 1335 | 6725 | 1396 | 1218 | 2057 | 1523 | 100 |
| &nbsp;&nbsp;&nbsp;Property taxes | 982 | 1472 | 1114 | 1185 | 3981 | 2408 | 2957 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1038 | 3545 | 1851 | 1563 | 1248 | 2327 | 1450 |
| Total operating expenses | 8095 | 24297 | 9395 | 9396 | 15815 | 13327 | 18582 |
| Income (loss) from operations | 605 | (20653) | 156 | 2170 | (1415) | 1043 | 738 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 3522 |  | 2294 |  | 6453 | 4941 |  |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | 3522 | - | 2294 | - | 6453 | 4941 | - |
| **Net income (loss)** | $(2917) | $(20653) | $(2137) | $2170 | $(7869) | $(3899) | $738 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Plumtree** | **Point** | **Porthos** | **Quincy** | **Redondo** | **Regency** | **Reginald** |
| Rental income | $9990 | $12570 | $13770 | $18270 | $13470 | $7727 | $11948 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2768 | 5250 | 4148 | 7515 | 4308 | 4437 | 8770 |
| &nbsp;&nbsp;&nbsp;Insurance | 480 | 778 | 2542 | 1012 | 596 | 688 | 1164 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 923 | 1436 | 1588 | 2692 | 1603 | 1096 | 1901 |
| &nbsp;&nbsp;&nbsp;Management fees | 790 | 601 | 444 | 1024 | 567 | 3090 | 1564 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 3695 | 1809 | 245 | 4646 | 1281 | 14581 | 6052 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1083 | 1897 | 2960 | 2469 | 2288 | 2286 | 3138 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 939 | 2360 | 1021 | 2697 | 1670 | 2066 | 5415 |
| Total operating expenses | 10679 | 14131 | 12947 | 22054 | 12312 | 28244 | 28004 |
| Income (loss) from operations | (689) | (1561) | 823 | (3784) | 1158 | (20517) | (16056) |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 2275 | 6405 |  |  | 5610 | 5150 |  |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | (15190) | - |
| Total other expenses (income) | 2275 | 6405 | - | - | 5610 | (10041) | - |
| **Net income (loss)** | $(2964) | $(7966) | $823 | $(3784) | $(4452) | $(10477) | $(16056) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Reynolds** | **Ribbonwalk** | **Richardson** | **Richmond** | **Ridge** | **Ritter** | **River** |
| Rental income | $15900 | $10476 | $9521 | $13770 | $11550 | $14970 | $12356 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 5905 | 4395 | 4321 | 5232 | 2992 | 6932 | 3662 |
| &nbsp;&nbsp;&nbsp;Insurance | 896 | 701 | 531 | 745 | 479 | 1210 | 628 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 2994 | 1121 | 1347 | 1821 | 989 | 3681 | 1158 |
| &nbsp;&nbsp;&nbsp;Management fees | 795 | 908 | 482 | 429 | 597 | 432 | 737 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  |  | 560 | 90 | 949 |  |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 3153 | 2192 | 1395 | 2115 | 3351 | 2780 | 1381 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1063 | 8119 | 1530 | 1029 | 880 | 1680 | 3111 |
| Total operating expenses | 14806 | 17438 | 10165 | 11461 | 10235 | 16716 | 10676 |
| Income (loss) from operations | 1094 | (6962) | (643) | 2309 | 1315 | (1746) | 1680 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  | 4380 |  |  | 3283 |  | 4017 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | - | 4380 | - | - | 3283 | - | 4017 |
| **Net income (loss)** | $1094 | $(11343) | $(643) | $2309 | $(1968) | $(1746) | $(2337) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Riverwalk** | **Rooney** | **Roseberry** | **Rosewood** | **Roxy** | **Saddlebred** | **Saint** |
| Rental income | $16413 | $12570 | $14433 | $11490 | $12755 | $17083 | $13685 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 5427 | 4422 | 4513 | 3719 | 4479 | 7639 | 3791 |
| &nbsp;&nbsp;&nbsp;Insurance | 697 | 564 | 1473 | 537 | 630 | 1559 | 590 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 3249 | 1368 | 1072 | 919 | 1319 | 2014 | 1414 |
| &nbsp;&nbsp;&nbsp;Management fees | 766 | 450 | 862 | 804 | 420 | 1312 | 420 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 3012 |  | 500 |  |  | 6008 |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 800 | 1157 | 5900 | 1307 | 1872 | 1846 | 1255 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 3699 | 2925 | 2546 | 1217 | 2825 | 3154 | 1368 |
| Total operating expenses | 17650 | 10886 | 16866 | 8502 | 11544 | 23531 | 8838 |
| Income (loss) from operations | (1237) | 1684 | (2433) | 2988 | 1211 | (6448) | 4847 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  | 5063 | 4924 | 4525 | 5277 | 6496 | 4146 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | - | 5063 | 4924 | 4525 | 5277 | 6496 | 4146 |
| **Net income (loss)** | $(1237) | $(3379) | $(7357) | $(1537) | $(4066) | $(12944) | $701 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Sajni** | **Salem** | **Salinas** | **Saturn** | **Scepter** | **Sequoyah** | **Shallowford** |
| Rental income | $16693 | $6520 | $10600 | $11135 | $8241 | $11070 | $16415 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 6435 | 4387 | 4039 | 3632 | 3238 | 3905 | 4958 |
| &nbsp;&nbsp;&nbsp;Insurance | 2783 | 637 | 432 | 406 | 506 | 495 | 694 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1815 | 934 | 1118 | 879 | 828 | 1210 | 1979 |
| &nbsp;&nbsp;&nbsp;Management fees | 2402 | 320 | 504 | 571 | 472 | 420 | 449 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 6368 | 475 | 835 | 1475 | 520 |  | 285 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1910 | 2423 | 1461 | 1946 | 1135 | 1407 | 2036 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1238 | 4788 | 1856 | 2839 | 3043 | 1766 | 2357 |
| Total operating expenses | 22953 | 13964 | 10244 | 11747 | 9741 | 9203 | 12759 |
| Income (loss) from operations | (6260) | (7444) | 356 | (612) | (1500) | 1867 | 3656 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  | 4983 |  | 3262 | 3698 | 3998 | 6068 |
| &nbsp;&nbsp;&nbsp;Other Income | (4456) | - | - | - | - | - | - |
| Total other expenses (income) | (4456) | 4983 | - | 3262 | 3698 | 3998 | 6068 |
| **Net income (loss)** | $(1804) | $(12427) | $356 | $(3873) | $(5198) | $(2131) | $(2412) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Shoreline** | **Sigma** | **Simon** | **Sims** | **Soapstone** | **Sodalis** | **Spencer** |
| Rental income | $14014 | $14250 | $10175 | $11070 | $11400 | $7206 | $14342 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4260 | 5240 | 3976 | 3749 | 4118 | 3980 | 4157 |
| &nbsp;&nbsp;&nbsp;Insurance | 741 | 752 | 622 | 601 | 601 | 628 | 1374 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 962 | 1342 | 1331 | 1274 | 992 | 1236 | 1123 |
| &nbsp;&nbsp;&nbsp;Management fees | 829 | 855 | 573 | 431 | 483 | 1608 | 860 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  | 345 | 447 |  |  | 13881 |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 2314 | 2243 | 806 | 1598 | 1360 | 3000 | 2071 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 2098 | 2996 | 2763 | 1742 | 1021 | 2644 | 2552 |
| Total operating expenses | 11205 | 13774 | 10519 | 9394 | 8576 | 26977 | 12136 |
| Income (loss) from operations | 2810 | 476 | (345) | 1676 | 2824 | (19772) | 2206 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4936 | 5268 |  |  | 2625 |  | 4554 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | (21) | (8220) | - |
| Total other expenses (income) | 4936 | 5268 | - | - | 2605 | (8220) | 4554 |
| **Net income (loss)** | $(2126) | $(4791) | $(345) | $1676 | $220 | $(11552) | $(2348) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Splash** | **Spring** | **Stonebriar** | **Sugar** | **Summerset** | **Sundance** | **Sunnyside** |
| Rental income | $10140 | $10736 | $8640 | $12379 | $11718 | $12870 | $9720 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2978 | 3401 | 2787 | 4279 | 5058 | 5102 | 3039 |
| &nbsp;&nbsp;&nbsp;Insurance | 475 | 469 | 433 | 1422 | 1030 | 755 | 485 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 951 | 991 | 805 | 1032 | 867 | 1555 | 1035 |
| &nbsp;&nbsp;&nbsp;Management fees | 453 | 648 | 580 | 735 | 703 | 463 | 420 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 325 | 3103 |  | 1608 | 1966 | 262 |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 1062 | 2659 | 1309 | 2658 | (176) | 1740 | 902 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1299 | 2109 | 1413 | 2059 | 2408 | 1669 | 1094 |
| Total operating expenses | 7541 | 13380 | 7327 | 13793 | 11855 | 11546 | 6975 |
| Income (loss) from operations | 2599 | (2645) | 1313 | (1414) | (138) | 1324 | 2745 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 2475 |  | 3221 | 4706 | 3873 | 5610 |  |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | 2475 | - | 3221 | 4706 | 3873 | 5610 | - |
| **Net income (loss)** | $123 | $(2645) | $(1908) | $(6120) | $(4011) | $(4286) | $2745 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Swift** | **Taylor** | **Terracotta** | **Theodore** | **Tulip** | **Tuscan** | **Tuscarora** |
| Rental income | $13170 | $5902 | $8183 | $12020 | $13470 | $14750 | $13210 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 5287 | 3689 | 3787 | 3947 | 4363 | 4439 | 4591 |
| &nbsp;&nbsp;&nbsp;Insurance | 730 | 509 | 566 | 622 | 799 | 637 | 686 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 2411 | 963 | 934 | 1401 | 1143 | 1588 | 1683 |
| &nbsp;&nbsp;&nbsp;Management fees | 662 | 289 | 619 | 547 | 811 | 465 | 530 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 185 | 1673 | 1580 | 836 | 1001 | 450 | 273 |
| &nbsp;&nbsp;&nbsp;Property taxes | 2491 | 1304 | 1442 | 798 | 2065 | 1692 | 3040 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1063 | 3128 | 4753 | 1957 | 1582 | 3125 | 2221 |
| Total operating expenses | 12829 | 11555 | 13680 | 10109 | 11764 | 12395 | 13024 |
| Income (loss) from operations | 341 | (5653) | (5497) | 1911 | 1706 | 2355 | 186 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses |  | 3860 | 4353 |  | 5310 | 3664 |  |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | - | 3860 | 4353 | - | 5310 | 3664 | - |
| **Net income (loss)** | $341 | $(9513) | $(9850) | $1911 | $(3604) | $(1309) | $186 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Tuxford** | **Vernon** | **Walton** | **Wave** | **Weldon** | **Wellington** | **Wentworth** |
| Rental income | $11902 | $11700 | $11370 | $11045 | $9217 | $15017 | $11565 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3601 | 3619 | 4123 | 4596 | 2906 | 6241 | 3417 |
| &nbsp;&nbsp;&nbsp;Insurance | 566 | 574 | 524 | 634 | 406 | 857 | 472 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 992 | 854 | 2225 | 976 | 741 | 1693 | 1068 |
| &nbsp;&nbsp;&nbsp;Management fees | 685 | 702 | 621 | 793 | 547 | 773 | 420 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 350 | 1207 | 449 | (450) | 648 | 1389 |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 5417 | 3356 | 1359 | 3453 | 2150 | 3273 | 1931 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 2476 | 1237 | 3390 | 3394 | 2751 | 1034 | 1199 |
| Total operating expenses | 14088 | 11549 | 12691 | 13397 | 10149 | 15261 | 8507 |
| Income (loss) from operations | (2185) | 151 | (1321) | (2351) | (932) | (244) | 3058 |
| Other expenses (income) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 3493 | 3558 |  | 4380 | 2674 |  | 3126 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - | - |
| Total other expenses (income) | 3493 | 3558 | - | 4380 | 2674 | - | 3126 |
| **Net income (loss)** | $(5678) | $(3407) | $(1321) | $(6732) | $(3606) | $(244) | $(68) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Wescott** | **Westchester** | **Wildwood** | **Willow** | **Wilson** | **Winchester** |
| Rental income | $9720 | $12875 | $10320 | $9270 | $13650 | $12985 |
| Operating expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3765 | 4687 | 3031 | 4020 | 5861 | 4209 |
| &nbsp;&nbsp;&nbsp;Insurance | 577 | 782 | 434 | 467 | 672 | 719 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1366 | 1076 | 1158 | 1190 | 1827 | 1414 |
| &nbsp;&nbsp;&nbsp;Management fees | 499 | 1297 | 420 | 557 | 653 | 553 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 786 | 433 |  | 1343 | 2229 | 855 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1059 | 5812 | 1183 | 1078 | 2004 | 1946 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 2325 | 2328 | 1617 | 844 | 908 | 1547 |
| Total operating expenses | 10376 | 16414 | 7844 | 9499 | 14153 | 11242 |
| Income (loss) from operations | (656) | (3539) | 2476 | (229) | (503) | 1743 |
| Other expenses (income) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4145 | 4645 | 3074 |  |  |  |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | - | - | - |
| Total other expenses (income) | 4145 | 4645 | 3074 | - | - | - |
| **Net income (loss)** | $(4801) | $(8185) | $(598) | $(229) | $(503) | $1743 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Windsor** | **Winston** | **Wisteria** | **Consolidated** |
| Rental income | $13074 | $10815 | $12870 | $2886311 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4809 | 4519 | 4867 | 1094523 |
| &nbsp;&nbsp;&nbsp;Insurance | 1615 | 595 | 831 | 180708 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 958 | 1227 | 950 | 360791 |
| &nbsp;&nbsp;&nbsp;Management fees | 927 | 658 | 775 | 152286 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | (473) | 1565 | 418 | 263117 |
| &nbsp;&nbsp;&nbsp;Property taxes | 11368 | 1662 | 1852 | 522416 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 2631 | 1083 | 1385 | 480908 |
| Total operating expenses | 21836 | 11309 | 11077 | 3054748 |
| Income (loss) from operations | (8761) | (494) | 1793 | (168437) |
| Other expenses (income) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 5311 |  | 4966 | 565004 |
| &nbsp;&nbsp;&nbsp;Other Income | - | - | - | (33787) |
| Total other expenses (income) | 5311 | - | 4966 | 531217 |
| **Net income (loss)** | $(14073) | $(494) | $(3173) | $(699654) |

---

The accompanying notes are an integral part of these consolidated and consolidating financial statements.

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **100** | **101** | **Abbington** | **Abernant** | **Alvin** | **Amber** | **Apollo** |
| Rental income | $17600 | $18714 | $15720 | $7144 | $13920 | $10200 | $8465 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 8445 | 8719 | 7247 | 3124 | 4368 | 4208 | 2691 |
| &nbsp;&nbsp;&nbsp;Insurance | 1142 | 1118 | 927 | 718 | 1116 | 522 | 573 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 4513 | 4697 | 3589 | 852 | 1590 | 732 | 537 |
| &nbsp;&nbsp;&nbsp;Management fees | 430 | 433 | 435 | 408 | 460 | 812 | 672 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 1439 | 125 |  | 742 |  | 1432 | 496 |
| &nbsp;&nbsp;&nbsp;Property taxes | 3384 | 3492 | 2640 | 244 | 675 | 426 | 1128 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 2302 | 2740 | 2501 | 4900 | 4323 | 2489 | 1132 |
| Total operating expenses | 21655 | 21323 | 17338 | 10987 | 12532 | 10619 | 7230 |
| Income (loss) from operations | (4055) | (2610) | (1618) | (3843) | 1388 | (419) | 1235 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | - | - | - | - | 3929 | 3897 |
| Total other expenses | - | - | - | - | - | 3929 | 3897 |
| **Net income (loss)** | $(4055) | $(2610) | $(1618) | $(3843) | $1388 | $(4348) | $(2662) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Aster** | **Augusta** | **Avebury** | **Avondale** | **Badminton** | **Ballinger** | **Bandelier** |
| Rental income | $9420 | $11970 | $8450 | $11025 | $12890 | $9848 | $12328 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3504 | 4075 | 3995 | 4523 | 4230 | 4108 | 4134 |
| &nbsp;&nbsp;&nbsp;Insurance | 540 | 593 | 797 | 930 | 1223 | 635 | 711 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1099 | 1398 | 751 | 1625 | 551 | 1198 | 1339 |
| &nbsp;&nbsp;&nbsp;Management fees | 420 | 454 | 306 | 315 | 709 | 474 | 394 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 666 |  | 452 | 2107 |  | 3358 | 80 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1363 | 1459 | 1574 | 1818 | 4725 | 1355 | 1881 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 799 | 1198 | 1182 | 1487 | 1015 | 3139 | 922 |
| Total operating expenses | 8391 | 9177 | 9058 | 12805 | 12453 | 14265 | 9459 |
| Income (loss) from operations | 1029 | 2793 | (608) | (1780) | 437 | (4417) | 2868 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4416 | - | 3971 | - | 4070 | - | 4789 |
| Total other expenses | 4416 | - | 3971 | - | 4070 | - | 4789 |
| **Net income (loss)** | $(3387) | $2793 | $(4579) | $(1780) | $(3633) | $(4417) | $(1921) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Baron** | **Basil** | **Bayside** | **Bazzel** | **Bedford** | **Bella** | **Belle** |
| Rental income | $14475 | $9420 | $12815 | $10791 | $7727 | $11670 | $15894 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 8003 | 2784 | 3525 | 3763 | 3847 | 4206 | 6042 |
| &nbsp;&nbsp;&nbsp;Insurance | 1767 | 531 | 955 | 350 | 1357 | 718 | 1227 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 4073 | 478 | 615 | 1456 | 616 | 1420 | 1585 |
| &nbsp;&nbsp;&nbsp;Management fees | 350 | 386 | 754 | 628 | 802 | 429 | 1113 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  |  | 500 | 1207 | 1112 | 859 | 3149 |
| &nbsp;&nbsp;&nbsp;Property taxes | 3138 | 1553 | 5184 | 1368 | 5922 | 3076 | 2418 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  | (960) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 662 | 894 | 948 | 2903 | 1467 | 2513 | 1001 |
| Total operating expenses | 17993 | 5667 | 12481 | 11676 | 15124 | 13219 | 16534 |
| Income (loss) from operations | (3518) | 3753 | 334 | (886) | (7397) | (1549) | (640) |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | 3078 | 3873 | - | 3785 | - | - |
| Total other expenses | - | 3078 | 3873 | - | 3785 | - | - |
| **Net income (loss)** | $(3518) | $675 | $(3539) | $(886) | $(11182) | $(1549) | $(640) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Belvedere** | **Bergenia** | **Blossom** | **Bonneau** | **Brainerd** | **Braxton** | **Brennan** |
| Rental income | $13770 | $9720 | $8897 | $13770 | $12870 | $10920 | $8266 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4051 | 4977 | 3495 | 5137 | 3998 | 4452 | 3115 |
| &nbsp;&nbsp;&nbsp;Insurance | 1195 | 506 | 432 | 2101 | 608 | 563 | 746 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1527 | 1009 | 977 | 1642 | 1480 | 1424 | 675 |
| &nbsp;&nbsp;&nbsp;Management fees | 478 | 420 | 500 | 468 | 420 | 420 | 57 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 281 |  | 3050 |  |  | 4716 | 11028 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1620 | (48) | 612 | 1847 | 654 | 1782 | 1514 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1068 | 851 | 2919 | 1541 | 2275 | 737 | 2988 |
| Total operating expenses | 10221 | 7715 | 11985 | 12735 | 9435 | 14094 | 20123 |
| Income (loss) from operations | 3549 | 2005 | (3088) | 1035 | 3435 | (3174) | (11857) |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | - | - | - | 5396 | - | 4495 |
| Total other expenses | - | - | - | - | 5396 | - | 4495 |
| **Net income (loss)** | $3549 | $2005 | $(3088) | $1035 | $(1961) | $(3174) | $(16352) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Briarwood** | **Brooklyn** | **Burlington** | **Butter** | **Calvin** | **Camino** | **Cawley** |
| Rental income | $7365 | $7224 | $20446 | $11618 | $10770 | $9605 | $13170 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2866 | 2907 | 8916 | 5190 | 3245 | 3644 | 4312 |
| &nbsp;&nbsp;&nbsp;Insurance | 726 | 503 | 1546 | 2856 | 493 | 581 | 809 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 869 | 498 | 4929 | 805 | 1147 | 795 | 1522 |
| &nbsp;&nbsp;&nbsp;Management fees | 350 | 230 | 427 | 907 | 420 | 768 | 460 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  |  | 591 | 4549 | 2024 | 500 | 405 |
| &nbsp;&nbsp;&nbsp;Property taxes | 459 | 912 | 3594 | 5025 | 1103 | 1458 | 1728 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 2993 | 941 | 877 | 1604 | 1223 | 880 | 1322 |
| Total operating expenses | 8264 | 5991 | 20880 | 20936 | 9655 | 8626 | 10557 |
| Income (loss) from operations | (899) | 1233 | (434) | (9318) | 1115 | 979 | 2613 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | 3089 | - | 5129 | - | - | - |
| Total other expenses | - | 3089 | - | 5129 | - | - | - |
| **Net income (loss)** | $(899) | $(1855) | $(434) | $(14446) | $1115 | $979 | $2613 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Centennial** | **Chaparral** | **Chelsea** | **Chester** | **Chickamauga** | **Chinook** | **Chitwood** |
| Rental income | $12420 | $8483 | $11620 | $13320 | $13920 | $11970 | $14070 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3917 | 2700 | 4234 | 5095 | 5129 | 4952 | 5255 |
| &nbsp;&nbsp;&nbsp;Insurance | 505 | 646 | 574 | 823 | 920 | 959 | 846 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 591 | 783 | 817 | 1711 | 1737 | 1371 | 1753 |
| &nbsp;&nbsp;&nbsp;Management fees | 994 | 543 | 729 | 459 | 489 | 501 | 528 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  | 865 |  |  | 44 | 681 | 535 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1806 | 1608 | 1790 | 2417 | 914 | 1680 | 2118 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 884 | 900 | 760 | 2193 | 2764 | 1780 | 1512 |
| Total operating expenses | 8697 | 8043 | 8903 | 12697 | 11997 | 11924 | 12546 |
| Income (loss) from operations | 3723 | 440 | 2717 | 623 | 1923 | 46 | 1524 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4438 | 2200 | 4215 | 6422 | - | - | - |
| Total other expenses | 4438 | 2200 | 4215 | 6422 | - | - | - |
| **Net income (loss)** | $(715) | $(1760) | $(1497) | $(5799) | $1923 | $46 | $1524 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Clover** | **Coatbridge** | **Collier** | **Collinston** | **Conway** | **Cove** | **Creekside** |
| Rental income | $12253 | $12220 | $13320 | $6712 | $14572 | $1030 | $11520 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4397 | 4526 | 4879 | 2906 | 9438 | 2890 | 4269 |
| &nbsp;&nbsp;&nbsp;Insurance | 1099 | 741 | 861 | 481 | 1153 | 870 | 511 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1910 | 897 | 2653 | 515 | 2921 | 630 | 1394 |
| &nbsp;&nbsp;&nbsp;Management fees | 948 | 942 | 461 | 338 | 300 | (228) | 463 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 4766 | 250 | 228 | 5097 | 2720 |  | 325 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1818 | 5741 | 1950 | 1822 | 3768 | 1158 | 1415 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 3664 | 2633 | 2124 | 3377 | 4118 | 3296 | 822 |
| Total operating expenses | 18601 | 15730 | 13155 | 14535 | 24416 | 8616 | 9199 |
| Income (loss) from operations | (6348) | (3510) | 165 | (7823) | (9845) | (7586) | 2321 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | 4100 | - | 2674 | - | - | - |
| Total other expenses | - | 4100 | - | 2674 | - | - | - |
| **Net income (loss)** | $(6348) | $(7610) | $165 | $(10498) | $(9845) | $(7586) | $2321 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Creekwood** | **Cumberland** | **Cupcake** | **Cypress** | **Daisy** | **Davidson** | **Dawson** |
| Rental income | $10770 | $10170 | $8830 | $14790 | $10170 | $9570 | $10470 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3972 | 4059 | 3275 | 5013 | 4138 | 2909 | 3617 |
| &nbsp;&nbsp;&nbsp;Insurance | 613 | 587 | 573 | 673 | 603 | 481 | 859 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 869 | 1279 | 681 | 1342 | 1300 | 463 | 550 |
| &nbsp;&nbsp;&nbsp;Management fees | 905 | 420 | 592 | 1034 | 420 | 618 | 838 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  | 128 |  | 2620 |  | 250 | 3251 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1753 | 1620 | 1579 | 4019 | 1090 | 1548 | 4489 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 439 | 1688 | 1000 | 1572 | 769 | 616 | 1416 |
| Total operating expenses | 8550 | 9781 | 7701 | 16272 | 8320 | 6885 | 15019 |
| Income (loss) from operations | 2220 | 389 | 1129 | (1482) | 1850 | 2685 | (4549) |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 5008 | - | 2981 | 6253 | - | 2879 | 3419 |
| Total other expenses | 5008 | - | 2981 | 6253 | - | 2879 | 3419 |
| **Net income (loss)** | $(2788) | $389 | $(1851) | $(7735) | $1850 | $(194) | $(7968) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Delta** | **Dewberry** | **Diablo** | **Dogwood** | **Dolittle** | **Dolly** | **Dops** |
| Rental income | $4481 | $9811 | $11520 | $9020 | $14472 | $14223 | $8275 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4966 | 2613 | 3571 | 3311 | 4222 | 9475 | 2809 |
| &nbsp;&nbsp;&nbsp;Insurance | 768 | 630 | 965 | 638 | 802 | 1181 | 1420 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 727 | 462 | 1132 | 1403 | 669 | 2893 | 615 |
| &nbsp;&nbsp;&nbsp;Management fees | 338 | 777 | 560 | 718 | 754 | 368 | 575 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 5340 |  | 1366 | 445 |  | 4090 |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 3779 | 4487 | 1779 | 1320 | 5903 | 3798 | 1128 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 7261 | 1302 | 1294 | 887 | 1350 | 3472 | 1090 |
| Total operating expenses | 23181 | 10271 | 10665 | 8723 | 13700 | 25278 | 7636 |
| Income (loss) from operations | (18700) | (461) | 855 | 297 | 772 | (11055) | 639 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4435 | 2836 | 4067 | - | 4060 | - | - |
| Total other expenses | 4435 | 2836 | 4067 | - | 4060 | - | - |
| **Net income (loss)** | $(23135) | $(3297) | $(3211) | $297 | $(3288) | $(11055) | $639 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Dorchester** | **Dunbar** | **Eagle** | **Eastfair** | **Eastwood** | **Elevation** | **Ella** |
| Rental income | $13170 | $13615 | $10175 | $11684 | $- | $8030 | $10770 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4727 | 5811 | 3946 | 2956 | 4378 | 5056 | 3587 |
| &nbsp;&nbsp;&nbsp;Insurance | 2226 | 664 | 697 | 842 | 1076 | 991 | 587 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 2715 | 2707 | 926 | 430 | 955 | 629 | 1144 |
| &nbsp;&nbsp;&nbsp;Management fees | 420 | 462 | 838 | 856 | 480 | 735 | 476 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  | 1294 |  | 89 | 195 | 524 |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 1896 | 1770 | 28 | 4848 | 589 | 2403 | 1428 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 819 | 3157 | 1300 | 3144 | 4223 | 6855 | 2159 |
| Total operating expenses | 12803 | 15865 | 7734 | 13165 | 11896 | 17194 | 9381 |
| Income (loss) from operations | 367 | (2250) | 2441 | (1481) | (11896) | (9164) | 1389 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | - | 4529 | 3505 | - | 4017 | - |
| Total other expenses | - | - | 4529 | 3505 | - | 4017 | - |
| **Net income (loss)** | $367 | $(2250) | $(2088) | $(4986) | $(11896) | $(13181) | $1389 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Ellen** | **Elm** | **Emporia** | **Ensenada** | **Falcon** | **Felix** | **Fenwick** |
| Rental income | $14619 | $8535 | $14720 | $10023 | $12145 | $9570 | $16760 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3404 | 2300 | 4833 | 6666 | 3953 | 4101 | 4120 |
| &nbsp;&nbsp;&nbsp;Insurance | 727 | 677 | 1085 | 1391 | 698 | 463 | 663 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1498 | 411 | 907 | 1701 | 963 | 1090 | 1715 |
| &nbsp;&nbsp;&nbsp;Management fees | 420 | 283 | 1048 | 379 | 819 | 420 | 526 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  | 460 | 499 | 3046 | 138 |  | 723 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1633 | 3072 | 3528 | 6362 | 28 | 80 | 1650 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | (7) | 1363 | 517 | 1201 | 1300 | 1253 | 1111 |
| Total operating expenses | 7674 | 8565 | 12417 | 20747 | 7899 | 7406 | 10508 |
| Income (loss) from operations | 6944 | (30) | 2303 | (10723) | 4246 | 2164 | 6252 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | 2506 | 4790 | 7656 | 4529 | - | - |
| Total other expenses | - | 2506 | 4790 | 7656 | 4529 | - | - |
| **Net income (loss)** | $6944 | $(2536) | $(2487) | $(18380) | $(283) | $2164 | $6252 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Fletcher** | **Folly** | **Forest** | **Foster** | **Franklin** | **Gardens** | **General** |
| Rental income | $8340 | $13470 | $12982 | $14094 | $12870 | $9040 | $17380 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2412 | 5126 | 6070 | 4307 | 4623 | 3586 | 4342 |
| &nbsp;&nbsp;&nbsp;Insurance | 673 | 1439 | 3416 | 730 | 788 | 629 | 665 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 883 | 2411 | 816 | 1629 | 1458 | 582 | 2003 |
| &nbsp;&nbsp;&nbsp;Management fees | 431 | 467 | 797 | 438 | 472 | 309 | 514 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 108 |  | 1195 | 184 | 1754 | 60 | 1109 |
| &nbsp;&nbsp;&nbsp;Property taxes | 180 | 1715 | 2976 | 1713 | 4805 | 794 | 3332 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1286 | 1735 | 4215 | 672 | 526 | 3020 | 1380 |
| Total operating expenses | 5972 | 12893 | 19486 | 9673 | 14425 | 8981 | 13345 |
| Income (loss) from operations | 2368 | 577 | (6504) | 4421 | (1555) | 59 | 4035 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | - | 5302 | - | - | 3271 | - |
| Total other expenses | - | - | 5302 | - | - | 3271 | - |
| **Net income (loss)** | $2368 | $577 | $(11806) | $4421 | $(1555) | $(3212) | $4035 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Goose** | **Grant** | **Greenhill** | **Gretal** | **Grove** | **Hadden** | **Hansard** |
| Rental income | $11940 | $14781 | $18065 | $14370 | $9005 | $10300 | $13200 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3678 | 4451 | 4484 | 6206 | 4401 | 3027 | 4170 |
| &nbsp;&nbsp;&nbsp;Insurance | 654 | 1129 | 1087 | 913 | 967 | 457 | 1323 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 891 | 816 | 703 | 2026 | 525 | 555 | 1503 |
| &nbsp;&nbsp;&nbsp;Management fees | 819 | 900 | 1239 | 460 | 720 | 702 | 450 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 192 |  |  | 109 |  | 1104 |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 1046 | 2728 | 6420 | 2478 | 2439 | 3382 | 853 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1300 | 1595 | 1449 | 2146 | 1128 | 926 | 2033 |
| Total operating expenses | 8579 | 11619 | 15381 | 14337 | 10182 | 10152 | 10331 |
| Income (loss) from operations | 3361 | 3162 | 2684 | 33 | (1177) | 148 | 2869 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4220 | 5063 | 4454 | - | 3773 | 2811 | - |
| Total other expenses | 4220 | 5063 | 4454 | - | 3773 | 2811 | - |
| **Net income (loss)** | $(859) | $(1901) | $(1770) | $33 | $(4950) | $(2663) | $2869 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Hansel** | **Hargrave** | **Harrison** | **Henry** | **Heritage** | **Heron** | **Highland** |
| Rental income | $8380 | $6008 | $16920 | $5873 | $11985 | $11370 | $11370 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 5564 | 3212 | 6296 | 5912 | 4506 | 4474 | 3942 |
| &nbsp;&nbsp;&nbsp;Insurance | 797 | 493 | 1035 | 1363 | 836 | 1603 | 821 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1615 | 893 | 2293 | 1590 | 956 | 774 | 819 |
| &nbsp;&nbsp;&nbsp;Management fees | 260 | 297 | 443 | 261 | 839 | 910 | 910 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 1303 | 3357 | 175 | 15773 | 742 | 295 |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 748 | 1204 | 1780 | 2268 | 3195 | 4214 | 1499 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 3197 | 4614 | 2838 | 2906 | 951 | 1302 | 1067 |
| Total operating expenses | 13484 | 14070 | 14859 | 30073 | 12025 | 13570 | 9057 |
| Income (loss) from operations | (5104) | (8062) | 2061 | (24200) | (40) | (2200) | 2313 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 6771 | - | 7931 | - | 4859 | 4809 | - |
| Total other expenses | 6771 | - | 7931 | - | 4859 | 4809 | - |
| **Net income (loss)** | $(11875) | $(8062) | $(5869) | $(24200) | $(4899) | $(7009) | $2313 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Hines** | **Hobbes** | **Holcomb** | **Holland** | **Hollandaise** | **Holloway** | **Inglewood** |
| Rental income | $9720 | $4200 | $12570 | $8525 | $6603 | $15570 | $16238 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4405 | 3216 | 4877 | 2909 | 5028 | 4672 | 9361 |
| &nbsp;&nbsp;&nbsp;Insurance | 481 | 493 | 643 | 481 | 873 | 1482 | 1233 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1781 | 813 | 2258 | 517 | 1230 | 739 | 2980 |
| &nbsp;&nbsp;&nbsp;Management fees | 482 | 238 | 879 | 667 | 156 | 1246 | 383 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 625 | 2549 | 127 | 450 | 11729 |  | 1747 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1404 | 2203 | 2132 | 1592 | 1756 | 5220 | 3732 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1159 | 2450 | 937 | 1123 | 4427 | 951 | 3656 |
| Total operating expenses | 10337 | 11961 | 11853 | 7738 | 25199 | 14310 | 23091 |
| Income (loss) from operations | (617) | (7761) | 717 | 787 | (18596) | 1260 | (6854) |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | - | - | 2879 | 4995 | 5160 | - |
| Total other expenses | - | - | - | 2879 | 4995 | 5160 | - |
| **Net income (loss)** | $(617) | $(7761) | $717 | $(2092) | $(23590) | $(3900) | $(6854) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Irene** | **Jack** | **Jake** | **Jefferson** | **Jill** | **Johnny** | **June** |
| Rental income | $8370 | $13966 | $17930 | $12870 | $13170 | $16775 | $19920 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2412 | 6377 | 8093 | 3777 | 5492 | 8047 | 8047 |
| &nbsp;&nbsp;&nbsp;Insurance | 535 | 872 | 1440 | 831 | 800 | 1095 | 1095 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 778 | 1802 | 4352 | 1389 | 1788 | 4327 | 4513 |
| &nbsp;&nbsp;&nbsp;Management fees | 420 | 397 | 464 | 450 | 460 | 420 | 420 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  | 60 |  |  | 83 |  |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 165 | 763 | 3264 | 166 | 722 | 3216 | 3216 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 647 | 2272 | 1642 | 2003 | 2543 | 2383 | 2531 |
| Total operating expenses | 4957 | 12542 | 19255 | 8616 | 11888 | 19489 | 19823 |
| Income (loss) from operations | 3413 | 1424 | (1325) | 4254 | 1282 | (2714) | 97 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | 6384 | - | - | 6947 | - | - |
| Total other expenses | - | 6384 | - | - | 6947 | - | - |
| **Net income (loss)** | $3413 | $(4960) | $(1325) | $4254 | $(5665) | $(2714) | $97 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Jupiter** | **Kawana** | **Kennesaw** | **Kenny** | **KerriAnn** | **Kessler** | **Kingsley** |
| Rental income | $6641 | $10170 | $15741 | $4736 | $6585 | $8088 | $13570 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2906 | 3786 | 5836 | 9475 | 4686 | 4106 | 4290 |
| &nbsp;&nbsp;&nbsp;Insurance | 473 | 1157 | 1189 | 1221 | 942 | 400 | 1357 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 527 | 749 | 2823 | 2379 | 732 | 1048 | 634 |
| &nbsp;&nbsp;&nbsp;Management fees | 330 | 814 | 978 | 82 | 495 | 625 | 894 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 767 |  | 2023 | 3058 | 5596 | 2554 |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 1071 | 1327 | 2340 | 3798 | 1891 | 692 | 8299 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 2275 | 1167 | 2321 | 3101 | 3845 | 1242 | 928 |
| Total operating expenses | 8348 | 8999 | 17510 | 23114 | 18187 | 10669 | 16402 |
| Income (loss) from operations | (1707) | 1171 | (1769) | (18377) | (11602) | (2581) | (2832) |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 3262 | 3766 | - | - | 4655 | 4423 | 5020 |
| Total other expenses | 3262 | 3766 | - | - | 4655 | 4423 | 5020 |
| **Net income (loss)** | $(4968) | $(2595) | $(1769) | $(18377) | $(16258) | $(7004) | $(7852) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Kirkwood** | **Korin** | **Lallie** | **Lanier** | **Lannister** | **Latte** | **Lennox** |
| Rental income | $9570 | $11970 | $12828 | $12134 | $5990 | $13190 | $10675 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3592 | 3823 | 6202 | 5706 | 3027 | 5011 | 2978 |
| &nbsp;&nbsp;&nbsp;Insurance | 496 | 618 | 2132 | 881 | 521 | 1398 | 593 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1036 | 1342 | 849 | 840 | 517 | 2087 | 530 |
| &nbsp;&nbsp;&nbsp;Management fees | 420 | 452 | 817 | 1130 | 575 | 975 | 629 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  |  | 405 | 2922 | 250 |  |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 1545 | 1563 | 6099 | 3053 | 852 | 2010 | 4331 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1778 | 1044 | 3384 | 2958 | 1208 | 1089 | 869 |
| Total operating expenses | 8866 | 8842 | 19887 | 17489 | 6948 | 12570 | 9928 |
| Income (loss) from operations | 704 | 3128 | (7059) | (5356) | (958) | 620 | 747 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4358 | - | 5614 | 6313 | 3588 | - | 3267 |
| Total other expenses | 4358 | - | 5614 | 6313 | 3588 | - | 3267 |
| **Net income (loss)** | $(3654) | $3128 | $(12673) | $(11669) | $(4547) | $620 | $(2521) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Lierly** | **Lily** | **Limestone** | **Litton** | **Longwoods** | **Lookout** | **Loretta** |
| Rental income | $9883 | $14370 | $7019 | $12954 | $11970 | $9600 | $19595 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2932 | 7493 | 4023 | 4413 | 3702 | 4741 | 9431 |
| &nbsp;&nbsp;&nbsp;Insurance | 807 | 2432 | 1072 | 862 | 3204 | 696 | 1187 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 644 | 1891 | 692 | 1646 | 1317 | 2414 | 3170 |
| &nbsp;&nbsp;&nbsp;Management fees | 786 | 464 | 492 | 363 | 446 | 350 | 492 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 1585 | 85 | 5700 | 120 | 105 |  | 1120 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1344 | 1990 | 6294 | 1758 | 1488 | 1896 | 3768 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 900 | 1085 | 5183 | 877 | 2792 | 2143 | 2482 |
| Total operating expenses | 8999 | 15439 | 23457 | 10039 | 13053 | 12241 | 21650 |
| Income (loss) from operations | 884 | (1069) | (16438) | 2915 | (1083) | (2641) | (2055) |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 2762 | 6087 | 3971 | 5952 | - | - | - |
| Total other expenses | 2762 | 6087 | 3971 | 5952 | - | - | - |
| **Net income (loss)** | $(1878) | $(7156) | $(20409) | $(3037) | $(1083) | $(2641) | $(2055) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Louis** | **Louise** | **Lovejoy** | **Luna** | **Lurleen** | **Madison** | **Mae** |
| Rental income | $11370 | $12515 | $11820 | $7543 | $10220 | $11093 | $12570 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3701 | 3789 | 4044 | 2956 | 2141 | 2828 | 4864 |
| &nbsp;&nbsp;&nbsp;Insurance | 434 | 737 | 740 | 781 | 1335 | 562 | 1219 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1301 | 662 | 763 | 454 | 660 | 734 | 1061 |
| &nbsp;&nbsp;&nbsp;Management fees | 420 | 782 | 807 | 620 | 814 | 693 | 1006 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  | 4925 | 1000 | 867 | 644 | 700 | (306) |
| &nbsp;&nbsp;&nbsp;Property taxes | 1475 | 1604 | 2682 | 3952 | 1212 | 1228 | 1942 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 624 | 3255 | 1420 | 2146 | 810 | 1752 | 1181 |
| Total operating expenses | 7954 | 15754 | 11456 | 11776 | 7616 | 8496 | 10966 |
| Income (loss) from operations | 3416 | (3240) | 364 | (4233) | 2604 | 2597 | 1604 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | 4017 | 4012 | 3506 | 4761 | 3122 | - |
| Total other expenses | - | 4017 | 4012 | 3506 | 4761 | 3122 | - |
| **Net income (loss)** | $3416 | $(7256) | $(3648) | $(7739) | $(2157) | $(525) | $1604 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Magnolia** | **Malbec** | **Mammoth** | **Marcelo** | **Marie** | **Marietta** | **Marion** |
| Rental income | $10772 | $13770 | $3501 | $10320 | $14970 | $10931 | $11070 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4154 | 4388 | 4686 | 3911 | 4397 | 4158 | 4427 |
| &nbsp;&nbsp;&nbsp;Insurance | 693 | 751 | 1023 | 575 | 1122 | 925 | 1748 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 836 | 827 | 744 | 1261 | 2177 | 913 | 1136 |
| &nbsp;&nbsp;&nbsp;Management fees | 781 | 1063 | (320) | 420 | 446 | 972 | 1287 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 204 | 429 | 9307 |  | 55 | 1263 | 2959 |
| &nbsp;&nbsp;&nbsp;Property taxes | 2415 | 2223 | 4581 | 1566 | (511) | 4973 | 1404 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 954 | 2899 | 5965 | 753 | 2213 | 1342 | 1236 |
| Total operating expenses | 10036 | 12579 | 25986 | 8486 | 9900 | 14546 | 14199 |
| Income (loss) from operations | 736 | 1191 | (22485) | 1834 | 5070 | (3616) | (3129) |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4993 | 4891 | 5695 | - | - | 5260 | - |
| Total other expenses | 4993 | 4891 | 5695 | - | - | 5260 | - |
| **Net income (loss)** | $(4257) | $(3699) | $(28180) | $1834 | $5070 | $(8876) | $(3129) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Marple** | **Martell** | **Mary** | **Matchingham** | **McGregor** | **McLovin** | **Meadow** |
| Rental income | $6975 | $8493 | $12570 | $12824 | $10188 | $18570 | $10880 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2412 | 3572 | 3732 | 2913 | 4132 | 6219 | 4410 |
| &nbsp;&nbsp;&nbsp;Insurance | 491 | 2020 | 622 | 655 | 674 | 1422 | 671 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 818 | 1102 | 1384 | 476 | 2982 | 2111 | 795 |
| &nbsp;&nbsp;&nbsp;Management fees | 420 | 402 | 431 | 934 | 443 | 475 | 595 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  | 5040 |  | 903 | 683 | (125) |  |
| &nbsp;&nbsp;&nbsp;Property taxes | (126) | 1428 | 494 | 5877 | 1650 | 4415 | 1893 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1868 | 2499 | 1743 | 918 | 1409 | 1758 | 1259 |
| Total operating expenses | 5883 | 16063 | 8406 | 12676 | 11973 | 16274 | 9624 |
| Income (loss) from operations | 1092 | (7570) | 4164 | 148 | (1786) | 2296 | 1257 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | - | - | 2867 | - | 7179 | 4203 |
| Total other expenses | - | - | - | 2867 | - | 7179 | 4203 |
| **Net income (loss)** | $1092 | $(7570) | $4164 | $(2719) | $(1786) | $(4883) | $(2946) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Mimosa** | **Mojave** | **Murphy** | **Mycroft** | **Nugget** | **Odessa** | **Olive** |
| Rental income | $8620 | $12215 | $9450 | $8520 | $16970 | $17670 | $11405 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2954 | 3525 | 4085 | 2466 | 7694 | 7332 | 3689 |
| &nbsp;&nbsp;&nbsp;Insurance | 599 | 576 | 815 | 575 | 1191 | 985 | 1019 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 645 | 842 | 653 | 802 | 4133 | 2006 | 687 |
| &nbsp;&nbsp;&nbsp;Management fees | 308 | 715 | 718 | 420 | 420 | 510 | 735 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 750 |  | 677 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 1182 | 1556 | 5703 | (92) | 3090 | 3452 | 5347 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 880 | 1000 | 3564 | 1259 | 688 | 2173 | 1715 |
| Total operating expenses | 7318 | 8214 | 16215 | 5430 | 17216 | 16458 | 13192 |
| Income (loss) from operations | 1302 | 4001 | (6765) | 3090 | (246) | 1212 | (1787) |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4423 | 3240 | 4053 | - | - | 7315 | 2950 |
| Total other expenses | 4423 | 3240 | 4053 | - | - | 7315 | 2950 |
| **Net income (loss)** | $(3120) | $761 | $(10818) | $3090 | $(246) | $(6103) | $(4736) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Oly** | **Onyx** | **Oscar** | **Osceola** | **Osprey** | **Otoro** | **Palmer** |
| Rental income | $14084 | $14040 | $6272 | $10170 | $14070 | $4497 | $9412 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 6265 | 6008 | 4018 | 3850 | 5490 | 6084 | 4586 |
| &nbsp;&nbsp;&nbsp;Insurance | 1126 | 831 | (6) | 2379 | 2039 | 1340 | 756 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1911 | 1209 | 931 | 1010 | 2023 | 1021 | 1254 |
| &nbsp;&nbsp;&nbsp;Management fees | 384 | 983 | 403 | 712 | 1102 | 104 | 431 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 1125 | 1709 | (3950) | 955 |  | 5232 | 1537 |
| &nbsp;&nbsp;&nbsp;Property taxes | 3374 | 1788 | 74 | 1542 | 1925 | 4345 | 1614 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1789 | 1636 | 2208 | 1135 | 1180 | 6696 | 3307 |
| Total operating expenses | 15972 | 14164 | 3677 | 11582 | 13758 | 24822 | 13485 |
| Income (loss) from operations | (1888) | (124) | 2594 | (1412) | 312 | (20325) | (4073) |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 7191 | - | - | - | - | 5363 | - |
| Total other expenses | 7191 | - | - | - | - | 5363 | - |
| **Net income (loss)** | $(9079) | $(124) | $2594 | $(1412) | $312 | $(25688) | $(4073) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Patrick** | **Peanut** | **Pearl** | **Pecan** | **Peterson** | **Piedmont** | **Pinot** |
| Rental income | $7980 | $7930 | $16320 | $8875 | $9570 | $13770 | $14814 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3518 | 2964 | 7498 | 2863 | 3104 | 5272 | 4429 |
| &nbsp;&nbsp;&nbsp;Insurance | 661 | 558 | 879 | 712 | 729 | 946 | 758 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 759 | 567 | 3928 | 632 | 1023 | 1785 | 1020 |
| &nbsp;&nbsp;&nbsp;Management fees | 557 | 274 | 506 | 735 | 420 | 457 | 961 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 1682 |  | 1234 | 95 |  |  | 542 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1065 | 843 | 3006 | 1145 | 252 | 4399 | 2217 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1114 | 1114 | 2214 | 900 | 1112 | 1217 | 2833 |
| Total operating expenses | 9355 | 6319 | 19265 | 7081 | 6640 | 14076 | 12760 |
| Income (loss) from operations | (1375) | 1611 | (2945) | 1794 | 2930 | (306) | 2054 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 2235 | 3522 | - | 2329 | - | 6645 | 4941 |
| Total other expenses | 2235 | 3522 | - | 2329 | - | 6645 | 4941 |
| **Net income (loss)** | $(3610) | $(1912) | $(2945) | $(535) | $2930 | $(6951) | $(2887) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Pioneer** | **Plumtree** | **Point** | **Porthos** | **Quincy** | **Redondo** | **Regency** |
| Rental income | $13080 | $8325 | $3910 | $13770 | $17230 | $13470 | $13710 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 8117 | 2768 | 5250 | 4148 | 7515 | 4308 | 3793 |
| &nbsp;&nbsp;&nbsp;Insurance | 1133 | 624 | 1049 | 3832 | 839 | 738 | 1016 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 4060 | 649 | 1021 | 1553 | 2546 | 1545 | 1382 |
| &nbsp;&nbsp;&nbsp;Management fees | 312 | 674 | 301 | 455 | 490 | 488 | 537 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 135 | 150 | 2402 | 347 | 845 | 307 | 1019 |
| &nbsp;&nbsp;&nbsp;Property taxes | 3162 | 1123 | 2323 | 1662 | 3024 | 1734 | 1512 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1611 | 900 | 4410 | 847 | 2698 | 1352 | 1595 |
| Total operating expenses | 18530 | 6888 | 16754 | 12843 | 17957 | 10473 | 10855 |
| Income (loss) from operations | (5450) | 1437 | (12844) | 927 | (726) | 2997 | 2855 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | 2342 | 6405 | - | - | 6480 | 5951 |
| Total other expenses | - | 2342 | 6405 | - | - | 6480 | 5951 |
| **Net income (loss)** | $(5450) | $(906) | $(19249) | $927 | $(726) | $(3482) | $(3096) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Reginald** | **Reynolds** | **Ribbonwalk** | **Richardson** | **Richmond** | **Ridge** | **Ritter** |
| Rental income | $16874 | $14970 | $12690 | $10620 | $16170 | $10565 | $11643 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 6815 | 5905 | 4395 | 4321 | 5232 | 2992 | 6932 |
| &nbsp;&nbsp;&nbsp;Insurance | 1855 | 1242 | 975 | 528 | 1057 | 639 | 1498 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 2356 | 2713 | 695 | 1348 | 1989 | 527 | 3345 |
| &nbsp;&nbsp;&nbsp;Management fees | 573 | 1048 | 808 | 440 | 444 | 230 | 867 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 1111 |  |  |  | 377 |  | 5001 |
| &nbsp;&nbsp;&nbsp;Property taxes | 2394 | 2364 | 1581 | 889 | 4815 | 4968 | 2796 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 2916 | 1217 | 4241 | 1074 | 3956 | 927 | 2704 |
| Total operating expenses | 18020 | 14489 | 12695 | 8599 | 17870 | 10282 | 23143 |
| Income (loss) from operations | (1146) | 481 | (5) | 2021 | (1700) | 283 | (11499) |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | - | 4380 | - | - | 3283 | - |
| Total other expenses | - | - | 4380 | - | - | 3283 | - |
| **Net income (loss)** | $(1146) | $481 | $(4385) | $2021 | $(1700) | $(3000) | $(11499) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **River** | **Riverwalk** | **Rooney** | **Roseberry** | **Rosewood** | **Roxy** | **Saddlebred** |
| Rental income | $14465 | $10870 | $11826 | $14370 | $9800 | $11970 | $15145 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3662 | 5427 | 4422 | 4513 | 3719 | 4479 | 7639 |
| &nbsp;&nbsp;&nbsp;Insurance | 898 | 823 | 9 | 2057 | 728 | 805 | 2385 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 638 | 2843 | 1211 | 732 | 727 | 1256 | 1761 |
| &nbsp;&nbsp;&nbsp;Management fees | 1315 | 313 | 534 | 1148 | 628 | 420 | 443 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  | 1105 |  |  |  |  | 230 |
| &nbsp;&nbsp;&nbsp;Property taxes | 3351 | 2172 | 1638 | 2558 | 1276 | 2838 | 2237 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 445 | 4062 | 2191 | 1052 | 1712 | 1854 | 665 |
| Total operating expenses | 10308 | 16745 | 10005 | 12059 | 8789 | 11652 | 15360 |
| Income (loss) from operations | 4157 | (5875) | 1821 | 2311 | 1011 | 318 | (215) |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4017 | - | 5063 | 4924 | 4525 | 5277 | 6496 |
| Total other expenses | 4017 | - | 5063 | 4924 | 4525 | 5277 | 6496 |
| **Net income (loss)** | $140 | $(5875) | $(3242) | $(2613) | $(3514) | $(4959) | $(6711) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Saint** | **Sajni** | **Salem** | **Salinas** | **Saturn** | **Scepter** | **Sequoyah** |
| Rental income | $13045 | $15120 | $14528 | $10320 | $8720 | $11038 | $2608 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3791 | 5539 | 4387 | 4039 | 3632 | 3238 | 3401 |
| &nbsp;&nbsp;&nbsp;Insurance | 702 | 4598 | 751 | 507 | 473 | 588 | 566 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1333 | 1650 | 984 | 1096 | 527 | 963 | 865 |
| &nbsp;&nbsp;&nbsp;Management fees | 451 | 460 | 1111 | 420 | 605 | 509 | 327 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | (125) |  | 688 |  |  | 246 | 5255 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1538 | 1650 | 2232 | 1266 | 1302 | 1670 | 1371 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1276 | 1365 | 3235 | 689 | 831 | 1477 | 4183 |
| Total operating expenses | 8965 | 15261 | 13389 | 8017 | 7369 | 8690 | 15968 |
| Income (loss) from operations | 4080 | (141) | 1139 | 2303 | 1350 | 2348 | (13360) |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4146 | - | 4983 | - | 3262 | 3698 | 4613 |
| Total other expenses | 4146 | - | 4983 | - | 3262 | 3698 | 4613 |
| **Net income (loss)** | $(67) | $(141) | $(3845) | $2303 | $(1911) | $(1350) | $(17973) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Shallowford** | **Shoreline** | **Sigma** | **Simon** | **Sims** | **Soapstone** | **Sodalis** |
| Rental income | $9480 | $13490 | $13686 | $12570 | $11070 | $12525 | $10650 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4958 | 4260 | 5240 | 3976 | 3749 | 3000 | 3980 |
| &nbsp;&nbsp;&nbsp;Insurance | 887 | 1079 | 983 | 696 | 617 | 870 | 861 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1549 | 624 | 820 | 1397 | 1153 | 725 | 1199 |
| &nbsp;&nbsp;&nbsp;Management fees | 306 | 757 | 978 | 460 | 551 | 777 | 569 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 1163 | 599 | 2051 |  | 712 |  | 1269 |
| &nbsp;&nbsp;&nbsp;Property taxes | 2806 | 4175 | 2350 | 761 | 1500 | 1401 | 4075 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1627 | 699 | 1350 | 1363 | 1394 | 900 | 557 |
| Total operating expenses | 13296 | 12194 | 13771 | 8653 | 9676 | 7673 | 12511 |
| Income (loss) from operations | (3816) | 1296 | (85) | 3917 | 1394 | 4852 | (1861) |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 6251 | 4877 | 5268 | - | - | 2704 | - |
| Total other expenses | 6251 | 4877 | 5268 | - | - | 2704 | - |
| **Net income (loss)** | $(10066) | $(3581) | $(5352) | $3917 | $1394 | $2148 | $(1861) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Spencer** | **Splash** | **Spring** | **Stonebriar** | **Sugar** | **Summerset** | **Sundance** |
| Rental income | $13519 | $9450 | $10170 | $8370 | $12300 | $11615 | $13470 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4157 | 2978 | 3401 | 2787 | 4279 | 5058 | 5102 |
| &nbsp;&nbsp;&nbsp;Insurance | 1920 | 589 | 563 | 465 | 1997 | 1308 | 1107 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 694 | 665 | 744 | 763 | 735 | 594 | 1603 |
| &nbsp;&nbsp;&nbsp;Management fees | 582 | 651 | 814 | 588 | 984 | 879 | 433 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 500 | 376 | 6636 | 2032 |  | 2714 | 130 |
| &nbsp;&nbsp;&nbsp;Property taxes | 2813 | 1525 | 1362 | 1631 | 3848 | (356) | 1734 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1232 | 1020 | 1103 | 951 | 1139 | 1301 | 2226 |
| Total operating expenses | 11898 | 7804 | 14622 | 9217 | 12982 | 11497 | 12336 |
| Income (loss) from operations | 1621 | 1646 | (4452) | (847) | (682) | 118 | 1134 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4554 | 2637 | - | 3221 | 4706 | 3873 | 6480 |
| Total other expenses | 4554 | 2637 | - | 3221 | 4706 | 3873 | 6480 |
| **Net income (loss)** | $(2934) | $(990) | $(4452) | $(4068) | $(5388) | $(3755) | $(5345) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Sunnyside** | **Swift** | **Taylor** | **Terracotta** | **Theodore** | **Tulip** | **Tuscan** |
| Rental income | $8348 | $13532 | $9780 | $8380 | $10100 | $13420 | $11475 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3039 | 5287 | 3689 | 3787 | 3947 | 4363 | 4439 |
| &nbsp;&nbsp;&nbsp;Insurance | 540 | 509 | 588 | 645 | 698 | 1088 | 751 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 901 | 2239 | 690 | 1155 | 1262 | 832 | 942 |
| &nbsp;&nbsp;&nbsp;Management fees | 511 | 950 | 590 | 434 | 390 | 928 | 1063 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 55 | 971 | 5603 | 90 |  |  |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 1242 | 1902 | 1080 | 1808 | 746 | 1801 | 1816 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1820 | 979 | 1102 | 2371 | 2174 | 933 | 2731 |
| Total operating expenses | 8108 | 12837 | 13342 | 10289 | 9216 | 9945 | 11742 |
| Income (loss) from operations | 239 | 695 | (3562) | (1909) | 884 | 3475 | (267) |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | - | 3987 | 4353 | - | 5310 | 3839 |
| Total other expenses | - | - | 3987 | 4353 | - | 5310 | 3839 |
| **Net income (loss)** | $239 | $695 | $(7549) | $(6262) | $884 | $(1835) | $(4107) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Tuscarora** | **Tuxford** | **Vernon** | **Walton** | **Wave** | **Weldon** | **Wellington** |
| Rental income | $14520 | $7868 | $11478 | $11220 | $6336 | $8625 | $14369 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4591 | 3601 | 3619 | 4123 | 4596 | 2906 | 6241 |
| &nbsp;&nbsp;&nbsp;Insurance | 907 | 760 | 780 | 537 | 793 | 481 | 1194 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 1644 | 688 | 581 | 2133 | 717 | 515 | 1447 |
| &nbsp;&nbsp;&nbsp;Management fees | 500 | 783 | 914 | 576 | 483 | 599 | 1014 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  | 2171 | 265 |  | 12361 |  | 1510 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1848 | 5038 | 5107 | (1984) | 4224 | 1705 | 2226 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1274 | 2757 | 1269 | 2339 | 5835 | 1131 | 1201 |
| Total operating expenses | 10763 | 15798 | 12535 | 7724 | 29009 | 7337 | 14832 |
| Income (loss) from operations | 3757 | (7930) | (1056) | 3496 | (22672) | 1288 | (463) |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | - | 3493 | 3557 | - | 4380 | 2674 | - |
| Total other expenses | - | 3493 | 3557 | - | 4380 | 2674 | - |
| **Net income (loss)** | $3757 | $(11423) | $(4614) | $3496 | $(27053) | $(1386) | $(463) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Wentworth** | **Wescott** | **Westchester** | **Wildwood** | **Willow** | **Wilson** | **Winchester** |
| Rental income | $10830 | $9720 | $14895 | $10320 | $10569 | $13320 | $11370 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3417 | 3765 | 4687 | 3031 | 4020 | 5861 | 4209 |
| &nbsp;&nbsp;&nbsp;Insurance | 559 | 773 | 1122 | 534 | 420 | 716 | 924 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 807 | 1306 | 911 | 1158 | 1247 | 1693 | 1189 |
| &nbsp;&nbsp;&nbsp;Management fees | 744 | 548 | 800 | 420 | 477 | 596 | 503 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance | 137 | 8125 | 759 |  | 571 | 1757 | 588 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1355 | 856 | 9155 | 1846 | 416 | 1916 | 1458 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1000 | 2363 | 981 | 1458 | 802 | 835 | 1978 |
| Total operating expenses | 8020 | 17737 | 18416 | 8446 | 7954 | 13373 | 10849 |
| Income (loss) from operations | 2810 | (8017) | (3521) | 1874 | 2615 | (53) | 521 |
| Other expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 3125 | 4145 | 4645 | 3074 | - | - | - |
| Total other expenses | 3125 | 4145 | 4645 | 3074 | - | - | - |
| **Net income (loss)** | $(314) | $(12163) | $(8166) | $(1201) | $2615 | $(53) | $521 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Windsor** | **Winston** | **Wisteria** | **Consolidated** |
| Rental income | $13970 | $10770 | $11808 | $2762017 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4809 | 4519 | 4867 | 1088121 |
| &nbsp;&nbsp;&nbsp;Insurance | 2282 | 595 | 1196 | 229411 |
| &nbsp;&nbsp;&nbsp;Management fees, related party | 786 | 987 | 653 | 322836 |
| &nbsp;&nbsp;&nbsp;Management fees | 947 | 862 | 580 | 141599 |
| &nbsp;&nbsp;&nbsp;Repairs & maintenance |  |  | 169 | 268495 |
| &nbsp;&nbsp;&nbsp;Property taxes | 3796 | 1812 | 1401 | 543264 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  | (960) |
| &nbsp;&nbsp;&nbsp;Loss on sale of property |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 997 | 834 | 3495 | 450532 |
| Total operating expenses | 13617 | 9609 | 12361 | 3043299 |
| Income (loss) from operations | 353 | 1161 | (553) | (281282) |
| Other expense |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 5311 | - | 4966 | 578090 |
| Total other expenses | 5311 | - | 4966 | 578090 |
| **Net income (loss)** | $(4959) | $1161 | $(5519) | $(859372) |

---

The accompanying notes are an integral part of these consolidated and consolidating financial statements.

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **100** | **101** | **Abbington** | **Abernant** | **Alvin** | **Amber** | **Apollo** | **Aster** |
| **Balance at January 1, 2025** | $565929 | $561406 | $450233 | $231398 | $326981 | $76289 | $45443 | $110329 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (5528) | (7589) | (9437) | (5495) | (9376) | (2088) | (927) | (915) |
| Net income (loss) | (6293) | (897) | (32) | 2694 | 4635 | (1492) | (5112) | (3776) |
| **Balance at June 30, 2025** | $554108 | $552920 | $440765 | $228597 | $322240 | $72709 | $39404 | $105638 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Augusta** | **Avebury** | **Avondale** | **Badminton** | **Ballinger** | **Bandelier** | **Baron** | **Basil** |
| **Balance at January 1, 2025** | $303380 | $67265 | $321633 | $52529 | $301786 | $86796 | $530319 | $51027 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (7002) | (2019) | (6219) | (1647) | (6725) | (1843) | (7801) | (2099) |
| Net income (loss) | 2002 | (2011) | 1570 | (3049) | (3180) | (2679) | (1773) | (345) |
| **Balance at June 30, 2025** | $298381 | $63235 | $316984 | $47833 | $291881 | $82274 | $520745 | $48584 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Bayside** | **Bazzel** | **Bedford** | **Bella** | **Belle** | **Belvedere** | **Bergenia** | **Blossom** |
| **Balance at January 1, 2025** | $65078 | $225453 | $60346 | $293418 | $391424 | $298531 | $223730 | $233430 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (1930) | (2524) |  | (6058) | (4943) | (8463) | (6239) | (5727) |
| Net income (loss) | (3137) | (1244) | (5779) | 2172 | (591) | 4087 | 2714 | 1995 |
| **Balance at June 30, 2025** | $60011 | $221685 | $54567 | $289533 | $385890 | $294156 | $220205 | $229698 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Bonneau** | **Brainerd** | **Braxton** | **Brennan** | **Briarwood** | **Brooklyn** | **Burlington** | **Butter** |
| **Balance at January 1, 2025** | $310011 | $145040 | $295928 | $29990 | $215598 | $69725 | $586890 | $74196 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (3852) | (5120) | (6063) |  | (7861) | (1855) | (8232) | (2262) |
| Net income (loss) | (1540) | (219) | 723 | (8413) | 2477 | (6225) | 245 | (3766) |
| **Balance at June 30, 2025** | $304618 | $139701 | $290588 | $21577 | $210214 | $61644 | $578902 | $68168 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Calvin** | **Camino** | **Cawley** | **Chaparral** | **Chelsea** | **Chester** | **Chickamauga** | **Chinook** |
| **Balance at January 1, 2025** | $244981 | $252448 | $317670 | $74394 | $81503 | $176872 | $365556 | $299531 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (7756) | (6008) | (7453) | (3521) | (3422) | (2703) | (8095) | (5593) |
| Net income (loss) | 5430 | 2307 | (3113) | (50) | (1138) | (5007) | 1878 | 743 |
| **Balance at June 30, 2025** | $242655 | $248747 | $307104 | $70823 | $76943 | $169162 | $359339 | $294681 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Chitwood** | **Clover** | **Coatbridge** | **Collier** | **Collinston** | **Conway** | **Cove** | **Creekside** |
| **Balance at January 1, 2025** | $362026 | $302837 | $55876 | $325455 | $29918 | $627687 | $186936 | $295187 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (7670) | (3218) | (1558) | (6641) | (715) | (8853) | (2488) | (7275) |
| Net income (loss) | 2062 | (8000) | (2770) | 2196 | (3080) | (902) | (1307) | 2374 |
| **Balance at June 30, 2025** | $356418 | $291619 | $51548 | $321009 | $26123 | $617932 | $183141 | $290286 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Creekwood** | **Cumberland** | **Cupcake** | **Cypress** | **Daisy** | **Davidson** | **Dawson** | **Delta** |
| **Balance at January 1, 2025** | $140985 | $281871 | $64322 | $169832 | $281689 | $34667 | $44820 | $6122 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (1203) | (6023) | (3463) | (2756) | (6278) | (749) | (1469) | (130) |
| Net income (loss) | (4456) | 918 | (2177) | (3378) | 1945 | (2161) | (3040) | (9533) |
| **Balance at June 30, 2025** | $135326 | $276766 | $58682 | $163698 | $277357 | $31757 | $40310 | $(3542) |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Dewberry** | **Diablo** | **Dogwood** | **Dolittle** | **Dolly** | **Dops** | **Dorchester** | **Dunbar** |
| **Balance at January 1, 2025** | $36489 | $46835 | $225717 | $70405 | $641255 | $199092 | $307996 | $263676 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (1127) | (1650) | (4612) | (1444) | (11802) | (5414) | (3122) |  |
| Net income (loss) | (3041) | (4048) | 1205 | (2829) | 2180 | 5844 | (15152) | (19136) |
| **Balance at June 30, 2025** | $32321 | $41137 | $222310 | $66132 | $631633 | $199521 | $289722 | $244540 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Eagle** | **Eastfair** | **Eastwood** | **Elevation** | **Ella** | **Ellen** | **Elm** | **Emporia** |
| **Balance at January 1, 2025** | $141933 | $34148 | $316973 | $27020 | $250630 | $256308 | $38512 | $69423 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (2951) |  | (6927) | (729) | (4441) | (5914) | (1527) |  |
| Net income (loss) | (6207) | (9805) | 3693 | (5578) | 115 | 1491 | (1056) | (23027) |
| **Balance at June 30, 2025** | $132775 | $24343 | $313740 | $20713 | $246304 | $251886 | $35929 | $46396 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Ensenada** | **Falcon** | **Felix** | **Fenwick** | **Fletcher** | **Folly** | **Forest** | **Foster** |
| **Balance at January 1, 2025** | $124854 | $138556 | $249576 | $296768 | $187102 | $283693 | $61048 | $317665 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (2010) | (3138) | (5120) | (5430) | (6055) | (4055) | (1866) | (8360) |
| Net income (loss) | (5858) | (3308) | 826 | 1056 | 2504 | (2239) | (5387) | 2859 |
| **Balance at June 30, 2025** | $116986 | $132110 | $245283 | $292394 | $183552 | $277399 | $53795 | $312164 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Franklin** | **Gardens** | **General** | **Goose** | **Grant** | **Greenhill** | **Gretal** | **Grove** |
| **Balance at January 1, 2025** | $295067 | $68136 | $310505 | $130681 | $98905 | $79454 | $436291 | $52212 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  | 151 |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (6529) | (2286) | (9139) | (3360) | (2734) | (2293) | (9678) | (235) |
| Net income (loss) | (34) | (887) | 5084 | (2992) | (1612) | (2505) | (1319) | (5468) |
| **Balance at June 30, 2025** | $288504 | $64962 | $306451 | $124329 | $94559 | $74656 | $425294 | $46660 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Hadden** | **Hansard** | **Hansel** | **Hargrave** | **Harrison** | **Henry** | **Heritage** | **Heron** |
| **Balance at January 1, 2025** | $66862 | $301635 | $171780 | $233425 | $218355 | $350378 | $63833 | $69707 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (513) | (4717) | (1202) | (3586) | (3815) | (4231) | (787) | (241) |
| Net income (loss) | (3908) | (2676) | (7156) | (8448) | (5336) | (1437) | (4464) | (8085) |
| **Balance at June 30, 2025** | $62441 | $294242 | $163422 | $221392 | $209203 | $344710 | $58581 | $61381 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Highland** | **Hines** | **Hobbes** | **Holcomb** | **Holland** | **Hollandaise** | **Holloway** | **Inglewood** |
| **Balance at January 1, 2025** | $268855 | $234942 | $232850 | $331950 | $50105 | $83519 | $85740 | $638161 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (451) | (4240) | (6308) | (5273) | (1223) | (722) | (2788) | (9722) |
| Net income (loss) | (11490) | (403) | 2378 | (2147) | (3228) | (5237) | (3105) | (955) |
| **Balance at June 30, 2025** | $256915 | $230298 | $228920 | $324531 | $45653 | $77561 | $79846 | $627484 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Irene** | **Jack** | **Jake** | **Jefferson** | **Jill** | **Johnny** | **June** | **Jupiter** |
| **Balance at January 1, 2025** | $185586 | $94678 | $522766 | $274328 | $191504 | $519889 | $520939 | $54500 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (6591) | (1835) | (5997) | (8740) | (3351) | (8333) | (5440) | (1502) |
| Net income (loss) | 2768 | (7435) | (3067) | 3893 | (4201) | 2255 | (3964) | (1173) |
| **Balance at June 30, 2025** | $181763 | $85408 | $513703 | $269480 | $183952 | $513811 | $511535 | $51826 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Kawana** | **Kennesaw** | **Kenny** | **KerriAnn** | **Kessler** | **Kingsley** | **Kirkwood** | **Korin** |
| **Balance at January 1, 2025** | $75619 | $396669 | $642733 | $54425 | $113071 | $61490 | $64416 | $272847 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (3173) | (7658) | (10821) | (660) | (444) | (454) | (1203) | (8039) |
| Net income (loss) | (1471) | 216 | 1282 | (7248) | (8289) | (5100) | (13031) | 3652 |
| **Balance at June 30, 2025** | $70974 | $389227 | $633194 | $46517 | $104339 | $55936 | $50182 | $268460 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Lallie** | **Lanier** | **Lannister** | **Latte** | **Lennox** | **Lierly** | **Lily** | **Limestone** |
| **Balance at January 1, 2025** | $55327 | $92166 | $38691 | $340988 | $51982 | $66284 | $127788 | $49177 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions |  | (792) | (1088) | (1974) | (2214) | (4236) | (1202) | (768) |
| Net income (loss) | (28938) | (9038) | (2625) | (14024) | 649 | 599 | (13206) | (4577) |
| **Balance at June 30, 2025** | $26389 | $82337 | $34979 | $324990 | $50417 | $62647 | $113380 | $43832 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Litton** | **Longwoods** | **Lookout** | **Loretta** | **Louis** | **Louise** | **Lovejoy** | **Luna** |
| **Balance at January 1, 2025** | $154459 | $266136 | $322051 | $637678 | $278495 | $80885 | $61308 | $32086 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (4900) | (5590) | (5440) | (3651) | (7098) | (2448) | (2132) | (1750) |
| Net income (loss) | (1021) | 593 | 433 | (7439) | 847 | (994) | (2662) | (1567) |
| **Balance at June 30, 2025** | $148538 | $261139 | $317044 | $626588 | $272245 | $77443 | $56514 | $28769 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Lurleen** | **Madison** | **Mae** | **Magnolia** | **Malbec** | **Mammoth** | **Marcelo** | **Marie** |
| **Balance at January 1, 2025** | $99796 | $82675 | $331975 | $49406 | $85252 | $42043 | $271350 | $320147 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (430) | (1728) | (4872) | (245) | (2783) |  | (6079) | (11254) |
| Net income (loss) | (11403) | (1639) | 29 | (5517) | (2422) | (6373) | 2074 | 5314 |
| **Balance at June 30, 2025** | $87962 | $79308 | $327132 | $43645 | $80047 | $35670 | $267346 | $314206 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Marietta** | **Marion** | **Marple** | **Martell** | **Mary** | **Matchingham** | **McGregor** | **McLovin** |
| **Balance at January 1, 2025** | $122875 | $251720 | $171022 | $246417 | $274304 | $53335 | $274650 | $123962 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (262) | (4685) | (2511) | (5293) | (7875) | (2591) | (4344) | (2414) |
| Net income (loss) | (7457) | 32 | (572) | 1872 | 3246 | (4520) | (1214) | (6772) |
| **Balance at June 30, 2025** | $115156 | $247067 | $167939 | $242996 | $269676 | $46224 | $269092 | $114775 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Meadow** | **Mimosa** | **Mojave** | **Murphy** | **Mycroft** | **Nugget** | **Odessa** | **Olive** |
| **Balance at January 1, 2025** | $82643 | $92902 | $57124 | $67058 | $184116 | $505739 | $89936 | $76187 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (1781) | (1259) | (2325) | (1461) | (6228) | (6117) | (1859) | (1188) |
| Net income (loss) | (3774) | (1571) | (1732) | (3357) | 2106 | (1552) | (9170) | (4136) |
| **Balance at June 30, 2025** | $77088 | $90071 | $53067 | $62240 | $179993 | $498070 | $78907 | $70863 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Oly** | **Onyx** | **Oscar** | **Osceola** | **Osprey** | **Otoro** | **Palmer** | **Patrick** |
| **Balance at January 1, 2025** | $129557 | $326290 | $246614 | $270889 | $321796 | $18807 | $288143 | $79155 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (2620) | (5688) | (2448) |  | (3989) | (644) | (5658) | (2104) |
| Net income (loss) | (4548) | (480) | (285) | (10165) | (1910) | (9765) | (2446) | (884) |
| **Balance at June 30, 2025** | $122389 | $320123 | $243881 | $260725 | $315898 | $8398 | $280040 | $76167 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Peanut** | **Pearl** | **Pecan** | **Peterson** | **Piedmont** | **Pinot** | **Pioneer** | **Plumtree** |
| **Balance at January 1, 2025** | $61392 | $497570 | $78381 | $234406 | $182490 | $88925 | $531806 | $73525 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (1634) |  | (3742) | (5286) | (1288) | (2889) | (8402) | (3242) |
| Net income (loss) | (2917) | (20653) | (2137) | 2170 | (7869) | (3899) | 738 | (2964) |
| **Balance at June 30, 2025** | $56841 | $476917 | $72502 | $231290 | $173333 | $82138 | $524141 | $67319 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Point** | **Porthos** | **Quincy** | **Redondo** | **Regency** | **Reginald** | **Reynolds** | **Ribbonwalk** |
| **Balance at January 1, 2025** | $87075 | $300381 | $488176 | $131621 | $135203 | $384474 | $409040 | $64654 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (813) | (7003) | (7325) | (1797) | (2195) | (2197) | (8495) | (1054) |
| Net income (loss) | (7966) | 823 | (3784) | (4452) | (10477) | (16056) | 1094 | (11343) |
| **Balance at June 30, 2025** | $78296 | $294201 | $477066 | $125372 | $122531 | $366221 | $401639 | $52257 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Richardson** | **Richmond** | **Ridge** | **Ritter** | **River** | **Riverwalk** | **Rooney** | **Roseberry** |
| **Balance at January 1, 2025** | $301717 | $382074 | $60154 | $445991 | $74263 | $371717 | $85891 | $89436 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (4808) | (7881) | (1768) | (7184) | (2387) | (4241) | (2811) | (629) |
| Net income (loss) | (643) | 2309 | (1968) | (1746) | (2337) | (1237) | (3379) | (7357) |
| **Balance at June 30, 2025** | $296266 | $376502 | $56418 | $437061 | $69540 | $366240 | $79701 | $81449 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Rosewood** | **Roxy** | **Saddlebred** | **Saint** | **Sajni** | **Salem** | **Salinas** | **Saturn** |
| **Balance at January 1, 2025** | $67594 | $78514 | $103603 | $100647 | $289976 | $74364 | $206266 | $50537 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (2125) | (1518) | (870) | (4745) | (5147) | (253) | (5218) | (993) |
| Net income (loss) | (1537) | (4066) | (12944) | 701 | (1804) | (12427) | 356 | (3873) |
| **Balance at June 30, 2025** | $63931 | $72930 | $89789 | $96603 | $283025 | $61684 | $201404 | $45671 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Scepter** | **Sequoyah** | **Shallowford** | **Shoreline** | **Sigma** | **Simon** | **Sims** | **Soapstone** |
| **Balance at January 1, 2025** | $63866 | $97684 | $157824 | $61839 | $93534 | $292953 | $272996 | $72265 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (1509) | (2675) | (1241) | (1613) | (1940) | (5420) | (6393) | (3131) |
| Net income (loss) | (5198) | (2131) | (2412) | (2126) | (4791) | (345) | 1676 | 220 |
| **Balance at June 30, 2025** | $57159 | $92878 | $154171 | $58099 | $86802 | $287188 | $268278 | $69354 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Sodalis** | **Spencer** | **Splash** | **Spring** | **Stonebriar** | **Sugar** | **Summerset** | **Sundance** |
| **Balance at January 1, 2025** | $268347 | $76164 | $65406 | $228386 | $47774 | $83856 | $60964 | $135821 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (1001) | (2982) | (3254) | (3008) | (1391) | (1263) | (2170) | (2726) |
| Net income (loss) | (11552) | (2348) | 123 | (2645) | (1908) | (6120) | (4011) | (4286) |
| **Balance at June 30, 2025** | $255794 | $70834 | $62276 | $222733 | $44475 | $76473 | $54783 | $128810 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Sunnyside** | **Swift** | **Taylor** | **Terracotta** | **Theodore** | **Tulip** | **Tuscan** | **Tuscarora** |
| **Balance at January 1, 2025** | $222668 | $318747 | $99717 | $55334 | $287654 | $57071 | $110728 | $329836 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (6612) | (6398) | (510) | (670) | (7223) | (1019) | (4656) | (5798) |
| Net income (loss) | 2745 | 341 | (9513) | (9850) | 1911 | (3604) | (1309) | 186 |
| **Balance at June 30, 2025** | $218801 | $312690 | $89694 | $44814 | $282342 | $52449 | $104763 | $324224 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Tuxford** | **Vernon** | **Walton** | **Wave** | **Weldon** | **Wellington** | **Wentworth** | **Wescott** |
| **Balance at January 1, 2025** | $43712 | $55776 | $247211 | $713 | $60113 | $385801 | $65105 | $101334 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions |  | (1415) | (3601) | (153) | (1051) | (6543) | (3442) | (888) |
| Net income (loss) | (5678) | (3407) | (1321) | (6732) | (3606) | (244) | (68) | (4801) |
| **Balance at June 30, 2025** | $38033 | $50953 | $242289 | $(6172) | $55455 | $379013 | $61595 | $95644 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2025**<br>

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Westchester** | **Wildwood** | **Willow** | **Wilson** | **Winchester** | **Windsor** | **Winston** | **Wisteria** | **Consolidated** |
| **Balance at January 1, 2025** | $100798 | $105529 | $268524 | $361810 | $260782 | $58795 | $316759 | $74600 | $47023244 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  | 151 |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |  |
| Distributions | (1249) | (3125) | (3246) | (6821) | (4509) |  | (5396) | (1430) | (876319) |
| Net income (loss) | (8185) | (598) | (229) | (503) | 1743 | (14073) | (494) | (3173) | (699654) |
| **Balance at June 30, 2025** | $91365 | $101807 | $265048 | $354486 | $258016 | $44722 | $310869 | $69997 | $45447423 |

---

The accompanying notes are an integral part of these consolidated and consolidating financial statements.

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **100** | **101** | **Abbington** | **Abernant** | **Alvin** | **Amber** | **Apollo** | **Aster** |
| **Balance at January 1, 2024** | 594713 | 582046 | 458151 | (5563) | (4954) | 86890 | 59321 | 119930 |
| Issuance of membership units, net of offering costs | (1300) | (3600) |  | 252032 | 345786 |  | (300) | (100) |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (7823) | (5602) | (5322) | (6257) | (8966) | (1430) | (975) | (1589) |
| Net income (loss) | (4055) | (2610) | (1618) | (3843) | 1388 | (4348) | (2662) | (3387) |
| **Balance at June 30, 2024** | $581535 | $570234 | $451211 | $236369 | $333255 | $81111 | $55385 | $114855 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Augusta** | **Avebury** | **Avondale** | **Badminton** | **Ballinger** | **Bandelier** | **Baron** | **Basil** |
| **Balance at January 1, 2024** | 315424 | 81236 | 338391 | 62192 | 319272 | 104974 | 555958 | 55865 |
| Issuance of membership units, net of offering costs |  | (500) |  |  |  |  | (540) |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (7495) | (1126) | (5132) | (1798) | (7993) | (1357) | (4620) | (2042) |
| Net income (loss) | 2793 | (4579) | (1780) | (3633) | (4417) | (1921) | (3518) | 675 |
| **Balance at June 30, 2024** | $310722 | $75030 | $331479 | $56761 | $306861 | $101697 | $547280 | $54498 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Bayside** | **Bazzel** | **Bedford** | **Bella** | **Belle** | **Belvedere** | **Bergenia** | **Blossom** |
| **Balance at January 1, 2024** | 77674 | 235519 | 91534 | 309049 | 403592 | 310281 | 233188 | 258124 |
| Issuance of membership units, net of offering costs | (100) | (500) |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (3224) | (3078) | (2297) | (7327) | (4443) | (8848) | (6446) | (6002) |
| Net income (loss) | (3539) | (886) | (11182) | (1549) | (640) | 3549 | 2005 | (3088) |
| **Balance at June 30, 2024** | $70811 | $231055 | $78055 | $300172 | $398508 | $304982 | $228747 | $249034 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Bonneau** | **Brainerd** | **Braxton** | **Brennan** | **Briarwood** | **Brooklyn** | **Burlington** | **Butter** |
| **Balance at January 1, 2024** | 323758 | 156724 | 313883 | 51413 | 226325 | 77133 | 613517 | 99117 |
| Issuance of membership units, net of offering costs | (2100) |  |  |  |  |  | (1000) | (100) |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (5548) | (4501) | (8829) | (805) | (6467) | (2067) | (5134) | (2215) |
| Net income (loss) | 1035 | (1961) | (3174) | (16352) | (899) | (1855) | (434) | (14446) |
| **Balance at June 30, 2024** | $317144 | $150261 | $301879 | $34256 | $218960 | $73211 | $606950 | $82355 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Calvin** | **Camino** | **Cawley** | **Centennial** | **Chaparral** | **Chelsea** | **Chester** | **Chickamauga** |
| **Balance at January 1, 2024** | 257076 | 269909 | 330247 | 84594 | 82340 | 93350 | 195419 | 379446 |
| Issuance of membership units, net of offering costs |  | (2200) |  | (200) |  | (500) | (400) |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (6766) | (6383) | (8640) | (2803) | (2693) | (3172) | (2484) | (8913) |
| Net income (loss) | 1115 | 979 | 2613 | (715) | (1760) | (1497) | (5799) | 1923 |
| **Balance at June 30, 2024** | $251426 | $262305 | $324221 | $80877 | $77887 | $88181 | $186737 | $372457 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Chinook** | **Chitwood** | **Clover** | **Coatbridge** | **Collier** | **Collinston** | **Conway** | **Cove** |
| **Balance at January 1, 2024** | 312617 | 376491 | 321408 | 71177 | 333677 | 53806 | 650075 | 219469 |
| Issuance of membership units, net of offering costs |  | (500) | (200) |  | (300) |  | (600) |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (7469) | (8162) | (4659) | (1558) | (5332) | (204) | (4662) | (1971) |
| Net income (loss) | 46 | 1524 | (6348) | (7610) | 165 | (10498) | (9845) | (7586) |
| **Balance at June 30, 2024** | $305193 | $369353 | $310201 | $62009 | $328210 | $43104 | $634968 | $209912 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Creekside** | **Creekwood** | **Cumberland** | **Cupcake** | **Cypress** | **Daisy** | **Davidson** | **Dawson** |
| **Balance at January 1, 2024** | 307945 | 151312 | 301324 | 75699 | 186253 | 298668 | 47233 | 58451 |
| Issuance of membership units, net of offering costs | (1500) |  | (2100) |  |  | (2600) |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (7300) | (2349) | (6157) | (4044) | (2805) | (6421) | (1340) | (1403) |
| Net income (loss) | 2321 | (2788) | 389 | (1851) | (7735) | 1850 | (194) | (7968) |
| **Balance at June 30, 2024** | $301467 | $146175 | $293456 | $69804 | $175712 | $291497 | $45699 | $49080 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Delta** | **Dewberry** | **Diablo** | **Dogwood** | **Dolittle** | **Dolly** | **Dops** | **Dorchester** |
| **Balance at January 1, 2024** | 51210 | 55358 | 57498 | 240982 | 85280 | 663182 | 208836 | 325303 |
| Issuance of membership units, net of offering costs |  |  |  |  |  | (350) |  | (500) |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (434) | (1924) | (1225) | (4723) | (2861) | (3384) | (5896) | (5249) |
| Net income (loss) | (23135) | (3297) | (3211) | 297 | (3288) | (11055) | 639 | 367 |
| **Balance at June 30, 2024** | $27641 | $50137 | $53062 | $236557 | $79131 | $648393 | $203579 | $319921 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Dunbar** | **Eagle** | **Eastfair** | **Eastwood** | **Elevation** | **Ella** | **Ellen** | **Elm** |
| **Balance at January 1, 2024** | 282263 | 154904 | 46722 | 338973 | 65056 | 260478 | 261367 | 44836 |
| Issuance of membership units, net of offering costs | (200) | (1000) | (100) |  | (100) | (100) |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (3157) | (4835) | (2160) | (2772) | (1470) | (7078) | (6300) | (1511) |
| Net income (loss) | (2250) | (2088) | (4986) | (11896) | (13181) | 1389 | 6944 | (2536) |
| **Balance at June 30, 2024** | $276657 | $146980 | $39476 | $324306 | $50304 | $254689 | $262011 | $40788 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Emporia** | **Ensenada** | **Falcon** | **Felix** | **Fenwick** | **Fletcher** | **Folly** | **Forest** |
| **Balance at January 1, 2024** | 83249 | 160861 | 152047 | 261943 | 313918 | 191724 | 295682 | 81213 |
| Issuance of membership units, net of offering costs |  |  | (600) |  |  |  | (400) |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (2256) | (1525) | (4571) | (6630) | (8057) | (5602) | (4349) | (649) |
| Net income (loss) | (2487) | (18380) | (283) | 2164 | 6252 | 2368 | 577 | (11806) |
| **Balance at June 30, 2024** | $78506 | $140956 | $146593 | $257477 | $312113 | $188489 | $291511 | $68758 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Foster** | **Franklin** | **Gardens** | **General** | **Goose** | **Grant** | **Greenhill** | **Gretal** |
| **Balance at January 1, 2024** | 332461 | 310871 | 77825 | 321727 | 141607 | 110433 | 91431 | 451575 |
| Issuance of membership units, net of offering costs |  |  |  |  | (250) |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (10152) | (6281) | (2229) | (8539) | (4778) | (3526) | (3276) | (8789) |
| Net income (loss) | 4421 | (1555) | (3212) | 4035 | (859) | (1901) | (1770) | 33 |
| **Balance at June 30, 2024** | $326731 | $303035 | $72384 | $317223 | $135720 | $105006 | $86384 | $442820 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Grove** | **Hadden** | **Hansard** | **Hansel** | **Hargrave** | **Harrison** | **Henry** | **Heritage** |
| **Balance at January 1, 2024** | 67338 | 79348 | 313472 | 196181 | (4083) | 237950 | 384249 | 76886 |
| Issuance of membership units, net of offering costs |  | (500) | (100) |  | 259629 | (1950) | (1400) |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (1113) | (2695) | (8663) | (2164) | (4230) | (3895) | (1413) | (1699) |
| Net income (loss) | (4950) | (2663) | 2869 | (11875) | (8062) | (5869) | (24200) | (4899) |
| **Balance at June 30, 2024** | $61275 | $73491 | $307578 | $182142 | $243254 | $226235 | $357236 | $70288 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Heron** | **Highland** | **Hines** | **Hobbes** | **Holcomb** | **Holland** | **Hollandaise** | **Holloway** |
| **Balance at January 1, 2024** | 86296 | 275933 | 249789 | 253081 | 347189 | 56958 | 114926 | 100243 |
| Issuance of membership units, net of offering costs |  | (500) | (500) |  |  |  | (400) |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (1714) | (4865) | (3716) | (4177) | (6049) | (1101) | (1462) | (3689) |
| Net income (loss) | (7009) | 2313 | (617) | (7761) | 717 | (2092) | (23590) | (3900) |
| **Balance at June 30, 2024** | $77572 | $272881 | $244957 | $241143 | $341857 | $53765 | $89473 | $92654 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Inglewood** | **Irene** | **Jack** | **Jake** | **Jefferson** | **Jill** | **Johnny** | **June** |
| **Balance at January 1, 2024** | 661009 | 191502 | 119501 | 548874 | 282870 | 209230 | 537900 | 541248 |
| Issuance of membership units, net of offering costs | (1050) |  |  | (1000) |  |  | (2000) | (500) |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (7629) | (5880) | (1688) | (6403) | (7976) | (4103) | (5307) | (4713) |
| Net income (loss) | (6854) | 3413 | (4960) | (1325) | 4254 | (5665) | (2714) | 97 |
| **Balance at June 30, 2024** | $645477 | $189035 | $112852 | $540146 | $279148 | $199462 | $527879 | $536132 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Jupiter** | **Kawana** | **Kennesaw** | **Kenny** | **KerriAnn** | **Kessler** | **Kingsley** | **Kirkwood** |
| **Balance at January 1, 2024** | 64237 | 85994 | 414906 | 673437 | 83068 | 131393 | 78599 | 73583 |
| Issuance of membership units, net of offering costs |  |  | (1100) | (2850) | (2500) | (100) |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (735) | (2818) | (5194) | (787) | (728) | (1161) | (2688) | (1612) |
| Net income (loss) | (4968) | (2595) | (1769) | (18377) | (16258) | (7004) | (7852) | (3654) |
| **Balance at June 30, 2024** | $58534 | $80581 | $406843 | $651423 | $63582 | $123129 | $68059 | $68317 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Korin** | **Lallie** | **Lanier** | **Lannister** | **Latte** | **Lennox** | **Lierly** | **Lily** |
| **Balance at January 1, 2024** | 283739 | 78613 | 112605 | 56650 | 358125 | 65718 | 75997 | 145760 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (7877) | (1363) | (1848) | (975) | (5674) | (2818) | (4255) | (1611) |
| Net income (loss) | 3128 | (12673) | (11669) | (4547) | 620 | (2521) | (1878) | (7156) |
| **Balance at June 30, 2024** | $278990 | $64576 | $99089 | $51129 | $353071 | $60379 | $69863 | $136993 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Limestone** | **Litton** | **Longwoods** | **Lookout** | **Loretta** | **Louis** | **Louise** | **Lovejoy** |
| **Balance at January 1, 2024** | 76674 | 175400 | 281331 | 333510 | 662939 | 288474 | 94031 | 72578 |
| Issuance of membership units, net of offering costs |  | (100) |  | (200) | (7700) |  |  | (500) |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (1014) | (3190) | (6844) | (5481) | (5749) | (7032) | (2276) | (2420) |
| Net income (loss) | (20409) | (3037) | (1083) | (2641) | (2055) | 3416 | (7256) | (3648) |
| **Balance at June 30, 2024** | $55251 | $169073 | $273404 | $325189 | $647435 | $284857 | $84499 | $66010 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Luna** | **Lurleen** | **Madison** | **Mae** | **Magnolia** | **Malbec** | **Mammoth** | **Marcelo** |
| **Balance at January 1, 2024** | 45060 | 111046 | 88297 | 348853 | 69864 | 91461 | 80035 | 283064 |
| Issuance of membership units, net of offering costs |  |  |  | (400) | (1000) | (100) |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (1041) | (3549) | (1279) | (7335) | (1290) | (3556) | (366) | (7429) |
| Net income (loss) | (7739) | (2157) | (525) | 1604 | (4257) | (3699) | (28180) | 1834 |
| **Balance at June 30, 2024** | $36279 | $105340 | $86493 | $342722 | $63317 | $84105 | $51489 | $277468 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Marie** | **Marietta** | **Marion** | **Marple** | **Martell** | **Mary** | **Matchingham** | **McGregor** |
| **Balance at January 1, 2024** | 330281 | 144459 | 265793 | 185111 | 263183 | 282657 | 62943 | 287433 |
| Issuance of membership units, net of offering costs |  |  |  |  | (300) |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (10032) | (1612) | (5871) | (5491) | (4647) | (7715) | (3439) | (5137) |
| Net income (loss) | 5070 | (8876) | (3129) | 1092 | (7570) | 4164 | (2719) | (1786) |
| **Balance at June 30, 2024** | $325319 | $133972 | $256794 | $180712 | $250666 | $279106 | $56785 | $280510 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **McLovin** | **Meadow** | **Mimosa** | **Mojave** | **Murphy** | **Mycroft** | **Nugget** | **Odessa** |
| **Balance at January 1, 2024** | 140027 | 97301 | 110821 | 66670 | 84745 | 189637 | 527454 | 107183 |
| Issuance of membership units, net of offering costs |  |  |  |  |  | (200) | (2500) | (100) |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (3995) | (2319) | (3583) | (3176) | (1135) | (5451) | (7451) | (2406) |
| Net income (loss) | (4883) | (2946) | (3120) | 761 | (10818) | 3090 | (246) | (6103) |
| **Balance at June 30, 2024** | $131149 | $92035 | $104118 | $64256 | $72792 | $187076 | $517258 | $98574 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Olive** | **Oly** | **Onyx** | **Oscar** | **Osceola** | **Osprey** | **Otoro** | **Palmer** |
| **Balance at January 1, 2024** | 88603 | 148506 | 340043 | 255653 | 284474 | 345659 | 64418 | 304533 |
| Issuance of membership units, net of offering costs |  |  |  |  |  | (100) | (680) |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (2594) | (2336) | (6341) | (6179) | (6196) | (4433) | (782) | (6526) |
| Net income (loss) | (4736) | (9079) | (124) | 2594 | (1412) | 312 | (25688) | (4073) |
| **Balance at June 30, 2024** | $81273 | $137091 | $333578 | $252068 | $276866 | $341438 | $37268 | $293934 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Patrick** | **Peanut** | **Pearl** | **Pecan** | **Peterson** | **Piedmont** | **Pinot** | **Pioneer** |
| **Balance at January 1, 2024** | 88643 | 68384 | 517843 | 86154 | 244203 | 202141 | 97930 | 552083 |
| Issuance of membership units, net of offering costs |  | (300) | (1000) |  |  |  |  | (100) |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (1866) | (2030) | (7909) | (4298) | (6967) | (2783) | (3375) | (5016) |
| Net income (loss) | (3610) | (1912) | (2945) | (535) | 2930 | (6951) | (2887) | (5450) |
| **Balance at June 30, 2024** | $83167 | $64142 | $505989 | $81322 | $240166 | $192408 | $91668 | $541517 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Plumtree** | **Point** | **Porthos** | **Quincy** | **Redondo** | **Regency** | **Reginald** | **Reynolds** |
| **Balance at January 1, 2024** | 86419 | 114176 | 317214 | 503308 | 156396 | 151349 | 412678 | 426507 |
| Issuance of membership units, net of offering costs |  |  |  | (3750) |  |  | (2450) | (500) |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (4929) | (1261) | (8754) | (3678) | (2854) | (5208) | (5362) | (7273) |
| Net income (loss) | (906) | (19249) | 927 | (726) | (3482) | (3096) | (1146) | 481 |
| **Balance at June 30, 2024** | $80584 | $93665 | $309387 | $495154 | $150060 | $143045 | $403720 | $419214 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Ribbonwalk** | **Richardson** | **Richmond** | **Ridge** | **Ritter** | **River** | **Riverwalk** | **Rooney** |
| **Balance at January 1, 2024** | 79773 | 313915 | (6154) | 70221 | 468854 | 83045 | 386873 | 95046 |
| Issuance of membership units, net of offering costs |  | (1200) | 414717 |  | (1000) | (100) | (200) |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (1596) | (6808) | (11285) | (2798) | (3770) | (3785) | (2813) | (1702) |
| Net income (loss) | (4385) | 2021 | (1700) | (3000) | (11499) | 140 | (5875) | (3242) |
| **Balance at June 30, 2024** | $73792 | $307927 | $395577 | $64424 | $452585 | $79299 | $377985 | $90102 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Roseberry** | **Rosewood** | **Roxy** | **Saddlebred** | **Saint** | **Sajni** | **Salem** | **Salinas** |
| **Balance at January 1, 2024** | 98321 | 76048 | 89633 | 121332 | 109504 | 303788 | 94622 | 212726 |
| Issuance of membership units, net of offering costs |  |  |  | (100) |  |  | (200) |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (3129) | (1557) | (1747) | (2136) | (3710) | (8158) | (3580) | (4376) |
| Net income (loss) | (2613) | (3514) | (4959) | (6711) | (67) | (141) | (3845) | 2303 |
| **Balance at June 30, 2024** | $92578 | $70976 | $82927 | $112385 | $105727 | $295489 | $86997 | $210654 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Saturn** | **Scepter** | **Sequoyah** | **Shallowford** | **Shoreline** | **Sigma** | **Simon** | **Sims** |
| **Balance at January 1, 2024** | 65030 | 70772 | 120340 | 181574 | 73683 | 107785 | 302058 | 285308 |
| Issuance of membership units, net of offering costs |  | (100) |  |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (1748) | (1836) | (858) | (1971) | (2139) | (2749) | (7978) | (6750) |
| Net income (loss) | (1911) | (1350) | (17973) | (10066) | (3581) | (5352) | 3917 | 1394 |
| **Balance at June 30, 2024** | $61371 | $67486 | $101509 | $169537 | $67963 | $99683 | $297997 | $279952 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Soapstone** | **Sodalis** | **Spencer** | **Splash** | **Spring** | **Stonebriar** | **Sugar** | **Summerset** |
| **Balance at January 1, 2024** | 80345 | 278889 | 88471 | 79726 | 243698 | 56469 | 97170 | 70725 |
| Issuance of membership units, net of offering costs |  | (2100) | (200) |  |  |  |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (3601) | (4490) | (3428) | (4003) | (5043) | (975) | (2159) | (828) |
| Net income (loss) | 2148 | (1861) | (2934) | (990) | (4452) | (4068) | (5388) | (3755) |
| **Balance at June 30, 2024** | $78892 | $270438 | $81909 | $74733 | $234203 | $51426 | $89623 | $66141 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Sundance** | **Sunnyside** | **Swift** | **Taylor** | **Terracotta** | **Theodore** | **Tulip** | **Tuscan** |
| **Balance at January 1, 2024** | 160145 | 234608 | 341318 | 113555 | 96781 | 299969 | 67164 | 125639 |
| Issuance of membership units, net of offering costs |  |  |  |  |  |  | (300) |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |
| Distributions | (3169) | (6165) | (5608) | (2055) | (2206) | (7291) | (1846) | (3685) |
| Net income (loss) | (5345) | 239 | 695 | (7549) | (6262) | 884 | (1835) | (4107) |
| **Balance at June 30, 2024** | $151631 | $228682 | $336405 | $103951 | $88313 | $293562 | $63183 | $117847 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Tuscarora** | **Tuxford** | **Vernon** | **Walton** | **Wave** | **Weldon** | **Wellington** | **Wentworth** | **Wescott** |
| **Balance at January 1, 2024** | 343747 | 64308 | 66717 | 256038 | 57312 | 66712 | 406987 | 71795 | 120950 |
| Issuance of membership units, net of offering costs |  |  |  | (1500) |  |  | (700) |  |  |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |  |
| Distributions | (9144) | (952) | (1833) | (3613) | (418) | (1470) | (8483) | (4049) | (1563) |
| Net income (loss) | 3757 | (11423) | (4614) | 3496 | (27053) | (1386) | (463) | (314) | (12163) |
| **Balance at June 30, 2024** | $338360 | $51932 | $60270 | $254422 | $29841 | $63856 | $397341 | $67432 | $107225 |

---

**ARRIVED HOMES, LLC AND ITS SERIES**<br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY (DEFICIT) (UNAUDITED)**<br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**<br>

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Westchester** | **Wildwood** | **Willow** | **Wilson** | **Winchester** | **Windsor** | **Winston** | **Wisteria** | **Consolidated** |
| **Balance at January 1, 2024** | 122383 | 113442 | 289615 | 379202 | 277879 | 108799 | 334099 | 87823 | 49705994 |
| Issuance of membership units, net of offering costs |  |  | (1600) | (100) |  |  | (1100) |  | 1198394 |
| Deemed contribution from Manager |  |  |  |  |  |  |  |  |  |
| Distributions | (4001) | (2626) | (6015) | (7886) | (8167) | (4725) | (7122) | (1685) | (990663) |
| Net income (loss) | (8166) | (1201) | 2615 | (53) | 521 | (4959) | 1161 | (5519) | (859372) |
| **Balance at June 30, 2024** | $110217 | $109616 | $284616 | $371163 | $270233 | $99116 | $327037 | $80619 | $49054353 |

---

The accompanying notes are an integral part of these consolidated and consolidating financial statements.

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **100** | **101** | **Abbington** | **Abernant** | **Alvin** | **Amber** |
| **Cash flows from operating activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(6293) | $(897) | $(32) | $2694 | $4635 | $(1492) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 8445 | 9308 | 7247 | 3124 | 4368 | 4208 |
| &nbsp;&nbsp;&nbsp;Amortization |  |  |  |  |  | 38 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 662 | 665 | 532 | 343 | 527 | (613) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (5624) | (341) | (129) | (145) | (34) | (614) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (1613) | 4388 | (4188) | (301) | (3536) | (446) |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2995 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 4479 | 11016 | 3226 | 1144 | 1353 | 1990 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 3050 | 24139 | 6656 | 6860 | 7312 | 3072 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | (7073) | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | (7073) | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  | 7100 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (5528) | (7589) | (9437) | (5495) | (9376) | (2088) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (5528) | (489) | (9437) | (5495) | (9376) | (2088) |
| **Net change in cash** | (2478) | 16577 | (2781) | 1364 | (2064) | 983 |
| **Cash at beginning of the period** | 14219 | 4848 | 10672 | 12076 | 26090 | 3964 |
| **Cash at end of of the period** | $11741 | $21424 | $7891 | $13440 | $24026 | $4947 |
| **Cash paid for income taxes** | $1425 | $- | $1136 | $- | $- | $420 |
| **Cash paid for interest expenses** | $- | $- | $- | $- | $- | $3929 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Apollo** | **Aster** | **Augusta** | **Avebury** | **Avondale** | **Badminton** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(5112) | $(3776) | $2002 | $(2011) | $1570 | $(3049) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3933 | 3504 | 4075 | 3995 | 4523 | 4230 |
| &nbsp;&nbsp;&nbsp;Amortization | 58 | 55 |  | 38 |  | 42 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (324) | (533) | 403 | (344) | 471 | (5) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 1336 | (101) | 290 | (310) | (241) | (136) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (321) | (519) | 319 | (531) | 589 | (640) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 1808 | 2388 | 1202 | 2215 | 1298 | 1120 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 1378 | 1017 | 8292 | 3051 | 8211 | 1562 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (927) | (915) | (7002) | (2019) | (6219) | (1647) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (927) | (915) | (7002) | (2019) | (6219) | (1647) |
| **Net change in cash** | 451 | 102 | 1290 | 1032 | 1991 | (84) |
| **Cash at beginning of the period** | 1694 | 5281 | 19643 | 3606 | 6934 | 5085 |
| **Cash at end of of the period** | $2145 | $5384 | $20933 | $4638 | $8925 | $5000 |
| **Cash paid for income taxes** | $- | $153 | $250 | $- | $250 | $165 |
| **Cash paid for interest expenses** | $3897 | $4278 | $- | $4005 | $- | $4070 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Ballinger** | **Bandelier** | **Baron** | **Basil** | **Bayside** | **Bazzel** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(3180) | $(2679) | $(1773) | $(345) | $(3137) | $(1244) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4108 | 4134 | 8403 | 2784 | 3525 | 3763 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 43 |  | 34 | 40 |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 414 | (704) | 800 | (135) | (83) | 423 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 333 | (397) | (271) | (279) | (166) | (645) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (2781) | (199) | (4070) | (675) | (364) | (3323) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 1196 | 2475 | 3835 | 1270 | 1503 | 2928 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 89 | 2673 | 6925 | 2656 | 1318 | 1903 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | (6011) | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | (6011) | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (6725) | (1843) | (7801) | (2099) | (1930) | (2524) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (6725) | (1843) | (7801) | (2099) | (1930) | (2524) |
| **Net change in cash** | (6636) | 830 | (6888) | 557 | (613) | (621) |
| **Cash at beginning of the period** | 12717 | 6425 | 13820 | 6984 | 4921 | 7449 |
| **Cash at end of of the period** | $6081 | $7256 | $6932 | $7540 | $4309 | $6828 |
| **Cash paid for income taxes** | $733 | $107 | $- | $115 | $115 | $290 |
| **Cash paid for interest expenses** | $- | $4789 | $- | $3078 | $3873 | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Bedford** | **Bella** | **Belle** | **Belvedere** | **Bergenia** | **Blossom** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(5779) | $2172 | $(591) | $4087 | $2714 | $1995 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3847 | 4206 | 6042 | 4051 | 2986 | 3495 |
| &nbsp;&nbsp;&nbsp;Amortization | 26 |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (327) | 424 | 599 | 524 | 346 | 294 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (4726) | (1093) | 97 | 141 | 95 | 146 |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (43) | (880) | 1885 | 233 | (946) | (793) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (5495) | (2449) | 3013 | 1169 | 1165 | 2425 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (12496) | 2380 | 11046 | 10206 | 6360 | 7562 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party | 13300 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | - | (6058) | (4943) | (8463) | (6239) | (5727) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 13300 | (6058) | (4943) | (8463) | (6239) | (5727) |
| **Net change in cash** | 804 | (3678) | 6103 | 1743 | 121 | 1834 |
| **Cash at beginning of the period** | 3820 | 6160 | 6393 | 16602 | 15462 | 7063 |
| **Cash at end of of the period** | $4624 | $2482 | $12496 | $18346 | $15582 | $8897 |
| **Cash paid for income taxes** | $173 | $- | $250 | $250 | $- | $153 |
| **Cash paid for interest expenses** | $3824 | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Bonneau** | **Brainerd** | **Braxton** | **Brennan** | **Briarwood** | **Brooklyn** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(1540) | $(219) | $723 | $(8413) | $2477 | $(6225) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 5137 | 3998 | 4452 | 3115 | 2866 | 2907 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 362 |  | 65 |  | 208 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 1004 | 347 | 352 | (322) | 349 | 279 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 644 | 33 | (688) | 233 | 333 | 1218 |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (4445) | (2687) | 554 | (386) | (1566) | 408 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (579) | 3248 | 2600 | 3099 | 974 | 1843 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 221 | 5084 | 7993 | (2610) | 5434 | 638 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party | 7000 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (3852) | (5120) | (6063) | - | (7861) | (1855) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 3148 | (5120) | (6063) | - | (7861) | (1855) |
| **Net change in cash** | 3369 | (36) | 1930 | (2610) | (2427) | (1217) |
| **Cash at beginning of the period** | 5771 | 17919 | 6295 | 4049 | 15889 | 4299 |
| **Cash at end of of the period** | $9140 | $17883 | $8224 | $1439 | $13462 | $3082 |
| **Cash paid for income taxes** | $365 | $691 | $- | $- | $153 | $- |
| **Cash paid for interest expenses** | $- | $4677 | $- | $4495 | $- | $2677 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Burlington** | **Butter** | **Calvin** | **Camino** | **Cawley** | **Chaparral** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $245 | $(3766) | $5430 | $2307 | $(3113) | $(50) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 8916 | 5190 | 3245 | 3644 | 4312 | 2700 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 45 |  |  |  | 26 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 921 | 40 | 265 | 357 | 469 | 323 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (683) | (300) | (1834) | (757) | 1515 | 651 |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 7485 | (445) | (2980) | (301) | (96) | (86) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 368 | 2403 | 1272 | 1507 | 1129 | 2119 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 17251 | 3165 | 5398 | 6757 | 4216 | 5683 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party | 12000 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (8232) | (2262) | (7756) | (6008) | (7453) | (3521) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 3768 | (2262) | (7756) | (6008) | (7453) | (3521) |
| **Net change in cash** | 21019 | 904 | (2358) | 749 | (3237) | 2162 |
| **Cash at beginning of the period** | 5097 | 5879 | 20020 | 7713 | 17482 | 9712 |
| **Cash at end of of the period** | $26116 | $6783 | $17661 | $8462 | $14245 | $11873 |
| **Cash paid for income taxes** | $- | $140 | $- | $- | $250 | $- |
| **Cash paid for interest expenses** | $- | $5130 | $- | $- | $- | $2136 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Chelsea** | **Chester** | **Chickamauga** | **Chinook** | **Chitwood** | **Clover** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(1138) | $(5007) | $1878 | $743 | $2062 | $(8000) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4234 | 5095 | 5129 | 4952 | 5255 | 4397 |
| &nbsp;&nbsp;&nbsp;Amortization | 39 | 75 |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (456) | (744) | 477 | 537 | 462 | 542 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (1106) | 411 | (11) | 231 | 259 | 3776 |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (763) | (777) | (3718) | 113 | (4457) | 5906 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  | (1995) |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3237 | 3489 | 1399 | 2625 | 1429 | 3331 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 4047 | 2541 | 5154 | 9202 | 5010 | 7957 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  | 5600 |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (3422) | (2703) | (8095) | (5593) | (7670) | (3218) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (3422) | (2703) | (8095) | (5593) | (7670) | 2382 |
| **Net change in cash** | 625 | (162) | (2941) | 3609 | (2660) | 10339 |
| **Cash at beginning of the period** | 8741 | 10082 | 18721 | 6864 | 13968 | 3654 |
| **Cash at end of of the period** | $9366 | $9920 | $15780 | $10473 | $11308 | $13993 |
| **Cash paid for income taxes** | $- | $876 | $810 | $250 | $- | $(51) |
| **Cash paid for interest expenses** | $4215 | $6236 | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Coatbridge** | **Collier** | **Collinston** | **Conway** | **Cove** | **Creekside** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(2770) | $2196 | $(3080) | $(902) | $(1307) | $2374 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4526 | 4879 | 2906 | 9438 | 2890 | 4269 |
| &nbsp;&nbsp;&nbsp;Amortization | 42 |  | 30 |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (161) | 451 | (376) | 701 | 410 | 348 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (610) | (46) | (1491) | 406 | (3079) | 2 |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (508) | (2166) | 5649 | (4544) | 1349 | (265) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (18) | (112) | 5542 | 6867 | (321) | 1243 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 502 | 5201 | 9179 | 11965 | (58) | 7972 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  | 6200 |  | 6000 |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (1558) | (6641) | (715) | (8853) | (2488) | (7275) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1558) | (6641) | 5485 | (8853) | 3512 | (7275) |
| **Net change in cash** | (1056) | (1441) | 14664 | 3111 | 3454 | 697 |
| **Cash at beginning of the period** | 4367 | 5342 | 1002 | 6782 | 2682 | 10948 |
| **Cash at end of of the period** | $3311 | $3901 | $15666 | $9894 | $6137 | $11645 |
| **Cash paid for income taxes** | $172 | $825 | $492 | $1616 | $- | $153 |
| **Cash paid for interest expenses** | $4100 | $- | $2674 | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Creekwood** | **Cumberland** | **Cupcake** | **Cypress** | **Daisy** | **Davidson** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(4456) | $918 | $(2177) | $(3378) | $1945 | $(2161) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3972 | 4059 | 3275 | 5013 | 4138 | 2909 |
| &nbsp;&nbsp;&nbsp;Amortization | 61 |  | 53 | 59 |  | 31 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (589) | 367 | (431) | (2274) | 368 | (369) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2305) | (45) | 1402 | (415) | (220) | (1882) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (565) | (2854) | (905) | (622) | (843) | (311) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2483 | 1217 | 2243 | 2790 | 852 | 4051 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (1398) | 3662 | 3461 | 1173 | 6240 | 2268 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (1203) | (6023) | (3463) | (2756) | (6278) | (749) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1203) | (6023) | (3463) | (2756) | (6278) | (749) |
| **Net change in cash** | (2602) | (2361) | (2) | (1583) | (38) | 1519 |
| **Cash at beginning of the period** | 9400 | 10567 | 8611 | 4137 | 6204 | 1690 |
| **Cash at end of of the period** | $6799 | $8206 | $8609 | $2554 | $6166 | $3209 |
| **Cash paid for income taxes** | $- | $697 | $153 | $150 | $153 | $493 |
| **Cash paid for interest expenses** | $4856 | $- | $3017 | $6105 | $- | $2879 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Dawson** | **Delta** | **Dewberry** | **Diablo** | **Dogwood** | **Dolittle** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(3040) | $(9533) | $(3041) | $(4048) | $1205 | $(2829) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3617 | 5526 | 2613 | 3571 | 3311 | 4222 |
| &nbsp;&nbsp;&nbsp;Amortization | 37 | 41 | 33 | 38 |  | 38 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (72) | (708) | (391) | (496) | 359 | (511) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (225) | (2561) | (396) | 96 | (1196) | (4800) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (424) | 142 | (189) | (721) | (1156) | (178) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 1154 | 9841 | 4137 | 2422 | 2225 | 5574 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 1048 | 2748 | 2766 | 863 | 4748 | 1517 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (1469) | (130) | (1127) | (1650) | (4612) | (1444) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1469) | (130) | (1127) | (1650) | (4612) | (1444) |
| **Net change in cash** | (421) | 2618 | 1639 | (787) | 136 | 73 |
| **Cash at beginning of the period** | 3807 | 3316 | 1707 | 5138 | 8906 | 5223 |
| **Cash at end of of the period** | $3386 | $5934 | $3346 | $4351 | $9043 | $5296 |
| **Cash paid for income taxes** | $147 | $200 | $115 | $50 | $- | $172 |
| **Cash paid for interest expenses** | $3419 | $4435 | $2836 | $4067 | $- | $4060 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Dolly** | **Dops** | **Dorchester** | **Dunbar** | **Eagle** | **Eastfair** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $2180 | $5844 | $(15152) | $(19136) | $(6207) | $(9805) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 9475 | 2809 | 4835 | 6591 | 3946 | 2956 |
| &nbsp;&nbsp;&nbsp;Amortization |  |  |  |  | 57 | 38 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 713 | (743) | 1051 | 447 | (517) | (777) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (167) | (2383) | 7087 | 4728 | 3626 | 2504 |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (4334) | 615 | (4701) | 16323 | (954) | (155) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  | (2495) |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 559 | 944 | 6087 | 18090 | 2644 | 3854 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 8425 | 7086 | (794) | 24548 | 2594 | (1385) |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | (6500) | (7800) | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | (6500) | (7800) | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  | 7000 | 17200 |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (11802) | (5414) | (3122) | - | (2951) | - |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (11802) | (5414) | 3878 | 17200 | (2951) | - |
| **Net change in cash** | (3376) | 1671 | (3416) | 33948 | (356) | (1385) |
| **Cash at beginning of the period** | 7104 | 5867 | 5646 | 426 | 13114 | 4031 |
| **Cash at end of of the period** | $3727 | $7538 | $2231 | $34374 | $12758 | $2646 |
| **Cash paid for income taxes** | $1623 | $- | $396 | $783 | $153 | $115 |
| **Cash paid for interest expenses** | $- | $- | $- | $- | $4529 | $3505 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Eastwood** | **Elevation** | **Ella** | **Ellen** | **Elm** | **Emporia** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $3693 | $(5578) | $115 | $1491 | $(1056) | $(23027) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4378 | 5056 | 3587 | 3404 | 2300 | 4833 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 34 |  |  | 26 | 43 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 508 | (82) | 326 | 384 | (248) | (623) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 763 | (2256) | (2707) | (1072) | (101) | 264 |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (3351) | 11 | (2584) | (1759) | (768) | 13195 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  | (2495) |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 1213 | 4361 | 1509 | 1202 | 1842 | 18172 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 7205 | 1547 | 246 | 3649 | 1994 | 10362 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  | 14000 |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (6927) | (729) | (4441) | (5914) | (1527) | - |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (6927) | (729) | (4441) | (5914) | (1527) | 14000 |
| **Net change in cash** | 278 | 818 | (4196) | (2265) | 468 | 24362 |
| **Cash at beginning of the period** | 12167 | 1609 | 8722 | 22186 | 3599 | 5187 |
| **Cash at end of of the period** | $12445 | $2427 | $4527 | $19921 | $4066 | $29549 |
| **Cash paid for income taxes** | $775 | $115 | $625 | $- | $140 | $200 |
| **Cash paid for interest expenses** | $- | $4017 | $- | $- | $2506 | $4790 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Ensenada** | **Falcon** | **Felix** | **Fenwick** | **Fletcher** | **Folly** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(5858) | $(3308) | $826 | $1056 | $2504 | $(2239) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 6666 | 3953 | 4101 | 4120 | 2412 | 5126 |
| &nbsp;&nbsp;&nbsp;Amortization | 62 | 57 |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (1059) | (517) | 288 | 434 | 277 | 789 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (70) | (378) | (6) | 132 | 2247 | 4 |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 6489 | (216) | (378) | 612 | (433) | (3695) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 6371 | 2874 | 1407 | 4208 | 898 | 4166 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 12601 | 2466 | 6239 | 10562 | 7905 | 4151 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party | 7400 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (2010) | (3138) | (5120) | (5430) | (6055) | (4055) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 5390 | (3138) | (5120) | (5430) | (6055) | (4055) |
| **Net change in cash** | 17991 | (672) | 1119 | 5132 | 1850 | 96 |
| **Cash at beginning of the period** | 5455 | 9362 | 7195 | 6766 | 16718 | 6899 |
| **Cash at end of of the period** | $23445 | $8689 | $8314 | $11898 | $18568 | $6995 |
| **Cash paid for income taxes** | $- | $153 | $570 | $250 | $153 | $371 |
| **Cash paid for interest expenses** | $7656 | $4529 | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Forest** | **Foster** | **Franklin** | **Gardens** | **General** | **Goose** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(5387) | $2859 | $(34) | $(887) | $5084 | $(2992) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 6070 | 4307 | 4623 | 3586 | 4342 | 3678 |
| &nbsp;&nbsp;&nbsp;Amortization | 41 |  |  | 30 |  | 54 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 720 | 410 | 461 | (177) | 402 | (480) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (954) | 35 | (673) | (481) | 226 | (821) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (256) | (5319) | (1678) | (929) | (1827) | (1041) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2223 | 1360 | 5946 | 2003 | 1220 | 2543 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 2457 | 3652 | 8645 | 3144 | 9447 | 942 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (1866) | (8360) | (6529) | (2286) | (9139) | (3360) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1866) | (8360) | (6529) | (2286) | (9139) | (3360) |
| **Net change in cash** | 591 | (4708) | 2116 | 858 | 309 | (2419) |
| **Cash at beginning of the period** | 6769 | 22788 | 11854 | 4183 | 9492 | 11278 |
| **Cash at end of of the period** | $7360 | $18080 | $13970 | $5041 | $9800 | $8859 |
| **Cash paid for income taxes** | $197 | $- | $- | $- | $- | $153 |
| **Cash paid for interest expenses** | $5302 | $- | $- | $3271 | $- | $4220 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Grant** | **Greenhill** | **Gretal** | **Grove** | **Hadden** | **Hansard** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(1612) | $(2505) | $(1319) | $(5468) | $(3908) | $(2676) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4451 | 4484 | 6206 | 4401 | 3027 | 4170 |
| &nbsp;&nbsp;&nbsp;Amortization | 45 | 41 |  | 32 | 30 |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (700) | (594) | 514 | (311) | (422) | 560 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (821) | (622) | 1713 | 164 | 55 | (2123) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (930) | (728) | (3913) | (295) | (271) | (3385) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  | 2390 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2772 | 2250 | 1708 | 2814 | 2088 | 1435 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 3204 | 2327 | 4908 | 1338 | 599 | 371 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  | 151 |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (2734) | (2293) | (9678) | (235) | (513) | (4717) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (2734) | (2293) | (9678) | (84) | (513) | (4717) |
| **Net change in cash** | 470 | 33 | (4770) | 1255 | 87 | (4346) |
| **Cash at beginning of the period** | 6958 | 5904 | 18017 | 2003 | 3675 | 18918 |
| **Cash at end of of the period** | $7429 | $5937 | $13247 | $3258 | $3762 | $14572 |
| **Cash paid for income taxes** | $125 | $140 | $1067 | $- | $172 | $721 |
| **Cash paid for interest expenses** | $5063 | $4454 | $- | $3773 | $2811 | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Hansel** | **Hargrave** | **Harrison** | **Henry** | **Heritage** | **Heron** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(7156) | $(8448) | $(5336) | $(1437) | $(4464) | $(8085) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 5564 | 3212 | 6296 | 5912 | 4506 | 4474 |
| &nbsp;&nbsp;&nbsp;Amortization | 80 |  | 89 |  | 38 | 38 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (858) | 265 | (909) | 624 | (471) | (101) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 417 | 1120 | 418 | (592) | (323) | (2) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 5836 | (2740) | (1036) | 2182 | (132) | 22 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 6354 | 1756 | 4364 | 3004 | 2339 | 2136 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 10237 | (4836) | 3886 | 9692 | 1492 | (1518) |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party | 6400 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (1202) | (3586) | (3815) | (4231) | (787) | (241) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 5198 | (3586) | (3815) | (4231) | (787) | (241) |
| **Net change in cash** | 15435 | (8421) | 70 | 5461 | 705 | (1759) |
| **Cash at beginning of the period** | 4001 | 12446 | 14150 | 5077 | 7302 | 6112 |
| **Cash at end of of the period** | $19436 | $4025 | $14220 | $10538 | $8007 | $4352 |
| **Cash paid for income taxes** | $684 | $- | $1080 | $250 | $125 | $172 |
| **Cash paid for interest expenses** | $6771 | $- | $7708 | $- | $4859 | $4809 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Highland** | **Hines** | **Hobbes** | **Holcomb** | **Holland** | **Hollandaise** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(11490) | $(403) | $2378 | $(2147) | $(3228) | $(5237) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3942 | 4405 | 3216 | 4877 | 2909 | 5028 |
| &nbsp;&nbsp;&nbsp;Amortization |  |  |  |  | 31 | 44 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 404 | 292 | 265 | 434 | (369) | (716) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 954 | (316) | (299) | 1954 | 1 | (346) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (2438) | (1268) | (3168) | 576 | (473) | (671) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 4821 | 7086 | 1163 | 2191 | 3175 | 4723 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (3807) | 9795 | 3556 | 7885 | 2046 | 2826 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (451) | (4240) | (6308) | (5273) | (1223) | (722) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (451) | (4240) | (6308) | (5273) | (1223) | (722) |
| **Net change in cash** | (4257) | 5555 | (2752) | 2612 | 823 | 2104 |
| **Cash at beginning of the period** | 5332 | 106 | 10734 | 12761 | 2840 | 3549 |
| **Cash at end of of the period** | $1075 | $5662 | $7982 | $15373 | $3663 | $5653 |
| **Cash paid for income taxes** | $350 | $615 | $- | $(4) | $492 | $296 |
| **Cash paid for interest expenses** | $- | $- | $- | $- | $2879 | $4995 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Holloway** | **Inglewood** | **Irene** | **Jack** | **Jake** | **Jefferson** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(3105) | $(955) | $2768 | $(7435) | $(3067) | $3893 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4672 | 9361 | 2412 | 6377 | 8093 | 3777 |
| &nbsp;&nbsp;&nbsp;Amortization | 49 |  |  | 49 |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (37) | 720 | 277 | (797) | 848 | 404 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (757) | 574 | 27 | (44) | (1878) | (77) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (663) | (5341) | (1214) | 7456 | 5503 | (3331) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 1042 | 2515 | 884 | 7607 | 12769 | 1278 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 1201 | 6874 | 5155 | 13213 | 22269 | 5945 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  | 7600 | 9100 |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (2788) | (9722) | (6591) | (1835) | (5997) | (8740) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (2788) | (9722) | (6591) | 5765 | 3103 | (8740) |
| **Net change in cash** | (1587) | (2848) | (1437) | 18978 | 25373 | (2795) |
| **Cash at beginning of the period** | 6286 | 10103 | 17882 | 1571 | 5636 | 17605 |
| **Cash at end of of the period** | $4699 | $7255 | $16445 | $20549 | $31009 | $14810 |
| **Cash paid for income taxes** | $172 | $1602 | $153 | $399 | $- | $654 |
| **Cash paid for interest expenses** | $5160 | $- | $- | $6384 | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Jill** | **Johnny** | **June** | **Jupiter** | **Kawana** | **Kennesaw** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(4201) | $2255 | $(3964) | $(1173) | $(1471) | $216 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 5492 | 8047 | 8047 | 2906 | 3786 | 5836 |
| &nbsp;&nbsp;&nbsp;Amortization | 80 |  |  | 30 | 37 |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (825) | 634 | 634 | (403) | (249) | 580 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 20 | (244) | (2521) | 1 | 11 | (2708) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (875) | 7774 | (2799) | (666) | (852) | 886 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3885 | 9325 | 7561 | 2060 | 2506 | 2720 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 3576 | 27792 | 6959 | 2754 | 3767 | 7531 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (3351) | (8333) | (5440) | (1502) | (3173) | (7658) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (3351) | (8333) | (5440) | (1502) | (3173) | (7658) |
| **Net change in cash** | 224 | 19459 | 1519 | 1252 | 593 | (127) |
| **Cash at beginning of the period** | 7824 | 7839 | 4951 | 6961 | 9329 | 10695 |
| **Cash at end of of the period** | $8048 | $27298 | $6470 | $8214 | $9922 | $10568 |
| **Cash paid for income taxes** | $(275) | $1378 | $1378 | $492 | $- | $250 |
| **Cash paid for interest expenses** | $6748 | $- | $- | $3262 | $3766 | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Kenny** | **KerriAnn** | **Kessler** | **Kingsley** | **Kirkwood** | **Korin** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $1282 | $(7248) | $(8289) | $(5100) | $(13031) | $3652 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 9475 | 4686 | 4106 | 4290 | 4299 | 3823 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 44 | 55 | 48 | 35 |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 724 | (611) | (577) | 576 | (569) | 362 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (622) | (713) | (2089) | (2982) | 4231 | (186) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 1793 | (333) | 5545 | (416) | (223) | 1 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  | 1595 |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2338 | 5905 | 2234 | 1983 | 6361 | 1139 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 14990 | 1730 | 2579 | (1601) | 1102 | 8792 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party | 6100 |  | 13600 |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (10821) | (660) | (444) | (454) | (1203) | (8039) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (4721) | (660) | 13156 | (454) | (1203) | (8039) |
| **Net change in cash** | 10268 | 1069 | 15736 | (2055) | (100) | 753 |
| **Cash at beginning of the period** | 7269 | 1987 | 2283 | 7981 | 1311 | 15433 |
| **Cash at end of of the period** | $17537 | $3056 | $18019 | $5926 | $1211 | $16187 |
| **Cash paid for income taxes** | $1623 | $470 | $153 | $140 | $271 | $153 |
| **Cash paid for interest expenses** | $- | $4655 | $4312 | $5020 | $4358 | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Lallie** | **Lanier** | **Lannister** | **Latte** | **Lennox** | **Lierly** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(28938) | $(9038) | $(2625) | $(14024) | $649 | $599 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 6202 | 5706 | 3027 | 5011 | 2978 | 2932 |
| &nbsp;&nbsp;&nbsp;Amortization | 53 | 45 | 51 |  | 36 | 32 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (528) | (695) | (303) | 648 | (135) | 379 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 4710 | (2662) | (259) | (4914) | (223) | 569 |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 196 | (395) | (507) | 2538 | (759) | 382 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | (2295) | 2195 |  | 2195 |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 17170 | 2222 | 1869 | 12782 | (35) | 2128 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (3430) | (2621) | 1253 | 4236 | 2510 | 7022 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | - | (792) | (1088) | (1974) | (2214) | (4236) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | - | (792) | (1088) | (1974) | (2214) | (4236) |
| **Net change in cash** | (3430) | (3413) | 165 | 2262 | 296 | 2785 |
| **Cash at beginning of the period** | 5901 | 6484 | 1504 | 7920 | 3680 | 12250 |
| **Cash at end of of the period** | $2470 | $3071 | $1669 | $10183 | $3976 | $15035 |
| **Cash paid for income taxes** | $172 | $200 | $- | $- | $127 | $153 |
| **Cash paid for interest expenses** | $5614 | $6313 | $3588 | $- | $3267 | $2683 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Lily** | **Limestone** | **Litton** | **Longwoods** | **Lookout** | **Loretta** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(13206) | $(4577) | $(1021) | $593 | $433 | $(7439) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 7493 | 4023 | 4413 | 3702 | 4741 | 9431 |
| &nbsp;&nbsp;&nbsp;Amortization | 51 | 38 | 400 |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (615) | (422) | 435 | 1254 | 398 | 711 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 288 | (789) | (75) | 130 | (1776) | (5647) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 22 | (775) | (2391) | (3551) | (2404) | 4163 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  | 6390 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3210 | 2207 | 3186 | 1118 | 2129 | (2937) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (2756) | (296) | 4947 | 3247 | 3521 | 4670 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  | 6200 |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (1202) | (768) | (4900) | (5590) | (5440) | (3651) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1202) | (768) | (4900) | (5590) | (5440) | 2549 |
| **Net change in cash** | (3958) | (1064) | 47 | (2344) | (1919) | 7219 |
| **Cash at beginning of the period** | 7504 | 6065 | 13102 | 12962 | 12269 | 7031 |
| **Cash at end of of the period** | $3546 | $5001 | $13148 | $10619 | $10350 | $14250 |
| **Cash paid for income taxes** | $- | $140 | $763 | $200 | $810 | $1610 |
| **Cash paid for interest expenses** | $6087 | $3971 | $5159 | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Louis** | **Louise** | **Lovejoy** | **Luna** | **Lurleen** | **Madison** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $847 | $(994) | $(2662) | $(1567) | $(11403) | $(1639) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3701 | 3789 | 4044 | 2956 | 4048 | 2828 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 35 | 38 | 38 | 275 | 47 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 324 | (426) | (667) | (80) | 567 | (374) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (121) | (427) | (401) | (194) | 2103 | (19) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (390) | (572) | (807) | (656) | 1160 | (312) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  | (1695) |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 1251 | 2345 | 2229 | 1105 | 3614 | 2052 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 5611 | 3750 | 1773 | 1601 | (1331) | 2582 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (7098) | (2448) | (2132) | (1750) | (430) | (1728) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (7098) | (2448) | (2132) | (1750) | (430) | (1728) |
| **Net change in cash** | (1486) | 1302 | (358) | (149) | (1761) | 854 |
| **Cash at beginning of the period** | 18130 | 4541 | 4669 | 4217 | 1792 | 5617 |
| **Cash at end of of the period** | $16644 | $5843 | $4311 | $4068 | $31 | $6471 |
| **Cash paid for income taxes** | $- | $- | $- | $122 | $- | $- |
| **Cash paid for interest expenses** | $- | $4017 | $4012 | $3506 | $4120 | $3122 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Mae** | **Magnolia** | **Malbec** | **Mammoth** | **Marcelo** | **Marie** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $29 | $(5517) | $(2422) | $(6373) | $2074 | $5314 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4864 | 4154 | 4388 | 4686 | 3911 | 4397 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 71 | 67 | 42 |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 554 | (438) | (609) | (901) | 336 | 511 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (209) | (906) |  | (89) | (91) | (116) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (5271) | (146) | (786) | (239) | (87) | (3532) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 1416 | 2245 | 2636 | 3873 | 1189 | 1425 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 1383 | (538) | 3275 | 1000 | 7332 | 7999 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (4872) | (245) | (2783) | - | (6079) | (11254) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (4872) | (245) | (2783) | - | (6079) | (11254) |
| **Net change in cash** | (3490) | (782) | 492 | 1000 | 1253 | (3255) |
| **Cash at beginning of the period** | 10408 | 6885 | 5920 | 3385 | 7477 | 21404 |
| **Cash at end of of the period** | $6919 | $6103 | $6412 | $4385 | $8730 | $18149 |
| **Cash paid for income taxes** | $422 | $- | $153 | $- | $- | $762 |
| **Cash paid for interest expenses** | $- | $4993 | $4891 | $5695 | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Marietta** | **Marion** | **Marple** | **Martell** | **Mary** | **Matchingham** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(7457) | $32 | $(572) | $1872 | $3246 | $(4520) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4158 | 4612 | 2412 | 3572 | 3732 | 2913 |
| &nbsp;&nbsp;&nbsp;Amortization | 63 |  |  |  |  | 31 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (524) | 927 | 277 | 898 | 403 | (309) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 8 | (126) | (3153) | (12) | 103 | (142) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (116) | 537 | (55) | 554 | (3021) | (943) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  | 1943 |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2411 | (3406) | 1022 | (3729) | 1258 | 1907 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (1457) | 2576 | 1873 | 3156 | 5722 | (1063) |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  | 5800 |  | 6200 |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (262) | (4685) | (2511) | (5293) | (7875) | (2591) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (262) | 1115 | (2511) | 907 | (7875) | (2591) |
| **Net change in cash** | (1719) | 3691 | (639) | 4063 | (2153) | (3654) |
| **Cash at beginning of the period** | 4505 | 3900 | 4534 | 3557 | 15993 | 6184 |
| **Cash at end of of the period** | $2786 | $7591 | $3895 | $7620 | $13841 | $2530 |
| **Cash paid for income taxes** | $190 | $200 | $153 | $200 | $656 | $25 |
| **Cash paid for interest expenses** | $5102 | $- | $- | $- | $- | $2867 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **McGregor** | **McLovin** | **Meadow** | **Mimosa** | **Mojave** | **Murphy** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(1214) | $(6772) | $(3774) | $(1571) | $(1732) | $(3357) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4132 | 6931 | 4410 | 2954 | 3525 | 4085 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 58 | 39 | 269 | 66 | 38 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 416 | (974) | (642) | 335 | (447) | (511) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 25 | 72 | (1434) | (2603) |  | (547) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (3152) | 5922 | (324) | 22 | 6080 | (383) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2079 | 5631 | 4637 | 5192 | 3799 | 2123 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 2287 | 10870 | 2913 | 4597 | 11291 | 1450 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | (10685) | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | (10685) | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  | 12600 |  |  | 6900 |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (4344) | (2414) | (1781) | (1259) | (2325) | (1461) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (4344) | 10186 | (1781) | (1259) | 4575 | (1461) |
| **Net change in cash** | (2058) | 10371 | 1131 | 3338 | 15866 | (12) |
| **Cash at beginning of the period** | 6890 | 6004 | 3595 | 2486 | 2210 | 4252 |
| **Cash at end of of the period** | $4832 | $16374 | $4726 | $5824 | $18076 | $4240 |
| **Cash paid for income taxes** | $704 | $- | $643 | $- | $153 | $32 |
| **Cash paid for interest expenses** | $- | $7179 | $4203 | $3829 | $3240 | $4054 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Mycroft** | **Nugget** | **Odessa** | **Olive** | **Oly** | **Onyx** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $2106 | $(1552) | $(9170) | $(4136) | $(4548) | $(480) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2466 | 7694 | 7332 | 3689 | 6265 | 6008 |
| &nbsp;&nbsp;&nbsp;Amortization |  |  | 59 | 34 | 58 |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 304 | 753 | (1110) | (220) | (2146) | 522 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 50 | (77) | 1407 | (168) | 298 | 1896 |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (1222) | (4937) | 5893 | (817) | 356 | (1959) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 884 | 1313 | 5476 | 2161 | (1898) | 1639 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 4588 | 3194 | 9886 | 543 | (1616) | 7627 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  | 6300 |  | 6000 |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (6228) | (6117) | (1859) | (1188) | (2620) | (5688) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (6228) | (6117) | 4441 | (1188) | 3380 | (5688) |
| **Net change in cash** | (1641) | (2923) | 14328 | (645) | 1765 | 1939 |
| **Cash at beginning of the period** | 13827 | 7300 | 6061 | 4215 | 7918 | 5934 |
| **Cash at end of of the period** | $12187 | $4377 | $20388 | $3570 | $9682 | $7873 |
| **Cash paid for income taxes** | $153 | $- | $- | $172 | $- | $814 |
| **Cash paid for interest expenses** | $- | $- | $7315 | $2950 | $7192 | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Oscar** | **Osceola** | **Osprey** | **Otoro** | **Palmer** | **Patrick** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(285) | $(10165) | $(1910) | $(9765) | $(2446) | $(884) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4018 | 3850 | 5490 | 6084 | 4586 | 3518 |
| &nbsp;&nbsp;&nbsp;Amortization |  |  |  | 47 |  | 11 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 288 | 1711 | 1001 | (604) | 439 | 334 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 3683 | 1351 | (239) | (7334) | 3331 | (697) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 895 | 2830 | (5241) | (229) | 412 | (54) |
| &nbsp;&nbsp;&nbsp;Tenant deposits | (3390) | (1695) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (1062) | 2508 | 2421 | 13598 | (1846) | 1641 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 4146 | 391 | 1523 | 1796 | 4476 | 3870 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (2448) | - | (3989) | (644) | (5658) | (2104) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (2448) | - | (3989) | (644) | (5658) | (2104) |
| **Net change in cash** | 1699 | 391 | (2465) | 1152 | (1182) | 1766 |
| **Cash at beginning of the period** | 3177 | 6913 | 9493 | 1310 | 6345 | 6535 |
| **Cash at end of of the period** | $4876 | $7304 | $7028 | $2462 | $5163 | $8301 |
| **Cash paid for income taxes** | $572 | $- | $396 | $- | $250 | $153 |
| **Cash paid for interest expenses** | $- | $- | $- | $5363 | $- | $2201 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Peanut** | **Pearl** | **Pecan** | **Peterson** | **Piedmont** | **Pinot** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(2917) | $(20653) | $(2137) | $2170 | $(7869) | $(3899) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2964 | 7498 | 2863 | 3104 | 5272 | 4429 |
| &nbsp;&nbsp;&nbsp;Amortization | 31 |  | 11 |  | 77 | 68 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (358) | 552 | 349 | 343 | (1066) | (557) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (1452) | 11246 | 3679 | 1714 | (346) | 307 |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (685) | (3806) | (16) | (432) | (625) | (858) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  | (2945) |  | (1595) |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 1957 | 3235 | 2087 | 1132 | 3140 | 2466 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (460) | (4873) | 6836 | 6436 | (1416) | 1956 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (1634) | - | (3742) | (5286) | (1288) | (2889) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1634) | - | (3742) | (5286) | (1288) | (2889) |
| **Net change in cash** | (2093) | (4873) | 3094 | 1150 | (2705) | (933) |
| **Cash at beginning of the period** | 6822 | 6421 | 12097 | 16634 | 9652 | 7603 |
| **Cash at end of of the period** | $4728 | $1548 | $15191 | $17784 | $6948 | $6670 |
| **Cash paid for income taxes** | $- | $1281 | $153 | $- | $200 | $153 |
| **Cash paid for interest expenses** | $3522 | $- | $2294 | $- | $6453 | $4941 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Pioneer** | **Plumtree** | **Point** | **Porthos** | **Quincy** | **Redondo** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $738 | $(2964) | $(7966) | $823 | $(3784) | $(4452) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 8117 | 2768 | 5250 | 4148 | 7515 | 4308 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 27 | 46 |  |  | 394 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 749 | 320 | (704) | 1695 | 675 | 398 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 32 |  | (184) | (76) | (257) | (4171) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 14239 | (76) | 5793 | (3840) | 2291 | 4690 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (69) | 2125 | 6075 | 2105 | 8726 | 295 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 23806 | 2200 | 8309 | 4854 | 15165 | 1462 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  | 6500 |  | 6600 | 11300 |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (8402) | (3242) | (813) | (7003) | (7325) | (1797) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (8402) | (3242) | 5687 | (7003) | (725) | 9503 |
| **Net change in cash** | 15404 | (1042) | 13996 | (2148) | 14440 | 10965 |
| **Cash at beginning of the period** | 7993 | 10009 | 4225 | 14714 | 7047 | 4546 |
| **Cash at end of of the period** | $23397 | $8967 | $18221 | $12565 | $21486 | $15511 |
| **Cash paid for income taxes** | $- | $173 | $895 | $250 | $- | $50 |
| **Cash paid for interest expenses** | $- | $2275 | $6405 | $- | $- | $5610 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Regency** | **Reginald** | **Reynolds** | **Ribbonwalk** | **Richardson** | **Richmond** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(10477) | $(16056) | $1094 | $(11343) | $(643) | $2309 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4437 | 8770 | 5905 | 4395 | 4321 | 5232 |
| &nbsp;&nbsp;&nbsp;Amortization | 344 |  |  | 41 |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 458 | 776 | 598 | (553) | 354 | 497 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 2064 | 1781 | (533) | 47 | 371 | (617) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (3217) | (5588) | 1621 | (296) | (669) | (1576) |
| &nbsp;&nbsp;&nbsp;Tenant deposits | (1498) | 5190 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2266 | 7732 | 2862 | 3558 | 1580 | 1831 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (5623) | 2606 | 11548 | (4151) | 5313 | 7676 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | (9653) | (5285) | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | (9653) | (5285) | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party | 5000 | 22000 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (2195) | (2197) | (8495) | (1054) | (4808) | (7881) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 2805 | 19803 | (8495) | (1054) | (4808) | (7881) |
| **Net change in cash** | (12470) | 17124 | 3053 | (5205) | 505 | (205) |
| **Cash at beginning of the period** | 14652 | 3677 | 16194 | 7225 | 13581 | 16627 |
| **Cash at end of of the period** | $2182 | $20801 | $19247 | $2021 | $14086 | $16421 |
| **Cash paid for income taxes** | $- | $250 | $250 | $643 | $153 | $- |
| **Cash paid for interest expenses** | $5150 | $- | $- | $4380 | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Ridge** | **Ritter** | **River** | **Riverwalk** | **Rooney** | **Roseberry** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(1968) | $(1746) | $(2337) | $(1237) | $(3379) | $(7357) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2992 | 6932 | 3662 | 5427 | 4422 | 4513 |
| &nbsp;&nbsp;&nbsp;Amortization | 36 |  | 34 |  | 45 | 39 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (378) | 807 | (110) | 465 | (765) | (50) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (502) | (54) | 2892 | 1345 | 139 | (321) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (746) | (2201) | (806) | (3561) | (981) | 105 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  | (1148) |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2176 | 5719 | 1256 | 2560 | 2489 | 4448 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 1609 | 9458 | 4591 | 3852 | 1969 | 1376 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (1768) | (7184) | (2387) | (4241) | (2811) | (629) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1768) | (7184) | (2387) | (4241) | (2811) | (629) |
| **Net change in cash** | (159) | 2273 | 2204 | (389) | (842) | 748 |
| **Cash at beginning of the period** | 4424 | 7416 | 4648 | 14359 | 7631 | 2382 |
| **Cash at end of of the period** | $4266 | $9689 | $6852 | $13970 | $6790 | $3130 |
| **Cash paid for income taxes** | $57 | $- | $147 | $930 | $50 | $172 |
| **Cash paid for interest expenses** | $3283 | $- | $4017 | $- | $5063 | $4924 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Rosewood** | **Roxy** | **Saddlebred** | **Saint** | **Sajni** | **Salem** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(1537) | $(4066) | $(12944) | $701 | $(1804) | $(12427) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3719 | 4479 | 7639 | 3791 | 6435 | 4387 |
| &nbsp;&nbsp;&nbsp;Amortization | 36 | 40 | 54 | 39 |  | 68 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (485) | (870) | (1300) | (629) | 1855 | (609) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (149) | (19) | 1029 | (15) | (1910) | (4380) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (644) | (658) | 128 | (1229) | 46157 | (592) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  | (1123) |  |  | 2195 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2258 | 2813 | 3153 | 2497 | 25883 | 6762 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 3198 | 1720 | (3363) | 5154 | 76617 | (4596) |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | (13450) | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | (13450) | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  | 6000 | 5700 |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (2125) | (1518) | (870) | (4745) | (5147) | (253) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (2125) | (1518) | (870) | (4745) | 853 | 5447 |
| **Net change in cash** | 1073 | 202 | (4233) | 409 | 64020 | 852 |
| **Cash at beginning of the period** | 6677 | 6359 | 7936 | 12217 | 6044 | 2035 |
| **Cash at end of of the period** | $7750 | $6560 | $3702 | $12626 | $70064 | $2886 |
| **Cash paid for income taxes** | $- | $763 | $- | $50 | $250 | $153 |
| **Cash paid for interest expenses** | $4525 | $5277 | $6496 | $4146 | $- | $4983 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Salinas** | **Saturn** | **Scepter** | **Sequoyah** | **Shallowford** | **Shoreline** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $356 | $(3873) | $(5198) | $(2131) | $(2412) | $(2126) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4039 | 3632 | 3238 | 3905 | 4958 | 4260 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 30 | 36 | 310 | 73 | 36 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 288 | (369) | (497) | 330 | (709) | (114) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 951 | (3248) | (3408) | 266 | (3750) | (1629) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (1440) | (229) | 5942 | 588 | (485) | (748) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  | 2195 |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2308 | 4173 | 6236 | 2483 | 6508 | 970 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 6501 | 115 | 8544 | 5750 | 4182 | 649 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  | 6800 |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (5218) | (993) | (1509) | (2675) | (1241) | (1613) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (5218) | (993) | 5291 | (2675) | (1241) | (1613) |
| **Net change in cash** | 1283 | (878) | 13835 | 3075 | 2941 | (964) |
| **Cash at beginning of the period** | 5932 | 3172 | 3385 | 3513 | 3698 | 7940 |
| **Cash at end of of the period** | $7216 | $2294 | $17220 | $6587 | $6639 | $6976 |
| **Cash paid for income taxes** | $50 | $504 | $50 | $153 | $850 | $172 |
| **Cash paid for interest expenses** | $- | $3262 | $3698 | $3998 | $6068 | $4936 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Sigma** | **Simon** | **Sims** | **Soapstone** | **Sodalis** | **Spencer** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(4791) | $(345) | $1676 | $220 | $(11552) | $(2348) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 5240 | 3976 | 3749 | 4118 | 3980 | 4157 |
| &nbsp;&nbsp;&nbsp;Amortization | 46 |  |  | 32 |  | 45 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (743) | 415 | 401 | 401 | 419 | 506 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (116) | 1550 | 51 | 63 | 836 | (2933) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (931) | (3249) | 29 | 327 | (150) | (633) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 4077 | 1265 | 1139 | 2225 | (6320) | 1722 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 2781 | 3612 | 7045 | 7385 | (12787) | 516 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  | 8500 |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (1940) | (5420) | (6393) | (3131) | (1001) | (2982) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1940) | (5420) | (6393) | (3131) | 7499 | (2982) |
| **Net change in cash** | 840 | (1808) | 652 | 4255 | (5288) | (2467) |
| **Cash at beginning of the period** | 8321 | 17998 | 12444 | 6932 | 6783 | 7027 |
| **Cash at end of of the period** | $9161 | $16190 | $13096 | $11187 | $1494 | $4560 |
| **Cash paid for income taxes** | $702 | $701 | $200 | $190 | $- | $172 |
| **Cash paid for interest expenses** | $5268 | $- | $- | $2625 | $- | $4554 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Splash** | **Spring** | **Stonebriar** | **Sugar** | **Summerset** | **Sundance** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $123 | $(2645) | $(1908) | $(6120) | $(4011) | $(4286) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2978 | 3401 | 2787 | 4279 | 5058 | 5102 |
| &nbsp;&nbsp;&nbsp;Amortization | 12 |  | 29 | 46 | 40 | 394 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 317 | 312 | (808) | (416) | 180 | 503 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers |  | 3370 | (385) | 170 | 964 | 42 |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 105 | (3854) | (470) | (247) | (792) | (467) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2161 | 342 | 2051 | (2936) | 1190 | 4405 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 5696 | 927 | 1297 | (5224) | 2629 | 5694 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  | 6000 |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (3254) | (3008) | (1391) | (1263) | (2170) | (2726) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (3254) | (3008) | (1391) | 4737 | (2170) | (2726) |
| **Net change in cash** | 2442 | (2082) | (94) | (487) | 459 | 2968 |
| **Cash at beginning of the period** | 6893 | 5343 | 7013 | 3972 | 5299 | 3838 |
| **Cash at end of of the period** | $9335 | $3261 | $6918 | $3486 | $5758 | $6806 |
| **Cash paid for income taxes** | $153 | $329 | $- | $140 | $140 | $50 |
| **Cash paid for interest expenses** | $2475 | $- | $3221 | $4706 | $3873 | $5610 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Sunnyside** | **Swift** | **Taylor** | **Terracotta** | **Theodore** | **Tulip** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $2745 | $341 | $(9513) | $(9850) | $1911 | $(3604) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3039 | 5287 | 3689 | 3787 | 3947 | 4363 |
| &nbsp;&nbsp;&nbsp;Amortization |  |  | 51 | 40 |  | 40 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 324 | 486 | (408) | (650) | 415 | (448) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 52 | (430) | 3303 | (3178) | 392 | (990) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (976) | 13509 | (691) | 3397 | (2619) | (654) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  | (1645) | 1745 |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 1161 | (2528) | 3302 | 5202 | 1311 | 2543 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 6344 | 16667 | (1912) | 492 | 5358 | 1251 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  | 13300 |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (6612) | (6398) | (510) | (670) | (7223) | (1019) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (6612) | (6398) | (510) | 12630 | (7223) | (1019) |
| **Net change in cash** | (268) | 10269 | (2422) | 13122 | (1866) | 232 |
| **Cash at beginning of the period** | 14812 | 10298 | 3404 | 1314 | 15244 | 5906 |
| **Cash at end of of the period** | $14544 | $20567 | $982 | $14437 | $13379 | $6138 |
| **Cash paid for income taxes** | $- | $250 | $- | $107 | $696 | $- |
| **Cash paid for interest expenses** | $- | $- | $3860 | $4353 | $- | $5310 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Tuscan** | **Tuscarora** | **Tuxford** | **Vernon** | **Walton** | **Wave** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(1309) | $186 | $(5678) | $(3407) | $(1321) | $(6732) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4439 | 4591 | 3601 | 3619 | 4123 | 4596 |
| &nbsp;&nbsp;&nbsp;Amortization | 14 |  | 35 | 35 |  | 41 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 425 | 457 | (401) | (426) | 350 | (587) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | 1276 | 3135 | (499) | (339) | 67 | (235) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (1135) | (1656) | (223) | (594) | 990 | 139 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  | (3145) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2728 | 1450 | 2180 | 2042 | 3424 | 4697 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 6438 | 5018 | (986) | 929 | 7632 | 1919 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (4656) | (5798) | - | (1415) | (3601) | (153) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (4656) | (5798) | - | (1415) | (3601) | (153) |
| **Net change in cash** | 1782 | (780) | (986) | (486) | 4031 | 1766 |
| **Cash at beginning of the period** | 15475 | 11464 | 5512 | 4514 | 6916 | 1969 |
| **Cash at end of of the period** | $17256 | $10684 | $4526 | $4029 | $10947 | $3735 |
| **Cash paid for income taxes** | $153 | $50 | $142 | $147 | $153 | $200 |
| **Cash paid for interest expenses** | $3664 | $- | $3493 | $3558 | $- | $4380 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Weldon** | **Wellington** | **Wentworth** | **Wescott** | **Westchester** | **Wildwood** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(3606) | $(244) | $(68) | $(4801) | $(8185) | $(598) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2906 | 6241 | 3417 | 3765 | 4687 | 3031 |
| &nbsp;&nbsp;&nbsp;Amortization | 30 |  | 58 | 58 | 46 | 49 |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (370) | 571 | (431) | 266 | (386) | (416) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (243) | (1860) | (95) | (278) | (207) | (204) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (597) | 1788 | (1109) | (726) | (557) | (1156) |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3178 | (106) | 2371 | 5049 | 2428 | 2948 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 1296 | 6389 | 4143 | 3333 | (2175) | 3655 |
| **Cash flows from investing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (1051) | (6543) | (3442) | (888) | (1249) | (3125) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1051) | (6543) | (3442) | (888) | (1249) | (3125) |
| **Net change in cash** | 245 | (154) | 700 | 2445 | (3424) | 530 |
| **Cash at beginning of the period** | 3840 | 7114 | 8105 | 2273 | 7646 | 7637 |
| **Cash at end of of the period** | $4085 | $6960 | $8805 | $4719 | $4222 | $8167 |
| **Cash paid for income taxes** | $492 | $250 | $153 | $643 | $197 | $517 |
| **Cash paid for interest expenses** | $2674 | $- | $3126 | $4145 | $4645 | $3074 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)<br> FOR THE SIX MONTHS ENDED JUNE 30, 2025**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Willow** | **Wilson** | **Winchester** | **Windsor** | **Winston** | **Wisteria** | **Consolidated** |
| **Cash flows from operating activities** | | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(229) | $(503) | $1743 | $(14073) | $(494) | $(3173) | $(699654) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4020 | 5861 | 4209 | 4809 | 4519 | 4867 | 1094523 |
| &nbsp;&nbsp;&nbsp;Amortization |  |  |  | 50 |  | 38 | 8231 |
| (Increase) decrease in assets |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 311 | 448 | 480 | 397 | 396 | (362) | 12127 |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (734) | 176 | (2449) | (5356) | 344 | (201) | (44827) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (143) | 183 | 676 | 6982 | 353 | (620) | 1880 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  |  |  |  |  |  | 1870 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (2215) | 1441 | 1410 | 5260 | 1440 | 2137 | 682096 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 1010 | 7605 | 6068 | (1931) | 6558 | 2688 | 1056245 |
| **Cash flows from investing activities** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property improvements | - | - | - | - | - | - | (66457) |
| &nbsp;&nbsp;&nbsp;Net cash flows used in investing activities | - | - | - | - | - | - | (66457) |
| **Cash flows from financing activities** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of bridge financing, related party |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable, related party |  |  |  | 15800 |  |  | 309100 |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  | 151 |
| &nbsp;&nbsp;&nbsp;Distributions | (3246) | (6821) | (4509) | - | (5396) | (1430) | (876319) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (3246) | (6821) | (4509) | 15800 | (5396) | (1430) | (567067) |
| **Net change in cash** | (2236) | 784 | 1559 | 13869 | 1162 | 1258 | 422721 |
| **Cash at beginning of the period** | 3572 | 8153 | 4347 | 4831 | 9599 | 6681 | 1881389 |
| **Cash at end of of the period** | $1336 | $8937 | $5906 | $18700 | $10761 | $7939 | $2304110 |
| **Cash paid for income taxes** | $153 | $153 | $- | $140 | $- | $- | $64403 |
| **Cash paid for interest expenses** | $- | $- | $- | $5311 | $- | $4966 | $565004 |

---

The accompanying notes are an integral part of these consolidated and consolidating financial statements.

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **100** | **101** | **Abbington** | **Abernant** | **Alvin** | **Amber** |
| **Cash flows from operating activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(4055) | $(2610) | $(1618) | $(3843) | $1388 | $(4348) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 8445 | 8719 | 7247 | 3124 | 4368 | 4208 |
| &nbsp;&nbsp;&nbsp;Amortization |  |  |  |  |  | 38 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits |  | (3095) | (2845) | (1745) | (2545) | (1950) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses |  |  | (233) | (212) | (254) | (1838) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (1503) | (3042) |  | (1781) |  | (1210) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 8492 | 10449 | 5352 | 3989 | 5294 | 2531 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  | 3095 | 2845 | 1745 | 2545 | 1950 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (11100) | 11014 | (6751) | 38349 | 60686 | 3641 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 279 | 24530 | 3997 | 39626 | 71481 | 3022 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  | (269946) | (384721) |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (1300) | (3600) |  | 252032 | 345786 |  |
| &nbsp;&nbsp;&nbsp;Distributions | (7823) | (5602) | (5322) | (6257) | (8966) | (1430) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (9123) | (9202) | (5322) | (24171) | (47900) | (1430) |
| **Net change in cash** | (8844) | 15327 | (1325) | 15455 | 23581 | 1591 |
| **Cash at beginning of the period** | 29547 | 5396 | 10509 | 546 | 4872 | 3401 |
| **Cash at end of of the period** | $20703 | $20723 | $9185 | $16001 | $28452 | $4992 |
| **Cash paid for income taxes** | $1467 | $1533 | $1157 | $- | $100 | $- |
| **Cash paid for interest expenses** | $- | $- | $- | $- | $- | $3929 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $- | $- | $- | $- | $- | $198781 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Apollo** | **Aster** | **Augusta** | **Avebury** | **Avondale** | **Badminton** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(2662) | $(3387) | $2793 | $(4579) | $(1780) | $(3633) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2691 | 3504 | 4075 | 3995 | 4523 | 4230 |
| &nbsp;&nbsp;&nbsp;Amortization | 58 | 193 |  | 38 |  | 42 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits |  | (2245) | (1995) |  |  | (2195) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (2223) | (1435) | (509) | (1848) |  | (1261) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2558) | (951) | (1895) | (1903) | (204) | (2794) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 1477 | 1541 | 4748 | 1736 | 3126 | 1833 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  | 2245 | 1995 |  |  | 2195 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 4880 | 7446 | 2984 | 3353 | (1498) | 7858 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 1665 | 6911 | 12197 | 793 | 4168 | 6274 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (300) | (100) |  | (500) |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (975) | (1589) | (7495) | (1126) | (5132) | (1798) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1275) | (1689) | (7495) | (1626) | (5132) | (1798) |
| **Net change in cash** | 390 | 5222 | 4702 | (833) | (964) | 4476 |
| **Cash at beginning of the period** | 518 | 1362 | 20996 | 2956 | 16728 | 317 |
| **Cash at end of of the period** | $908 | $6584 | $25698 | $2123 | $15764 | $4793 |
| **Cash paid for income taxes** | $- | $- | $- | $- | $- | $98 |
| **Cash paid for interest expenses** | $3897 | $4416 | $- | $3971 | $- | $4070 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $133262 | $124393 | $- | $200904 | $- | $171964 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Ballinger** | **Bandelier** | **Baron** | **Basil** | **Bayside** | **Bazzel** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(4417) | $(1921) | $(3518) | $675 | $(3539) | $(886) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4108 | 4134 | 8003 | 2784 | 3525 | 3763 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 43 |  | 34 | 40 |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  | (960) |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2320) |  | (2895) | (1595) | (2619) | (1845) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses |  | (2852) |  | (1467) | (3689) | (943) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2223) | (857) |  | (2807) | (2701) | (2480) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 4419 | 1406 | 4364 | 1642 | 2086 | 4247 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2320 |  | 2895 | 1595 | 2619 | 1845 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (3772) | 6261 | (2124) | 7490 | 10395 | (2838) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (1887) | 6215 | 6725 | 7392 | 6117 | 864 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  | (540) |  | (100) | (500) |
| &nbsp;&nbsp;&nbsp;Distributions | (7993) | (1357) | (4620) | (2042) | (3224) | (3078) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (7993) | (1357) | (5160) | (2042) | (3324) | (3578) |
| **Net change in cash** | (9880) | 4859 | 1565 | 5350 | 2793 | (2714) |
| **Cash at beginning of the period** | 25175 | 14176 | 18044 | 1067 | 1125 | 16160 |
| **Cash at end of of the period** | $15295 | $19035 | $19609 | $6417 | $3918 | $13445 |
| **Cash paid for income taxes** | $347 | $- | $- | $84 | $107 | $273 |
| **Cash paid for interest expenses** | $- | $4789 | $- | $3078 | $3873 | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $- | $242573 | $- | $129771 | $163583 | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Bedford** | **Bella** | **Belle** | **Belvedere** | **Bergenia** | **Blossom** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(11182) | $(1549) | $(640) | $3549 | $2005 | $(3088) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3847 | 4206 | 6042 | 4051 | 4977 | 3495 |
| &nbsp;&nbsp;&nbsp;Amortization | (13) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits |  | (1945) | (2649) | (2295) | (1845) | (1745) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (2026) | (492) | (799) |  |  | (208) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers |  | (1607) | (2815) | (3938) | (1526) | (247) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 1433 | 3518 | 4635 | 4668 | 3683 | 5626 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  | 1945 | 2649 | 2295 | 1845 | 1745 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 7158 | (5010) | 5660 | (19990) | 74 | (10225) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (783) | (935) | 12083 | (11659) | 9213 | (4648) |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (2297) | (7327) | (4443) | (8848) | (6446) | (6002) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (2297) | (7327) | (4443) | (8848) | (6446) | (6002) |
| **Net change in cash** | (3079) | (8262) | 7639 | (20507) | 2767 | (10650) |
| **Cash at beginning of the period** | 12611 | 13396 | 5101 | 20507 | 16933 | 24959 |
| **Cash at end of of the period** | $9531 | $5134 | $12741 | $- | $19700 | $14309 |
| **Cash paid for income taxes** | $83 | $- | $- | $- | $- | $- |
| **Cash paid for interest expenses** | $3785 | $- | $- | $- | $- | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $194544 | $- | $- | $- | $- | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Bonneau** | **Brainerd** | **Braxton** | **Brennan** | **Briarwood** | **Brooklyn** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $1035 | $(1961) | $(3174) | $(16352) | $(899) | $(1855) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 5137 | 3998 | 4452 | 3115 | 2866 | 2907 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 363 |  | 65 |  | 207 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2295) | (2595) | (2045) | (1545) | (1995) | (1249) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (267) | (325) | (487) | (2444) | (237) | (227) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2410) | (2070) | (1875) | (3608) | (1232) | (3144) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 6753 | 5155 | 4076 | 1528 | 4011 | 3364 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2295 | 2595 | 2045 | 1545 | 1995 | 1249 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (11048) | 14191 | 4022 | 19054 | (1212) | 5180 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (799) | 19350 | 7014 | 1358 | 3298 | 6433 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (2100) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (5548) | (4501) | (8829) | (805) | (6467) | (2067) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (7648) | (4501) | (8829) | (805) | (6467) | (2067) |
| **Net change in cash** | (8447) | 14849 | (1815) | 553 | (3169) | 4366 |
| **Cash at beginning of the period** | 10093 | 3743 | 10873 | 1356 | 21004 | 171 |
| **Cash at end of of the period** | $1646 | $18592 | $9058 | $1909 | $17835 | $4537 |
| **Cash paid for income taxes** | $334 | $711 | $- | $- | $- | $- |
| **Cash paid for interest expenses** | $- | $5396 | $- | $4495 | $- | $3089 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $- | $142523 | $- | $153882 | $- | $81582 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Burlington** | **Butter** | **Calvin** | **Camino** | **Cawley** | **Centennial** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(434) | $(14446) | $1115 | $979 | $2613 | $(715) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 8916 | 5190 | 3245 | 3644 | 4312 | 3917 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 44 |  |  |  | 44 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (3395) | (2795) | (1795) | (1994) | (2195) | (2495) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (1428) | (3030) | (199) | (3) | (545) |  |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2923) | (5374) | (2162) | (1815) | (1590) | (936) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 6074 | 2463 | 3179 | 6119 | 5118 | 2032 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 3395 | 2795 | 1795 | 1994 | 2195 | 2495 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (6737) | 19279 | 1864 | 110 | (406) | 535 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 3468 | 4125 | 7042 | 9035 | 9503 | 4877 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (1000) | (100) |  | (2200) |  | (200) |
| &nbsp;&nbsp;&nbsp;Distributions | (5134) | (2215) | (6766) | (6383) | (8640) | (2803) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (6134) | (2315) | (6766) | (8583) | (8640) | (3003) |
| **Net change in cash** | (2665) | 1810 | 276 | 452 | 863 | 1875 |
| **Cash at beginning of the period** | 12564 | 222 | 22562 | 16603 | 21791 | 9087 |
| **Cash at end of of the period** | $9899 | $2032 | $22838 | $17055 | $22655 | $10962 |
| **Cash paid for income taxes** | $- | $111 | $- | $- | $- | $- |
| **Cash paid for interest expenses** | $- | $5129 | $- | $- | $- | $4438 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $- | $259941 | $- | $- | $- | $187622 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Chaparral** | **Chelsea** | **Chester** | **Chickamauga** | **Chinook** | **Chitwood** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(1760) | $(1497) | $(5799) | $1923 | $46 | $1524 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2700 | 4234 | 5095 | 5129 | 4952 | 5255 |
| &nbsp;&nbsp;&nbsp;Amortization | 79 | 39 | 261 |  |  |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (1695) | (1895) |  | (3693) | (1995) | (2795) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (29) | (2977) | (2236) | (597) | (624) | (17) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers |  | (3335) | (2197) | (2212) | (2178) | (2044) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 6536 | 3277 | 1644 | 5112 | 4687 | 9102 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1695 | 1895 |  | 3693 | 1995 | 2795 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (9489) | 11991 | 17432 | (8915) | (2049) | (946) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (1964) | 11732 | 14200 | 440 | 4834 | 12873 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  | (500) | (400) |  |  | (500) |
| &nbsp;&nbsp;&nbsp;Distributions | (2693) | (3172) | (2484) | (8913) | (7469) | (8162) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (2693) | (3672) | (2884) | (8913) | (7469) | (8662) |
| **Net change in cash** | (4657) | 8060 | 11317 | (8473) | (2636) | 4211 |
| **Cash at beginning of the period** | 18793 | 2782 | 4291 | 28234 | 7395 | 12399 |
| **Cash at end of of the period** | $14136 | $10843 | $15608 | $19762 | $4760 | $16610 |
| **Cash paid for income taxes** | $- | $- | $897 | $912 | $- | $- |
| **Cash paid for interest expenses** | $2200 | $4215 | $6422 | $- | $- | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $103270 | $213309 | $181791 | $- | $- | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Clover** | **Coatbridge** | **Collier** | **Collinston** | **Conway** | **Cove** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(6348) | $(7610) | $165 | $(10498) | $(9845) | $(7586) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4397 | 4526 | 4879 | 2906 | 9438 | 2890 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 42 |  | 30 |  |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (1995) | (3143) | (2445) | (1545) | (3645) | (1595) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (214) | (2076) | (27) | (1095) | (630) | (219) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (4962) | (707) | (2288) | (6426) | (3060) | (4137) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 3678 | 1440 | 4728 | 1155 | 7291 | 2436 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1995 | 3143 | 2445 | 1545 | 3645 | 1595 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (2372) | 9983 | (15362) | 15207 | 9518 | (1804) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (5822) | 5598 | (7906) | 1279 | 12712 | (8420) |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (200) |  | (300) |  | (600) |  |
| &nbsp;&nbsp;&nbsp;Distributions | (4659) | (1558) | (5332) | (204) | (4662) | (1971) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (4859) | (1558) | (5632) | (204) | (5262) | (1971) |
| **Net change in cash** | (10680) | 4041 | (13538) | 1075 | 7450 | (10391) |
| **Cash at beginning of the period** | 12229 | 223 | 13986 | 650 | 4086 | 14802 |
| **Cash at end of of the period** | $1549 | $4263 | $448 | $1725 | $11536 | $4412 |
| **Cash paid for income taxes** | $- | $90 | $860 | $- | $1663 | $- |
| **Cash paid for interest expenses** | $- | $4100 | $- | $2674 | $- | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $- | $173246 | $- | $134889 | $- | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Creekside** | **Creekwood** | **Cumberland** | **Cupcake** | **Cypress** | **Daisy** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $2321 | $(2788) | $389 | $(1851) | $(7735) | $1850 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4269 | 3972 | 4059 | 3275 | 5013 | 4138 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 213 |  | 17 | 208 |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2395) | (2695) |  | (1595) | (2395) | (1695) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (172) | (2785) | (210) | (874) | (6193) | (113) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2041) |  | (1625) | (1) | (2340) | (2272) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 8891 | 1617 | 5915 | 1833 | 2952 | 8830 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2395 | 2695 |  | 1595 | 2395 | 1695 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (3192) | 14852 | (3113) | 3537 | (5437) | (6832) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 10077 | 15080 | 5415 | 5935 | (13533) | 5601 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (1500) |  | (2100) |  |  | (2600) |
| &nbsp;&nbsp;&nbsp;Distributions | (7300) | (2349) | (6157) | (4044) | (2805) | (6421) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (8800) | (2349) | (8257) | (4044) | (2805) | (9021) |
| **Net change in cash** | 1277 | 12732 | (2842) | 1891 | (16338) | (3420) |
| **Cash at beginning of the period** | 14662 | 901 | 21941 | 12632 | 20606 | 18365 |
| **Cash at end of of the period** | $15939 | $13633 | $19099 | $14523 | $4268 | $14944 |
| **Cash paid for income taxes** | $- | $- | $717 | $- | $- | $- |
| **Cash paid for interest expenses** | $- | $5008 | $- | $2981 | $6253 | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $- | $141318 | $- | $150107 | $179144 | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Davidson** | **Dawson** | **Delta** | **Dewberry** | **Diablo** | **Dogwood** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(194) | $(7968) | $(23135) | $(3297) | $(3211) | $297 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2909 | 3617 | 4966 | 2613 | 3571 | 3311 |
| &nbsp;&nbsp;&nbsp;Amortization | 31 | 37 | 41 | 33 | 38 |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (1595) | (1745) | (3443) | (2393) | (2145) | (2243) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (2456) | (2571) | (3297) | (777) | (2380) | (333) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2973) | (2237) | (8590) | (4207) | (3447) | (2895) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 1793 | 1509 | 1589 | 1639 | 3816 | 3241 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1595 | 1745 | 3443 | 2393 | 2145 | 2243 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 4881 | 11897 | 28399 | 10551 | 7444 | 3669 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 3990 | 4284 | (27) | 6553 | 5830 | 7292 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (1340) | (1403) | (434) | (1924) | (1225) | (4723) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1340) | (1403) | (434) | (1924) | (1225) | (4723) |
| **Net change in cash** | 2649 | 2881 | (461) | 4629 | 4606 | 2569 |
| **Cash at beginning of the period** | 2931 | - | 1789 | - | 1951 | 10714 |
| **Cash at end of of the period** | $5581 | $2881 | $1328 | $4629 | $6556 | $13283 |
| **Cash paid for income taxes** | $- | $75 | $- | $61 | $50 | $- |
| **Cash paid for interest expenses** | $2879 | $3419 | $4435 | $2836 | $4067 | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $225000 | $- | $190000 | $- | $- |
| Acquisition of property | $- | $225000 | $- | $190000 | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $145312 | $144259 | $224546 | $119464 | $205783 | $- |
| Offering expenses | $- | $2200 | $- | $1849 | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Dolittle** | **Dolly** | **Dops** | **Dorchester** | **Dunbar** | **Eagle** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(3288) | $(11055) | $639 | $367 | $(2250) | $(2088) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4222 | 9475 | 2809 | 4727 | 5811 | 3946 |
| &nbsp;&nbsp;&nbsp;Amortization | 38 |  |  |  |  | 57 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (3443) | (3995) | (2093) | (2195) | (2993) | (1995) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (2298) | (249) | (170) | (703) |  | (2253) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2367) |  | (2397) | (2137) |  |  |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 3140 | 7333 | 3379 | 5249 | 4497 | 3257 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 3443 | 3995 | 2093 | 2195 | 2993 | 1995 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2981 | (8133) | 1307 | (8502) | 9078 | 14722 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 2428 | (2628) | 5566 | (999) | 17136 | 17641 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  | (350) |  | (500) | (200) | (1000) |
| &nbsp;&nbsp;&nbsp;Distributions | (2861) | (3384) | (5896) | (5249) | (3157) | (4835) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (2861) | (3734) | (5896) | (5749) | (3357) | (5835) |
| **Net change in cash** | (433) | (6362) | (330) | (6748) | 13780 | 11806 |
| **Cash at beginning of the period** | 941 | 12293 | 9336 | 9281 | 829 | 8998 |
| **Cash at end of of the period** | $508 | $5931 | $9006 | $2532 | $14609 | $20805 |
| **Cash paid for income taxes** | $92 | $1670 | $- | $342 | $779 | $- |
| **Cash paid for interest expenses** | $4060 | $- | $- | $- | $- | $4529 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $205469 | $- | $- | $- | $- | $131761 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Eastfair** | **Eastwood** | **Elevation** | **Ella** | **Ellen** | **Elm** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(4986) | $(11896) | $(13181) | $1389 | $6944 | $(2536) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2956 | 4378 | 5056 | 3587 | 3404 | 2300 |
| &nbsp;&nbsp;&nbsp;Amortization | 38 |  | 34 |  |  | 26 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (1949) |  | (1895) | (1795) | (2693) | (1495) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (3001) | (245) | (1935) | (193) | (350) | (2557) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2447) |  | (1738) | (1815) | (1792) | (3547) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 1816 | 3461 | 2194 | 4173 | 5550 | 1574 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1949 |  | 1895 | 1795 | 2693 | 1495 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 8127 | (4740) | 12646 | (9230) | (1566) | 7660 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 2503 | (9042) | 3077 | (2090) | 12190 | 2920 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (100) |  | (100) | (100) |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (2160) | (2772) | (1470) | (7078) | (6300) | (1511) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (2260) | (2772) | (1570) | (7178) | (6300) | (1511) |
| **Net change in cash** | 243 | (11814) | 1507 | (9267) | 5889 | 1409 |
| **Cash at beginning of the period** | 3306 | 27058 | 554 | 16261 | 18340 | 1155 |
| **Cash at end of of the period** | $3549 | $15245 | $2061 | $6994 | $24230 | $2563 |
| **Cash paid for income taxes** | $53 | $367 | $118 | $637 | $- | $78 |
| **Cash paid for interest expenses** | $3505 | $- | $4017 | $- | $- | $2506 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $147981 | $- | $170412 | $- | $- | $105843 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Emporia** | **Ensenada** | **Falcon** | **Felix** | **Fenwick** | **Fletcher** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(2487) | $(18380) | $(283) | $2164 | $6252 | $2368 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4833 | 6666 | 3953 | 4101 | 4120 | 2412 |
| &nbsp;&nbsp;&nbsp;Amortization | 43 | 62 | 57 |  |  |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  | (2641) |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2495) |  | (1950) | (2393) |  | (1395) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (2546) | (3169) | (2347) | (334) | (518) |  |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2474) |  | (280) | (1475) | (6215) | (2433) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 2367 | (1416) | 3891 | 4031 | 4649 | 2958 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2495 |  | 1950 | 2393 |  | 1395 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 6483 | 9458 | 3668 | (5101) | (667) | (1091) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 6219 | (6778) | 8660 | 744 | 7621 | 4214 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  | (600) |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (2256) | (1525) | (4571) | (6630) | (8057) | (5602) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (2256) | (1525) | (5171) | (6630) | (8057) | (5602) |
| **Net change in cash** | 3964 | (8303) | 3489 | (5885) | (436) | (1389) |
| **Cash at beginning of the period** | 333 | 19001 | 13791 | 16615 | 20374 | 19609 |
| **Cash at end of of the period** | $4297 | $10697 | $17280 | $10729 | $19938 | $18220 |
| **Cash paid for income taxes** | $- | $- | $- | $- | $- | $- |
| **Cash paid for interest expenses** | $4790 | $7656 | $4529 | $- | $- | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $242621 | $388638 | $131751 | $- | $- | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Folly** | **Forest** | **Foster** | **Franklin** | **Gardens** | **General** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $577 | $(11806) | $4421 | $(1555) | $(3212) | $4035 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 5126 | 6070 | 4307 | 4623 | 3586 | 4342 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 41 |  |  | 30 |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2695) | (2445) | (2349) | (2595) | (1595) | (2495) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (556) | (3654) |  | (523) | (2198) | (467) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2179) | (14381) | (2314) | (2094) | (2991) | (2017) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 4652 | 1718 | 4829 | 7335 | 1284 | 4345 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2695 | 2445 | 2349 | 2595 | 1595 | 2495 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3691 | 25075 | (2284) | (854) | 5293 | (4892) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 11312 | 3063 | 8959 | 6932 | 1792 | 5346 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (400) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (4349) | (649) | (10152) | (6281) | (2229) | (8539) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (4749) | (649) | (10152) | (6281) | (2229) | (8539) |
| **Net change in cash** | 6563 | 2414 | (1192) | 651 | (437) | (3193) |
| **Cash at beginning of the period** | 9718 | 972 | 29623 | 12417 | 2979 | 16134 |
| **Cash at end of of the period** | $16282 | $3387 | $28430 | $13068 | $2542 | $12941 |
| **Cash paid for income taxes** | $308 | $127 | $- | $- | $- | $- |
| **Cash paid for interest expenses** | $- | $5302 | $- | $- | $3271 | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $- | $225289 | $- | $- | $134859 | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Goose** | **Grant** | **Greenhill** | **Gretal** | **Grove** | **Hadden** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(859) | $(1901) | $(1770) | $33 | $(4950) | $(2663) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3678 | 4451 | 4484 | 6206 | 4401 | 3027 |
| &nbsp;&nbsp;&nbsp;Amortization | 54 | 45 | 41 |  | 32 | 30 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (1950) |  | (3119) | (2395) | (1869) | (1645) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (2365) | (3079) | (2815) | (197) | (1822) | (2191) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (240) | (5433) | (3342) | (2459) | (2457) | (3445) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 2252 | 2145 | 2149 | 5480 | 1256 | 2156 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1950 |  | 3119 | 2395 | 1869 | 1645 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 4299 | 9822 | 6360 | (3440) | 7935 | 6949 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 6819 | 6050 | 5107 | 5623 | 4397 | 3864 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (250) |  |  |  |  | (500) |
| &nbsp;&nbsp;&nbsp;Distributions | (4778) | (3526) | (3276) | (8789) | (1113) | (2695) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (5028) | (3526) | (3276) | (8789) | (1113) | (3195) |
| **Net change in cash** | 1791 | 2524 | 1830 | (3166) | 3284 | 669 |
| **Cash at beginning of the period** | 12548 | 7131 | 1823 | 21406 | 436 | 6140 |
| **Cash at end of of the period** | $14339 | $9655 | $3654 | $18240 | $3720 | $6809 |
| **Cash paid for income taxes** | $- | $- | $99 | $1098 | $- | $76 |
| **Cash paid for interest expenses** | $4220 | $5063 | $4454 | $- | $3773 | $2811 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $122685 | $256547 | $225524 | $- | $155713 | $141821 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Hansard** | **Hansel** | **Hargrave** | **Harrison** | **Henry** | **Heritage** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $2869 | $(11875) | $(8062) | $(5869) | $(24200) | $(4899) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4170 | 5564 | 3212 | 6296 | 5912 | 4506 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 80 |  | 312 |  | 38 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2450) |  | (3190) | (3045) | (2395) | (1995) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (100) | (3619) | (199) | (2663) | (63) | (3350) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2155) |  | (1472) | (2426) |  | (2775) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 4686 | 1381 | 2826 | 5667 | 7096 | 1488 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2450 |  | 3190 | 3045 | 2395 | 1995 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (3125) | 6124 | 38152 | 17581 | 11839 | 2347 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 6345 | (2346) | 34456 | 18897 | 584 | (2647) |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  | (272924) |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (100) |  | 259629 | (1950) | (1400) |  |
| &nbsp;&nbsp;&nbsp;Distributions | (8663) | (2164) | (4230) | (3895) | (1413) | (1699) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (8763) | (2164) | (17525) | (5845) | (2813) | (1699) |
| **Net change in cash** | (2418) | (4510) | 16931 | 13051 | (2229) | (4346) |
| **Cash at beginning of the period** | 23034 | 12324 | 461 | 6309 | 2683 | 23848 |
| **Cash at end of of the period** | $20615 | $7813 | $17392 | $19360 | $455 | $19502 |
| **Cash paid for income taxes** | $742 | $985 | $- | $1111 | $- | $- |
| **Cash paid for interest expenses** | $- | $6771 | $- | $7931 | $- | $4859 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $- | $197498 | $- | $224962 | $- | $200892 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Heron** | **Highland** | **Hines** | **Hobbes** | **Holcomb** | **Holland** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(7009) | $2313 | $(617) | $(7761) | $717 | $(2092) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4474 | 3942 | 4405 | 3216 | 4877 | 2909 |
| &nbsp;&nbsp;&nbsp;Amortization | 37 |  |  |  |  | 31 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2369) | (2843) | (1845) | (2393) | (2095) | (2168) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (2177) |  |  | (199) |  | (2374) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2895) | (2820) | (1624) | (1287) | (715) | (2201) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 2401 | 4573 | 3570 | 4070 | 5146 | 1155 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2369 | 2843 | 1845 | 2393 | 2095 | 2168 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 7652 | (6640) | (5343) | 185 | (16618) | 5823 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 2483 | 1368 | 390 | (1777) | (6593) | 3252 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  | (500) | (500) |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (1714) | (4865) | (3716) | (4177) | (6049) | (1101) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1714) | (5365) | (4216) | (4177) | (6049) | (1101) |
| **Net change in cash** | 769 | (3997) | (3825) | (5953) | (12642) | 2151 |
| **Cash at beginning of the period** | 330 | 8230 | 6818 | 22214 | 30016 | 350 |
| **Cash at end of of the period** | $1099 | $4233 | $2993 | $16261 | $17374 | $2501 |
| **Cash paid for income taxes** | $91 | $273 | $- | $- | $- | $- |
| **Cash paid for interest expenses** | $4809 | $- | $- | $- | $- | $2879 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $198806 | $- | $- | $- | $- | $145317 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Hollandaise** | **Holloway** | **Inglewood** | **Irene** | **Jack** | **Jake** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(23590) | $(3900) | $(6854) | $3413 | $(4960) | $(1325) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 5028 | 4672 | 9361 | 2412 | 6377 | 8093 |
| &nbsp;&nbsp;&nbsp;Amortization | 44 | 49 |  |  | 49 |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (1895) | (3719) | (3445) | (1395) |  | (2895) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (2791) | (2338) | (1033) | (211) | (3151) | (380) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (6366) | (2949) | (2716) | (1468) | (835) | (6599) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 2124 | 1937 | 8261 | 3457 | 1261 | 7373 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1895 | 3719 | 3445 | 1395 |  | 2895 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 24940 | 13516 | (3087) | (3913) | 1590 | 4867 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (610) | 10988 | 3932 | 3690 | 331 | 12028 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (400) |  | (1050) |  |  | (1000) |
| &nbsp;&nbsp;&nbsp;Distributions | (1462) | (3689) | (7629) | (5880) | (1688) | (6403) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1862) | (3689) | (8679) | (5880) | (1688) | (7403) |
| **Net change in cash** | (2472) | 7299 | (4747) | (2191) | (1358) | 4625 |
| **Cash at beginning of the period** | 5398 | 38 | 12751 | 22155 | 5559 | 6324 |
| **Cash at end of of the period** | $2926 | $7337 | $8005 | $19965 | $4202 | $10949 |
| **Cash paid for income taxes** | $878 | $114 | $1649 | $- | $1011 | $- |
| **Cash paid for interest expenses** | $4995 | $5160 | $- | $- | $6384 | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $253041 | $218344 | $- | $- | $286926 | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Jefferson** | **Jill** | **Johnny** | **June** | **Jupiter** | **Kawana** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $4254 | $(5665) | $(2714) | $97 | $(4968) | $(2595) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3777 | 5492 | 8047 | 8047 | 2906 | 3786 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 279 |  |  | 30 | 37 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2595) | (2195) |  | (3545) | (1550) | (2543) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (873) | (4966) | (177) | (178) | (1407) | (2372) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2127) | (2159) | (293) | (3255) | (1588) | (1110) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 4258 | 1730 | 6552 | 9491 | 1281 | 1753 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2595 | 2195 |  | 3545 | 1550 | 2543 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (838) | 16267 | 4607 | 8961 | 2119 | 13209 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 8452 | 10976 | 16023 | 23164 | (1628) | 12707 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  | (2000) | (500) |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (7976) | (4103) | (5307) | (4713) | (735) | (2818) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (7976) | (4103) | (7307) | (5213) | (735) | (2818) |
| **Net change in cash** | 476 | 6873 | 8716 | 17951 | (2363) | 9889 |
| **Cash at beginning of the period** | 17923 | 4740 | 33784 | 13071 | 4172 | 2520 |
| **Cash at end of of the period** | $18399 | $11613 | $42500 | $31022 | $1809 | $12409 |
| **Cash paid for income taxes** | $672 | $973 | $1418 | $1418 | $- | $- |
| **Cash paid for interest expenses** | $- | $6947 | $- | $- | $3262 | $3766 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $- | $196822 | $- | $- | $138117 | $190477 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Kennesaw** | **Kenny** | **KerriAnn** | **Kessler** | **Kingsley** | **Kirkwood** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(1769) | $(18377) | $(16258) | $(7004) | $(7852) | $(3654) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 5836 | 9475 | 4686 | 4106 | 4290 | 3592 |
| &nbsp;&nbsp;&nbsp;Amortization |  |  | 44 | 166 | 48 | 35 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2595) |  | (1995) |  | (2869) | (2393) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (288) | (249) | (1402) | (1369) | (82) | (3001) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (1598) |  | (4242) |  | (2966) | (1846) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 6155 | 8029 | 4107 | 1262 | 1890 | 2427 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2595 |  | 1995 |  | 2869 | 2393 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (14502) | (2633) | 6890 | 6159 | 12709 | 1023 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (6166) | (3754) | (6175) | 3321 | 8039 | (1423) |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (1100) | (2850) | (2500) | (100) |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (5194) | (787) | (728) | (1161) | (2688) | (1612) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (6294) | (3637) | (3228) | (1261) | (2688) | (1612) |
| **Net change in cash** | (12461) | (7391) | (9402) | 2060 | 5351 | (3034) |
| **Cash at beginning of the period** | 28570 | 15768 | 10143 | 1471 | - | 3527 |
| **Cash at end of of the period** | $16109 | $8376 | $741 | $3532 | $5351 | $493 |
| **Cash paid for income taxes** | $- | $1670 | $- | $- | $91 | $630 |
| **Cash paid for interest expenses** | $- | $- | $4655 | $4423 | $5020 | $4358 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $315000 | $- |
| Acquisition of property | $- | $- | $- | $- | $315000 | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $- | $- | $235597 | $125383 | $212398 | $180038 |
| Offering expenses | $- | $- | $- | $- | $2537 | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Korin** | **Lallie** | **Lanier** | **Lannister** | **Latte** | **Lennox** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $3128 | $(12673) | $(11669) | $(4547) | $620 | $(2521) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3823 | 6202 | 5706 | 3027 | 5011 | 2978 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 53 | 45 | 51 |  | 36 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (1995) | (2295) | (2395) | (1943) | (3293) | (1795) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses |  | (883) | (3604) | (3692) | (289) | (1133) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (1869) | (3387) |  | (1013) | (3397) | (2671) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 7488 | 1782 | 1616 | 1164 | 4916 | 1702 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1995 | 2295 | 2395 | 1943 | 3293 | 1795 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (6946) | 14360 | 5457 | 8004 | 4696 | 5171 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 5624 | 5453 | (2448) | 2995 | 11557 | 3561 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (7877) | (1363) | (1848) | (975) | (5674) | (2818) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (7877) | (1363) | (1848) | (975) | (5674) | (2818) |
| **Net change in cash** | (2253) | 4089 | (4296) | 2020 | 5883 | 744 |
| **Cash at beginning of the period** | 21973 | 515 | 10134 | 797 | 9117 | 4237 |
| **Cash at end of of the period** | $19720 | $4604 | $5838 | $2817 | $15000 | $4980 |
| **Cash paid for income taxes** | $- | $113 | $- | $- | $- | $69 |
| **Cash paid for interest expenses** | $- | $5614 | $6313 | $3588 | $- | $3267 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $- | $237669 | $261368 | $112653 | $- | $137818 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Lierly** | **Lily** | **Limestone** | **Litton** | **Longwoods** | **Lookout** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(1878) | $(7156) | $(20409) | $(3037) | $(1083) | $(2641) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2932 | 7493 | 4023 | 4413 | 3702 | 4741 |
| &nbsp;&nbsp;&nbsp;Amortization | 96 | 51 | 38 | 400 |  |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (1750) | (2395) | (2095) |  | (1995) | (2145) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (35) | (5547) | (1453) | (223) |  | (104) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers |  | (2874) | (889) | (1528) | (727) | (622) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 7270 | 217 | 1892 | 4681 | 4602 | 4587 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1750 | 2395 | 2095 |  | 1995 | 2145 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (7399) | 14106 | 17913 | 13260 | (4718) | (1374) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 986 | 6290 | 1114 | 17966 | 1776 | 4588 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  | (100) |  | (200) |
| &nbsp;&nbsp;&nbsp;Distributions | (4255) | (1611) | (1014) | (3190) | (6844) | (5481) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (4255) | (1611) | (1014) | (3290) | (6844) | (5681) |
| **Net change in cash** | (3270) | 4679 | 100 | 14677 | (5068) | (1093) |
| **Cash at beginning of the period** | 21077 | 5397 | 1897 | 9012 | 21591 | 9326 |
| **Cash at end of of the period** | $17807 | $10076 | $1996 | $23688 | $16523 | $8233 |
| **Cash paid for income taxes** | $- | $- | $98 | $785 | $- | $834 |
| **Cash paid for interest expenses** | $2762 | $6087 | $3971 | $5952 | $- | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $129839 | $308697 | $200936 | $157267 | $- | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Loretta** | **Louis** | **Louise** | **Lovejoy** | **Luna** | **Lurleen** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(2055) | $3416 | $(7256) | $(3648) | $(7739) | $(2157) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 9431 | 3701 | 3789 | 4044 | 2956 | 2141 |
| &nbsp;&nbsp;&nbsp;Amortization |  |  | 35 | 38 | 38 | 275 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (3445) | (1895) | (1895) | (1995) | (1895) | (1695) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (630) | (562) | (2631) | (2273) | (1040) | (216) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (3012) | (5033) | (1721) | (1235) |  | (2641) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 14744 | 4409 | 1531 | 2538 | 1793 | 4455 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 3445 | 1895 | 1895 | 1995 | 1895 | 1695 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (4522) | 788 | 3706 | 6344 | 6243 | 6028 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 13956 | 6719 | (2547) | 5809 | 2251 | 7885 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (7700) |  |  | (500) |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (5749) | (7032) | (2276) | (2420) | (1041) | (3549) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (13449) | (7032) | (2276) | (2920) | (1041) | (3549) |
| **Net change in cash** | 507 | (314) | (4824) | 2889 | 1210 | 4336 |
| **Cash at beginning of the period** | 10811 | 23129 | 7859 | 977 | 2813 | 109 |
| **Cash at end of of the period** | $11318 | $22815 | $3036 | $3866 | $4022 | $4445 |
| **Cash paid for income taxes** | $1662 | $- | $7 | $- | $56 | $- |
| **Cash paid for interest expenses** | $- | $- | $4017 | $4012 | $3506 | $4761 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $- | $- | $180044 | $202996 | $147981 | $108075 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Madison** | **Mae** | **Magnolia** | **Malbec** | **Mammoth** | **Marcelo** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(525) | $1604 | $(4257) | $(3699) | $(28180) | $1834 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2828 | 4864 | 4154 | 4388 | 4686 | 3911 |
| &nbsp;&nbsp;&nbsp;Amortization | 47 |  | 71 | 67 | 42 |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2174) | (4190) |  | (2295) | (2095) | (1945) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (1358) | (397) | (1665) | (919) | (3098) |  |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (3543) | (3345) | (1160) |  | (895) | (1705) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 1179 | 5170 | 2194 | 1841 | 1440 | 4071 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2174 | 4190 |  | 2295 | 2095 | 1945 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 4997 | (2887) | (282) | (3172) | 21347 | (4515) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 3625 | 5009 | (944) | (1494) | (4659) | 3597 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  | (400) | (1000) | (100) |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (1279) | (7335) | (1290) | (3556) | (366) | (7429) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1279) | (7735) | (2290) | (3656) | (366) | (7429) |
| **Net change in cash** | 2346 | (2726) | (3234) | (5151) | (5025) | (3833) |
| **Cash at beginning of the period** | 2797 | 13420 | 24684 | 13690 | 5883 | 15306 |
| **Cash at end of of the period** | $5143 | $10695 | $21450 | $8540 | $858 | $11473 |
| **Cash paid for income taxes** | $- | $346 | $- | $- | $- | $- |
| **Cash paid for interest expenses** | $3122 | $- | $4993 | $4891 | $5695 | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $99895 | $- | $171057 | $204967 | $235655 | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Marie** | **Marietta** | **Marion** | **Marple** | **Martell** | **Mary** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $5070 | $(8876) | $(3129) | $1092 | $(7570) | $4164 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4397 | 4158 | 4427 | 2412 | 3572 | 3732 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 221 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2745) | (2195) | (2295) | (2093) | (1945) | (2095) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (105) | (2502) | (1169) |  |  | (481) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2421) | (848) | (1755) |  | (1705) | (2042) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 4952 | 1767 | 4281 | 3348 | 4365 | 4682 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2745 | 2195 | 2295 | 2093 | 1945 | 2095 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (1732) | 11126 | (16784) | 748 | (6184) | 332 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 10161 | 5046 | (14129) | 7600 | (7522) | 10387 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  | (300) |  |
| &nbsp;&nbsp;&nbsp;Distributions | (10032) | (1612) | (5871) | (5491) | (4647) | (7715) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (10032) | (1612) | (5871) | (5491) | (4947) | (7715) |
| **Net change in cash** | 129 | 3434 | (19999) | 2109 | (12469) | 2672 |
| **Cash at beginning of the period** | 22860 | 1099 | 21583 | 13821 | 14172 | 15677 |
| **Cash at end of of the period** | $22989 | $4533 | $1584 | $15930 | $1704 | $18349 |
| **Cash paid for income taxes** | $782 | $- | $- | $- | $- | $582 |
| **Cash paid for interest expenses** | $- | $5260 | $- | $- | $- | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $- | $148541 | $- | $- | $- | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Matchingham** | **McGregor** | **McLovin** | **Meadow** | **Mimosa** | **Mojave** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(2719) | $(1786) | $(4883) | $(2946) | $(3120) | $761 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2913 | 4132 | 6219 | 4410 | 2954 | 3525 |
| &nbsp;&nbsp;&nbsp;Amortization | 31 |  | 58 | 39 | 269 | 66 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2095) | (1895) | (3495) |  | (1495) | (2195) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (1104) |  | (3636) | (1869) | (81) | (778) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2560) | (1864) | (2874) | (2746) | (3636) | (2169) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 2285 | 4950 | (1249) | 1991 | 4140 | 1763 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2095 | 1895 | 3495 |  | 1495 | 2195 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2436 | (3912) | 8421 | 11188 | 9464 | (7415) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 1282 | 1521 | 2057 | 10067 | 9989 | (4246) |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (3439) | (5137) | (3995) | (2319) | (3583) | (3176) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (3439) | (5137) | (3995) | (2319) | (3583) | (3176) |
| **Net change in cash** | (2157) | (3617) | (1937) | 7748 | 6407 | (7422) |
| **Cash at beginning of the period** | 8340 | 9748 | 4318 | 1014 | 2442 | 10626 |
| **Cash at end of of the period** | $6183 | $6131 | $2381 | $8762 | $8848 | $3204 |
| **Cash paid for income taxes** | $59 | $727 | $- | $- | $- | $- |
| **Cash paid for interest expenses** | $2867 | $- | $7179 | $4203 | $4423 | $3240 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $144680 | $- | $364286 | $212755 | $105753 | $160176 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Murphy** | **Mycroft** | **Nugget** | **Odessa** | **Olive** | **Oly** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(10818) | $3090 | $(246) | $(6103) | $(4736) | $(9079) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4085 | 2466 | 7694 | 7332 | 3689 | 6265 |
| &nbsp;&nbsp;&nbsp;Amortization | 37 |  |  | 59 | 34 | 57 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (1995) | (1645) | (3295) | (3395) | (1895) | (2995) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (2168) |  |  | (3775) | (2084) | (3312) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (1189) | (1300) | (2714) | (2871) | (5432) | (2868) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 2888 | 3559 | 10760 | (918) | 1817 | (1073) |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1995 | 1645 | 3295 | 3395 | 1895 | 2995 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 3682 | (1391) | (12098) | 13813 | 12723 | 7361 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (3481) | 6425 | 3395 | 7537 | 6010 | (2649) |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  | (200) | (2500) | (100) |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (1135) | (5451) | (7451) | (2406) | (2594) | (2336) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1135) | (5651) | (9951) | (2506) | (2594) | (2336) |
| **Net change in cash** | (4617) | 774 | (6555) | 5031 | 3416 | (4985) |
| **Cash at beginning of the period** | 8272 | 15368 | 15822 | 647 | 306 | 12870 |
| **Cash at end of of the period** | $3655 | $16142 | $9267 | $5678 | $3723 | $7885 |
| **Cash paid for income taxes** | $87 | $- | $- | $- | $103 | $- |
| **Cash paid for interest expenses** | $4053 | $- | $- | $7315 | $2950 | $7191 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $205163 | $- | $- | $371268 | $124290 | $364989 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Onyx** | **Oscar** | **Osceola** | **Osprey** | **Otoro** | **Palmer** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(124) | $2594 | $(1412) | $312 | $(25688) | $(4073) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 6008 | 4018 | 3850 | 5490 | 6084 | 4586 |
| &nbsp;&nbsp;&nbsp;Amortization |  |  |  |  | 47 |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  | (458) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2295) | (3390) | (1695) | (2295) | (2319) | (1895) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses |  | (752) | (2196) | (362) | (2150) | (509) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2476) |  | (1870) | (3340) | (3619) | (2206) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 3512 | 4145 | 6088 | 4190 | 2275 | 4265 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2295 | 3390 | 1695 | 2295 | 2319 | 1895 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (7861) | (40831) | (8206) | (1852) | 23944 | (6631) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (941) | (31284) | (3746) | 4438 | 893 | (4569) |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  | (100) | (680) |  |
| &nbsp;&nbsp;&nbsp;Distributions | (6341) | (6179) | (6196) | (4433) | (782) | (6526) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (6341) | (6179) | (6196) | (4533) | (1462) | (6526) |
| **Net change in cash** | (7282) | (37463) | (9942) | (94) | (569) | (11095) |
| **Cash at beginning of the period** | 13900 | 44726 | 16995 | 12831 | 1822 | 22375 |
| **Cash at end of of the period** | $6619 | $7263 | $7054 | $12737 | $1253 | $11280 |
| **Cash paid for income taxes** | $518 | $- | $- | $344 | $- | $- |
| **Cash paid for interest expenses** | $- | $- | $- | $- | $5363 | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $- | $- | $- | $- | $271803 | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Patrick** | **Peanut** | **Pearl** | **Pecan** | **Peterson** | **Piedmont** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(3610) | $(1912) | $(2945) | $(535) | $2930 | $(6951) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3518 | 2964 | 7498 | 2863 | 3104 | 5272 |
| &nbsp;&nbsp;&nbsp;Amortization | 33 | 31 |  | 34 |  | 268 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (1595) | (2093) | (2945) | (1750) | (1595) | (2295) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (55) | (1262) | (233) | (31) | (239) | (2936) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers |  | (861) | (1004) |  | (1613) | (2176) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 5743 | 1891 | 7015 | 6711 | 3538 | 1651 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1595 | 2093 | 2945 | 1750 | 1595 | 2295 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (5389) | 8514 | (19951) | (6402) | (736) | 19487 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 241 | 9367 | (9620) | 2639 | 6984 | 14616 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  | (300) | (1000) |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (1866) | (2030) | (7909) | (4298) | (6967) | (2783) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (1866) | (2330) | (8909) | (4298) | (6967) | (2783) |
| **Net change in cash** | (1625) | 7037 | (18528) | (1659) | 17 | 11833 |
| **Cash at beginning of the period** | 8850 | 167 | 24130 | 18851 | 21117 | 3086 |
| **Cash at end of of the period** | $7225 | $7204 | $5602 | $17193 | $21133 | $14919 |
| **Cash paid for income taxes** | $- | $- | $1319 | $- | $- | $- |
| **Cash paid for interest expenses** | $2235 | $3522 | $- | $2329 | $- | $6645 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $107862 | $145287 | $- | $112414 | $- | $188168 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Pinot** | **Pioneer** | **Plumtree** | **Point** | **Porthos** | **Quincy** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(2887) | $(5450) | $(906) | $(19249) | $927 | $(726) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4429 | 8117 | 2768 | 5250 | 4148 | 7515 |
| &nbsp;&nbsp;&nbsp;Amortization | 68 |  | 82 | 46 |  |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2395) |  | (1550) | (2095) | (2295) | (3495) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (1650) | (47) | (32) | (4322) |  |  |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers |  |  | (1495) | (585) | (2201) | (1639) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 1831 | 8132 | 6636 | 1544 | 4976 | 9429 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2395 |  | 1550 | 2095 | 2295 | 3495 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (3999) | (7204) | (7368) | 10943 | (7902) | 3983 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (2208) | 3547 | (314) | (6373) | (53) | 18562 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  | (100) |  |  |  | (3750) |
| &nbsp;&nbsp;&nbsp;Distributions | (3375) | (5016) | (4929) | (1261) | (8754) | (3678) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (3375) | (5116) | (4929) | (1261) | (8754) | (7428) |
| **Net change in cash** | (5583) | (1569) | (5244) | (7634) | (8807) | 11133 |
| **Cash at beginning of the period** | 16588 | 7950 | 23770 | 8937 | 28240 | 6547 |
| **Cash at end of of the period** | $11005 | $6382 | $18527 | $1303 | $19433 | $17681 |
| **Cash paid for income taxes** | $- | $- | $- | $921 | $- | $- |
| **Cash paid for interest expenses** | $4941 | $- | $2342 | $6405 | $- | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $207094 | $- | $110054 | $265191 | $- | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Redondo** | **Regency** | **Reginald** | **Reynolds** | **Ribbonwalk** | **Richardson** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(3482) | $(3096) | $(1146) | $481 | $(4385) | $2021 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4308 | 3793 | 6815 | 5905 | 4395 | 4321 |
| &nbsp;&nbsp;&nbsp;Amortization | 394 | 344 |  |  | 41 |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits |  | (3793) | (4293) | (2495) | (1995) | (1995) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (208) | (711) | (275) | (491) | (2156) | (215) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (3534) | (1602) | (4530) | (2685) | (1394) | (1725) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 4691 | 7429 | 7537 | 6097 | 1391 | 8035 |
| &nbsp;&nbsp;&nbsp;Tenant deposits |  | 3793 | 4293 | 2495 | 1995 | 1995 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 7249 | 9797 | 2760 | (13267) | 15090 | (5879) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 9417 | 15953 | 11162 | (3960) | 12981 | 6558 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  | (2450) | (500) |  | (1200) |
| &nbsp;&nbsp;&nbsp;Distributions | (2854) | (5208) | (5362) | (7273) | (1596) | (6808) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (2854) | (5208) | (7812) | (7773) | (1596) | (8008) |
| **Net change in cash** | 6563 | 10745 | 3350 | (11733) | 11385 | (1450) |
| **Cash at beginning of the period** | 1352 | 8982 | 12317 | 34185 | 287 | 19245 |
| **Cash at end of of the period** | $7915 | $19727 | $15668 | $22451 | $11672 | $17795 |
| **Cash paid for income taxes** | $50 | $- | $250 | $250 | $- | $- |
| **Cash paid for interest expenses** | $6480 | $5951 | $- | $- | $4380 | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $154875 | $135094 | $- | $- | $221786 | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Richmond** | **Ridge** | **Ritter** | **River** | **Riverwalk** | **Rooney** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(1700) | $(3000) | $(11499) | $140 | $(5875) | $(3242) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 5232 | 2992 | 6932 | 3662 | 5427 | 4422 |
| &nbsp;&nbsp;&nbsp;Amortization |  | 36 |  | 34 |  | 45 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2695) | (2543) | (2495) | (3293) | (3993) | (2095) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (347) | (1520) | (103) | (1593) |  | (3365) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2410) | (2745) | (1961) | (2817) | (1) | (2433) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 6328 | 1803 | 6667 | 2341 | 4918 | 1207 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2695 | 2543 | 2495 | 3293 | 3993 | 2095 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 60468 | 6920 | 5458 | (1163) | 1546 | 10830 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 67571 | 4485 | 5494 | 602 | 6015 | 7464 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party | (445636) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | 414717 |  | (1000) | (100) | (200) |  |
| &nbsp;&nbsp;&nbsp;Distributions | (11285) | (2798) | (3770) | (3785) | (2813) | (1702) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (42204) | (2798) | (4770) | (3885) | (3013) | (1702) |
| **Net change in cash** | 25367 | 1688 | 725 | (3283) | 3002 | 5761 |
| **Cash at beginning of the period** | 2672 | 1258 | 6086 | 8965 | 11665 | 3987 |
| **Cash at end of of the period** | $28039 | $2945 | $6811 | $5682 | $14667 | $9748 |
| **Cash paid for income taxes** | $- | $69 | $- | $84 | $957 | $50 |
| **Cash paid for interest expenses** | $- | $3283 | $- | $4017 | $- | $5063 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $- | $138461 | $- | $170412 | $- | $256547 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Roseberry** | **Rosewood** | **Roxy** | **Saddlebred** | **Saint** | **Sajni** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(2613) | $(3514) | $(4959) | $(6711) | $(67) | $(141) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4513 | 3719 | 4479 | 7639 | 3791 | 5539 |
| &nbsp;&nbsp;&nbsp;Amortization | 39 | 36 | 40 | 54 | 39 |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  | (1377) |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (3443) | (2768) | (1995) | (4168) | (2495) | (2745) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (2178) | (1337) | (2151) | (2670) | (2335) | (10) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (873) | (3251) | (2262) | (4607) | (2185) | (2337) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 2351 | 1621 | 1630 | (22) | 1970 | 3607 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 3443 | 2768 | 1995 | 4168 | 2495 | 2745 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2220 | 2826 | 7871 | 13882 | (5112) | (5189) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 3458 | 99 | 4649 | 6187 | (3899) | 1468 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  | (100) |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (3129) | (1557) | (1747) | (2136) | (3710) | (8158) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (3129) | (1557) | (1747) | (2236) | (3710) | (8158) |
| **Net change in cash** | 329 | (1458) | 2901 | 3951 | (7609) | (6690) |
| **Cash at beginning of the period** | 2190 | 2222 | 4069 | 9534 | 21695 | 6958 |
| **Cash at end of of the period** | $2519 | $764 | $6970 | $13484 | $14086 | $268 |
| **Cash paid for income taxes** | $100 | $- | $786 | $- | $50 | $250 |
| **Cash paid for interest expenses** | $4924 | $4525 | $5277 | $6496 | $4146 | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $209142 | $186989 | $218270 | $329554 | $209840 | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Salem** | **Salinas** | **Saturn** | **Scepter** | **Sequoyah** | **Shallowford** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(3845) | $2303 | $(1911) | $(1350) | $(17973) | $(10066) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4387 | 4039 | 3632 | 3238 | 3401 | 4958 |
| &nbsp;&nbsp;&nbsp;Amortization | 68 |  | 30 | 36 | 310 | 255 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2195) | (1945) | (1806) | (1795) | (2295) |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (2092) |  | (1451) | (2373) | (257) | (2817) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (1241) | (1643) | (1336) | (1380) |  |  |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 1884 | 3489 | 1413 | 1787 | 6938 | 1633 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2195 | 1945 | 1806 | 1795 | 2295 |  |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (220) | (9279) | 5767 | (644) | 6440 | 3673 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (1059) | (1092) | 6144 | (686) | (1142) | (2364) |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (200) |  |  | (100) |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (3580) | (4376) | (1748) | (1836) | (858) | (1971) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (3780) | (4376) | (1748) | (1936) | (858) | (1971) |
| **Net change in cash** | (4839) | (5468) | 4396 | (2622) | (2000) | (4335) |
| **Cash at beginning of the period** | 10972 | 14381 | 4379 | 4796 | 2000 | 4335 |
| **Cash at end of of the period** | $6133 | $8913 | $8775 | $2173 | $- | $- |
| **Cash paid for income taxes** | $- | $50 | $- | $50 | $- | $875 |
| **Cash paid for interest expenses** | $4983 | $- | $3262 | $3698 | $4613 | $6251 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $208862 | $- | $138122 | $187025 | $121882 | $176885 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Shoreline** | **Sigma** | **Simon** | **Sims** | **Soapstone** | **Sodalis** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(3581) | $(5352) | $3917 | $1394 | $2148 | $(1861) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4260 | 5240 | 3976 | 3749 | 3000 | 3980 |
| &nbsp;&nbsp;&nbsp;Amortization | (23) | 46 |  |  | 96 |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  | (17919) |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2295) | (2869) | (2095) | (2768) | (2350) | (2000) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (1569) | (2328) | (470) | (478) |  | (52) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (3057) | (690) | (2003) | (1671) | (2294) | (2971) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 1835 | 2061 | 4887 | 4496 | 6743 | 9061 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2295 | 2869 | 2095 | 2768 | 2350 | 2000 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 5742 | (3748) | (18220) | (17789) | (3931) | (5636) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 3607 | (4773) | (7913) | (10298) | (12157) | 2520 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  | (2100) |
| &nbsp;&nbsp;&nbsp;Distributions | (2139) | (2749) | (7978) | (6750) | (3601) | (4490) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (2139) | (2749) | (7978) | (6750) | (3601) | (6590) |
| **Net change in cash** | 1468 | (7522) | (15891) | (17048) | (15758) | (4070) |
| **Cash at beginning of the period** | (0) | 7893 | 18491 | 17985 | 16910 | 5917 |
| **Cash at end of of the period** | $1468 | $371 | $2600 | $937 | $1152 | $1846 |
| **Cash paid for income taxes** | $92 | $- | $- | $- | $- | $- |
| **Cash paid for interest expenses** | $4877 | $5268 | $- | $- | $2704 | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $209965 | $266960 | $- | $- | $126994 | $- |
| Offering expenses | $2498 | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Spencer** | **Splash** | **Spring** | **Stonebriar** | **Sugar** | **Summerset** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(2934) | $(990) | $(4452) | $(4068) | $(5388) | $(3755) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4157 | 2978 | 3401 | 2787 | 4279 | 5058 |
| &nbsp;&nbsp;&nbsp;Amortization | 45 | 159 |  | 29 | 46 | 40 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2349) | (1550) | (1695) | (1395) | (3590) | (2843) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (1406) | (150) | (139) | (1392) | (2303) | (1165) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (3214) | (243) | (2656) | (1928) | (2882) | (4638) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 3283 | 5885 | 3667 | 1364 | 1816 | 1454 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2349 | 1550 | 1695 | 1395 | 3590 | 2843 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 4536 | (15985) | (1920) | (570) | 5861 | 5988 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 4468 | (8346) | (2098) | (3779) | 1430 | 2981 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (200) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (3428) | (4003) | (5043) | (975) | (2159) | (828) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (3628) | (4003) | (5043) | (975) | (2159) | (828) |
| **Net change in cash** | 839 | (12349) | (7141) | (4754) | (729) | 2153 |
| **Cash at beginning of the period** | 597 | 13815 | 9230 | 14993 | 2820 | 2097 |
| **Cash at end of of the period** | $1436 | $1467 | $2089 | $10239 | $2090 | $4249 |
| **Cash paid for income taxes** | $94 | $- | $240 | $- | $114 | $25 |
| **Cash paid for interest expenses** | $4554 | $2637 | $- | $3221 | $4706 | $3873 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $192578 | $122029 | $- | $132769 | $199011 | $163590 |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Sundance** | **Sunnyside** | **Swift** | **Taylor** | **Terracotta** | **Theodore** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(5345) | $239 | $695 | $(7549) | $(6262) | $884 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 5102 | 3039 | 5287 | 3689 | 3787 | 3947 |
| &nbsp;&nbsp;&nbsp;Amortization | 394 |  |  | 178 | 40 |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2695) |  |  | (1645) |  | (2245) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (178) | (219) |  | (1308) | (2245) | (470) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (9619) | (453) | (1837) | (1598) | (2121) | (1104) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 13214 | 3582 | 5441 | 1747 | 1208 | 4830 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2695 |  |  | 1645 |  | 2245 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | (1800) | (786) | (18361) | 8580 | 6520 | (3593) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 1768 | 5403 | (8774) | 3738 | 927 | 4494 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (3169) | (6165) | (5608) | (2055) | (2206) | (7291) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (3169) | (6165) | (5608) | (2055) | (2206) | (7291) |
| **Net change in cash** | (1401) | (762) | (14382) | 1683 | (1279) | (2797) |
| **Cash at beginning of the period** | 7408 | 21022 | 33205 | 1314 | 6476 | 20437 |
| **Cash at end of of the period** | $6006 | $20260 | $18822 | $2997 | $5197 | $17640 |
| **Cash paid for income taxes** | $50 | $- | $- | $- | $- | $437 |
| **Cash paid for interest expenses** | $6480 | $- | $- | $3987 | $4353 | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $154875 | $- | $- | $112128 | $220369 | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Tulip** | **Tuscan** | **Tuscarora** | **Tuxford** | **Vernon** | **Walton** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(1835) | $(4107) | $3757 | $(11423) | $(4614) | $3496 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4363 | 4439 | 4591 | 3601 | 3619 | 4123 |
| &nbsp;&nbsp;&nbsp;Amortization | 40 | 169 |  | 35 | 34 |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (2195) | (2295) | (3145) | (1895) | (2843) | (2095) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (1609) | (454) | (110) | (2360) | (1781) | (81) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (3639) |  | (8722) |  | (2918) | (1927) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 2018 | 8575 | 5017 | 1509 | 1623 | 7089 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 2195 | 2295 | 3145 | 1895 | 2843 | 2095 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 8001 | 652 | 1552 | 15279 | 9147 | 625 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 7340 | 9274 | 6085 | 6641 | 5110 | 13325 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units | (300) |  |  |  |  | (1500) |
| &nbsp;&nbsp;&nbsp;Distributions | (1846) | (3685) | (9144) | (952) | (1833) | (3613) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (2146) | (3685) | (9144) | (952) | (1833) | (5113) |
| **Net change in cash** | 5194 | 5589 | (3058) | 5689 | 3277 | 8213 |
| **Cash at beginning of the period** | 664 | 17299 | 18305 | 360 | 1136 | 4598 |
| **Cash at end of of the period** | $5858 | $22889 | $15247 | $6048 | $4413 | $12810 |
| **Cash paid for income taxes** | $- | $- | $50 | $84 | $79 | $- |
| **Cash paid for interest expenses** | $5310 | $3839 | $- | $3493 | $3557 | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $219667 | $180884 | $- | $176574 | $179904 | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Wave** | **Weldon** | **Wellington** | **Wentworth** | **Wescott** | **Westchester** |
| **Cash flows from operating activities** | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(27053) | $(1386) | $(463) | $(314) | $(12163) | $(8166) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4596 | 2906 | 6241 | 3417 | 3765 | 4687 |
| &nbsp;&nbsp;&nbsp;Amortization | 41 | 30 |  | 57 | 58 | 46 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |
| (Increase) decrease in assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | (3293) | (2168) | (2395) | (1595) | (3440) | (3119) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (2011) | (1365) |  | (1124) | (800) | (1980) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2954) | (2032) | (2921) |  | (1779) | (3392) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 1231 | 1451 | 5522 | 1861 | 1514 | 2026 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 3293 | 2168 | 2395 | 1595 | 3440 | 3119 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 25550 | 612 | (6490) | 1957 | 7575 | 17744 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (602) | 215 | 1888 | 5853 | (1830) | 10965 |
| **Cash flows from financing activities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  |  | (700) |  |  |  |
| &nbsp;&nbsp;&nbsp;Distributions | (418) | (1470) | (8483) | (4049) | (1563) | (4001) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (418) | (1470) | (9183) | (4049) | (1563) | (4001) |
| **Net change in cash** | (1020) | (1255) | (7295) | 1804 | (3392) | 6964 |
| **Cash at beginning of the period** | 1332 | 5100 | 21206 | 11461 | 5493 | - |
| **Cash at end of of the period** | $312 | $3845 | $13910 | $13265 | $2101 | $6964 |
| **Cash paid for income taxes** | $- | $- | $250 | $- | $662 | $137 |
| **Cash paid for interest expenses** | $4380 | $2674 | $- | $3125 | $4145 | $4645 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $340000 |
| Acquisition of property | $- | $- | $- | $- | $- | $340000 |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $221759 | $134889 | $- | $155160 | $133016 | $196435 |
| Offering expenses | $- | $- | $- | $- | $- | $3640 |

---

**ARRIVED HOMES, LLC AND ITS SERIES** <br> **CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS (UNAUDITED)** <br> **FOR THE SIX MONTHS ENDED JUNE 30, 2024**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Wildwood** | **Willow** | **Wilson** | **Winchester** | **Windsor** | **Winston** | **Wisteria** | **Consolidated** |
| **Cash flows from operating activities** | | | | | | | | |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(1201) | $2615 | $(53) | $521 | $(4959) | $1161 | $(5519) | $(859372) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3031 | 4020 | 5861 | 4209 | 4809 | 4519 | 4867 | 1088121 |
| &nbsp;&nbsp;&nbsp;Amortization | 49 |  |  |  | 50 |  | 38 | 10533 |
| &nbsp;&nbsp;&nbsp;Credit loss expense (recovery) |  |  |  |  |  |  |  | (960) |
| (Increase) decrease in assets |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other receivables |  |  |  |  |  |  |  | (22394) |
| &nbsp;&nbsp;&nbsp;Deposits | (1945) |  | (2445) | (1895) | (4193) | (1795) | (3143) | (506848) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | (1436) | (222) | (61) | (426) | (3011) | (213) | (1579) | (286870) |
| &nbsp;&nbsp;&nbsp;Due from (to) third party property managers | (2221) | (2277) | (2528) | (1426) | (150) | (4604) | (2705) | (520780) |
| Increase (decrease) in liabilities |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 1848 | 7484 | 8900 | 4728 | 3063 | 5935 | 1705 | 917567 |
| &nbsp;&nbsp;&nbsp;Tenant deposits | 1945 |  | 2445 | 1895 | 4193 | 1795 | 3143 | 506848 |
| &nbsp;&nbsp;&nbsp;Due to (from) related parties | 2687 | 4669 | (7274) | (12280) | 5848 | 6810 | 534 | 714590 |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 2757 | 16289 | 4845 | (4673) | 5651 | 13608 | (2658) | 1040436 |
| **Cash flows from financing activities** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayments of amounts due to related party |  |  |  |  |  |  |  | (1373226) |
| &nbsp;&nbsp;&nbsp;Net proceeds from the issuance of membership units |  | (1600) | (100) |  |  | (1100) |  | 1198394 |
| &nbsp;&nbsp;&nbsp;Distributions | (2626) | (6015) | (7886) | (8167) | (4725) | (7122) | (1685) | (990663) |
| &nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (2626) | (7615) | (7986) | (8167) | (4725) | (8222) | (1685) | (1165495) |
| **Net change in cash** | 131 | 8675 | (3141) | (12840) | 926 | 5386 | (4344) | (125059) |
| **Cash at beginning of the period** | 8715 | 5756 | 16705 | 22928 | 4851 | 12303 | 10967 | 2531500 |
| **Cash at end of of the period** | $8846 | $14430 | $13564 | $10088 | $5776 | $17689 | $6623 | $2406441 |
| **Cash paid for income taxes** | $532 | $- | $- | $- | $109 | $- | $- | $47538 |
| **Cash paid for interest expenses** | $3074 | $- | $- | $- | $5311 | $- | $4966 | $578090 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- | $- | $1070000 |
| Acquisition of property | $- | $- | $- | $- | $- | $- | $- | $1070000 |
| Mortgage payable, net of capitalized loan costs for acquisition of property | $107263 | $- | $- | $- | $224777 | $- | $205344 | $23900670 |
| Offering expenses | $- | $- | $- | $- | $- | $- | $- | $12724 |

---

The accompanying notes are an integral part of these consolidated and consolidating financial statements.

**ARRIVED HOMES, LLC AND ITS SERIES<br> NOTES TO THE UNAUDITED CONSOLIDATED AND CONSOLIDATING FINANCIAL STATEMENTS**

**NOTE 1: NATURE OF OPERATIONS**

Arrived Homes, LLC (the "Company") is a Delaware Series limited liability company formed on July 13, 2020 under the laws of Delaware. Arrived Homes, LLC was formed to permit public investment in individual single family rental homes, each of which will be held by a separate property-owning subsidiary owned by a separate Series of limited liability interests, or "Series," that Arrived Fund Manager, LLC (the "Manager") established. As a Delaware Series limited liability company, the debts, liabilities, obligations, and expenses incurred, contracted for or otherwise existing with respect to a particular Series are segregated and enforceable only against the assets of such Series, as provided under Delaware law.

The following list represents each Arrived Homes, LLC's Series and each Series' wholly-owned limited liability company ("LLC"), which was used to acquire the Series' single family rental property, along with the date the Series was formed and the date the Series' LLC acquired the single family rental property as of June 30, 2025.

---

| | | | |
|:---|:---|:---|:---|
| **Series Name** | **State LLC Name and wholly owned subsidiary of the Series** | **Date Formed** | **Acquisition Date** |
| Arrived Homes Series 100, a Series of Arrived Homes, LLC (100) | Arrived TN 100, LLC | 4/11/2022 | 4/29/2022 |
| Arrived Homes Series 101, a Series of Arrived Homes, LLC (101) | Arrived TN 101, LLC | 5/10/2022 | 5/31/2022 |
| Arrived Homes Series Abbington, a Series of Arrived Homes, LLC (Abbington) | Arrived TN Abbington, LLC | 5/4/2022 | 5/12/2022 |
| Arrived Homes Series Abernant, a Series of Arrived Homes, LLC (Abernant) | Arrived Homes Series Abernant, a series of Arrived Homes, LLC | 7/24/2023 | 8/16/2023 |
| Arrived Homes Series Alvin, a Series of Arrived Homes, LLC (Alvin) | Arrived TN Alvin, LLC | 7/25/2023 | 8/30/2023 |
| Arrived Homes Series Amber, a Series of Arrived Homes, LLC (Amber) | Arrived NC Amber, LLC | 9/3/2021 | 9/30/2021 |
| Arrived Homes Series Apollo, a Series of Arrived Homes, LLC (Apollo) | Arrived Homes Series Apollo, a series of Arrived Homes, LLC | 5/3/2022 | 5/6/2022 |
| Arrived Homes Series Aster, a Series of Arrived Homes, LLC (Aster) | Arrived AR Aster, LLC | 6/15/2022 | 7/11/2022 |
| Arrived Homes Series Augusta, a Series of Arrived Homes, LLC (Augusta) | Arrived GA Augusta, LLC | 5/10/2023 | 5/25/2023 |
| Arrived Homes Series Avebury, a Series of Arrived Homes, LLC (Avebury) | Arrived AL Avebury, LLC | 2/4/2022 | 2/22/2022 |
| Arrived Homes Series Avondale, a Series of Arrived Homes, LLC (Avondale) | Arrived GA Avondale, LLC | 5/3/2023 | 5/23/2023 |
| Arrived Homes Series Badminton, a Series of Arrived Homes, LLC (Badminton) | Arrived SC Badminton, LLC | 5/21/2021 | 6/18/2021 |
| Arrived Homes Series Ballinger, a Series of Arrived Homes, LLC (Ballinger) | Arrived TN Ballinger, LLC | 7/25/2023 | 11/15/2023 |
| Arrived Homes Series Bandelier, a Series of Arrived Homes, LLC (Bandelier) | Arrived AZ Bandelier, LLC | 9/16/2021 | 10/27/2021 |
| Arrived Homes Series Baron, a Series of Arrived Homes, LLC (Baron) | Arrived CO Baron, LLC | 4/29/2022 | 5/10/2022 |
| Arrived Homes Series Basil, a Series of Arrived Homes, LLC (Basil) | Arrived SC Basil, LLC | 6/1/2021 | 6/25/2021 |
| Arrived Homes Series Bayside, a Series of Arrived Homes, LLC (Bayside) | Arrived SC Bayside, LLC | 6/15/2021 | 7/16/2021 |
| Arrived Homes Series Bazzel, a Series of Arrived Homes, LLC (Bazzel) | Arrived SC Bazzel, LLC | 5/12/2022 | 6/10/2022 |
| Arrived Homes Series Bedford, a Series of Arrived Homes, LLC (Bedford) | Arrived SC Bedford, LLC | 12/28/2021 | 2/28/2022 |
| Arrived Homes Series Bella, a Series of Arrived Homes, LLC (Bella) | Arrived VA Bella, LLC | 5/15/2023 | 6/7/2023 |
| Arrived Homes Series Belle, a Series of Arrived Homes, LLC (Belle) | Arrived Homes Series Belle, a series of Arrived Homes, LLC | 5/31/2022 | 6/10/2022 |
| Arrived Homes Series Belvedere, a Series of Arrived Homes, LLC (Belvedere) | Arrived GA Belvedere, LLC | 5/4/2023 | 5/16/2023 |
| Arrived Homes Series Bergenia, a Series of Arrived Homes, LLC (Bergenia) | Arrived Homes Series Bergenia, a series of Arrived Homes, LLC | 7/5/2023 | 7/12/2023 |
| Arrived Homes Series Blossom, a Series of Arrived Homes, LLC (Blossom) | Arrived AR Blossom, LLC | 6/15/2022 | 7/25/2022 |
| Arrived Homes Series Bonneau, a Series of Arrived Homes, LLC (Bonneau) | Arrived SC Bonneau, LLC | 6/6/2022 | 7/21/2022 |
| Arrived Homes Series Brainerd, a Series of Arrived Homes, LLC (Brainerd) | Arrived TN Brainerd, LLC | 10/27/2022 | 11/9/2022 |
| Arrived Homes Series Braxton, a Series of Arrived Homes, LLC (Braxton) | Arrived KY Braxton, LLC | 6/17/2022 | 7/8/2022 |
| Arrived Homes Series Brennan, a Series of Arrived Homes, LLC (Brennan) | Arrived AL Brennan, LLC | 4/14/2022 | 4/25/2022 |
| Arrived Homes Series Briarwood, a Series of Arrived Homes, LLC (Briarwood) | Arrived AR Briarwood, LLC | 7/5/2023 | 8/10/2023 |

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| | | | |
|:---|:---|:---|:---|
| **Series Name** | **State LLC Name and wholly owned subsidiary of the Series** | **Date Formed** | **Acquisition Date** |
| Arrived Homes Series Brooklyn, a Series of Arrived Homes, LLC (Brooklyn) | Arrived Homes Series Brooklyn, a series of Arrived Homes, LLC | 10/27/2022 | 11/15/2022 |
| Arrived Homes Series Burlington, a Series of Arrived Homes, LLC (Burlington) | Arrived CO Burlington, LLC | 5/3/2022 | 5/12/2022 |
| Arrived Homes Series Butter, a Series of Arrived Homes, LLC (Butter) | Arrived SC Butter, LLC | 9/1/2021 | 11/18/2021 |
| Arrived Homes Series Calvin, a Series of Arrived Homes, LLC (Calvin) | Arrived VA Calvin, LLC | 7/7/2023 | 7/27/2023 |
| Arrived Homes Series Camino, a Series of Arrived Homes, LLC (Camino) | Arrived Homes Series Camino, a series of Arrived Homes, LLC | 6/22/2022 | 7/8/2022 |
| Arrived Homes Series Cawley, a Series of Arrived Homes, LLC (Cawley) | Arrived GA Cawley, LLC | 5/23/2023 | 6/7/2023 |
| Arrived Homes Series Chaparral, a Series of Arrived Homes, LLC (Chaparral) | Arrived AR Chaparral, LLC | 1/4/2021 | 1/14/2021 |
| Arrived Homes Series Chelsea, a Series of Arrived Homes, LLC (Chelsea) | Arrived AL Chelsea, LLC | 2/7/2022 | 2/24/2022 |
| Arrived Homes Series Chester, a Series of Arrived Homes, LLC (Chester) | Arrived TN Chester, LLC | 6/22/2022 | 7/11/2022 |
| Arrived Homes Series Chickamauga, a Series of Arrived Homes, LLC (Chickamauga) | Arrived TN Chickamauga, LLC | 10/27/2022 | 11/14/2022 |
| Arrived Homes Series Chinook, a Series of Arrived Homes, LLC (Chinook) | Arrived GA Chinook, LLC | 5/23/2023 | 6/7/2023 |
| Arrived Homes Series Chitwood, a Series of Arrived Homes, LLC (Chitwood) | Arrived OH Chitwood, LLC | 5/26/2022 | 6/9/2022 |
| Arrived Homes Series Clover, a Series of Arrived Homes, LLC (Clover) | Arrived Homes Series Clover, a series of Arrived Homes, LLC | 5/24/2022 | 6/6/2022 |
| Arrived Homes Series Coatbridge, a Series of Arrived Homes, LLC (Coatbridge) | Arrived SC Coatbridge, LLC | 6/15/2021 | 7/1/2021 |
| Arrived Homes Series Collier, a Series of Arrived Homes, LLC (Collier) | Arrived TN Collier, LLC | 5/31/2022 | 6/17/2022 |
| Arrived Homes Series Collinston, a Series of Arrived Homes, LLC (Collinston) | Arrived NC Collinston, LLC | 8/11/2021 | 9/17/2021 |
| Arrived Homes Series Conway, a Series of Arrived Homes, LLC (Conway) | Arrived TN Conway, LLC | 5/31/2022 | 7/14/2022 |
| Arrived Homes Series Cove, a Series of Arrived Homes, LLC (Cove) | Arrived Homes Series Cove, a series of Arrived Homes, LLC | 12/8/2022 | 3/23/2023 |
| Arrived Homes Series Creekside, a Series of Arrived Homes, LLC (Creekside) | Arrived AR Creekside, LLC | 6/15/2022 | 6/22/2022 |
| Arrived Homes Series Creekwood, a Series of Arrived Homes, LLC (Creekwood) | Arrived Homes Series Creekwood, a series of Arrived Homes, LLC | 6/22/2022 | 7/11/2022 |
| Arrived Homes Series Cumberland, a Series of Arrived Homes, LLC (Cumberland) | Arrived TN Cumberland, LLC | 6/7/2022 | 7/6/2022 |
| Arrived Homes Series Cupcake, a Series of Arrived Homes, LLC (Cupcake) | Arrived AR Cupcake LLC | 5/23/2021 | 9/24/2021 |
| Arrived Homes Series Cypress, a Series of Arrived Homes, LLC (Cypress) | Arrived GA Cypress, LLC | 6/22/2022 | 7/15/2022 |
| Arrived Homes Series Daisy, a Series of Arrived Homes, LLC (Daisy) | Arrived AR Daisy, LLC | 6/15/2022 | 6/20/2022 |
| Arrived Homes Series Davidson, a Series of Arrived Homes, LLC (Davidson) | Arrived NC Davidson LLC | 7/22/2021 | 10/1/2021 |
| Arrived Homes Series Dawson, a Series of Arrived Homes, LLC (Dawson) | Arrived SC Dawson, LLC | 6/15/2021 | 7/6/2021 |
| Arrived Homes Series Delta, a Series of Arrived Homes, LLC (Delta) | Arrived GA Delta, LLC | 12/29/2021 | 1/26/2022 |
| Arrived Homes Series Dewberry, a Series of Arrived Homes, LLC (Dewberry) | Arrived SC Dewberry, LLC | 5/21/2021 | 6/29/2021 |
| Arrived Homes Series Diablo, a Series of Arrived Homes, LLC (Diablo) | Arrived AZ Diablo, LLC | 11/29/2021 | 12/27/2021 |

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| | | | |
|:---|:---|:---|:---|
| **Series Name** | **State LLC Name and wholly owned subsidiary of the Series** | **Date Formed** | **Acquisition Date** |
| Arrived Homes Series Dogwood, a Series of Arrived Homes, LLC (Dogwood) | Arrived Homes Series Dogwood, a series of Arrived Homes, LLC | 5/31/2022 | 6/6/2022 |
| Arrived Homes Series Dolittle, a Series of Arrived Homes, LLC (Dolittle) | Arrived SC Dolittle, LLC | 9/1/2021 | 11/10/2021 |
| Arrived Homes Series Dolly, a Series of Arrived Homes, LLC (Dolly) | Arrived TN Dolly, LLC | 6/13/2022 | 6/24/2022 |
| Arrived Homes Series Dops, a Series of Arrived Homes, LLC (Dops) | Arrived Homes Series Dops, a series of Arrived Homes, LLC | 11/29/2022 | 12/15/2022 |
| Arrived Homes Series Dorchester, a Series of Arrived Homes, LLC (Dorchester) | Arrived SC Dorchester, LLC | 5/31/2022 | 6/10/2022 |
| Arrived Homes Series Dunbar, a Series of Arrived Homes, LLC (Dunbar) | Arrived TN Dunbar, LLC | 5/19/2022 | 5/31/2022 |
| Arrived Homes Series Eagle, a Series of Arrived Homes, LLC (Eagle) | Arrived AR Eagle, LLC | 6/24/2022 | 8/5/2022 |
| Arrived Homes Series Eastfair, a Series of Arrived Homes, LLC (Eastfair) | Arrived SC Eastfair, LLC | 5/21/2021 | 6/9/2021 |
| Arrived Homes Series Eastwood, a Series of Arrived Homes, LLC (Eastwood) | Arrived TN Eastwood, LLC | 7/25/2023 | 8/30/2023 |
| Arrived Homes Series Elevation, a Series of Arrived Homes, LLC (Elevation) | Arrived SC Elevation, LLC | 7/7/2021 | 7/21/2021 |
| Arrived Homes Series Ella, a Series of Arrived Homes, LLC (Ella) | Arrived TN Ella, LLC | 1/10/2023 | 1/31/2023 |
| Arrived Homes Series Ellen, a Series of Arrived Homes, LLC (Ellen) | Arrived IN Ellen, LLC | 5/24/2023 | 7/12/2023 |
| Arrived Homes Series Elm, a Series of Arrived Homes, LLC (Elm) | Arrived SC Elm, LLC | 6/15/2021 | 8/16/2021 |
| Arrived Homes Series Emporia, a Series of Arrived Homes, LLC (Emporia) | Arrived GA Emporia, LLC | 1/7/2022 | 1/27/2022 |
| Arrived Homes Series Ensenada, a Series of Arrived Homes, LLC (Ensenada) | Arrived CO Ensenada, LLC | 9/28/2021 | 10/15/2021 |
| Arrived Homes Series Falcon, a Series of Arrived Homes, LLC (Falcon) | Arrived AR Falcon, LLC | 6/24/2022 | 9/9/2022 |
| Arrived Homes Series Felix, a Series of Arrived Homes, LLC (Felix) | Arrived NC Felix, LLC | 5/24/2023 | 6/7/2023 |
| Arrived Homes Series Fenwick, a Series of Arrived Homes, LLC (Fenwick) | Arrived GA Fenwick, LLC | 5/8/2023 | 5/31/2023 |
| Arrived Homes Series Fletcher, a Series of Arrived Homes, LLC (Fletcher) | Arrived AR Fletcher, LLC | 7/5/2023 | 7/26/2023 |
| Arrived Homes Series Folly, a Series of Arrived Homes, LLC (Folly) | Arrived SC Folly, LLC | 5/31/2022 | 6/8/2022 |
| Arrived Homes Series Forest, a Series of Arrived Homes, LLC (Forest) | Arrived SC Forest, LLC | 6/28/2021 | 7/26/2021 |
| Arrived Homes Series Foster, a Series of Arrived Homes, LLC (Foster) | Arrived OH Foster, LLC | 5/19/2023 | 5/31/2023 |
| Arrived Homes Series Franklin, a Series of Arrived Homes, LLC (Franklin) | Arrived IN Franklin, LLC | 5/24/2023 | 6/14/2023 |
| Arrived Homes Series Gardens, a Series of Arrived Homes, LLC (Gardens) | Arrived Homes Series Gardens, a series of Arrived Homes, LLC | 3/17/2022 | 3/23/2022 |
| Arrived Homes Series General, a Series of Arrived Homes, LLC (General) | Arrived VA General, LLC | 5/25/2023 | 6/7/2023 |
| Arrived Homes Series Goose, a Series of Arrived Homes, LLC (Goose) | Arrived AR Goose, LLC | 6/24/2022 | 8/5/2022 |
| Arrived Homes Series Grant, a Series of Arrived Homes, LLC (Grant) | Arrived GA Grant, LLC | 10/1/2021 | 10/29/2021 |
| Arrived Homes Series Greenhill, a Series of Arrived Homes, LLC (Greenhill) | Arrived SC Greenhill, LLC | 11/17/2021 | 1/11/2022 |

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| | | | |
|:---|:---|:---|:---|
| **Series Name** | **State LLC Name and wholly owned subsidiary of the Series** | **Date Formed** | **Acquisition Date** |
| Arrived Homes Series Gretal, a Series of Arrived Homes, LLC (Gretal) | Arrived TN Gretal, LLC | 7/20/2022 | 9/29/2022 |
| Arrived Homes Series Grove, a Series of Arrived Homes, LLC (Grove) | Arrived Homes Series Grove, a series of Arrived Homes, LLC | 4/20/2022 | 3/29/2022 |
| Arrived Homes Series Hadden, a Series of Arrived Homes, LLC (Hadden) | Arrived SC Hadden, LLC | 12/29/2021 | 1/31/2022 |
| Arrived Homes Series Hansard, a Series of Arrived Homes, LLC (Hansard) | Arrived TN Hansard, LLC | 12/9/2022 | 12/28/2022 |
| Arrived Homes Series Hansel, a Series of Arrived Homes, LLC (Hansel) | Arrived TN Hansel, LLC | 7/20/2022 | 8/26/2022 |
| Arrived Homes Series Hargrave, a Series of Arrived Homes, LLC (Hargrave) | Arrived VA Hargrave, LLC | 7/7/2023 | 7/27/2023 |
| Arrived Homes Series Harrison, a Series of Arrived Homes, LLC (Harrison) | Arrived TN Harrison, LLC | 6/22/2022 | 7/8/2022 |
| Arrived Homes Series Henry, a Series of Arrived Homes, LLC (Henry) | Arrived GA Henry, LLC | 6/6/2022 | 6/16/2022 |
| Arrived Homes Series Heritage, a Series of Arrived Homes, LLC (Heritage) | Arrived Homes Series Heritage, a series of Arrived Homes, LLC | 4/12/2022 | 4/13/2022 |
| Arrived Homes Series Heron, a Series of Arrived Homes, LLC (Heron) | Arrived SC Heron, LLC | 6/30/2022 | 4/22/2022 |
| Arrived Homes Series Highland, a Series of Arrived Homes, LLC (Highland) | Arrived SC Highland, LLC | 6/14/2022 | 6/24/2022 |
| Arrived Homes Series Hines, a Series of Arrived Homes, LLC (Hines) | Arrived TN Hines, LLC | 5/18/2022 | 5/27/2022 |
| Arrived Homes Series Hobbes, a Series of Arrived Homes, LLC (Hobbes) | Arrived VA Hobbes, LLC | 7/7/2023 | 7/27/2023 |
| Arrived Homes Series Holcomb, a Series of Arrived Homes, LLC (Holcomb) | Arrived Homes Series Holcomb, a series of Arrived Homes, LLC | 5/3/2022 | 5/27/2022 |
| Arrived Homes Series Holland, a Series of Arrived Homes, LLC (Holland) | Arrived NC Holland LLC | 7/22/2021 | 9/29/2021 |
| Arrived Homes Series Hollandaise, a Series of Arrived Homes, LLC (Hollandaise) | Arrived TN Hollandaise, LLC | 1/20/2022 | 2/3/2022 |
| Arrived Homes Series Holloway, a Series of Arrived Homes, LLC (Holloway) | Arrived SC Holloway, LLC | 5/21/2021 | 6/16/2021 |
| Arrived Homes Series Inglewood, a Series of Arrived Homes, LLC (Inglewood) | Arrived TN Inglewood, LLC | 6/22/2022 | 7/12/2022 |
| Arrived Homes Series Irene, a Series of Arrived Homes, LLC (Irene) | Arrived AR Irene, LLC | 7/5/2023 | 7/26/2023 |
| Arrived Homes Series Jack, a Series of Arrived Homes, LLC (Jack) | Arrived TN Jack, LLC | 4/26/2022 | 3/22/2022 |
| Arrived Homes Series Jake, a Series of Arrived Homes, LLC (Jake) | Arrived CO Jake, LLC | 5/10/2022 | 5/24/2022 |
| Arrived Homes Series Jefferson, a Series of Arrived Homes, LLC (Jefferson) | Arrived TN Jefferson, LLC | 12/9/2022 | 12/28/2022 |
| Arrived Homes Series Jill, a Series of Arrived Homes, LLC (Jill) | Arrived TN Jill, LLC | 5/12/2022 | 7/27/2022 |
| Arrived Homes Series Johnny, a Series of Arrived Homes, LLC (Johnny) | Arrived TN Johnny, LLC | 5/10/2022 | 6/15/2022 |
| Arrived Homes Series June, a Series of Arrived Homes, LLC (June) | Arrived TN June, LLC | 5/10/2022 | 6/15/2022 |
| Arrived Homes Series Jupiter, a Series of Arrived Homes, LLC (Jupiter) | Arrived NC Jupiter LLC | 7/21/2021 | 9/14/2021 |
| Arrived Homes Series Kawana, a Series of Arrived Homes, LLC (Kawana) | Arrived AL Kawana, LLC | 1/20/2022 | 2/11/2022 |
| Arrived Homes Series Kennesaw, a Series of Arrived Homes, LLC (Kennesaw) | Arrived Homes Series Kennesaw, a series of Arrived Homes, LLC | 5/18/2022 | 6/9/2022 |
| Arrived Homes Series Kenny, a Series of Arrived Homes, LLC (Kenny) | Arrived TN Kenny, LLC | 6/21/2022 | 6/24/2022 |
| Arrived Homes Series KerriAnn, a Series of Arrived Homes, LLC (KerriAnn) | Arrived NC KerriAnn, LLC | 10/4/2021 | 10/28/2021 |

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| | | | |
|:---|:---|:---|:---|
| **Series Name** | **State LLC Name and wholly owned subsidiary of the Series** | **Date Formed** | **Acquisition Date** |
| Arrived Homes Series Kessler, a Series of Arrived Homes, LLC (Kessler) | Arrived AR Kessler, LLC | 6/15/2022 | 6/22/2022 |
| Arrived Homes Series Kingsley, a Series of Arrived Homes, LLC (Kingsley) | Arrived SC Kingsley, LLC | 5/21/2021 | 6/1/2021 |
| Arrived Homes Series Kirkwood, a Series of Arrived Homes, LLC (Kirkwood) | Arrived TN Kirkwood, LLC | 4/10/2022 | 4/22/2022 |
| Arrived Homes Series Korin, a Series of Arrived Homes, LLC (Korin) | Arrived AR Korin, LLC | 11/8/2022 | 11/29/2022 |
| Arrived Homes Series Lallie, a Series of Arrived Homes, LLC (Lallie) | Arrived SC Lallie, LLC | 6/1/2021 | 6/18/2021 |
| Arrived Homes Series Lanier, a Series of Arrived Homes, LLC (Lanier) | Arrived Homes Series Lanier, a series of Arrived Homes, LLC | 4/12/2022 | 4/8/2022 |
| Arrived Homes Series Lannister, a Series of Arrived Homes, LLC (Lannister) | Arrived Homes Series Lannister, a series of Arrived Homes, LLC | 5/3/2022 | 5/19/2022 |
| Arrived Homes Series Latte, a Series of Arrived Homes, LLC (Latte) | Arrived Homes Series Latte, a series of Arrived Homes, LLC | 5/18/2022 | 6/1/2022 |
| Arrived Homes Series Lennox, a Series of Arrived Homes, LLC (Lennox) | Arrived SC Lennox, LLC | 6/15/2021 | 7/1/2021 |
| Arrived Homes Series Lierly, a Series of Arrived Homes, LLC (Lierly) | Arrived AR Lierly, LLC | 12/15/2020 | 1/21/2021 |
| Arrived Homes Series Lily, a Series of Arrived Homes, LLC (Lily) | Arrived CO Lily, LLC | 9/2/2021 | 10/1/2021 |
| Arrived Homes Series Limestone, a Series of Arrived Homes, LLC (Limestone) | Arrived SC Limestone LLC | 7/21/2021 | 9/23/2021 |
| Arrived Homes Series Litton, a Series of Arrived Homes, LLC (Litton) | Arrived TN Litton, LLC | 10/27/2022 | 11/14/2022 |
| Arrived Homes Series Longwoods, a Series of Arrived Homes, LLC (Longwoods) | Arrived GA Longwoods, LLC | 5/5/2023 | 5/24/2023 |
| Arrived Homes Series Lookout, a Series of Arrived Homes, LLC (Lookout) | Arrived TN Lookout, LLC | 5/19/2022 | 5/31/2022 |
| Arrived Homes Series Loretta, a Series of Arrived Homes, LLC (Loretta) | Arrived TN Loretta, LLC | 5/31/2022 | 7/15/2022 |
| Arrived Homes Series Louis, a Series of Arrived Homes, LLC (Louis) | Arrived MO Louis, LLC | 5/8/2023 | 5/10/2023 |
| Arrived Homes Series Louise, a Series of Arrived Homes, LLC (Louise) | Arrived Homes Series Louise, a series of Arrived Homes, LLC | 3/8/2022 | 3/17/2022 |
| Arrived Homes Series Lovejoy, a Series of Arrived Homes, LLC (Lovejoy) | Arrived GA Lovejoy, LLC | 1/7/2022 | 2/3/2022 |
| Arrived Homes Series Luna, a Series of Arrived Homes, LLC (Luna) | Arrived SC Luna, LLC | 5/21/2021 | 6/14/2021 |
| Arrived Homes Series Lurleen, a Series of Arrived Homes, LLC (Lurleen) | Arrived Homes Series Lurleen, a series of Arrived Homes, LLC | 10/27/2022 | 12/5/2022 |
| Arrived Homes Series Madison, a Series of Arrived Homes, LLC (Madison) | Arrived Homes Series Madison, a series of Arrived Homes, LLC | 12/29/2022 | 5/6/2022 |
| Arrived Homes Series Mae, a Series of Arrived Homes, LLC (Mae) | Arrived SC Mae, LLC | 6/6/2022 | 6/22/2022 |
| Arrived Homes Series Magnolia, a Series of Arrived Homes, LLC (Magnolia) | Arrived GA Magnolia, LLC | 4/12/2022 | 4/26/2022 |
| Arrived Homes Series Malbec, a Series of Arrived Homes, LLC (Malbec) | Arrived AR Malbec, LLC | 4/26/2021 | 5/13/2021 |
| Arrived Homes Series Mammoth, a Series of Arrived Homes, LLC (Mammoth) | Arrived Homes Series Mammoth, a series of Arrived Homes, LLC | 4/12/2022 | 3/31/2022 |
| Arrived Homes Series Marcelo, a Series of Arrived Homes, LLC (Marcelo) | Arrived KY Marcelo, LLC | 6/17/2022 | 7/29/2022 |
| Arrived Homes Series Marie, a Series of Arrived Homes, LLC (Marie) | Arrived TN Marie, LLC | 12/9/2022 | 12/28/2022 |
| Arrived Homes Series Marietta, a Series of Arrived Homes, LLC (Marietta) | Arrived SC Marietta, LLC | 6/28/2022 | 6/30/2022 |
| Arrived Homes Series Marion, a Series of Arrived Homes, LLC (Marion) | Arrived GA Marion, LLC | 4/21/2023 | 5/25/2023 |
| Arrived Homes Series Marple, a Series of Arrived Homes, LLC (Marple) | Arrived AR Marple, LLC | 5/5/2023 | 5/31/2023 |
| Arrived Homes Series Martell, a Series of Arrived Homes, LLC (Martell) | Arrived GA Martell, LLC | 4/27/2023 | 5/17/2023 |
| Arrived Homes Series Mary, a Series of Arrived Homes, LLC (Mary) | Arrived TN Mary, LLC | 3/1/2023 | 5/31/2023 |

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| | | | |
|:---|:---|:---|:---|
| **Series Name** | **State LLC Name and wholly owned subsidiary of the Series** | **Date Formed** | **Acquisition Date** |
| Arrived Homes Series Matchingham, a Series of Arrived Homes, LLC (Matchingham) | Arrived SC Matchingham, LLC | 8/10/2021 | 10/22/2021 |
| Arrived Homes Series McGregor, a Series of Arrived Homes, LLC (McGregor) | Arrived TN McGregor, LLC | 4/10/2022 | 4/14/2022 |
| Arrived Homes Series McLovin, a Series of Arrived Homes, LLC (McLovin) | Arrived CO McLovin, LLC | 11/12/2021 | 12/3/2021 |
| Arrived Homes Series Meadow, a Series of Arrived Homes, LLC (Meadow) | Arrived NC Meadow, LLC | 8/27/2021 | 9/28/2021 |
| Arrived Homes Series Mimosa, a Series of Arrived Homes, LLC (Mimosa) | Arrived Homes Series Mimosa, a series of Arrived Homes, LLC | 9/2/2022 | 9/23/2022 |
| Arrived Homes Series Mojave, a Series of Arrived Homes, LLC (Mojave) | Arrived AR Mojave LLC | 5/23/2021 | 9/24/2021 |
| Arrived Homes Series Murphy, a Series of Arrived Homes, LLC (Murphy) | Arrived SC Murphy, LLC | 9/1/2021 | 11/10/2021 |
| Arrived Homes Series Mycroft, a Series of Arrived Homes, LLC (Mycroft) | Arrived AR Mycroft, LLC | 4/27/2023 | 5/31/2023 |
| Arrived Homes Series Nugget, a Series of Arrived Homes, LLC (Nugget) | Arrived CO Nugget, LLC | 4/29/2022 | 5/20/2022 |
| Arrived Homes Series Odessa, a Series of Arrived Homes, LLC (Odessa) | Arrived CO Odessa, LLC | 9/2/2021 | 9/30/2021 |
| Arrived Homes Series Olive, a Series of Arrived Homes, LLC (Olive) | Arrived SC Olive, LLC | 6/15/2021 | 7/27/2021 |
| Arrived Homes Series Oly, a Series of Arrived Homes, LLC (Oly) | Arrived CO Oly, LLC | 11/12/2021 | 11/30/2021 |
| Arrived Homes Series Onyx, a Series of Arrived Homes, LLC (Onyx) | Arrived TN Onyx, LLC | 5/22/2023 | 5/31/2023 |
| Arrived Homes Series Oscar, a Series of Arrived Homes, LLC (Oscar) | Arrived NC Oscar, LLC | 5/24/2023 | 6/28/2023 |
| Arrived Homes Series Osceola, a Series of Arrived Homes, LLC (Osceola) | Arrived FL Osceola, LLC | 5/4/2023 | 5/23/2023 |
| Arrived Homes Series Osprey, a Series of Arrived Homes, LLC (Osprey) | Arrived SC Osprey, LLC | 4/29/2022 | 6/3/2022 |
| Arrived Homes Series Otoro, a Series of Arrived Homes, LLC (Otoro) | Arrived GA Otoro, LLC | 2/2/2022 | 3/21/2022 |
| Arrived Homes Series Palmer, a Series of Arrived Homes, LLC (Palmer) | Arrived GA Palmer, LLC | 5/23/2023 | 6/7/2023 |
| Arrived Homes Series Patrick, a Series of Arrived Homes, LLC (Patrick) | Arrived AR Patrick, LLC | 1/4/2021 | 2/1/2021 |
| Arrived Homes Series Peanut, a Series of Arrived Homes, LLC (Peanut) | Arrived Homes Series Peanut, a series of Arrived Homes, LLC | 3/8/2022 | 3/22/2022 |
| Arrived Homes Series Pearl, a Series of Arrived Homes, LLC (Pearl) | Arrived TN Pearl, LLC | 5/2/2022 | 5/13/2022 |
| Arrived Homes Series Pecan, a Series of Arrived Homes, LLC (Pecan) | Arrived AR Pecan, LLC | 1/4/2021 | 2/1/2021 |
| Arrived Homes Series Peterson, a Series of Arrived Homes, LLC (Peterson) | Arrived Homes Series Peterson, a series of Arrived Homes, LLC | 7/24/2023 | 8/3/2023 |
| Arrived Homes Series Piedmont, a Series of Arrived Homes, LLC (Piedmont) | Arrived GA Piedmont, LLC | 6/22/2022 | 6/29/2022 |
| Arrived Homes Series Pinot, a Series of Arrived Homes, LLC (Pinot) | Arrived AR Pinot, LLC | 4/26/2021 | 5/13/2021 |
| Arrived Homes Series Pioneer, a Series of Arrived Homes, LLC (Pioneer) | Arrived CO Pioneer, LLC | 5/16/2022 | 6/7/2022 |
| Arrived Homes Series Plumtree, a Series of Arrived Homes, LLC (Plumtree) | Arrived AR Plumtree, LLC | 12/15/2020 | 1/4/2021 |
| Arrived Homes Series Point, a Series of Arrived Homes, LLC (Point) | Arrived TN Point, LLC | 4/26/2022 | 4/5/2022 |
| Arrived Homes Series Porthos, a Series of Arrived Homes, LLC (Porthos) | Arrived GA Porthos, LLC | 5/8/2023 | 6/14/2023 |
| Arrived Homes Series Quincy, a Series of Arrived Homes, LLC (Quincy) | Arrived CO Quincy, LLC | 6/6/2022 | 6/28/2022 |
| Arrived Homes Series Redondo, a Series of Arrived Homes, LLC (Redondo) | Arrived NM Redondo, LLC | 9/22/2022 | 10/31/2022 |
| Arrived Homes Series Regency, a Series of Arrived Homes, LLC (Regency) | Arrived OH Regency, LLC | 12/1/2022 | 12/21/2022 |
| Arrived Homes Series Reginald, a Series of Arrived Homes, LLC (Reginald) | Arrived GA Reginald, LLC | 6/22/2022 | 7/5/2022 |

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| | | | |
|:---|:---|:---|:---|
| **Series Name** | **State LLC Name and wholly owned subsidiary of the Series** | **Date Formed** | **Acquisition Date** |
| Arrived Homes Series Reynolds, a Series of Arrived Homes, LLC (Reynolds) | Arrived Homes Series Reynolds, a series of Arrived Homes, LLC | 5/18/2022 | 6/2/2022 |
| Arrived Homes Series Ribbonwalk, a Series of Arrived Homes, LLC (Ribbonwalk) | Arrived NC Ribbonwalk, LLC | 9/30/2021 | 10/28/2021 |
| Arrived Homes Series Richardson, a Series of Arrived Homes, LLC (Richardson) | Arrived AR Richardson, LLC | 6/23/2022 | 7/8/2022 |
| Arrived Homes Series Richmond, a Series of Arrived Homes, LLC (Richmond) | Arrived VA Richmond, LLC | 7/20/2023 | 8/2/2023 |
| Arrived Homes Series Ridge, a Series of Arrived Homes, LLC (Ridge) | Arrived SC Ridge, LLC | 6/15/2021 | 7/9/2021 |
| Arrived Homes Series Ritter, a Series of Arrived Homes, LLC (Ritter) | Arrived CO Ritter, LLC | 5/11/2022 | 5/27/2022 |
| Arrived Homes Series River, a Series of Arrived Homes, LLC (River) | Arrived SC River, LLC | 6/15/2021 | 7/30/2021 |
| Arrived Homes Series Riverwalk, a Series of Arrived Homes, LLC (Riverwalk) | Arrived TN Riverwalk, LLC | 5/27/2022 | 6/13/2022 |
| Arrived Homes Series Rooney, a Series of Arrived Homes, LLC (Rooney) | Arrived AZ Rooney, LLC | 9/13/2021 | 10/13/2021 |
| Arrived Homes Series Roseberry, a Series of Arrived Homes, LLC (Roseberry) | Arrived SC Roseberry, LLC | 6/15/2021 | 8/2/2021 |
| Arrived Homes Series Rosewood, a Series of Arrived Homes, LLC (Rosewood) | Arrived Homes Series Rosewood, a series of Arrived Homes, LLC | 4/20/2022 | 4/18/2022 |
| Arrived Homes Series Roxy, a Series of Arrived Homes, LLC (Roxy) | Arrived TN Roxy, LLC | 4/26/2022 | 4/7/2022 |
| Arrived Homes Series Saddlebred, a Series of Arrived Homes, LLC (Saddlebred) | Arrived CO Saddlebred, LLC | 9/16/2021 | 10/1/2021 |
| Arrived Homes Series Saint, a Series of Arrived Homes, LLC (Saint) | Arrived AZ Saint, LLC | 9/27/2021 | 1/13/2022 |
| Arrived Homes Series Sajni, a Series of Arrived Homes, LLC (Sajni) | Arrived GA Sajni, LLC | 12/15/2022 | 1/24/2023 |
| Arrived Homes Series Salem, a Series of Arrived Homes, LLC (Salem) | Arrived AR Salem, LLC | 4/26/2021 | 5/13/2021 |
| Arrived Homes Series Salinas, a Series of Arrived Homes, LLC (Salinas) | Arrived NM Salinas, LLC | 12/9/2022 | 1/13/2023 |
| Arrived Homes Series Saturn, a Series of Arrived Homes, LLC (Saturn) | Arrived NC Saturn, LLC | 8/11/2021 | 8/31/2021 |
| Arrived Homes Series Scepter, a Series of Arrived Homes, LLC (Scepter) | Arrived AZ Scepter, LLC | 9/20/2021 | 10/13/2021 |
| Arrived Homes Series Sequoyah, a Series of Arrived Homes, LLC (Sequoyah) | Arrived AR Sequoyah, LLC | 10/27/2022 | 11/9/2022 |
| Arrived Homes Series Shallowford, a Series of Arrived Homes, LLC (Shallowford) | Arrived TN Shallowford, LLC | 6/22/2022 | 7/12/2022 |
| Arrived Homes Series Shoreline, a Series of Arrived Homes, LLC (Shoreline) | Arrived SC Shoreline, LLC | 5/21/2021 | 6/18/2021 |
| Arrived Homes Series Sigma, a Series of Arrived Homes, LLC (Sigma) | Arrived NC Sigma, LLC | 11/24/2021 | 12/17/2021 |
| Arrived Homes Series Simon, a Series of Arrived Homes, LLC (Simon) | Arrived TN Simon, LLC | 6/1/2023 | 6/14/2023 |
| Arrived Homes Series Sims, a Series of Arrived Homes, LLC (Sims) | Arrived GA Sims, LLC | 5/17/2023 | 5/31/2023 |
| Arrived Homes Series Soapstone, a Series of Arrived Homes, LLC (Soapstone) | Arrived AR Soapstone, LLC | 12/15/2020 | 10/11/2019 |
| Arrived Homes Series Sodalis, a Series of Arrived Homes, LLC (Sodalis) | Arrived IN Sodalis, LLC | 6/7/2022 | 6/27/2022 |
| Arrived Homes Series Spencer, a Series of Arrived Homes, LLC (Spencer) | Arrived SC Spencer, LLC | 6/1/2021 | 6/22/2021 |
| Arrived Homes Series Splash, a Series of Arrived Homes, LLC (Splash) | Arrived AR Splash, LLC | 4/26/2021 | 5/3/2021 |
| Arrived Homes Series Spring, a Series of Arrived Homes, LLC (Spring) | Arrived SC Spring, LLC | 5/23/2022 | 6/30/2022 |
| Arrived Homes Series Stonebriar, a Series of Arrived Homes, LLC (Stonebriar) | Arrived Homes Series Stonebriar, a series of Arrived Homes, LLC | 4/20/2022 | 4/18/2022 |
| Arrived Homes Series Sugar, a Series of Arrived Homes, LLC (Sugar) | Arrived SC Sugar, LLC | 6/15/2021 | 7/7/2021 |
| Arrived Homes Series Summerset, a Series of Arrived Homes, LLC (Summerset) | Arrived SC Summerset, LLC | 6/1/2021 | 6/21/2021 |

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| | | | |
|:---|:---|:---|:---|
| **Series Name** | **State LLC Name and wholly owned subsidiary of the Series** | **Date Formed** | **Acquisition Date** |
| Arrived Homes Series Sundance, a Series of Arrived Homes, LLC (Sundance) | Arrived NM Sundance, LLC | 9/26/2022 | 10/14/2022 |
| Arrived Homes Series Sunnyside, a Series of Arrived Homes, LLC (Sunnyside) | Arrived Homes Series Sunnyside, a series of Arrived Homes, LLC | 11/16/2022 | 12/20/2022 |
| Arrived Homes Series Swift, a Series of Arrived Homes, LLC (Swift) | Arrived GA Swift, LLC | 4/13/2022 | 4/20/2022 |
| Arrived Homes Series Taylor, a Series of Arrived Homes, LLC (Taylor) | Arrived Homes Series Taylor, a series of Arrived Homes, LLC | 6/14/2022 | 6/29/2022 |
| Arrived Homes Series Terracotta, a Series of Arrived Homes, LLC (Terracotta) | Arrived AZ Terracotta, LLC | 1/20/2022 | 2/4/2022 |
| Arrived Homes Series Theodore, a Series of Arrived Homes, LLC (Theodore) | Arrived TN Theodore, LLC | 6/1/2023 | 6/14/2023 |
| Arrived Homes Series Tulip, a Series of Arrived Homes, LLC (Tulip) | Arrived Homes Series Tulip, a series of Arrived Homes, LLC | 3/8/2022 | 3/25/2022 |
| Arrived Homes Series Tuscan, a Series of Arrived Homes, LLC (Tuscan) | Arrived AR Tuscan, LLC | 4/26/2021 | 5/13/2021 |
| Arrived Homes Series Tuscarora, a Series of Arrived Homes, LLC (Tuscarora) | Arrived NM Tuscarora, LLC | 9/26/2022 | 12/22/2022 |
| Arrived Homes Series Tuxford, a Series of Arrived Homes, LLC (Tuxford) | Arrived SC Tuxford, LLC | 1/20/2022 | 2/9/2022 |
| Arrived Homes Series Vernon, a Series of Arrived Homes, LLC (Vernon) | Arrived SC Vernon, LLC | 8/10/2021 | 11/24/2021 |
| Arrived Homes Series Walton, a Series of Arrived Homes, LLC (Walton) | Arrived AR Walton, LLC | 6/8/2022 | 6/24/2022 |
| Arrived Homes Series Wave, a Series of Arrived Homes, LLC (Wave) | Arrived GA Wave, LLC | 12/29/2021 | 2/11/2022 |
| Arrived Homes Series Weldon, a Series of Arrived Homes, LLC (Weldon) | Arrived NC Weldon LLC | 7/23/2021 | 9/17/2021 |
| Arrived Homes Series Wellington, a Series of Arrived Homes, LLC (Wellington) | Arrived GA Wellington, LLC | 6/16/2022 | 7/7/2022 |
| Arrived Homes Series Wentworth, a Series of Arrived Homes, LLC (Wentworth) | Arrived AR Wentworth, LLC | 4/26/2021 | 9/24/2021 |
| Arrived Homes Series Wescott, a Series of Arrived Homes, LLC (Wescott) | Arrived TN Wescott, LLC | 4/18/2022 | 5/12/2022 |
| Arrived Homes Series Westchester, a Series of Arrived Homes, LLC (Westchester) | Arrived SC Westchester, LLC | 6/28/2021 | 7/15/2021 |
| Arrived Homes Series Wildwood, a Series of Arrived Homes, LLC (Wildwood) | Arrived TN Wildwood, LLC | 4/13/2022 | 4/25/2022 |
| Arrived Homes Series Willow, a Series of Arrived Homes, LLC (Willow) | Arrived AR Willow, LLC | 6/15/2022 | 7/13/2022 |
| Arrived Homes Series Wilson, a Series of Arrived Homes, LLC (Wilson) | Arrived AR Wilson, LLC | 6/15/2022 | 7/1/2022 |
| Arrived Homes Series Winchester, a Series of Arrived Homes, LLC (Winchester) | Arrived Homes Series Winchester, a series of Arrived Homes, LLC | 7/5/2023 | 7/14/2023 |
| Arrived Homes Series Windsor, a Series of Arrived Homes, LLC (Windsor) | Arrived SC Windsor, LLC | 6/15/2021 | 7/22/2021 |
| Arrived Homes Series Winston, a Series of Arrived Homes, LLC (Winston) | Arrived Homes Series Winston, a series of Arrived Homes, LLC | 6/22/2022 | 7/8/2022 |
| Arrived Homes Series Wisteria, a Series of Arrived Homes, LLC (Wisteria) | Arrived Homes Series Wisteria, a series of Arrived Homes, LLC | 3/8/2022 | 3/29/2022 |

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**NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

***Basis of Presentation***

The accounting and reporting policies of the Series conform to accounting principles generally accepted in the United States of America (GAAP). The Series has adopted a calendar year as its fiscal year.

The Company is an emerging growth company as the term is used in The Jumpstart Our Business Startups Act, enacted on April 5, 2012, and has elected to comply with certain reduced public company reporting requirements, however, the Company may adopt accounting standards based on the effective dates for public entities.

The accompanying unaudited condensed financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission for interim financial reporting. In the opinion of management, all adjustments necessary for a fair presentation of the interim financial statements have been included and are of a normal recurring nature.

These interim financial statements do not include all of the information and footnotes required by GAAP for complete annual financial statements and should be read in conjunction with the Company's audited financial statements and related notes as of and for the year ended December 31, 2024, included in the Company's Annual Report on Form 1-K filed with the SEC. The December 31, 2024 balance sheet presented herein has been derived from those audited financial statements.

***Principles of Consolidation***

These consolidated and consolidating financial statements include the accounts of Arrived Homes, LLC and its Series listed in Note 1. All inter-company transactions and balances have been eliminated upon consolidation.

***Use of Estimates***

The preparation of the consolidated and consolidating financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities at the date of the consolidated and consolidating financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates.

***Deferred Offering Costs***

 ****

The Company and each Series complies with the requirements of Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 340-10-S99-1 with regards to offering costs. Prior to the completion of an offering, offering costs are capitalized. The deferred offering costs are charged to members' equity upon the completion of an offering or to expense if the offering is not completed. Offering costs include offering expense reimbursements and sourcing fees as noted below.

Per the operating agreement, the Manager is eligible to receive up to a maximum of 2% of the gross offering proceeds per the Series offering, as reimbursement for offering expenses including legal, accounting, escrow, underwriting, filing and compliance costs, as applicable, related to a specific offering.

Upon completion of an offering, the Series may also be required to pay the Manager sourcing fees as defined in the offering documents. The Manager is responsible for sourcing and analyzing the Series' property.

***Fair Value of Financial Instruments***

FASB guidance specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect market assumptions. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy are as follows:

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 1 primarily consists of financial instruments whose value is based on quoted market prices such as exchange-traded instruments and listed equities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly (e.g., quoted prices of similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active).

Level 3 - Unobservable inputs for the asset or liability. Financial instruments are considered Level 3 when their fair values are determined using pricing models, discounted cash flows or similar techniques and at least one significant model assumption or input is unobservable.

The carrying amounts of the Company's consolidated and consolidating financial instruments, such as cash and accrued expenses approximate fair value due to the short-term nature of these instruments. The carrying value of the bridge financing, related party payables approximate their fair values based on interest rates and terms currently available for similar instruments

***Management Fee***

 ****

For all Series qualified prior to July 12, 2022, the Manager received and continues to receive from each such Series an annual asset management fee equal to one percent (1%) of the capital contributions to such Series. For all Series qualified after July 12, 2022, the Manager has received and will continue to receive from such Series an annual asset management fee equal to six tenths of a percent (0.6%) of the purchase price of the series property for such series, paid out of the series' net operating rental income on a quarterly basis. Additionally, pursuant to the operating agreement, the Manager will receive reimbursements for out-of-pocket expenses in connection with the Series' organization and offerings (up to a maximum of 2% of the gross offering proceeds per series offering) and in connection with the Series' operations and the acquisition of properties and in connection with third parties providing services to the Series.

***Property Management Fee***

The company will appoint an affiliate of the manager or a third-party property management company to serve as property manager to manage the property of each series pursuant to a property management agreement. The fee arrangements for each property management company are set forth below:

**Marketplace Homes**

As compensation for the services provided by the property manager, each series will be charged a property management fee of $70 on a monthly basis and paid to the property manager pursuant to the property management agreement.

**Mynd Property Management**

As compensation for the services provided by the property manager, each series will be charged a property management fee equal to six percent (6%) of all rents and fees as remitted to the series or a minimum property management fee of $84 on a monthly basis and paid to the property manager pursuant to the property management agreement.

The property manager for each Series is specified in the latest Offering Circular under "The Series Properties Being Offered."

***Property Disposition Fee***

Upon the disposition and sale of the Series' property, the Manager will charge the Series a market rate property disposition fee that will cover property sale expenses such as brokerage commissions, and title, escrow and closing costs. It is expected that the disposition fee charged to the Series will range from six to seven percent of the property sale price. To the extent that the actual property disposition fees are less than the amount charged to the Series, the Manager will receive the difference.

***Prepaid and Accrued Expenses***

Prepaid expenses consist of prepaid insurance. Accrued expenses includes accrued property taxes, audit and tax fees, and interest payable on the Series' mortgages, and interest payable on Series' operational notes, related party.

***Due From (To) Third-party Property Managers***

 ****

Due from (to) third-party property managers are uncollateralized obligations due under normal trade terms generally requiring payment within 30 days from the approved prior month financial statements. Due from (to) property managers are presented net of receipts and expenses for the reported month. The Company uses a loss-rate approach based on historical loss information, adjusted for management's expectations about current and future economic conditions, as the basis to determine expected cash receipts and distributions. Management exercises significant judgment in determining expected credit losses. Key inputs include macroeconomic factors, industry trends, and the creditworthiness of counterparties. Management believes that the composition of receivables at year-end is consistent with historical conditions as credit terms and practices and the property managers have not changed significantly. The Company and Series determined it was not necessary to record an allowance for credit losses as of June 30, 2025 and December 31, 2024.

***Property and Equipment***

 ****

Property and equipment are stated at cost less accumulated depreciation. The Serie's property and equipment includes the cost of the purchased property, including the building and related land. The Company allocates certain capitalized title fees and relevant acquisition expenses to the capitalized costs of the building. All capitalized property costs, except for the value attributable to the land, are depreciated using the straight-line method over the estimated useful life of 27.5 years. Additions and property improvements in excess of $5,000 are capitalized and depreciated using the straight-line method over the estimated useful lives of 5-7 years, while routine repairs and maintenance are charged to expense as incurred. At the time of retirement or other disposition of property and equipment, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is reflected in the statement of comprehensive income.

***Impairment of Long-Lived Assets***

 ****

The Company and each Series continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Series assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Series recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. The Company and Series did not record any impairment losses on long-lived assets for the period ended June 30, 2025.

 **

***Tenant Deposits***

 **

Tenant deposit liabilities represent security deposits received by tenant customers. This encompasses deposits administered by property management entities and liabilities associated with tenant deposits.

***Operating Expenses***

 ****

The Series is responsible for the costs and expenses attributable to the activities of the Series. The Manager will bear its own expenses of an ordinary nature. If the operating expenses exceed the amount of revenues generated from a Series property and cannot be covered by any operating expense reserves on the balance sheet of the Series, the Manager may (a) pay such operating expenses and not seek reimbursement, in which case the expenses would be recognized by the Series with a credit to contributed capital, (b) loan the amount of the operating expenses to the Series, on which the Manager and its affiliates may impose a reasonable rate of interest and be entitled to reimbursement of such amount from future revenues generated by Series' property, and/or (c) cause additional interests to be issued in the Series in order to cover such additional amounts.

***Revenue Recognition***

The Company and Series adopted ASU 2014-09*, Revenue from Contracts with Customers*, and its related amendments (collectively known as "ASC 606"), effective at inception using the modified retrospective transition approach applied to all contracts. There were no cumulative impacts that were made. The Company and Series determines revenue recognition through the following steps:

● Identification of a contract with a customer;

● Identification of the performance obligations in the contract;

● Determination of the transaction price;

● Allocation of the transaction price to the performance obligations in the contract; and

● Recognition of revenue when or as the performance obligations are satisfied.

Revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Series expects to be entitled to in exchange for those goods or services. As a practical expedient, the Series does not adjust the transaction price for the effects of a significant financing component if, at contract inception, the period between customer payment and the transfer of goods or services is expected to be one year or less.

The Company's Series operate rental properties and recognizes rental revenue on a monthly basis as it is earned. Revenue from leasing arrangements falls outside the scope of FASB ASC 606 and is accounted for under the provisions of FASB ASC 842.

***Comprehensive Income (Loss)***

The Company and Series follows FASB ASC 220 in reporting comprehensive income. Comprehensive income is a more inclusive financial reporting methodology that includes disclosure of certain financial information that historically has not been recognized in the calculation of net income. Since the Company has no items of other comprehensive income (loss), comprehensive income (loss) is equal to net income (loss).

***Organizational Costs***

In accordance with FASB ASC 720, *Organizational Costs*, including accounting fees, legal fees, and costs of incorporation, are expensed as incurred.

***Income Taxes***

The Company is organized as an LLC for legal purposes and has elected to be treated as a C corporation for tax purposes, pursuant to subchapter C of the Internal Revenue Code.

Furthermore, each Series complies with the requirements to be a Real Estate Investment Trust ("REIT"), a special type of C corporation that files tax form 1120-REIT. A REIT may not be required to pay income tax at the corporate level because this form of corporation is permitted to deduct dividends paid to members as an expense. Therefore, if a REIT paid out all profit and capital gains to its members it could potentially report no taxable income. Tax losses of REITs are not allocated directly to members but, under current law, losses may be accumulated and carried forward indefinitely and be used to offset up to 80% of taxable income in any future year, thereby reducing the reported taxable income of the REIT.

Most states give REIT's a deduction for dividends paid. Since the Series generally pay dividends in excess of the taxable income generated, there would be no state tax liability in these states. In states that do not give a deduction for dividends paid, there may be a state income tax due that is assessed based on the tax table for that particular state. There is no state tax liability for members based on the locations of properties held in the REIT's. The rules for state tax loss carryforwards vary by state as some conform to the Federal rules while others have restrictions on timeframes and/or the percentage of loss that can be carried forward.

***Recently issued and not yet adopted and adopted accounting pronouncements***

In February 2016, FASB issued ASU 2016-02, Leases (Topic 842). This ASU requires a lessee to recognize a right-of-use asset and a lease liability under most operating leases in its balance sheet. The ASU is effective for annual and interim periods beginning after December 15, 2021. Early adoption is permitted. The Company adopted this standard upon inception and it did not have a material impact on their consolidated and consolidating financial statements.

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments, as modified by FASB ASU No. 2019-10 and other subsequently issued related ASUs. The amendments in this Update affect loans, debt securities, trade receivables, and any other financial assets that have the contractual right to receive cash. The ASU requires an entity to recognize expected credit losses rather than incurred losses for financial assets. The amendments in this Update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted this new guidance upon inception utilizing the modified retrospective transition method. The adoption of this standard did not have a material impact on the Company's consolidated and consolidating financial statements, but did change how the allowance for credit losses is determined.

Management does not believe that any other recently issued, but not yet effective, accounting standards could have a material effect on the accompanying consolidated and consolidating financial statements. As new accounting pronouncements are issued, the Company will adopt those that are applicable under the circumstances.

**NOTE 3: GOING CONCERN**

The accompanying consolidated and consolidating financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has a lack of liquidity, nominal cash, and has limited operations since inception. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The Company's ability to continue as a going concern in the next twelve months from the filing of this Semi-Annual Report is dependent upon their ability to continue to generate cash flow from their rental properties and/or obtain financing from the Manager. However, there are assurances that the Company can continue to generate cash flow from their rental properties or that the Manager will always be in the position to provide funding when needed. The consolidated and consolidating financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

**NOTE 4: PROPERTY AND EQUIPMENT**

Property and equipment, net consists of the following:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Series** | **Building** | **Land** | **Property Improvements** | **Total** | **Less: Accumulated Depreciation** | **Property and equipment, net** |
| 100 | $464472 | $154824 | $- | $619296 | $(52077) | $567219 |
| 101 | 479535 | 159845 | 7073 | 646453 | (52903) | 593550 |
| Abbington | 361773 | 120591 | 6695 | 489059 | (42144) | 446915 |
| Abernant | 171814 | 57271 |  | 229086 | (10934) | 218152 |
| Alvin | 240221 | 80074 |  | 320294 | (15287) | 305008 |
| Amber | 231434 | 76250 |  | 307684 | (31559) | 276125 |
| Apollo | 148028 | 49343 | 12420 | 209791 | (18426) | 191366 |
| Aster | 192736 | 64093 |  | 256829 | (19858) | 236971 |
| Augusta | 224136 | 74712 |  | 298848 | (16301) | 282547 |
| Avebury | 219734 | 73245 |  | 292978 | (25969) | 267009 |
| Avondale | 248780 | 82927 |  | 331707 | (18093) | 313614 |
| Badminton | 192775 | 63750 | 7254 | 263779 | (30458) | 233321 |
| Ballinger | 225915 | 75305 |  | 301220 | (12323) | 288898 |
| Bandelier | 227358 | 122465 |  | 349823 | (30314) | 319509 |
| Baron | 440147 | 142573 | 6011 | 588730 | (48417) | 540314 |
| Basil | 153138 | 50625 |  | 203763 | (22274) | 181488 |
| Bayside | 193863 | 63750 |  | 257613 | (27611) | 230002 |
| Bazzel | 187453 | 62484 | 19530 | 269468 | (22071) | 247397 |
| Bedford | 211603 | 70534 |  | 282138 | (24366) | 257771 |
| Bella | 231329 | 77110 |  | 308439 | (16123) | 292316 |
| Belle | 332313 | 110771 |  | 443084 | (35245) | 407839 |
| Belvedere | 222829 | 74276 |  | 297105 | (16206) | 280899 |
| Bergenia | 164244 | 54748 |  | 218993 | (10950) | 208043 |
| Blossom | 192230 | 64077 |  | 256307 | (19806) | 236501 |
| Bonneau | 253239 | 84413 | 5330 | 342982 | (29023) | 313959 |
| Brainerd | 219905 | 72500 |  | 292405 | (19991) | 272414 |
| Braxton | 244842 | 80875 |  | 325717 | (25226) | 300491 |
| Brennan | 171314 | 57105 |  | 228419 | (19208) | 209211 |
| Briarwood | 157646 | 52549 |  | 210195 | (10032) | 200163 |
| Brooklyn | 125094 | 41500 | 6328 | 172922 | (14431) | 158491 |
| Burlington | 490374 | 163458 |  | 653831 | (53495) | 600336 |
| Butter | 286835 | 93724 |  | 380558 | (37192) | 343367 |
| Calvin | 178500 | 59500 |  | 238000 | (11900) | 226100 |
| Camino | 200434 | 66811 |  | 267245 | (21258) | 245987 |
| Cawley | 237152 | 79051 |  | 316203 | (16529) | 299674 |
| Chaparral | 148009 | 49491 |  | 197500 | (24086) | 173414 |
| Chelsea | 232861 | 77620 |  | 310481 | (27520) | 282961 |
| Chester | 280215 | 93000 |  | 373215 | (28871) | 344344 |
| Chickamauga | 282098 | 93075 |  | 375173 | (25645) | 349528 |
| Chinook | 230186 | 76729 | 7665 | 314580 | (18981) | 295599 |
| Chitwood | 289031 | 96344 |  | 385375 | (30655) | 354720 |
| Clover | 249340 | 83113 |  | 332453 | (25647) | 306807 |
| Coatbridge | 205145 | 67500 | 7962 | 280607 | (32137) | 248470 |
| Collier | 268326 | 89442 |  | 357769 | (28459) | 329310 |
| Collinston | 159806 | 52500 |  | 212306 | (21792) | 190515 |
| Conway | 519077 | 171250 |  | 690327 | (53481) | 636846 |
| Cove | 158950 | 52983 |  | 211933 | (12523) | 199410 |
| Creekside | 234815 | 78472 |  | 313287 | (24905) | 288383 |
| Creekwood | 218448 | 72375 |  | 290823 | (22507) | 268317 |
| Cumberland | 223247 | 74416 |  | 297662 | (23001) | 274661 |
| Cupcake | 166444 | 54639 | 8000 | 229083 | (24378) | 204704 |
| Cypress | 275692 | 91250 |  | 366942 | (27569) | 339373 |
| Daisy | 227590 | 75863 |  | 303453 | (24138) | 279315 |
| Davidson | 160008 | 52500 |  | 212508 | (21334) | 191173 |
| Dawson | 171298 | 56250 | 5028 | 232575 | (27330) | 205246 |
| Delta | 257741 | 85914 | 8400 | 352054 | (33201) | 318853 |
| Dewberry | 143700 | 47500 |  | 191200 | (20902) | 170298 |
| Diablo | 195243 | 103950 |  | 299193 | (24994) | 274199 |
| Dogwood | 182125 | 60000 |  | 242125 | (19316) | 222809 |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Series** | **Building** | **Land** | **Property Improvements** | **Total** | **Less: Accumulated Depreciation** | **Property and equipment, net** |
| Dolittle | 232183 | 76093 |  | 308276 | (30254) | 278022 |
| Dolly | 521147 | 173682 |  | 694829 | (55273) | 639556 |
| Dops | 154480 | 51250 |  | 205730 | (13575) | 192155 |
| Dorchester | 259980 | 86660 | 6500 | 353140 | (27682) | 325457 |
| Dunbar | 243644 | 81215 | 21611 | 346470 | (32194) | 314277 |
| Eagle | 203903 | 67968 | 7150 | 279021 | (21820) | 257200 |
| Eastfair | 162575 | 53750 |  | 216325 | (23647) | 192678 |
| Eastwood | 240809 | 80270 |  | 321079 | (15324) | 305755 |
| Elevation | 201118 | 65837 | 13996 | 280951 | (33543) | 247408 |
| Ella | 197272 | 65757 |  | 263030 | (16738) | 246292 |
| Ellen | 187200 | 62400 |  | 249600 | (12480) | 237120 |
| Elm | 125176 | 41250 |  | 166426 | (17633) | 148793 |
| Emporia | 265811 | 88604 |  | 354415 | (32220) | 322195 |
| Ensenada | 365214 | 196000 |  | 561214 | (48885) | 512329 |
| Falcon | 204606 | 67500 | 7000 | 279106 | (21241) | 257865 |
| Felix | 187146 | 62382 | 6979 | 256507 | (15486) | 241021 |
| Fenwick | 226605 | 75535 |  | 302140 | (16480) | 285660 |
| Fletcher | 132652 | 44217 |  | 176869 | (8843) | 168026 |
| Folly | 235178 | 78393 | 8504 | 322074 | (29337) | 292737 |
| Forest | 265264 | 87500 | 12474 | 365238 | (42326) | 322912 |
| Foster | 236883 | 78961 |  | 315843 | (17228) | 298616 |
| Franklin | 225740 | 75247 | 5186 | 306173 | (17721) | 288451 |
| Gardens | 166712 | 55571 | 5548 | 227830 | (20862) | 206969 |
| General | 238814 | 79605 |  | 318419 | (16645) | 301774 |
| Goose | 189997 | 63332 | 6700 | 260029 | (20340) | 239689 |
| Grant | 244818 | 129500 |  | 374318 | (32642) | 341675 |
| Greenhill | 246644 | 82215 |  | 328858 | (29896) | 298962 |
| Gretal | 341305 | 112500 |  | 453805 | (33096) | 420708 |
| Grove | 170579 | 56860 | 13000 | 240439 | (27226) | 213213 |
| Hadden | 166460 | 55487 |  | 221947 | (20177) | 201770 |
| Hansard | 229327 | 75709 |  | 305035 | (20153) | 284882 |
| Hansel | 305996 | 101999 |  | 407994 | (30600) | 377395 |
| Hargrave | 176640 | 58880 |  | 235520 | (11776) | 223744 |
| Harrison | 346265 | 115000 |  | 461265 | (35676) | 425589 |
| Henry | 325137 | 108379 |  | 433516 | (34484) | 399032 |
| Heritage | 220017 | 73339 | 5056 | 298412 | (27702) | 270710 |
| Heron | 216890 | 72297 | 5305 | 294492 | (27501) | 266991 |
| Highland | 216811 | 72270 |  | 289081 | (22995) | 266086 |
| Hines | 193050 | 64350 | 8950 | 266350 | (24640) | 241710 |
| Hobbes | 176871 | 58957 |  | 235828 | (11791) | 224037 |
| Holcomb | 268238 | 89413 |  | 357651 | (29262) | 328388 |
| Holland | 160008 | 52500 |  | 212508 | (21819) | 190688 |
| Hollandaise | 276552 | 92184 |  | 368736 | (32684) | 336052 |
| Holloway | 256950 | 85000 |  | 341950 | (37375) | 304575 |
| Inglewood | 514831 | 169750 |  | 684581 | (53043) | 631537 |
| Irene | 132652 | 44217 |  | 176869 | (8843) | 168026 |
| Jack | 313439 | 104480 | 6782 | 424700 | (39522) | 385179 |
| Jake | 445114 | 148371 |  | 593485 | (48558) | 544927 |
| Jefferson | 207755 | 68441 |  | 276196 | (18257) | 257939 |
| Jill | 302035 | 101838 |  | 403872 | (31119) | 372753 |
| Johnny | 442591 | 147497 |  | 590089 | (46942) | 543147 |
| June | 442591 | 147497 |  | 590089 | (46942) | 543147 |
| Jupiter | 159802 | 52500 |  | 212302 | (21791) | 190511 |
| Kawana | 208216 | 69405 |  | 277621 | (24607) | 253013 |
| Kennesaw | 321006 | 107002 |  | 428008 | (34046) | 393962 |
| Kenny | 521147 | 173682 |  | 694829 | (55273) | 639556 |
| KerriAnn | 257713 | 85000 |  | 342713 | (34362) | 308351 |
| Kessler | 195429 | 65143 | 5526 | 266098 | (23951) | 242147 |
| Kingsley | 238075 | 78750 |  | 316825 | (34322) | 282503 |
| Kirkwood | 197564 | 65855 | 7069 | 270488 | (23212) | 247276 |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Series** | **Building** | **Land** | **Property Improvements** | **Total** | **Less: Accumulated Depreciation** | **Property and equipment, net** |
| Korin | 210256 | 69716 |  | 279972 | (19114) | 260858 |
| Lallie | 280725 | 92500 | 10869 | 384094 | (44727) | 339366 |
| Lanier | 285656 | 95219 | 5121 | 385996 | (33821) | 352176 |
| Lannister | 132923 | 44308 | 6100 | 183331 | (18872) | 164459 |
| Latte | 275597 | 91866 |  | 367463 | (29230) | 338233 |
| Lennox | 163783 | 53750 |  | 217533 | (23327) | 194206 |
| Lierly | 161250 | 53750 |  | 215000 | (26061) | 188939 |
| Lily | 380574 | 126250 | 31533 | 538356 | (56292) | 482065 |
| Limestone | 221258 | 72500 |  | 293758 | (30172) | 263586 |
| Litton | 242715 | 80000 |  | 322715 | (22065) | 300650 |
| Longwoods | 203601 | 67867 |  | 271468 | (14807) | 256661 |
| Lookout | 260780 | 86927 |  | 347707 | (28449) | 319258 |
| Loretta | 518678 | 171250 |  | 689928 | (53440) | 636489 |
| Louis | 203538 | 67846 |  | 271384 | (14803) | 256581 |
| Louise | 208392 | 69464 |  | 277856 | (23997) | 253859 |
| Lovejoy | 222438 | 74146 |  | 296584 | (26288) | 270296 |
| Luna | 162575 | 53750 |  | 216325 | (23647) | 192678 |
| Lurleen | 165449 | 55150 | 10401 | 230999 | (19740) | 211259 |
| Madison | 155520 | 51840 |  | 207360 | (16966) | 190395 |
| Mae | 267516 | 89172 |  | 356688 | (28373) | 328315 |
| Magnolia | 189690 | 63230 | 7050 | 259970 | (25498) | 234472 |
| Malbec | 241344 | 80225 |  | 321568 | (36298) | 285270 |
| Mammoth | 257706 | 85902 |  | 343608 | (29675) | 313933 |
| Marcelo | 215116 | 71705 |  | 286822 | (22164) | 264658 |
| Marie | 241848 | 79625 |  | 321473 | (21253) | 300219 |
| Marietta | 228678 | 76807 |  | 305485 | (24254) | 281231 |
| Marion | 192484 | 64161 | 11128 | 267773 | (17615) | 250158 |
| Marple | 132652 | 44217 |  | 176869 | (9647) | 167222 |
| Martell | 196472 | 65491 |  | 261963 | (14289) | 247674 |
| Mary | 205277 | 68426 |  | 273703 | (14929) | 258774 |
| Matchingham | 160191 | 52273 |  | 212463 | (21359) | 191104 |
| McGregor | 227254 | 75751 |  | 303005 | (25480) | 277525 |
| McLovin | 343044 | 183750 | 10685 | 537478 | (44244) | 493234 |
| Meadow | 242548 | 80000 |  | 322548 | (33075) | 289474 |
| Mimosa | 159969 | 53750 |  | 213719 | (15755) | 197964 |
| Mojave | 178180 | 58500 | 8000 | 244680 | (26740) | 217940 |
| Murphy | 224701 | 73612 |  | 298312 | (29279) | 269033 |
| Mycroft | 135657 | 45219 |  | 180876 | (9866) | 171010 |
| Nugget | 423141 | 141047 |  | 564188 | (46161) | 518027 |
| Odessa | 403261 | 133750 |  | 537011 | (54990) | 482021 |
| Olive | 175139 | 57500 | 5044 | 237683 | (27886) | 209797 |
| Oly | 344549 | 184100 |  | 528649 | (44900) | 483749 |
| Onyx | 245598 | 81866 | 15427 | 342891 | (23518) | 319373 |
| Oscar | 188729 | 62910 | 5865 | 257503 | (15109) | 242394 |
| Osceola | 211769 | 70590 |  | 282359 | (15401) | 266957 |
| Osprey | 264002 | 88001 | 6901 | 358903 | (32141) | 326762 |
| Otoro | 296828 | 98943 | 6875 | 402646 | (36587) | 366060 |
| Palmer | 220930 | 73643 | 5690 | 300264 | (17579) | 282684 |
| Patrick | 158368 | 52551 | 6319 | 217239 | (28198) | 189041 |
| Peanut | 163038 | 54346 |  | 217385 | (18774) | 198610 |
| Pearl | 412412 | 137471 |  | 549882 | (44990) | 504892 |
| Pecan | 157052 | 52124 |  | 209176 | (25254) | 183922 |
| Peterson | 170723 | 56908 |  | 227631 | (10864) | 216767 |
| Piedmont | 289947 | 97027 |  | 386974 | (30752) | 356222 |
| Pinot | 243611 | 81054 |  | 324665 | (36640) | 288025 |
| Pioneer | 431448 | 143816 | 15000 | 590263 | (47123) | 543140 |
| Plumtree | 151745 | 50738 |  | 202483 | (24846) | 177637 |
| Point | 288748 | 96249 |  | 384997 | (32375) | 352622 |
| Porthos | 228114 | 76038 |  | 304152 | (15899) | 288253 |
| Quincy | 413303 | 137768 |  | 551071 | (43835) | 507236 |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Series** | **Building** | **Land** | **Property Improvements** | **Total** | **Less: Accumulated Depreciation** | **Property and equipment, net** |
| Redondo | 236941 | 78750 |  | 315691 | (22258) | 293433 |
| Regency | 208617 | 68750 | 9653 | 287020 | (18976) | 268044 |
| Reginald | 329750 | 108750 | 32154 | 470653 | (40800) | 429854 |
| Reynolds | 324775 | 108258 |  | 433033 | (34446) | 398587 |
| Ribbonwalk | 241740 | 80000 |  | 321740 | (32232) | 289508 |
| Richardson | 237659 | 78750 |  | 316409 | (24486) | 291923 |
| Richmond | 287745 | 95915 |  | 383659 | (18311) | 365348 |
| Ridge | 164536 | 54000 |  | 218536 | (23434) | 195102 |
| Ritter | 381271 | 127090 |  | 508362 | (41593) | 466768 |
| River | 201388 | 66250 |  | 267638 | (28683) | 238955 |
| Riverwalk | 298504 | 99501 |  | 398005 | (31660) | 366346 |
| Rooney | 242468 | 129500 |  | 371968 | (32429) | 339539 |
| Roseberry | 248204 | 81250 |  | 329454 | (34598) | 294856 |
| Rosewood | 204541 | 68180 |  | 272722 | (22933) | 249788 |
| Roxy | 246352 | 82117 |  | 328469 | (27621) | 300848 |
| Saddlebred | 357856 | 118750 | 17602 | 494208 | (57295) | 436912 |
| Saint | 208509 | 112274 |  | 320783 | (25274) | 295509 |
| Sajni | 226838 | 75613 | 27593 | 330043 | (26508) | 303535 |
| Salem | 241306 | 80225 |  | 321531 | (36293) | 285237 |
| Salinas | 172670 | 57557 | 8994 | 239220 | (17798) | 221422 |
| Saturn | 163562 | 53750 | 6480 | 223792 | (27627) | 196165 |
| Scepter | 177069 | 94500 |  | 271569 | (23742) | 247826 |
| Sequoyah | 187039 | 62000 | 5041 | 254080 | (18012) | 236068 |
| Shallowford | 272709 | 90500 |  | 363209 | (28120) | 335089 |
| Shoreline | 234300 | 77500 |  | 311800 | (33370) | 278430 |
| Sigma | 289989 | 96250 |  | 386239 | (36765) | 349474 |
| Simon | 218698 | 72899 |  | 291597 | (15243) | 276354 |
| Sims | 206196 | 68732 |  | 274929 | (14996) | 259932 |
| Soapstone | 165000 | 55000 | 11177 | 231177 | (28529) | 202648 |
| Sodalis | 218882 | 72961 |  | 291842 | (23215) | 268627 |
| Spencer | 227685 | 75000 |  | 302685 | (33254) | 269431 |
| Splash | 163770 | 53750 |  | 217520 | (24814) | 192706 |
| Spring | 187077 | 62359 |  | 249436 | (19842) | 229594 |
| Stonebriar | 153288 | 51096 |  | 204385 | (17187) | 187198 |
| Sugar | 235235 | 77500 |  | 312735 | (33522) | 279213 |
| Summerset | 192776 | 63750 | 15526 | 272051 | (33216) | 238836 |
| Sundance | 238965 | 78750 | 7575 | 325290 | (26488) | 298802 |
| Sunnyside | 167162 | 55721 |  | 222882 | (14690) | 208192 |
| Swift | 259781 | 86594 | 5641 | 352015 | (32511) | 319504 |
| Taylor | 173433 | 58010 | 5354 | 236796 | (21428) | 215368 |
| Terracotta | 208259 | 112139 |  | 320398 | (23981) | 296416 |
| Theodore | 217070 | 72357 |  | 289427 | (15129) | 274298 |
| Tulip | 239969 | 79990 |  | 319959 | (27633) | 292326 |
| Tuscan | 244164 | 80225 |  | 324389 | (36699) | 287690 |
| Tuscarora | 252508 | 83998 |  | 336505 | (22190) | 314315 |
| Tuxford | 198079 | 66026 |  | 264106 | (23409) | 240697 |
| Vernon | 199031 | 64942 |  | 263973 | (28347) | 235626 |
| Walton | 226775 | 75592 |  | 302367 | (24052) | 278315 |
| Wave | 252771 | 84590 |  | 337362 | (29873) | 307489 |
| Weldon | 159806 | 52500 |  | 212306 | (21792) | 190515 |
| Wellington | 306669 | 101250 | 6650 | 414569 | (34810) | 379759 |
| Wentworth | 172251 | 56550 | 8000 | 236801 | (25924) | 210877 |
| Wescott | 207088 | 69029 |  | 276118 | (22591) | 253526 |
| Westchester | 257791 | 85000 |  | 342791 | (36715) | 306076 |
| Wildwood | 166727 | 55576 |  | 222303 | (18694) | 203609 |
| Willow | 221118 | 73250 |  | 294368 | (22782) | 271586 |
| Wilson | 289478 | 96830 | 5795 | 392103 | (34093) | 358010 |
| Winchester | 200150 | 66717 | 5698 | 272564 | (15432) | 257131 |
| Windsor | 264500 | 87500 |  | 352000 | (37671) | 314329 |
| Winston | 248565 | 82855 |  | 331420 | (25610) | 305810 |
| Wisteria | 224188 | 74729 | 7912 | 306830 | (28453) | 278377 |
|  | $**57440937** | $**19596642** | $**615881** | $**77653459** | $**(6474939)** | $**71178521** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| **Series** | **Building** | **Land** | **Property Improvements** | **Total** | **Less: Accumulated Depreciation** | **Property and equipment, net** |
| 100 | $464472 | $154824 | $- | $619296 | $(43632) | $575664 |
| 101 | 479535 | 159845 |  | 639380 | (43595) | 595785 |
| Abbington | 361773 | 120591 | 6695 | 489059 | (34897) | 454162 |
| Abernant | 171814 | 57271 |  | 229086 | (7810) | 221276 |
| Alvin | 240221 | 80074 |  | 320294 | (10919) | 309375 |
| Amber | 231434 | 76250 |  | 307684 | (27351) | 280333 |
| Apollo | 148028 | 49343 | 12420 | 209791 | (14492) | 195299 |
| Aster | 192736 | 64093 |  | 256829 | (16353) | 240476 |
| Augusta | 224136 | 74712 |  | 298848 | (12226) | 286622 |
| Avebury | 219734 | 73245 |  | 292978 | (21973) | 271005 |
| Avondale | 248780 | 82927 |  | 331707 | (13570) | 318137 |
| Badminton | 192775 | 63750 | 7254 | 263779 | (26228) | 237551 |
| Ballinger | 225915 | 75305 |  | 301220 | (8215) | 293005 |
| Bandelier | 227358 | 122465 |  | 349823 | (26180) | 323643 |
| Baron | 440147 | 142573 |  | 582719 | (40013) | 542706 |
| Basil | 153138 | 50625 |  | 203763 | (19490) | 184273 |
| Bayside | 193863 | 63750 |  | 257613 | (24086) | 233527 |
| Bazzel | 187453 | 62484 | 19530 | 269468 | (18308) | 251160 |
| Bedford | 211603 | 70534 |  | 282138 | (20519) | 261618 |
| Bella | 231329 | 77110 |  | 308439 | (11917) | 296522 |
| Belle | 332313 | 110771 |  | 443084 | (29203) | 413881 |
| Belvedere | 222829 | 74276 |  | 297105 | (12154) | 284951 |
| Bergenia | 164244 | 54748 |  | 218993 | (7963) | 211029 |
| Blossom | 192230 | 64077 |  | 256307 | (16311) | 239996 |
| Bonneau | 253239 | 84413 | 5330 | 342982 | (23885) | 319096 |
| Brainerd | 219905 | 72500 |  | 292405 | (15993) | 276412 |
| Braxton | 244842 | 80875 |  | 325717 | (20774) | 304942 |
| Brennan | 171314 | 57105 |  | 228419 | (16093) | 212325 |
| Briarwood | 157646 | 52549 |  | 210195 | (7166) | 203029 |
| Brooklyn | 125094 | 41500 | 6328 | 172922 | (11523) | 161399 |
| Burlington | 490374 | 163458 |  | 653831 | (44579) | 609252 |
| Butter | 286835 | 93724 |  | 380558 | (32002) | 348556 |
| Calvin | 178500 | 59500 |  | 238000 | (8655) | 229346 |
| Camino | 200434 | 66811 |  | 267245 | (17614) | 249631 |
| Cawley | 237152 | 79051 |  | 316203 | (12217) | 303986 |
| Centennial |  |  |  |  |  |  |
| Chaparral | 148009 | 49491 |  | 197500 | (21386) | 176114 |
| Chelsea | 232861 | 77620 |  | 310481 | (23286) | 287195 |
| Chester | 280215 | 93000 |  | 373215 | (23776) | 349439 |
| Chickamauga | 282098 | 93075 |  | 375173 | (20516) | 354657 |
| Chinook | 230186 | 76729 | 7665 | 314580 | (14030) | 300550 |
| Chitwood | 289031 | 96344 |  | 385375 | (25400) | 359975 |
| Clover | 249340 | 83113 |  | 332453 | (21250) | 311203 |
| Coatbridge | 205145 | 67500 | 7962 | 280607 | (27611) | 252996 |
| Collier | 268326 | 89442 |  | 357769 | (23580) | 334188 |
| Collinston | 159806 | 52500 |  | 212306 | (18886) | 193420 |
| Conway | 519077 | 171250 |  | 690327 | (44043) | 646284 |
| Cove | 158950 | 52983 |  | 211933 | (9633) | 202300 |
| Creekside | 234815 | 78472 |  | 313287 | (20635) | 292652 |
| Creekwood | 218448 | 72375 |  | 290823 | (18535) | 272288 |
| Cumberland | 223247 | 74416 |  | 297662 | (18942) | 278720 |
| Cupcake | 166444 | 54639 | 8000 | 229083 | (21103) | 207979 |
| Cypress | 275692 | 91250 |  | 366942 | (22556) | 344386 |
| Daisy | 227590 | 75863 |  | 303453 | (20000) | 283453 |
| Davidson | 160008 | 52500 |  | 212508 | (18425) | 194082 |
| Dawson | 171298 | 56250 | 5028 | 232575 | (23712) | 208863 |
| Delta | 257741 | 85914 | 8400 | 352054 | (27675) | 324379 |
| Dewberry | 143700 | 47500 |  | 191200 | (18289) | 172911 |
| Diablo | 195243 | 103950 |  | 299193 | (21423) | 277769 |
| Dogwood | 182125 | 60000 |  | 242125 | (16005) | 226120 |
| Dolittle | 232183 | 76093 |  | 308276 | (26033) | 282244 |
| Dolly | 521147 | 173682 |  | 694829 | (45798) | 649032 |
| Dops | 154480 | 51250 |  | 205730 | (10767) | 194963 |
| Dorchester | 259980 | 86660 |  | 346640 | (22847) | 323793 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| **Series** | **Building** | **Land** | **Property Improvements** | **Total** | **Less: Accumulated Depreciation** | **Property and equipment, net** |
| Dunbar | 243644 | 81215 | 13811 | 338670 | (25602) | 313068 |
| Eagle | 203903 | 67968 | 7150 | 279021 | (17875) | 261146 |
| Eastfair | 162575 | 53750 |  | 216325 | (20691) | 195634 |
| Eastwood | 240809 | 80270 |  | 321079 | (10946) | 310133 |
| Elevation | 201118 | 65837 | 13996 | 280951 | (28487) | 252465 |
| Ella | 197272 | 65757 |  | 263030 | (13152) | 249878 |
| Ellen | 187200 | 62400 |  | 249600 | (9076) | 240524 |
| Elm | 125176 | 41250 |  | 166426 | (15333) | 151093 |
| Emporia | 265811 | 88604 |  | 354415 | (27387) | 327028 |
| Ensenada | 365214 | 196000 |  | 561214 | (42219) | 518995 |
| Falcon | 204606 | 67500 | 7000 | 279106 | (17287) | 261818 |
| Felix | 187146 | 62382 | 6979 | 256507 | (11386) | 245121 |
| Fenwick | 226605 | 75535 |  | 302140 | (12360) | 289780 |
| Fletcher | 132652 | 44217 |  | 176869 | (6432) | 170437 |
| Folly | 235178 | 78393 | 8504 | 322074 | (24210) | 297864 |
| Forest | 265264 | 87500 | 12474 | 365238 | (36256) | 328982 |
| Foster | 236883 | 78961 |  | 315843 | (12921) | 302923 |
| Franklin | 225740 | 75247 | 5186 | 306173 | (13098) | 293074 |
| Gardens | 166712 | 55571 | 5548 | 227830 | (17276) | 210555 |
| General | 238814 | 79605 |  | 318419 | (12303) | 306116 |
| Goose | 189997 | 63332 | 6700 | 260029 | (16662) | 243367 |
| Grant | 244818 | 129500 |  | 374318 | (28191) | 346126 |
| Greenhill | 246644 | 82215 |  | 328858 | (25412) | 303446 |
| Gretal | 341305 | 112500 |  | 453805 | (26891) | 426914 |
| Grove | 170579 | 56860 | 13000 | 240439 | (22824) | 217615 |
| Hadden | 166460 | 55487 |  | 221947 | (17150) | 204796 |
| Hansard | 229327 | 75709 |  | 305035 | (15983) | 289052 |
| Hansel | 305996 | 101999 |  | 407994 | (25036) | 382958 |
| Hargrave | 176640 | 58880 |  | 235520 | (8564) | 226956 |
| Harrison | 346265 | 115000 |  | 461265 | (29380) | 431885 |
| Henry | 325137 | 108379 |  | 433516 | (28573) | 404943 |
| Heritage | 220017 | 73339 | 5056 | 298412 | (23196) | 275216 |
| Heron | 216890 | 72297 | 5305 | 294492 | (23027) | 271465 |
| Highland | 216811 | 72270 |  | 289081 | (19053) | 270028 |
| Hines | 193050 | 64350 | 8950 | 266350 | (20235) | 246115 |
| Hobbes | 176871 | 58957 |  | 235828 | (8576) | 227252 |
| Holcomb | 268238 | 89413 |  | 357651 | (24385) | 333265 |
| Holland | 160008 | 52500 |  | 212508 | (18910) | 193598 |
| Hollandaise | 276552 | 92184 |  | 368736 | (27655) | 341081 |
| Holloway | 256950 | 85000 |  | 341950 | (32703) | 309247 |
| Inglewood | 514831 | 169750 |  | 684581 | (43683) | 640898 |
| Irene | 132652 | 44217 |  | 176869 | (6432) | 170437 |
| Jack | 313439 | 104480 | 6782 | 424700 | (33144) | 391556 |
| Jake | 445114 | 148371 |  | 593485 | (40465) | 553020 |
| Jefferson | 207755 | 68441 |  | 276196 | (14480) | 261716 |
| Jill | 302035 | 101838 |  | 403872 | (25627) | 378245 |
| Johnny | 442591 | 147497 |  | 590089 | (38895) | 551194 |
| June | 442591 | 147497 |  | 590089 | (38895) | 551194 |
| Jupiter | 159802 | 52500 |  | 212302 | (18886) | 193416 |
| Kawana | 208216 | 69405 |  | 277621 | (20822) | 256799 |
| Kennesaw | 321006 | 107002 |  | 428008 | (28209) | 399798 |
| Kenny | 521147 | 173682 |  | 694829 | (45798) | 649032 |
| KerriAnn | 257713 | 85000 |  | 342713 | (29676) | 313036 |
| Kessler | 195429 | 65143 | 5526 | 266098 | (19845) | 246253 |
| Kingsley | 238075 | 78750 |  | 316825 | (30032) | 286793 |
| Kirkwood | 197564 | 65855 | 7069 | 270488 | (18913) | 251575 |
| Korin | 210256 | 69716 |  | 279972 | (15291) | 264681 |
| Lallie | 280725 | 92500 | 10869 | 384094 | (38525) | 345569 |
| Lanier | 285656 | 95219 | 5121 | 385996 | (28115) | 357882 |
| Lannister | 132923 | 44308 | 6100 | 183331 | (15846) | 167486 |
| Latte | 275597 | 91866 |  | 367463 | (24219) | 343244 |
| Lennox | 163783 | 53750 |  | 217533 | (20349) | 197184 |
| Lierly | 161250 | 53750 |  | 215000 | (23129) | 191871 |
| Lily | 380574 | 126250 | 31533 | 538356 | (48799) | 489558 |
| Limestone | 221258 | 72500 |  | 293758 | (26149) | 267609 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| **Series** | **Building** | **Land** | **Property Improvements** | **Total** | **Less: Accumulated Depreciation** | **Property and equipment, net** |
| Litton | 242715 | 80000 |  | 322715 | (17652) | 305063 |
| Longwoods | 203601 | 67867 |  | 271468 | (11105) | 260363 |
| Lookout | 260780 | 86927 |  | 347707 | (23707) | 324000 |
| Loretta | 518678 | 171250 |  | 689928 | (44009) | 645919 |
| Louis | 203538 | 67846 |  | 271384 | (11102) | 260282 |
| Louise | 208392 | 69464 |  | 277856 | (20208) | 257648 |
| Lovejoy | 222438 | 74146 |  | 296584 | (22244) | 274340 |
| Luna | 162575 | 53750 |  | 216325 | (20691) | 195634 |
| Lurleen | 165449 | 55150 | 10401 | 230999 | (15692) | 215308 |
| Madison | 155520 | 51840 |  | 207360 | (14138) | 193222 |
| Mae | 267516 | 89172 |  | 356688 | (23509) | 333179 |
| Magnolia | 189690 | 63230 | 7050 | 259970 | (21344) | 238626 |
| Malbec | 241344 | 80225 |  | 321568 | (31910) | 289658 |
| Mammoth | 257706 | 85902 |  | 343608 | (24990) | 318618 |
| Marcelo | 215116 | 71705 |  | 286822 | (18252) | 268570 |
| Marie | 241848 | 79625 |  | 321473 | (16856) | 304617 |
| Marietta | 228678 | 76807 |  | 305485 | (20096) | 285389 |
| Marion | 192484 | 64161 | 11128 | 267773 | (13003) | 254770 |
| Marple | 132652 | 44217 |  | 176869 | (7235) | 169633 |
| Martell | 196472 | 65491 |  | 261963 | (10717) | 251246 |
| Mary | 205277 | 68426 |  | 273703 | (11197) | 262506 |
| Matchingham | 160191 | 52273 |  | 212463 | (18446) | 194017 |
| McGregor | 227254 | 75751 |  | 303005 | (21348) | 281657 |
| McLovin | 343044 | 183750 |  | 526794 | (37313) | 489481 |
| Meadow | 242548 | 80000 |  | 322548 | (28665) | 293884 |
| Mimosa | 159969 | 53750 |  | 213719 | (12801) | 200918 |
| Mojave | 178180 | 58500 | 8000 | 244680 | (23215) | 221465 |
| Murphy | 224701 | 73612 |  | 298312 | (25194) | 273119 |
| Mycroft | 135657 | 45219 |  | 180876 | (7399) | 173476 |
| Nugget | 423141 | 141047 |  | 564188 | (38468) | 525721 |
| Odessa | 403261 | 133750 |  | 537011 | (47658) | 489353 |
| Olive | 175139 | 57500 | 5044 | 237683 | (24197) | 213486 |
| Oly | 344549 | 184100 |  | 528649 | (38635) | 490013 |
| Onyx | 245598 | 81866 | 15427 | 342891 | (17510) | 325381 |
| Oscar | 188729 | 62910 | 5865 | 257503 | (11091) | 246412 |
| Osceola | 211769 | 70590 |  | 282359 | (11551) | 270808 |
| Osprey | 264002 | 88001 | 6901 | 358903 | (26651) | 332252 |
| Otoro | 296828 | 98943 | 6875 | 402646 | (30502) | 372144 |
| Palmer | 220930 | 73643 | 5690 | 300264 | (12993) | 287270 |
| Patrick | 158368 | 52551 | 6319 | 217239 | (24680) | 192559 |
| Peanut | 163038 | 54346 |  | 217385 | (15810) | 201575 |
| Pearl | 412412 | 137471 |  | 549882 | (37492) | 512390 |
| Pecan | 157052 | 52124 |  | 209176 | (22391) | 186784 |
| Peterson | 170723 | 56908 |  | 227631 | (7760) | 219871 |
| Piedmont | 289947 | 97027 |  | 386974 | (25480) | 361494 |
| Pinot | 243611 | 81054 |  | 324665 | (32211) | 292454 |
| Pioneer | 431448 | 143816 | 15000 | 590263 | (39006) | 551258 |
| Plumtree | 151745 | 50738 |  | 202483 | (22079) | 180404 |
| Point | 288748 | 96249 |  | 384997 | (27125) | 357872 |
| Porthos | 228114 | 76038 |  | 304152 | (11751) | 292401 |
| Quincy | 413303 | 137768 |  | 551071 | (36320) | 514751 |
| Redondo | 236941 | 78750 |  | 315691 | (17950) | 297741 |
| Regency | 208617 | 68750 |  | 277367 | (14540) | 262827 |
| Reginald | 329750 | 108750 | 26869 | 465368 | (32029) | 433339 |
| Reynolds | 324775 | 108258 |  | 433033 | (28541) | 404492 |
| Ribbonwalk | 241740 | 80000 |  | 321740 | (27837) | 293903 |
| Richardson | 237659 | 78750 |  | 316409 | (20165) | 296244 |
| Richmond | 287745 | 95915 |  | 383659 | (13079) | 370580 |
| Ridge | 164536 | 54000 |  | 218536 | (20442) | 198094 |
| Ritter | 381271 | 127090 |  | 508362 | (34661) | 473701 |
| River | 201388 | 66250 |  | 267638 | (25021) | 242617 |
| Riverwalk | 298504 | 99501 |  | 398005 | (26232) | 371773 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| **Series** | **Building** | **Land** | **Property Improvements** | **Total** | **Less: Accumulated Depreciation** | **Property and equipment, net** |
| Rooney | 242468 | 129500 |  | 371968 | (28007) | 343961 |
| Roseberry | 248204 | 81250 |  | 329454 | (30085) | 299368 |
| Rosewood | 204541 | 68180 |  | 272722 | (19214) | 253507 |
| Roxy | 246352 | 82117 |  | 328469 | (23142) | 305327 |
| Saddlebred | 357856 | 118750 | 17602 | 494208 | (49656) | 444551 |
| Saint | 208509 | 112274 |  | 320783 | (21483) | 299300 |
| Sajni | 226838 | 75613 | 14142 | 316592 | (20072) | 296520 |
| Salem | 241306 | 80225 |  | 321531 | (31906) | 289625 |
| Salinas | 172670 | 57557 | 8994 | 239220 | (13760) | 225461 |
| Saturn | 163562 | 53750 | 6480 | 223792 | (23995) | 199797 |
| Scepter | 177069 | 94500 |  | 271569 | (20505) | 251064 |
| Sequoyah | 187039 | 62000 | 5041 | 254080 | (14107) | 239973 |
| Shallowford | 272709 | 90500 |  | 363209 | (23162) | 340047 |
| Shoreline | 234300 | 77500 |  | 311800 | (29110) | 282690 |
| Sigma | 289989 | 96250 |  | 386239 | (31525) | 354714 |
| Simon | 218698 | 72899 |  | 291597 | (11266) | 280331 |
| Sims | 206196 | 68732 |  | 274929 | (11247) | 263681 |
| Soapstone | 165000 | 55000 | 11177 | 231177 | (24412) | 206765 |
| Sodalis | 218882 | 72961 |  | 291842 | (19235) | 272607 |
| Spencer | 227685 | 75000 |  | 302685 | (29097) | 273588 |
| Splash | 163770 | 53750 |  | 217520 | (21836) | 195684 |
| Spring | 187077 | 62359 |  | 249436 | (16440) | 232996 |
| Stonebriar | 153288 | 51096 |  | 204385 | (14400) | 189985 |
| Sugar | 235235 | 77500 |  | 312735 | (29242) | 283493 |
| Summerset | 192776 | 63750 | 15526 | 272051 | (28158) | 243894 |
| Sundance | 238965 | 78750 | 7575 | 325290 | (21386) | 303904 |
| Sunnyside | 167162 | 55721 |  | 222882 | (11651) | 211231 |
| Swift | 259781 | 86594 | 5641 | 352015 | (27224) | 324791 |
| Taylor | 173433 | 58010 | 5354 | 236796 | (17739) | 219057 |
| Terracotta | 208259 | 112139 |  | 320398 | (20195) | 300203 |
| Theodore | 217070 | 72357 |  | 289427 | (11182) | 278244 |
| Tulip | 239969 | 79990 |  | 319959 | (23270) | 296689 |
| Tuscan | 244164 | 80225 |  | 324389 | (32259) | 292129 |
| Tuscarora | 252508 | 83998 |  | 336505 | (17599) | 318906 |
| Tuxford | 198079 | 66026 |  | 264106 | (19808) | 244298 |
| Vernon | 199031 | 64942 |  | 263973 | (24728) | 239245 |
| Walton | 226775 | 75592 |  | 302367 | (19929) | 282438 |
| Wave | 252771 | 84590 |  | 337362 | (25277) | 312084 |
| Weldon | 159806 | 52500 |  | 212306 | (18886) | 193420 |
| Wellington | 306669 | 101250 | 6650 | 414569 | (28570) | 385999 |
| Wentworth | 172251 | 56550 | 8000 | 236801 | (22507) | 214294 |
| Wescott | 207088 | 69029 |  | 276118 | (18826) | 257291 |
| Westchester | 257791 | 85000 |  | 342791 | (32028) | 310763 |
| Wildwood | 166727 | 55576 |  | 222303 | (15662) | 206640 |
| Willow | 221118 | 73250 |  | 294368 | (18762) | 275607 |
| Wilson | 289478 | 96830 | 5795 | 392103 | (28232) | 363871 |
| Winchester | 200150 | 66717 | 5698 | 272564 | (11224) | 261340 |
| Windsor | 264500 | 87500 |  | 352000 | (32862) | 319138 |
| Winston | 248565 | 82855 |  | 331420 | (21090) | 310330 |
| Wisteria | 224188 | 74729 | 7912 | 306830 | (23586) | 283244 |
|  | $**57440937** | $**19596642** | $**549424** | $**77587002** | $**(5380416)** | $**72206586** |

---

Depreciation expense was $1,094,523 and $1,088,121, respectively, for the six months ended June 30, 2025 and 2024.

**NOTE 5: MORTGAGE PAYABLES, NET**

The Company has mortgages with Arvest Bank, Certain Lending, and Arrived Short Term Notes, LLC, an affiliate of the Manager. The following is a summary of the mortgages by each Series as of June 30, 2025 and 2024:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| **Series** | **Lender** | **Address** | **Mortgage Principal** | **Financing Strategy** | **Term** | **Interest Only Period** | **Interest Rate** |
| Arrived NC Amber, LLC | Certain Lending | 7312 Amberly Hills Rd, Charlotte, NC 28215 | 200830 | Term | 30 | 7 | 3.875% |
| Arrived Homes Series Apollo, a series of Arrived Homes, LLC | Certain Lending | 609 Marguerite Drive, Huntsville, AL 35808 | 136500 | Term | 30 | 7 | 5.625% |
| Arrived AR Aster, LLC | Certain Lending | 490 W Aster Avenue, Farmington, AR 72730 | 127500 | Term | 30 | 7 | 6.625% |
| Arrived AL Avebury, LLC | Certain Lending | 287 Avebury Rd, Meridianville, AL 35759 | 203000 | Term | 30 | 7 | 3.875% |
| Arrived SC Badminton, LLC | Certain Lending | 414 Badminton Ct, Lexington, SC 29072 | 174200 | Term | 30 | 5 | 4.625% |
| Arrived AZ Bandelier, LLC | Certain Lending | 6180 W Bandelier Ct, Tucson, AZ 85742 | 244930 | Term | 30 | 7 | 3.875% |
| Arrived SC Basil, LLC | Certain Lending | 317 Morning Creek Dr, Easley, SC 29640 | 131625 | Term | 30 | 5 | 4.625% |
| Arrived SC Bayside, LLC | Certain Lending | 59 Bayside Ct, Columbia, SC 29229 | 165750 | Term | 30 | 5 | 4.625% |
| Arrived SC Bedford, LLC | Certain Lending | 808 Derby Downs Ct, Elgin, SC 29045 | 196000 | Term | 30 | 7 | 3.875% |
| Arrived TN Brainerd, LLC | Arrived Short Term Notes, LLC | 1307 Vance Road, Chattanooga, TN 37421 | 145000 | Term | 30 | 5 | 5.950% |
| Arrived AL Brennan, LLC | Certain Lending | 1305 19th Avenue SW, Decatur, AL 35603 | 157500 | Term | 30 | 7 | 5.625% |
| Arrived Homes Series Brooklyn, a series of Arrived Homes, LLC | Arrived Short Term Notes, LLC | 2261 Reece Boulevard, Tuscaloosa, AL 35401 | 83000 | Term | 30 | 5 | 5.950% |
| Arrived SC Butter, LLC | Certain Lending | 162 Lucky Day Dr, Summerville, SC 29486 | 262426 | Term | 30 | 7 | 3.875% |
| Arrived AR Chaparral, LLC | Arvest Bank | 4309 W Chaparral Ln, Fayetteville, AR 72704 | 104310 | Term | 10 | 5 | 4.00% |
| Arrived AL Chelsea, LLC | Certain Lending | 274 Chelsea Park Rd, Chelsea, AL 35043 | 215492 | Term | 30 | 7 | 3.875% |
| Arrived TN Chester, LLC | Certain Lending | 6097 Amber Forest Trail, Hixson, TN 37343 | 186000 | Term | 30 | 7 | 6.625% |
| Arrived SC Coatbridge, LLC | Certain Lending | 172 Coatbridge Dr, Blythewood, SC 29016 | 175500 | Term | 30 | 5 | 4.625% |
| Arrived NC Collinston, LLC | Certain Lending | 1507 Collinston Dr, Gastonia, NC 28052 | 136500 | Term | 30 | 5 | 3.875% |
| Arrived Homes Series Creekwood, a series of Arrived Homes, LLC | Certain Lending | 361 Harbor Glen Drive SW, Madison, AL 35756 | 144750 | Term | 30 | 7 | 6.625% |
| Arrived AR Cupcake LLC | Certain Lending | 358 N Mojave St, Farmington, AR 72730 | 152989 | Term | 30 | 7 | 3.875% |
| Arrived GA Cypress, LLC | Certain Lending | 3450 Cypress Club Trail, Austell, GA 30106 | 182500 | Term | 30 | 7 | 6.625% |
| Arrived NC Davidson LLC | Certain Lending | 922 W Davidson St, Gastonia, NC 28052 | 147000 | Term | 30 | 7 | 3.875% |
| Arrived SC Dawson, LLC | Certain Lending | 313 Dawsons Park Dr, Lexington, SC 29072 | 146250 | Term | 30 | 5 | 4.625% |
| Arrived GA Delta, LLC | Certain Lending | 5042 Rapahoe Trl, Atlanta, GA 30349 | 226800 | Term | 30 | 7 | 3.875% |
| Arrived SC Dewberry, LLC | Certain Lending | 130 Bonhomme Cir, Lexington, SC 29072 | 121225 | Term | 30 | 5 | 4.625% |
| Arrived AZ Diablo, LLC | Certain Lending | 6566 S Diablo Dr, Tucson, AZ 85757 | 207900 | Term | 30 | 7 | 3.875% |
| Arrived SC Dolittle, LLC | Certain Lending | 204 Doolittle Dr, Chapin, SC 29036 | 207577 | Term | 30 | 7 | 3.875% |
| Arrived AR Eagle, LLC | Certain Lending | 554 N Goose Crossing, Farmington, AR 72730 | 135000 | Term | 30 | 7 | 6.625% |
| Arrived SC Eastfair, LLC | Certain Lending | 461 Eastfair Dr, Columbia, SC 29209 | 150000 | Term | 30 | 5 | 4.625% |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| **Series** | **Lender** | **Address** | **Mortgage Principal** | **Financing Strategy** | **Term** | **Interest Only Period** | **Interest Rate** |
| Arrived SC Elevation, LLC | Certain Lending | 305 Elevation Ct, Inman, SC 29349 | 172250 | Term | 30 | 5 | 4.625% |
| Arrived SC Elm, LLC | Certain Lending | 1231 Tolliver St, Columbia, SC 29201 | 107250 | Term | 30 | 5 | 4.625% |
| Arrived GA Emporia, LLC | Certain Lending | 625 Emporia Loop, McDonough, GA 30253 | 245000 | Term | 30 | 7 | 3.875% |
| Arrived CO Ensenada, LLC | Certain Lending | 6293 N Ensenada Ct, Aurora, CO 80019 | 392000 | Term | 30 | 7 | 3.875% |
| Arrived AR Falcon, LLC | Certain Lending | 375 Canada Dr, Farmington, AR 72730 | 135000 | Term | 30 | 7 | 6.625% |
| Arrived SC Forest, LLC | Certain Lending | 407 Forest Hills Rd, Summerville, SC 29486 | 227500 | Term | 30 | 5 | 4.625% |
| Arrived Homes Series Gardens, a series of Arrived Homes, LLC | Certain Lending | 2014 Inverness Pkwy, Tuscaloosa, AL 35405 | 136500 | Term | 30 | 7 | 4.750% |
| Arrived AR Goose, LLC | Certain Lending | 561 N Goose Crossing, Farmington, AR 72730 | 125750 | Term | 30 | 7 | 6.625% |
| Arrived GA Grant, LLC | Certain Lending | 1770 Grant Ct, Braselton, GA 30517 | 259000 | Term | 30 | 7 | 3.875% |
| Arrived SC Greenhill, LLC | Certain Lending | 640 Frow Dr, Elgin, SC 29045 | 227784 | Term | 30 | 7 | 3.875% |
| Arrived Homes Series Grove, a series of Arrived Homes, LLC | Certain Lending | 109 Annie Lane, Pleasant Grove, AL 35127 | 157500 | Term | 30 | 7 | 4.750% |
| Arrived SC Hadden, LLC | Certain Lending | 142 Hadden St, Duncan, SC 29334 | 143500 | Term | 30 | 7 | 3.875% |
| Arrived TN Hansel, LLC | Certain Lending | 4457 Jack Faulk St, Murfreesboro, TN 37127 | 201995 | Term | 30 | 7 | 6.625% |
| Arrived TN Harrison, LLC | Certain Lending | 5776 Caney Ridge Circle, Ooltewah, TN 37363 | 230000 | Term | 30 | 7 | 6.625% |
| Arrived Homes Series Heritage, a series of Arrived Homes, LLC | Certain Lending | 432 The Gables Drive, McDonough, GA 30253 | 203000 | Term | 30 | 7 | 4.750% |
| Arrived SC Heron, LLC | Certain Lending | 8334 Whitehaven Drive, North Charleston, SC 29420 | 200900 | Term | 30 | 7 | 4.750% |
| Arrived NC Holland LLC | Certain Lending | 910 N Ransom St, Gastonia, NC 28052 | 147000 | Term | 30 | 7 | 3.875% |
| Arrived TN Hollandaise, LLC | Certain Lending | 741 Hollandale Rd, La Vergne, TN 37086 | 255500 | Term | 30 | 7 | 3.875% |
| Arrived SC Holloway, LLC | Certain Lending | 601 W Czardas Way, Woodruff, SC 29388 | 221000 | Term | 30 | 5 | 4.625% |
| Arrived TN Jack, LLC | Certain Lending | 4434 Jack Faulk St, Murfreesboro, TN 37127 | 289629 | Term | 30 | 7 | 4.375% |
| Arrived TN Jill, LLC | Certain Lending | 4481 Jack Faulk Street, Murfreesboro, TN 37127 | 201320 | Term | 30 | 7 | 6.625% |
| Arrived NC Jupiter LLC | Certain Lending | 930 Junius St, Gastonia, NC 28052 | 139750 | Term | 30 | 5 | 4.625% |
| Arrived AL Kawana, LLC | Certain Lending | 28041 Kawana Ct, Harvest, AL 35749 | 192500 | Term | 30 | 7 | 3.875% |
| Arrived NC KerriAnn, LLC | Certain Lending | 414 Kerriann Ln, Clayton, NC 27520 | 238000 | Term | 30 | 7 | 3.875% |
| Arrived AR Kessler, LLC | Certain Lending | 12520 Meadow Oaks Lane, Farmington, AR 72730 | 128500 | Term | 30 | 7 | 6.625% |
| Arrived SC Kingsley, LLC | Certain Lending | 505 Kingsley View Rd, Blythewood, SC 29016 | 215000 | Term | 30 | 5 | 4.625% |
| Arrived TN Kirkwood, LLC | Certain Lending | 1064 Cindy Jo Court, Clarksville, TN 37040 | 182000 | Term | 30 | 7 | 4.750% |
| Arrived SC Lallie, LLC | Certain Lending | 210 Ilderton St, Summerville, SC 29483 | 240500 | Term | 30 | 5 | 4.625% |
| Arrived Homes Series Lanier, a series of Arrived Homes, LLC | Certain Lending | 6464 Flowery Way, Flowery Branch, GA 30542 | 263900 | Term | 30 | 7 | 4.750% |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| **Series** | **Lender** | **Address** | **Mortgage Principal** | **Financing Strategy** | **Term** | **Interest Only Period** | **Interest Rate** |
| Arrived Homes Series Lannister, a series of Arrived Homes, LLC | Certain Lending | 2263 Reece Blvd, Tuscaloosa, AL 35401 | 115500 | Term | 30 | 7 | 6.125% |
| Arrived SC Lennox, LLC | Certain Lending | 1320 House St, Columbia, SC 29204 | 139750 | Term | 30 | 5 | 4.625% |
| Arrived AR Lierly, LLC | Arvest Bank | 4203 W Lierly Ln, Fayetteville, AR 72704 | 131100 | Term | 10 | 5 | 4.00% |
| Arrived CO Lily, LLC | Certain Lending | 9799 Desert Lily Cir, Colorado Springs, CO 80925 | 311500 | Term | 30 | 7 | 3.875% |
| Arrived SC Limestone LLC | Certain Lending | 863 Bergenfield Ln, Chapin, SC 29036 | 203000 | Term | 30 | 5 | 3.875% |
| Arrived TN Litton, LLC | Arrived Short Term Notes, LLC | 7304 Calla Crossing, Knoxville, TN 37918 | 160000 | Term | 30 | 5 | 5.95% |
| Arrived Homes Series Louise, a series of Arrived Homes, LLC | Certain Lending | 2615 Lily Way, Northport, AL 35473 | 182000 | Term | 30 | 7 | 4.375% |
| Arrived GA Lovejoy, LLC | Certain Lending | 2658 Lovejoy Crossing Dr, Hampton, GA 30228 | 205100 | Term | 30 | 7 | 3.875% |
| Arrived SC Luna, LLC | Certain Lending | 417 Hosea Ct, Lexington, SC 29072 | 150000 | Term | 30 | 5 | 4.625% |
| Arrived Homes Series Lurleen, a series of Arrived Homes, LLC | Arrived Short Term Notes, LLC | 129 Whitestone Drive Northeast, Huntsville, AL 35810 | 110000 | Term | 30 | 5 | 6.499% |
| Arrived Homes Series Madison, a series of Arrived Homes, LLC | Certain Lending | 902 NW Appleby Street, Huntsville, AL 35816 | 102500 | Term | 30 | 7 | 6.00% |
| Arrived GA Magnolia, LLC | Certain Lending | 4741 Kings Highway, Douglasville, GA 30135 | 175000 | Term | 30 | 7 | 5.625% |
| Arrived AR Malbec, LLC | Certain Lending | 755 N Malbec Rd, Fayetteville, AR 72704 | 208585 | Term | 30 | 5 | 4.625% |
| Arrived Homes Series Mammoth, a series of Arrived Homes, LLC | Certain Lending | 200 Vernon Walk, McDonough, GA 30252 | 238000 | Term | 30 | 7 | 4.750% |
| Arrived SC Marietta, LLC | Certain Lending | 436 Marietta Ln, Greer, SC 29651 | 152113 | Term | 30 | 7 | 6.625% |
| Arrived SC Matchingham, LLC | Certain Lending | 1077 Matchingham Dr, Columbia, SC 29223 | 146364 | Term | 30 | 7 | 3.875% |
| Arrived CO McLovin, LLC | Certain Lending | 10711 Truckee Cir, Commerce City, CO 80022 | 367500 | Term | 30 | 7 | 3.875% |
| Arrived NC Meadow, LLC | Certain Lending | 9235 Avery Meadows Dr, Charlotte, NC 28216 | 214900 | Term | 30 | 7 | 3.875% |
| Arrived Homes Series Mimosa, a series of Arrived Homes, LLC | Arrived Short Term Notes, LLC | 6208 Mimosa Gardens Drive, Tuscaloosa, AL 35405 | 107500 | Term | 30 | 5 | 6.625% |
| Arrived AR Mojave LLC | Certain Lending | 340 N Mojave St, Farmington, AR 72730 | 163800 | Term | 30 | 7 | 3.875% |
| Arrived SC Murphy, LLC | Certain Lending | 211 Doolittle Dr, Chapin, SC 29036 | 207270 | Term | 30 | 7 | 3.875% |
| Arrived CO Odessa, LLC | Certain Lending | 4669 S Odessa St, Aurora, CO 80015 | 374500 | Term | 30 | 7 | 3.875% |
| Arrived SC Olive, LLC | Certain Lending | 240 Tea Olive Ave, Lexington, SC 29073 | 126100 | Term | 30 | 5 | 4.625% |
| Arrived CO Oly, LLC | Certain Lending | 8880 E 106th Pl, Commerce City, CO 80640 | 368200 | Term | 30 | 7 | 3.875% |
| Arrived GA Otoro, LLC | Certain Lending | 2970 Parkland Vw, Atlanta, GA 30331 | 274400 | Term | 30 | 7 | 3.875% |
| Arrived AR Patrick, LLC | Arvest Bank | 4309 W Patrick St, Fayetteville, AR 72704 | 108300 | Term | 10 | 5 | 4.00% |
| Arrived Homes Series Peanut, a series of Arrived Homes, LLC | Certain Lending | 160 Roscommon Rd, Tuscaloosa, AL 35405 | 147000 | Term | 30 | 7 | 4.750% |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| **Series** | **Lender** | **Address** | **Mortgage Principal** | **Financing Strategy** | **Term** | **Interest Only Period** | **Interest Rate** |
| Arrived AR Pecan, LLC | Arvest Bank | 4481 W Pecan St, Fayetteville, AR 72704 | 112860 | Term | 10 | 5 | 4.00% |
| Arrived GA Piedmont, LLC | Certain Lending | 4774 Brookwood Place, Atlanta, GA 30349 | 192500 | Term | 30 | 7 | 6.625% |
| Arrived AR Pinot, LLC | Certain Lending | 763 N Malbec Rd, Fayetteville, AR 72704 | 210740 | Term | 30 | 5 | 4.625% |
| Arrived AR Plumtree, LLC | Arvest Bank | 4455 W Chaparral Ln, Fayetteville, AR 72704 | 111150 | Term | 10 | 5 | 4.00% |
| Arrived TN Point, LLC | Certain Lending | 1129 Hilliard Lane, Clarksville, TN 37042 | 267750 | Term | 30 | 7 | 4.750% |
| Arrived NM Redondo, LLC | Arrived Short Term Notes, LLC | 8924 Arkansas Road NW, Albuquerque, NM 87120 | 157500 | Term | 30 | 5 | 6.625% |
| Arrived OH Regency, LLC | Arrived Short Term Notes, LLC | 200 Regency Square, Maineville, OH 45039 | 137500 | Term | 30 | 5 | 6.990% |
| Arrived NC Ribbonwalk, LLC | Certain Lending | 3512 Ribbonwalk Trl, Charlotte, NC 28269 | 224000 | Term | 30 | 7 | 3.875% |
| Arrived SC Ridge, LLC | Certain Lending | 308 Oristo Ridge Way, West Columbia, SC 29170 | 140400 | Term | 30 | 5 | 4.625% |
| Arrived SC River, LLC | Certain Lending | 232 Rivers Edge Cir, Simpsonville, SC 29680 | 172250 | Term | 30 | 5 | 4.625% |
| Arrived AZ Rooney, LLC | Certain Lending | 5309 S 18th Pl, Phoenix, AZ 85040 | 259000 | Term | 30 | 7 | 3.875% |
| Arrived SC Roseberry, LLC | Certain Lending | 5013 Paddy Field Way, Ladson, SC 29456 | 211250 | Term | 30 | 5 | 4.625% |
| Arrived Homes Series Rosewood, a series of Arrived Homes, LLC | Certain Lending | 2633 Lily Way, Northport, AL 35473 | 189000 | Term | 30 | 7 | 4.750% |
| Arrived TN Roxy, LLC | Certain Lending | 3736 Gray Fox Drive, Clarksville, TN 37040 | 220500 | Term | 30 | 7 | 4.750% |
| Arrived CO Saddlebred, LLC | Certain Lending | 6213 Saddlebred Way, Colorado Springs, CO 80925 | 332500 | Term | 30 | 5 | 3.875% |
| Arrived AZ Saint, LLC | Certain Lending | 7713 W Long Boat Way, Tucson, AZ 85757 | 211992 | Term | 30 | 7 | 3.875% |
| Arrived AR Salem, LLC | Certain Lending | 659 N Salem Rd, Fayetteville, AR 72704 | 212550 | Term | 30 | 5 | 4.625% |
| Arrived NC Saturn, LLC | Certain Lending | 923 Jupiter St, Gastonia, NC 28052 | 139750 | Term | 30 | 5 | 4.625% |
| Arrived AZ Scepter, LLC | Certain Lending | 216 E Scepter Ln, Vail, AZ 85641 | 189000 | Term | 30 | 7 | 3.875% |
| Arrived AR Sequoyah, LLC | Arrived Short Term Notes, LLC | 981 E Starling St, Fayetteville, AR 72704 | 124000 | Term | 30 | 5 | 5.950% |
| Arrived TN Shallowford, LLC | Certain Lending | 7258 Noah Reid Road, Chattanooga, TN 37421 | 181000 | Term | 30 | 7 | 6.625% |
| Arrived SC Shoreline, LLC | Certain Lending | 606 Shoreline Blvd, Boiling Springs, SC 29316 | 211900 | Term | 30 | 5 | 4.625% |
| Arrived NC Sigma, LLC | Certain Lending | 116 Canvasback Dr, Durham, NC 27704 | 269500 | Term | 30 | 7 | 3.875% |
| Arrived AR Soapstone, LLC | Arvest Bank | 4672 W Soapstone Dr, Fayetteville, AR 72704 | 128250 | Term | 10 | 5 | 4.00% |
| Arrived SC Spencer, LLC | Certain Lending | 9621 Spencer Woods Rd, Ladson, SC 29457 | 195000 | Term | 30 | 5 | 4.625% |
| Arrived AR Splash, LLC | Arvest Bank | 994 S Splash Dr, Fayetteville, AR 72701 | 122500 | Term | 10 | 5 | 4.00% |
| Arrived Homes Series Stonebriar, a series of Arrived Homes, LLC | Certain Lending | 4342 Winchester Hills Drive, Birmingham, AL 35215 | 134400 | Term | 30 | 7 | 4.750% |
| Arrived SC Sugar, LLC | Certain Lending | 300 Southern Sugar Ave, Moncks Corner, SC 29461 | 201500 | Term | 30 | 5 | 4.625% |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| **Series** | **Lender** | **Address** | **Mortgage Principal** | **Financing Strategy** | **Term** | **Interest Only Period** | **Interest Rate** |
| Arrived SC Summerset, LLC | Certain Lending | 2016 Culloden Dr, Summerville, SC 29483 | 165750 | Term | 30 | 5 | 4.625% |
| Arrived NM Sundance, LLC | Arrived Short Term Notes, LLC | 620 Creekside Avenue SW, Los Lunas, NM 87031 | 157500 | Term | 30 | 5 | 6.625% |
| Arrived Homes Series Taylor, a series of Arrived Homes, LLC | Certain Lending | 2209 44th Avenue, Northport, AL 35476 | 115000 | Term | 30 | 7 | 6.625% |
| Arrived AZ Terracotta, LLC | Certain Lending | 10954 E Oak Grove Pl, Tucson, AZ 85747 | 222600 | Term | 30 | 7 | 3.875% |
| Arrived Homes Series Tulip, a series of Arrived Homes, LLC | Certain Lending | 7339 Tulip Trestle Ct, Northport, AL 35473 | 221900 | Term | 30 | 7 | 4.750% |
| Arrived AR Tuscan, LLC | Arvest Bank | 3474 W Tuscan Rd, Fayetteville, AR 72704 | 181480 | Term | 10 | 5 | 4.00% |
| Arrived SC Tuxford, LLC | Certain Lending | 958 Tuxford Trl, Elgin, SC 29045 | 178500 | Term | 30 | 7 | 3.875% |
| Arrived SC Vernon, LLC | Certain Lending | 135 McMakin Dr, Lyman, SC 29365 | 181837 | Term | 30 | 7 | 3.875% |
| Arrived GA Wave, LLC | Certain Lending | 7491 Waverly Loop, Fairburn, GA 30213 | 224000 | Term | 30 | 7 | 3.875% |
| Arrived NC Weldon LLC | Certain Lending | 914 N Ransom St, Gastonia, NC 28052 | 136500 | Term | 30 | 5 | 3.875% |
| Arrived AR Wentworth, LLC | Certain Lending | 352 N Mojave St, Farmington, AR 72730 | 158340 | Term | 30 | 7 | 3.875% |
| Arrived TN Wescott, LLC | Certain Lending | 416 Sandburg Drive, Clarksville, TN 37042 | 136250 | Term | 30 | 7 | 6.000% |
| Arrived SC Westchester, LLC | Certain Lending | 488 Forest Creek Way, Elgin, SC 29045 | 198900 | Term | 30 | 5 | 4.625% |
| Arrived TN Wildwood, LLC | Certain Lending | 1672 Southern Heights Circle SE, Cleveland, TN 37311 | 110000 | Term | 30 | 7 | 5.50% |
| Arrived SC Windsor, LLC | Certain Lending | 3910 Greico Rd, North Charleston, SC 29420 | 227500 | Term | 30 | 5 | 4.625% |
| Arrived Homes Series Wisteria, a series of Arrived Homes, LLC | Certain Lending | 9300 Cotton Fields Cr, Tuscaloosa, AL 35405 | 207477 | Term | 30 | 7 | 4.750% |
|  |  |  | $**24021338** |  |  |  |  |

---

The mortgages are secured by each Series' property. For the six months ended June 30, 2025, the entire principal of the mortgage loans remained outstanding, with maturities dates in excess of one year and thus reflected as non-current liabilities on the consolidated and consolidating balance sheets.

Loan fees incurred in connection with the mortgages were capitalized as a debt discount and are being amortized to interest expenses over the life of the loan. For the six months ended June 30, 2025 and 2024, the Company recorded amortization of loan fees of $8,231 and $10,533, respectively. For the six months ended June 30, 2025, mortgage payable, net of unamortized loan fees of $291,518 was $23,729,820. For the six months ended June 30, 2024 mortgage payable, net of unamortized loan fees of $310,668 was $23,900,670.

There were no changes in the composition of mortgage payables compared to December 31, 2024. The principal amounts outstanding as of June 30, 2025 are consistent with those reported as of December 31, 2024. Unamortized loan fees are presented as a deduction from mortgage payables and totaled $291,518 and $299,749, respectively, as of June 30, 2025 and December 31, 2024.

**NOTE 6: OPERATIONAL NOTES PAYABLE, RELATED PARTY**

As of June 30, 2025 and December 31, 2024, several Series obtained operational notes from a related party, Arrived Short Term Notes, LLC, in an aggregate amount of $2,354,400 and $2,045,300, respectively. These notes have a term of 18 months and bear interest at a rate of 6.5% to 7.5% per annum. The operational notes do not have any prepayment penalties. The proceeds were used for property improvements and other operating needs. Interest expense associated with these notes for the six months ended June 30, 2025 and 2024 was $80,017 and $0, respectively.

**NOTE 7: MEMBERS' EQUITY**

During the six months ended June 30, 2024, each Series was managed by Arrived Holdings, Inc., a Delaware corporation. Effective January 2025, management responsibilities were transferred to Arrived Fund Manager, LLC, a Delaware limited liability company. Arrived Fund Manager, LLC is under common control with Arrived Holdings, Inc. and is therefore a related party.

Each Series is managed by Arrived Fund Manager, LLC, a Delaware limited liability company and managing member of the Company. Pursuant to the terms of the operating agreement, the Manager will provide certain management and advisory services, as well as management team and appropriate support personnel to the Company.

The Manager will be responsible for directing the management of Series' business and affairs, managing the day-to-day affairs, and implementing the Series' investment strategy.

The Manager has a unilateral ability to amend the operating agreement and the allocation policy in certain circumstances without the consent of the investors. The investors only have limited voting rights with respect to the Series. The Manager has sole discretion in determining what distributions, if any, are made to interest holders except as otherwise limited by law or the operating agreement. The Series expects the Manager to make distributions on a monthly basis. However, the Manager may change the timing of distributions or determine that no distributions shall be made, in its sole discretion.

*Membership Interests*

There were no Series offering closes or redemptions during the six months ended June 30, 2025.

During the six months ended June 30, 2024, certain Series completed public offerings as follows:

● Arrived Homes Series Abernant, a Series of Arrived Homes, LLC ("Abernant"), resulting in the issuance of 27,213 membership interests (representing ownership units of the Series) for net proceeds of $252,032.

● Arrived Homes Series Alvin, a Series of Arrived Homes, LLC ("Alvin"), resulting in the issuance of 37,366 membership interests (representing ownership units of the Series) for net proceeds of $345,786.

● Arrived Homes Series Hargrave, a Series of Arrived Homes, LLC ("Hargrave"), resulting in the issuance of 28,019 membership interests (representing ownership units of the Series) for net proceeds of $259,629.

● Arrived Homes Series Richmond, a Series of Arrived Homes, LLC ("Richmond"), resulting in the issuance of 44,809 membership interests (representing ownership units of the Series) for net proceeds of $414,717.

During the six months ended June 30, 2024, the Series also redeemed an aggregate of 7,377 membership interests (representing ownership units of the Series) across various Series for total redemption proceeds of $73,770.

In connection with the public offerings, each Series incurred brokerage fees equal to 1% of gross proceeds, which were paid directly to the broker as a deduction from gross proceeds. Pursuant to the operating agreement, the Manager received the following reimbursements, which were deducted from the gross proceeds of the offerings. For the six months ended June 30, 2025 and 2024, reimbursements and fees paid to the Manager were as follows:

● Out-of-pocket expenses: up to 2% of gross proceeds; $0 and $27,505, respectively.

● Sourcing fees: up to 3.5% of gross proceeds; $0 and $40,480, respectively.

● Financing and holding expenses: up to 2.5% of gross proceeds; $0 and $20,220, respectively.

*Distributions*

 

During the six months ended June 30, 2025 and 2024, 229 and 241 Series, respectively, recorded distributions to the investors of the respective Series totaling $876,319 and $990,663, respectively, which were recorded as a reduction to members' capital.

The following table reflects total distributions by Series during the six months ended June 30, 2025 and 2024.

---

| | | |
|:---|:---|:---|
| **Series** | **June 30,<br> 2025** | **June 30,<br> 2024** |
| 100 | $5528 | $7823 |
| 101 | 7589 | 5602 |
| Abbington | 9437 | 5322 |
| Abernant | 5495 | 6257 |
| Alvin | 9376 | 8966 |
| Amber | 2088 | 1430 |
| Apollo | 927 | 975 |
| Aster | 915 | 1589 |
| Augusta | 7002 | 7495 |
| Avebury | 2019 | 1126 |
| Avondale | 6219 | 5132 |
| Badminton | 1647 | 1798 |
| Ballinger | 6725 | 7993 |
| Bandelier | 1843 | 1357 |
| Baron | 7801 | 4620 |
| Basil | 2099 | 2042 |
| Bayside | 1930 | 3224 |
| Bazzel | 2524 | 3078 |
| Bedford |  | 2297 |
| Bella | 6058 | 7327 |
| Belle | 4943 | 4443 |
| Belvedere | 8463 | 8848 |
| Bergenia | 6239 | 6446 |
| Blossom | 5727 | 6002 |
| Bonneau | 3852 | 5548 |
| Brainerd | 5120 | 4501 |
| Braxton | 6063 | 8829 |
| Brennan |  | 805 |
| Briarwood | 7861 | 6467 |
| Brooklyn | 1855 | 2067 |
| Burlington | 8232 | 5134 |
| Butter | 2262 | 2215 |
| Calvin | 7756 | 6766 |
| Camino | 6008 | 6383 |
| Cawley | 7453 | 8640 |
| Centennial \* |  | 2803 |
| Chaparral | 3521 | 2693 |
| Chelsea | 3422 | 3172 |
| Chester | 2703 | 2484 |
| Chickamauga | 8095 | 8913 |
| Chinook | 5593 | 7469 |
| Chitwood | 7670 | 8162 |
| Clover | 3218 | 4659 |
| Coatbridge | 1558 | 1558 |
| Collier | 6641 | 5332 |
| Collinston | 715 | 204 |
| Conway | 8853 | 4662 |
| Cove | 2488 | 1971 |
| Creekside | 7275 | 7300 |
| Creekwood | 1203 | 2349 |
| Cumberland | 6023 | 6157 |
| Cupcake | 3463 | 4044 |
| Cypress | 2756 | 2805 |
| Daisy | 6278 | 6421 |
| Davidson | 749 | 1340 |
| Dawson | 1469 | 1403 |
| Delta | 130 | 434 |
| Dewberry | 1127 | 1924 |
| Diablo | 1650 | 1225 |
| Dogwood | 4612 | 4723 |
| Dolittle | 1444 | 2861 |
| Dolly | 11802 | 3384 |
| Dops | 5414 | 5896 |
| Dorchester | 3122 | 5249 |
| Dunbar |  | 3157 |
| Eagle | 2951 | 4835 |

---

---

| | | |
|:---|:---|:---|
| **Series** | **June 30,<br> 2025** | **June 30,<br> 2024** |
| Eastfair |  | 2160 |
| Eastwood | 6927 | 2772 |
| Elevation | 729 | 1470 |
| Ella | 4441 | 7078 |
| Ellen | 5914 | 6300 |
| Elm | 1527 | 1511 |
| Emporia |  | 2256 |
| Ensenada | 2010 | 1525 |
| Falcon | 3138 | 4571 |
| Felix | 5120 | 6630 |
| Fenwick | 5430 | 8057 |
| Fletcher | 6055 | 5602 |
| Folly | 4055 | 4349 |
| Forest | 1866 | 649 |
| Foster | 8360 | 10152 |
| Franklin | 6529 | 6281 |
| Gardens | 2286 | 2229 |
| General | 9139 | 8539 |
| Goose | 3360 | 4778 |
| Grant | 2734 | 3526 |
| Greenhill | 2293 | 3276 |
| Gretal | 9678 | 8789 |
| Grove | 235 | 1113 |
| Hadden | 513 | 2695 |
| Hansard | 4717 | 8663 |
| Hansel | 1202 | 2164 |
| Hargrave | 3586 | 4230 |
| Harrison | 3815 | 3895 |
| Henry | 4231 | 1413 |
| Heritage | 787 | 1699 |
| Heron | 241 | 1714 |
| Highland | 451 | 4865 |
| Hines | 4240 | 3716 |
| Hobbes | 6308 | 4177 |
| Holcomb | 5273 | 6049 |
| Holland | 1223 | 1101 |
| Hollandaise | 722 | 1462 |
| Holloway | 2788 | 3689 |
| Inglewood | 9722 | 7629 |
| Irene | 6591 | 5880 |
| Jack | 1835 | 1688 |
| Jake | 5997 | 6403 |
| Jefferson | 8740 | 7976 |
| Jill | 3351 | 4103 |
| Johnny | 8333 | 5307 |
| June | 5440 | 4713 |
| Jupiter | 1502 | 735 |
| Kawana | 3173 | 2818 |
| Kennesaw | 7658 | 5194 |
| Kenny | 10821 | 787 |
| KerriAnn | 660 | 728 |
| Kessler | 444 | 1161 |
| Kingsley | 454 | 2688 |
| Kirkwood | 1203 | 1612 |
| Korin | 8039 | 7877 |
| Lallie |  | 1363 |
| Lanier | 792 | 1848 |
| Lannister | 1088 | 975 |
| Latte | 1974 | 5674 |
| Lennox | 2214 | 2818 |
| Lierly | 4236 | 4255 |
| Lily | 1202 | 1611 |
| Limestone | 768 | 1014 |
| Litton | 4900 | 3190 |
| Longwoods | 5590 | 6844 |
| Lookout | 5440 | 5481 |
| Loretta | 3651 | 5749 |
| Louis | 7098 | 7032 |

---

---

| | | |
|:---|:---|:---|
| **Series** | **June 30,<br> 2025** | **June 30,<br> 2024** |
| Louise | 2448 | 2276 |
| Lovejoy | 2132 | 2420 |
| Luna | 1750 | 1041 |
| Lurleen | 430 | 3549 |
| Madison | 1728 | 1279 |
| Mae | 4872 | 7335 |
| Magnolia | 245 | 1290 |
| Malbec | 2783 | 3556 |
| Mammoth |  | 366 |
| Marcelo | 6079 | 7429 |
| Marie | 11254 | 10032 |
| Marietta | 262 | 1612 |
| Marion | 4685 | 5871 |
| Marple | 2511 | 5491 |
| Martell | 5293 | 4647 |
| Mary | 7875 | 7715 |
| Matchingham | 2591 | 3439 |
| McGregor | 4344 | 5137 |
| McLovin | 2414 | 3995 |
| Meadow | 1781 | 2319 |
| Mimosa | 1259 | 3583 |
| Mojave | 2325 | 3176 |
| Murphy | 1461 | 1135 |
| Mycroft | 6228 | 5451 |
| Nugget | 6117 | 7451 |
| Odessa | 1859 | 2406 |
| Olive | 1188 | 2594 |
| Oly | 2620 | 2336 |
| Onyx | 5688 | 6341 |
| Oscar | 2448 | 6179 |
| Osceola |  | 6196 |
| Osprey | 3989 | 4433 |
| Otoro | 644 | 782 |
| Palmer | 5658 | 6526 |
| Patrick | 2104 | 1866 |
| Peanut | 1634 | 2030 |
| Pearl |  | 7909 |
| Pecan | 3742 | 4298 |
| Peterson | 5286 | 6967 |
| Piedmont | 1288 | 2783 |
| Pinot | 2889 | 3375 |
| Pioneer | 8402 | 5016 |
| Plumtree | 3242 | 4929 |
| Point | 813 | 1261 |
| Porthos | 7003 | 8754 |
| Quincy | 7325 | 3678 |
| Redondo | 1797 | 2854 |
| Regency | 2195 | 5208 |
| Reginald | 2197 | 5362 |
| Reynolds | 8495 | 7273 |
| Ribbonwalk | 1054 | 1596 |
| Richardson | 4808 | 6808 |
| Richmond | 7881 | 11285 |
| Ridge | 1768 | 2798 |
| Ritter | 7184 | 3770 |
| River | 2387 | 3785 |
| Riverwalk | 4241 | 2813 |
| Rooney | 2811 | 1702 |
| Roseberry | 629 | 3129 |
| Rosewood | 2125 | 1557 |
| Roxy | 1518 | 1747 |
| Saddlebred | 870 | 2136 |
| Saint | 4745 | 3710 |
| Sajni | 5147 | 8158 |
| Salem | 253 | 3580 |
| Salinas | 5218 | 4376 |
| Saturn | 993 | 1748 |
| Scepter | 1509 | 1836 |

---

---

| | | |
|:---|:---|:---|
| **Series** | **June 30,<br> 2025** | **June 30,<br> 2024** |
| Sequoyah | 2675 | 858 |
| Shallowford | 1241 | 1971 |
| Shoreline | 1613 | 2139 |
| Sigma | 1940 | 2749 |
| Simon | 5420 | 7978 |
| Sims | 6393 | 6750 |
| Soapstone | 3131 | 3601 |
| Sodalis | 1001 | 4490 |
| Spencer | 2982 | 3428 |
| Splash | 3254 | 4003 |
| Spring | 3008 | 5043 |
| Stonebriar | 1391 | 975 |
| Sugar | 1263 | 2159 |
| Summerset | 2170 | 828 |
| Sundance | 2726 | 3169 |
| Sunnyside | 6612 | 6165 |
| Swift | 6398 | 5608 |
| Taylor | 510 | 2055 |
| Terracotta | 670 | 2206 |
| Theodore | 7223 | 7291 |
| Tulip | 1019 | 1846 |
| Tuscan | 4656 | 3685 |
| Tuscarora | 5798 | 9144 |
| Tuxford |  | 952 |
| Vernon | 1415 | 1833 |
| Walton | 3601 | 3613 |
| Wave | 153 | 418 |
| Weldon | 1051 | 1470 |
| Wellington | 6543 | 8483 |
| Wentworth | 3442 | 4049 |
| Wescott | 888 | 1563 |
| Westchester | 1249 | 4001 |
| Wildwood | 3125 | 2626 |
| Willow | 3246 | 6015 |
| Wilson | 6821 | 7886 |
| Winchester | 4509 | 8167 |
| Windsor |  | 4725 |
| Winston | 5396 | 7122 |
| Wisteria | 1430 | 1685 |
|  | $**876319** | $**990663** |

---

\* Arrived Series Centennial was divested in October 2024. In November 2024, the Series distributed $23,856 to investors, based on a final share price of $12.00 per share.

*Unallocated Members' Capital*

Unallocated members' capital represents the undistributed retained earnings of Series associated with properties that were divested during the period. Upon disposition, contributed capital and any distributed retained earnings are removed from the consolidated balance sheet together with the divested Series. Retained earnings not distributed to investors and not attributable to continuing Series are reclassified and presented as unallocated members' capital to ensure consolidated equity reflects cumulative results.

**NOTE 8: RELATED PARTY TRANSACTIONS**

The Series' Manager, Arrived Fund Manager, LLC, is the managing member with common management of the Series.

*Mortgage Payables*

 

Certain Series entered into mortgages with the Manager in connection with the purchases of the respective properties. The mortgages with the Manager are referenced in Note 5.

 

*Due from (to) Related Party*

Each Series enter into various transactions with the Manager and its affiliates in the normal course of operating and financing activities. As of June 30, 2025 and December 31, 2024, certain Series had aggregate payables of $2,068,570 and $1,386,475, respectively, to the Manager. These advances are interest-free, do not have defined repayment terms, and are used to support the ongoing operations of the business.

 

*Deemed Contributions*

During the six months ended June 30, 2025 and 2024, no Series received deemed contributions from the Manager.

*Management Compensation* 

During the six months ended June 30, 2025 and 2024, total management fees charged by the Manager, including asset management fees and property management fees, were an aggregate of $360,794 and $322,836, respectively.

The following table reflects the total management compensations paid by Series during the six months ended June 30, 2025 and 2024.

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** |
| **Series** | **Sourcing fees** | **Financing and holding fees** | **Offering expenses** | **Asset management fee** | **Reimbursements of acquisition expenses** | **Property management fee, related party** | **Series** | **Sourcing fees** | **Financing and holding fees** | **Offering expenses** | **Asset management fee** | **Reimbursements of acquisition expenses** | **Property management fee, related party** |
| 100 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $3529 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $699 | 100 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $- | $- | $3529 | $- | $984 |
| 101 |  |  |  | 3632 |  | 1066 | 101 |  |  |  | 3632 |  | 1065 |
| Abbington |  |  |  | 2770 |  | 869 | Abbington |  |  |  | 2770 |  | 818 |
| Abernant |  |  |  | 682 |  | 334 | Abernant | 7950 | 3970 | 5457 | 682 | 2500 | 170 |
| Alvin |  |  |  | 953 |  | 694 | Alvin | 11110 | 5550 | 7477 | 953 | 2500 | 638 |
| Amber |  |  |  | 732 |  | 290 | Amber |  |  |  | 732 |  |  |
| Apollo |  |  |  | 537 |  | 58 | Apollo |  |  |  | 537 |  |  |
| Aster |  |  |  | 765 |  | 358 | Aster |  |  |  | 765 |  | 334 |
| Augusta |  |  |  | 894 |  | 538 | Augusta |  |  |  | 894 |  | 504 |
| Avebury |  |  |  | 751 |  | 257 | Avebury |  |  |  | 751 |  |  |
| Avondale |  |  |  | 990 |  | 538 | Avondale |  |  |  | 990 |  | 635 |
| Badminton |  |  |  | 551 |  | 309 | Badminton |  |  |  | 551 |  |  |
| Ballinger |  |  |  | 896 |  | 586 | Ballinger |  |  |  | 896 |  | 302 |
| Bandelier |  |  |  | 739 |  | 550 | Bandelier |  |  |  | 739 |  | 600 |
| Baron |  |  |  | 3265 |  | 1078 | Baron |  |  |  | 3265 |  | 808 |
| Basil |  |  |  | 478 |  | 232 | Basil |  |  |  | 478 |  |  |
| Bayside |  |  |  | 615 |  | 311 | Bayside |  |  |  | 615 |  |  |
| Bazzel |  |  |  | 1456 |  | 255 | Bazzel |  |  |  | 1456 |  |  |
| Bedford |  |  |  | 616 |  | 325 | Bedford |  |  |  | 616 |  |  |
| Bella |  |  |  | 915 |  | 526 | Bella |  |  |  | 915 |  | 505 |
| Belle |  |  |  | 1320 |  | 477 | Belle |  |  |  | 1320 |  | 265 |
| Belvedere |  |  |  | 885 |  | 671 | Belvedere |  |  |  | 885 |  | 642 |
| Bergenia |  |  |  | 651 |  | 358 | Bergenia |  |  |  | 651 |  | 358 |
| Blossom |  |  |  | 765 |  | 358 | Blossom |  |  |  | 765 |  | 212 |
| Bonneau |  |  |  | 1008 |  | 722 | Bonneau |  |  |  | 1008 |  | 634 |
| Brainerd |  |  |  | 870 |  | 706 | Brainerd |  |  |  | 870 |  | 610 |
| Braxton |  |  |  | 971 |  | 487 | Braxton |  |  |  | 971 |  | 454 |
| Brennan |  |  |  | 675 |  | 216 | Brennan |  |  |  | 675 |  |  |
| Briarwood |  |  |  | 630 |  | 322 | Briarwood |  |  |  | 630 |  | 239 |
| Brooklyn |  |  |  | 498 |  | 179 | Brooklyn |  |  |  | 498 |  |  |
| Burlington |  |  |  | 3720 |  | 1186 | Burlington |  |  |  | 3720 |  | 1209 |
| Butter |  |  |  | 805 |  | 410 | Butter |  |  |  | 805 |  |  |
| Calvin |  |  |  | 705 |  | 631 | Calvin |  |  |  | 705 |  | 442 |
| Camino |  |  |  | 795 |  | 229 | Camino |  |  |  | 795 |  |  |
| Cawley |  |  |  | 942 |  | 528 | Cawley |  |  |  | 942 |  | 580 |
| Chaparral |  |  |  | 524 |  | 394 | Centennial |  |  |  | 591 |  |  |
| Chelsea |  |  |  | 817 |  | 273 | Chaparral |  |  |  | 524 |  | 259 |
| Chester |  |  |  | 1116 |  | 706 | Chelsea |  |  |  | 817 |  |  |
| Chickamauga |  |  |  | 1117 |  | 694 | Chester |  |  |  | 1116 |  | 595 |
| Chinook |  |  |  | 915 |  | 538 | Chickamauga |  |  |  | 1117 |  | 621 |
| Chitwood |  |  |  | 1155 |  | 744 | Chinook |  |  |  | 915 |  | 456 |
| Clover |  |  |  | 1910 |  | 234 | Chitwood |  |  |  | 1155 |  | 598 |
| Coatbridge |  |  |  | 656 |  | 249 | Clover |  |  |  | 1910 |  |  |
| Collier |  |  |  | 2054 |  | 689 | Coatbridge |  |  |  | 897 |  |  |
| Collinston |  |  |  | 515 |  | 223 | Collier |  |  |  | 2054 |  | 599 |
| Conway |  |  |  | 2055 |  | 1222 | Collinston |  |  |  | 515 |  |  |
| Cove |  |  |  | 630 |  | 204 | Conway |  |  |  | 2055 |  | 866 |
| Creekside |  |  |  | 935 |  | 522 | Cove |  |  |  | 630 |  |  |
| Creekwood |  |  |  | 869 |  | 261 | Creekside |  |  |  | 935 |  | 459 |
| Cumberland |  |  |  | 885 |  | 394 | Creekwood |  |  |  | 869 |  |  |
| Cupcake |  |  |  | 546 |  | 373 | Cumberland |  |  |  | 885 |  | 394 |
| Cypress |  |  |  | 1095 |  | 508 | Cupcake |  |  |  | 546 |  | 135 |
| Daisy |  |  |  | 906 |  | 408 | Cypress |  |  |  | 1095 |  | 247 |
| Davidson |  |  |  | 463 |  | 209 | Daisy |  |  |  | 906 |  | 394 |
| Dawson |  |  |  | 550 |  | 252 | Davidson |  |  |  | 463 |  |  |
| Delta |  |  |  | 727 |  | 291 | Dawson |  |  |  | 550 |  |  |
| Dewberry |  |  |  | 462 |  | 337 | Delta |  |  |  | 727 |  |  |
| Diablo |  |  |  | 723 |  | 512 | Dewberry |  |  |  | 462 |  |  |
| Dogwood |  |  |  | 1403 |  | 245 | Diablo |  |  |  | 723 |  | 409 |
| Dolittle |  |  |  | 669 |  | 621 | Dogwood |  |  |  | 1403 |  |  |
| Dolly |  |  |  | 2070 |  | 1302 | Dolittle |  |  |  | 669 |  |  |
| Dops |  |  |  | 615 |  | 269 | Dolly |  |  |  | 2070 |  | 823 |
| Dorchester |  |  |  | 2011 |  | 730 | Dops |  |  |  | 615 |  |  |
| Dunbar |  |  |  | 1867 |  | 80 | Dorchester |  |  |  | 2011 |  | 704 |
| Eagle |  |  |  | 810 |  | 523 | Dunbar |  |  |  | 1867 |  | 840 |
| Eastfair |  |  |  | 430 |  | 230 | Eagle |  |  |  | 810 |  | 116 |
| Eastwood |  |  |  | 955 |  | 608 | Eastfair |  |  |  | 430 |  |  |
| Elevation |  |  |  | 629 |  | 223 | Eastwood |  |  |  | 955 |  |  |

---

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** |
| **Series** | **Sourcing fees** | **Financing and holding fees** | **Offering expenses** | **Asset management fee** | **Reimbursements of acquisition expenses** | **Property management fee, related party** | **Series** | **Sourcing fees** | **Financing and holding fees** | **Offering expenses** | **Asset management fee** | **Reimbursements of acquisition expenses** | **Property management fee, related party** |
| Ella |  |  |  | 780 |  | 442 | Elevation |  |  |  | 629 |  |  |
| Ellen |  |  |  | 749 |  | 442 | Ella |  |  |  | 780 |  | 364 |
| Elm |  |  |  | 411 |  | 206 | Ellen |  |  |  | 749 |  | 749 |
| Emporia |  |  |  | 907 |  | 626 | Elm |  |  |  | 411 |  |  |
| Ensenada |  |  |  | 1160 |  | 1186 | Emporia |  |  |  | 907 |  |  |
| Falcon |  |  |  | 810 |  | 598 | Ensenada |  |  |  | 1160 |  | 541 |
| Felix |  |  |  | 744 |  | 346 | Falcon |  |  |  | 810 |  | 153 |
| Fenwick |  |  |  | 900 |  | 399 | Felix |  |  |  | 744 |  | 346 |
| Fletcher |  |  |  | 528 |  | 207 | Fenwick |  |  |  | 900 |  | 815 |
| Folly |  |  |  | 1815 |  | 667 | Fletcher |  |  |  | 528 |  | 355 |
| Forest |  |  |  | 816 |  | 790 | Folly |  |  |  | 1815 |  | 596 |
| Foster |  |  |  | 939 |  | 708 | Forest |  |  |  | 816 |  |  |
| Franklin |  |  |  | 900 |  | 610 | Foster |  |  |  | 939 |  | 689 |
| Gardens |  |  |  | 582 |  | 234 | Franklin |  |  |  | 900 |  | 558 |
| General |  |  |  | 945 |  | 816 | Gardens |  |  |  | 582 |  |  |
| Goose |  |  |  | 755 |  | 479 | General |  |  |  | 945 |  | 1058 |
| Grant |  |  |  | 816 |  | 350 | Goose |  |  |  | 755 |  | 136 |
| Greenhill |  |  |  | 703 |  | 361 | Grant |  |  |  | 816 |  |  |
| Gretal |  |  |  | 1350 |  | 608 | Greenhill |  |  |  | 703 |  |  |
| Grove |  |  |  | 525 |  | 208 | Gretal |  |  |  | 1350 |  | 676 |
| Hadden |  |  |  | 555 |  | 207 | Grove |  |  |  | 525 |  |  |
| Hansard |  |  |  | 909 |  | 766 | Hadden |  |  |  | 555 |  |  |
| Hansel |  |  |  | 1212 |  | 586 | Hansard |  |  |  | 909 |  | 594 |
| Hargrave |  |  |  | 698 |  | 495 | Hansel |  |  |  | 1212 |  | 403 |
| Harrison |  |  |  | 1380 |  | 934 | Hargrave | 8130 | 4060 | 5609 | 698 | 2500 | 195 |
| Henry |  |  |  | 1236 |  | 507 | Harrison |  |  |  | 1380 |  | 913 |
| Heritage |  |  |  | 756 |  | 396 | Henry |  |  |  | 1236 |  | 354 |
| Heron |  |  |  | 774 |  | 287 | Heritage |  |  |  | 756 |  | 201 |
| Highland |  |  |  | 819 |  | 222 | Heron |  |  |  | 774 |  |  |
| Hines |  |  |  | 1483 |  | 428 | Highland |  |  |  | 819 |  |  |
| Hobbes |  |  |  | 698 |  | 346 | Hines |  |  |  | 1483 |  | 298 |
| Holcomb |  |  |  | 2048 |  | 351 | Hobbes |  |  |  | 698 |  | 115 |
| Holland |  |  |  | 517 |  | 213 | Holcomb |  |  |  | 2048 |  | 210 |
| Hollandaise |  |  |  | 823 |  | 490 | Holland |  |  |  | 517 |  |  |
| Holloway |  |  |  | 739 |  | 387 | Hollandaise |  |  |  | 823 |  | 407 |
| Inglewood |  |  |  | 2037 |  | 1126 | Holloway |  |  |  | 739 |  |  |
| Irene |  |  |  | 528 |  | 250 | Inglewood |  |  |  | 2037 |  | 943 |
| Jack |  |  |  | 1089 |  | 586 | Irene |  |  |  | 528 |  | 250 |
| Jake |  |  |  | 3382 |  | 1018 | Jack |  |  |  | 1089 |  | 714 |
| Jefferson |  |  |  | 821 |  | 622 | Jake |  |  |  | 3382 |  | 971 |
| Jill |  |  |  | 1208 |  | 667 | Jefferson |  |  |  | 821 |  | 568 |
| Johnny |  |  |  | 3339 |  | 1257 | Jill |  |  |  | 1208 |  | 580 |
| June |  |  |  | 3339 |  | 886 | Johnny |  |  |  | 3339 |  | 988 |
| Jupiter |  |  |  | 527 |  | 221 | June |  |  |  | 3339 |  | 1174 |
| Kawana |  |  |  | 749 |  | 210 | Jupiter |  |  |  | 527 |  |  |
| Kennesaw |  |  |  | 2441 |  | 493 | Kawana |  |  |  | 749 |  |  |
| Kenny |  |  |  | 2070 |  | 1176 | Kennesaw |  |  |  | 2441 |  | 382 |
| KerriAnn |  |  |  | 732 |  | 269 | Kenny |  |  |  | 2070 |  | 309 |
| Kessler |  |  |  | 771 |  | 228 | KerriAnn |  |  |  | 732 |  |  |
| Kingsley |  |  |  | 634 |  | 321 | Kessler |  |  |  | 771 |  | 277 |
| Kirkwood |  |  |  | 690 |  | 101 | Kingsley |  |  |  | 634 |  |  |
| Korin |  |  |  | 837 |  | 571 | Kirkwood |  |  |  | 690 |  | 346 |
| Lallie |  |  |  | 849 |  | 24 | Korin |  |  |  | 837 |  | 506 |
| Lanier |  |  |  | 840 |  | 194 | Lallie |  |  |  | 849 |  |  |
| Lannister |  |  |  | 517 |  | 165 | Lanier |  |  |  | 840 |  |  |
| Latte |  |  |  | 2087 |  | 531 | Lannister |  |  |  | 517 |  |  |
| Lennox |  |  |  | 530 |  | 252 | Latte |  |  |  | 2087 |  |  |
| Lierly |  |  |  | 473 |  | 468 | Lennox |  |  |  | 530 |  |  |
| Lily |  |  |  | 1219 |  | 804 | Lierly |  |  |  | 473 |  | 171 |
| Limestone |  |  |  | 692 |  | 310 | Lily |  |  |  | 1219 |  | 672 |
| Litton |  |  |  | 960 |  | 694 | Limestone |  |  |  | 692 |  |  |
| Longwoods |  |  |  | 810 |  | 538 | Litton |  |  |  | 960 |  | 686 |
| Lookout |  |  |  | 1996 |  | 550 | Longwoods |  |  |  | 810 |  | 507 |
| Loretta |  |  |  | 2055 |  | 731 | Lookout |  |  |  | 1996 |  | 418 |
| Louis |  |  |  | 811 |  | 490 | Loretta |  |  |  | 2055 |  | 1115 |
| Louise |  |  |  | 662 |  | 283 | Louis |  |  |  | 811 |  | 490 |
| Lovejoy |  |  |  | 763 |  | 276 | Louise |  |  |  | 662 |  |  |
| Luna |  |  |  | 454 |  | 266 | Lovejoy |  |  |  | 763 |  |  |
| Lurleen |  |  |  | 660 |  | 268 | Luna |  |  |  | 454 |  |  |
| Madison |  |  |  | 734 |  | 207 | Lurleen |  |  |  | 660 |  |  |
| Mae |  |  |  | 1061 |  | 261 | Madison |  |  |  | 734 |  |  |
| Magnolia |  |  |  | 677 |  | 329 | Mae |  |  |  | 1061 |  |  |
| Malbec |  |  |  | 689 |  | 682 | Magnolia |  |  |  | 677 |  | 159 |

---

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** |
| **Series** | **Sourcing fees** | **Financing and holding fees** | **Offering expenses** | **Asset management fee** | **Reimbursements of acquisition expenses** | **Property management fee, related party** | **Series** | **Sourcing fees** | **Financing and holding fees** | **Offering expenses** | **Asset management fee** | **Reimbursements of acquisition expenses** | **Property management fee, related party** |
| Mammoth |  |  |  | 744 |  | 297 | Malbec |  |  |  | 689 |  | 138 |
| Marcelo |  |  |  | 855 |  | 427 | Mammoth |  |  |  | 744 |  |  |
| Marie |  |  |  | 956 |  | 802 | Marcelo |  |  |  | 855 |  | 406 |
| Marietta |  |  |  | 913 |  | 311 | Marie |  |  |  | 1433 |  | 744 |
| Marion |  |  |  | 765 |  | 462 | Marietta |  |  |  | 913 |  |  |
| Marple |  |  |  | 528 |  | 110 | Marion |  |  |  | 765 |  | 371 |
| Martell |  |  |  | 780 |  | 514 | Marple |  |  |  | 528 |  | 290 |
| Mary |  |  |  | 814 |  | 586 | Martell |  |  |  | 780 |  | 322 |
| Matchingham |  |  |  | 476 |  | 243 | Mary |  |  |  | 814 |  | 570 |
| McGregor |  |  |  | 1769 |  | 523 | Matchingham |  |  |  | 476 |  |  |
| McLovin |  |  |  | 1100 |  | 1090 | McGregor |  |  |  | 2574 |  | 408 |
| Meadow |  |  |  | 795 |  | 274 | McLovin |  |  |  | 1100 |  | 1011 |
| Mimosa |  |  |  | 645 |  | 570 | Meadow |  |  |  | 795 |  |  |
| Mojave |  |  |  | 580 |  | 418 | Mimosa |  |  |  | 645 |  |  |
| Murphy |  |  |  | 653 |  | 283 | Mojave |  |  |  | 580 |  | 262 |
| Mycroft |  |  |  | 540 |  | 251 | Murphy |  |  |  | 653 |  |  |
| Nugget |  |  |  | 3196 |  | 830 | Mycroft |  |  |  | 540 |  | 262 |
| Odessa |  |  |  | 1102 |  | 994 | Nugget |  |  |  | 3196 |  | 938 |
| Olive |  |  |  | 687 |  | 265 | Odessa |  |  |  | 1102 |  | 904 |
| Oly |  |  |  | 1096 |  | 1018 | Olive |  |  |  | 687 |  |  |
| Onyx |  |  |  | 975 |  | 281 | Oly |  |  |  | 1096 |  | 816 |
| Oscar |  |  |  | 750 |  | 453 | Onyx |  |  |  | 975 |  | 234 |
| Osceola |  |  |  | 840 |  | 359 | Oscar |  |  |  | 750 |  | 181 |
| Osprey |  |  |  | 2023 |  | 334 | Osceola |  |  |  | 840 |  | 170 |
| Otoro |  |  |  | 1021 |  | 328 | Osprey |  |  |  | 2023 |  |  |
| Palmer |  |  |  | 879 |  | 503 | Otoro |  |  |  | 1021 |  |  |
| Patrick |  |  |  | 565 |  | 346 | Palmer |  |  |  | 879 |  | 375 |
| Peanut |  |  |  | 567 |  | 203 | Patrick |  |  |  | 565 |  | 193 |
| Pearl |  |  |  | 3129 |  | 152 | Peanut |  |  |  | 567 |  |  |
| Pecan |  |  |  | 534 |  | 360 | Pearl |  |  |  | 3129 |  | 800 |
| Peterson |  |  |  | 677 |  | 514 | Pecan |  |  |  | 534 |  | 98 |
| Piedmont |  |  |  | 1155 |  | 732 | Peterson |  |  |  | 677 |  | 346 |
| Pinot |  |  |  | 696 |  | 730 | Piedmont |  |  |  | 1155 |  | 630 |
| Pioneer |  |  |  | 3279 |  | 1126 | Pinot |  |  |  | 696 |  | 324 |
| Plumtree |  |  |  | 544 |  | 379 | Pioneer |  |  |  | 3279 |  | 781 |
| Point |  |  |  | 850 |  | 586 | Plumtree |  |  |  | 544 |  | 105 |
| Porthos |  |  |  | 906 |  | 682 | Point |  |  |  | 850 |  | 170 |
| Quincy |  |  |  | 1650 |  | 1042 | Porthos |  |  |  | 906 |  | 647 |
| Redondo |  |  |  | 945 |  | 658 | Quincy |  |  |  | 1650 |  | 896 |
| Regency |  |  |  | 825 |  | 271 | Redondo |  |  |  | 945 |  | 600 |
| Reginald |  |  |  | 1305 |  | 596 | Regency |  |  |  | 825 |  | 557 |
| Reynolds |  |  |  | 2464 |  | 530 | Reginald |  |  |  | 1305 |  | 1051 |
| Ribbonwalk |  |  |  | 695 |  | 426 | Reynolds |  |  |  | 2464 |  | 250 |
| Richardson |  |  |  | 945 |  | 402 | Ribbonwalk |  |  |  | 695 |  |  |
| Richmond |  |  |  | 1140 |  | 682 | Richardson |  |  |  | 945 |  | 403 |
| Ridge |  |  |  | 527 |  | 462 | Richmond | 13290 | 6640 | 8962 | 1140 | 2500 | 850 |
| Ritter |  |  |  | 2904 |  | 778 | Ridge |  |  |  | 527 |  |  |
| River |  |  |  | 638 |  | 519 | Ritter |  |  |  | 2904 |  | 441 |
| Riverwalk |  |  |  | 2286 |  | 963 | River |  |  |  | 638 |  |  |
| Rooney |  |  |  | 782 |  | 586 | Riverwalk |  |  |  | 2286 |  | 557 |
| Roseberry |  |  |  | 732 |  | 340 | Rooney |  |  |  | 782 |  | 428 |
| Rosewood |  |  |  | 727 |  | 192 | Roseberry |  |  |  | 732 |  |  |
| Roxy |  |  |  | 718 |  | 600 | Rosewood |  |  |  | 727 |  |  |
| Saddlebred |  |  |  | 992 |  | 1022 | Roxy |  |  |  | 718 |  | 538 |
| Saint |  |  |  | 740 |  | 675 | Saddlebred |  |  |  | 992 |  | 769 |
| Sajni |  |  |  | 900 |  | 915 | Saint |  |  |  | 740 |  | 593 |
| Salem |  |  |  | 669 |  | 265 | Sajni |  |  |  | 900 |  | 750 |
| Salinas |  |  |  | 690 |  | 428 | Salem |  |  |  | 669 |  | 315 |
| Saturn |  |  |  | 527 |  | 352 | Salinas |  |  |  | 690 |  | 406 |
| Scepter |  |  |  | 589 |  | 239 | Saturn |  |  |  | 527 |  |  |
| Sequoyah |  |  |  | 744 |  | 466 | Scepter |  |  |  | 589 |  | 374 |

---

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 30, 2024** |
| **Series** | **Sourcing fees** | **Financing and holding fees** | **Offering expenses** | **Asset management fee** | **Reimbursements of acquisition expenses** | **Property management fee, related party** | **Series** | **Sourcing fees** | **Financing and holding fees** | **Offering expenses** | **Asset management fee** | **Reimbursements of acquisition expenses** | **Property management fee, related party** |
| Shallowford |  |  |  | 1086 |  | 893 | Sequoyah |  |  |  | 744 |  | 121 |
| Shoreline |  |  |  | 624 |  | 338 | Shallowford |  |  |  | 1086 |  | 463 |
| Sigma |  |  |  | 820 |  | 523 | Shoreline |  |  |  | 624 |  |  |
| Simon |  |  |  | 867 |  | 464 | Sigma |  |  |  | 820 |  |  |
| Sims |  |  |  | 819 |  | 455 | Simon |  |  |  | 867 |  | 530 |
| Soapstone |  |  |  | 500 |  | 492 | Sims |  |  |  | 819 |  | 334 |
| Sodalis |  |  |  | 870 |  | 366 | Soapstone |  |  |  | 500 |  | 225 |
| Spencer |  |  |  | 694 |  | 429 | Sodalis |  |  |  | 870 |  | 329 |
| Splash |  |  |  | 560 |  | 391 | Spencer |  |  |  | 694 |  |  |
| Spring |  |  |  | 744 |  | 247 | Splash |  |  |  | 560 |  | 105 |
| Stonebriar |  |  |  | 545 |  | 259 | Spring |  |  |  | 744 |  |  |
| Sugar |  |  |  | 735 |  | 296 | Stonebriar |  |  |  | 545 |  | 218 |
| Summerset |  |  |  | 594 |  | 273 | Sugar |  |  |  | 735 |  |  |
| Sundance |  |  |  | 945 |  | 610 | Summerset |  |  |  | 594 |  |  |
| Sunnyside |  |  |  | 677 |  | 358 | Sundance |  |  |  | 945 |  | 658 |
| Swift |  |  |  | 1978 |  | 433 | Sunnyside |  |  |  | 677 |  | 224 |
| Taylor |  |  |  | 690 |  | 273 | Swift |  |  |  | 1978 |  | 261 |
| Terracotta |  |  |  | 699 |  | 235 | Taylor |  |  |  | 690 |  |  |
| Theodore |  |  |  | 860 |  | 542 | Terracotta |  |  |  | 699 |  | 456 |
| Tulip |  |  |  | 832 |  | 311 | Theodore |  |  |  | 860 |  | 402 |
| Tuscan |  |  |  | 828 |  | 760 | Tulip |  |  |  | 832 |  |  |
| Tuscarora |  |  |  | 1008 |  | 675 | Tuscan |  |  |  | 828 |  | 115 |
| Tuxford |  |  |  | 688 |  | 305 | Tuscarora |  |  |  | 1008 |  | 636 |
| Vernon |  |  |  | 581 |  | 273 | Tuxford |  |  |  | 688 |  |  |
| Walton |  |  |  | 1735 |  | 490 | Vernon |  |  |  | 581 |  |  |
| Wave |  |  |  | 717 |  | 260 | Walton |  |  |  | 1735 |  | 398 |
| Weldon |  |  |  | 515 |  | 225 | Wave |  |  |  | 717 |  |  |
| Wellington |  |  |  | 1215 |  | 478 | Weldon |  |  |  | 515 |  |  |
| Wentworth |  |  |  | 563 |  | 505 | Wellington |  |  |  | 1215 |  | 232 |
| Wescott |  |  |  | 1008 |  | 358 | Wentworth |  |  |  | 563 |  | 245 |
| Westchester |  |  |  | 911 |  | 165 | Wescott |  |  |  | 1008 |  | 298 |
| Wildwood |  |  |  | 752 |  | 406 | Westchester |  |  |  | 911 |  |  |
| Willow |  |  |  | 879 |  | 311 | Wildwood |  |  |  | 752 |  | 406 |
| Wilson |  |  |  | 1155 |  | 672 | Willow |  |  |  | 879 |  | 368 |
| Winchester |  |  |  | 795 |  | 619 | Wilson |  |  |  | 1155 |  | 538 |
| Windsor |  |  |  | 786 |  | 172 | Winchester |  |  |  | 795 |  | 394 |
| Winston |  |  |  | 987 |  | 240 | Windsor |  |  |  | 786 |  |  |
| Wisteria | - | - | - | 653 | - | 297 | Winston |  |  |  | 987 |  |  |
|  |  |  |  |  |  |  | Wisteria | - | - | - | 653 | - | - |
|  | $**-** | $**-** | $**-** | $**246028** | $**-** | $**114763** |  | $**40480** | $**20220** | $**27505** | $**248144** | $**10000** | $**74693** |

---

*Transfer of Series and Recognition of Due to Commonly Controlled Entity*

 

As discussed in *Note 7 - Members' Equity*, the Company recognized a liability, "Due to Commonly Controlled Entity," in connection with the transfer of certain Series. This liability is not contractual in nature and is not expected to be settled in cash but is presented to maintain continuity in the consolidated financial statements.

**NOTE 9: INCOME TAXES**

The Company is taxed as a C corporation for U.S. federal income tax purposes. In connection with its real estate activities, the Company is treated as a real estate investment trust ("REIT") under the Internal Revenue Code.

As a REIT, the Company generally is not subject to U.S. federal income tax on taxable income that is distributed to stockholders, provided it meets all REIT qualification requirements, including distributing at least 90% of its taxable income and satisfying certain asset and income tests. For the year ended December 31, 2025, the Company anticipates that it will qualify as a REIT. As a result, the Company does not expect to incur a current federal tax liability for the year and thus, no tax provision is reflected for Series with net income for the six months ended June 30, 2025 and 2024. For Series with net losses for the six months ended June 30, 2025 and 2024, no income tax benefit is recognized as the Company has established a full valuation allowance on the net operating loss tax benefit.

In accordance with ASC 740, Income Taxes, the Company evaluates temporary differences between the financial reporting basis and the tax basis of its assets and liabilities. As of June 30, 2025 and December 31, 2024, the Company did not have any temporary differences, other than net operating losses which were fully reserved, and thus no net deferred tax assets or liabilities were recorded

Although the Company expects to qualify and be taxed as a REIT for U.S. federal income tax purposes, it may be subject to state and local income or franchise taxes in various jurisdictions. These taxes are generally imposed either due to the Company's legal entity status or as a result of owning or operating real estate assets within those jurisdictions. The Company evaluates its exposure to such taxes on a jurisdictional basis. For the six months ended June 30, 2025 and 2024, state income and franchise tax obligations, if any, were not material to the consolidated and consolidating financial statements.

The Company's policy is to record interest and penalties related to unrecognized tax benefits, if any, as a component of income tax expense in the consolidated statement of operations. As of December 31, 2024, the Company had no unrecognized tax benefits and did not incur any interest or penalties related to uncertain tax positions during the six months ended June 30, 2025. Accordingly, no accrual for uncertain tax positions was recorded as of June 30, 2025 and December 31, 2024.

The Company is not currently subject to any income tax audits in any taxing jurisdiction. However, the Company's 2024 and 2023 tax year remains open and subject to examination by the relevant taxing authorities.

**NOTE 10: SUBSEQUENT EVENTS**

During the period from July 1, 2025 through August 31, 2025, the Company has declared and paid aggregate dividends totaling $342,312.

**ITEM 4. EXHIBITS**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 2.1\* | [Certificate of Formation of Arrived Homes, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390020027296/ea126955ex2-1_arrivedhome.htm) |
| 2.2\* | [Operating Agreement of Arrived Homes, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390020027296/ea126955ex2-2_arrivedhome.htm) |
| 3.1\* | [Form of Series Designation of Arrived Homes Series \[\*\] LLC, a series of Arrived Homes, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390021001523/ea133103ex3-1_arrivedhome.htm) |
| 4.1\* | [Form of subscription agreement of Arrived Homes Series \[\*\] LLC, a Series of Arrived Homes, LLC](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000060/ex4_1.htm) |
| 6.1\* | [Broker Dealer Agreement, dated September 23, 2020, between Arrived Homes LLC and Dalmore Group, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390020034204/ea129146ex6-1_arrivedhomes.htm) |
| 6.2\* | [Form of Purchase and Sale Agreement dated October 26, 2020, between Arrived Holdings, Inc. and Arrived Homes Series Lierly LLC, a series of Arrived Homes, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390020034204/ea129146ex6-2_arrivedhomes.htm) |
| 6.3\* | [Form of Promissory Note between Arrived Homes Series Lierly LLC, a series of Arrived Holdings, LLC, and Arrived Holdings, Inc.](http://www.sec.gov/Archives/edgar/data/1821720/000121390020034204/ea129146ex6-3_arrivedhomes.htm) |
| 6.4\* | [Form of Property Management Agreement dated \[\*\], 202\[\*\], between Blue Canopy Realty and Arrived Homes Series \[\*\] LLC, a series of Arrived Homes, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390021001523/ea133103ex6-4_arrivedhome.htm) |
| 6.5\* | [Form of Purchase and Sale Agreement dated October 26, 2020, between Arrived Holdings, Inc. and Arrived Homes Series Soapstone LLC, a series of Arrived Homes, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390020034204/ea129146ex6-5_arrivedhomes.htm) |
| 6.6\* | [Promissory Note between Arrived Homes Series Soapstone LLC, a series of Arrived Holdings, LLC, and Arrived Holdings, Inc.](http://www.sec.gov/Archives/edgar/data/1821720/000121390020034204/ea129146ex6-6_arrivedhomes.htm) |
| 6.7\* | [Form of Purchase and Sale Agreement dated January 4, 2021, between Arrived Holdings, Inc. and Arrived Homes Series Patrick LLC, a series of Arrived Homes, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390021001523/ea133103ex6-7_arrivedhome.htm) |
| 6.8\* | [Form of Software and Services License Agreement dated \[\*\], 2020 by and between North Capital Investment Technology, Inc. and Arrived Holdings, Inc.](http://www.sec.gov/Archives/edgar/data/1821720/000121390020027296/ea126955ex6-8_arrivedhome.htm) |
| 6.9\* | [Promissory Note between Arrived Homes Series Patrick LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated January 4, 2021](http://www.sec.gov/Archives/edgar/data/1821720/000121390021001523/ea133103ex6-9_arrivedhome.htm) |
| 6.10\* | [Form of Purchase and Sale Agreement dated January 1, 2021, between Arrived Holdings, Inc. and Arrived Homes Series Pecan LLC, a series of Arrived Homes, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390021001523/ea133103ex6-10_arrivedhome.htm) |
| 6.11\* | [Promissory Note between Arrived Homes Series Pecan LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated January 1, 2021](http://www.sec.gov/Archives/edgar/data/1821720/000121390021001523/ea133103ex6-11_arrivedhome.htm) |
| 6.12\* | [Form of Membership Interest Purchase Agreement dated January 4, 2021, between Arrived Holdings, Inc. and Arrived Homes Series Plumtree LLC, a series of Arrived Homes, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390021001523/ea133103ex6-12_arrivedhome.htm) |
| 6.13\* | [Promissory Note between Arrived Homes Series Plumtree LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated January 4, 2021](http://www.sec.gov/Archives/edgar/data/1821720/000121390021001523/ea133103ex6-13_arrivedhome.htm) |
| 6.14\* | [Form of Membership Interest Purchase Agreement dated January 14, 2021, between Arrived Holdings, Inc. and Arrived Homes Series Chaparral LLC, a series of Arrived Homes, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390021001523/ea133103ex6-14_arrivedhome.htm) |
| 6.15\* | [Promissory Note between Arrived Homes Series Chaparral LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated January 14, 2021](http://www.sec.gov/Archives/edgar/data/1821720/000121390021001523/ea133103ex6-15_arrivedhome.htm) |
| 6.16\* | [Membership Interest Purchase Agreement dated April 30, 2021, between Arrived Holdings, Inc. and Arrived Homes Series Splash LLC, a series of Arrived Homes, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390021032153/ea142553ex6-16_arrived.htm) |
| 6.17\* | [Promissory Note between Arrived Homes Series Splash LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated April 30, 2021](http://www.sec.gov/Archives/edgar/data/1821720/000121390021032153/ea142553ex6-17_arrived.htm) |
| 6.18\* | [Membership Interest Purchase Agreement dated May 12, 2021, between Arrived Holdings, Inc. and Arrived Homes Series Tuscan LLC, a series of Arrived Homes, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390021032153/ea142553ex6-18_arrived.htm) |
| 6.19\* | [Promissory Note between Arrived Homes Series Tuscan LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated May 12, 2021](http://www.sec.gov/Archives/edgar/data/1821720/000121390021032153/ea142553ex6-19_arrived.htm) |

---

---

| | |
|:---|:---|
| 6.20\* | [Contract of Sale Residential dated May 11, 2021 by and between the seller and Arrived SC Kingsley, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390021032153/ea142553ex6-20_arrived.htm) |
| 6.21\* | [Promissory Note between Arrived Homes Series Kingsley LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated June 1, 2021](http://www.sec.gov/Archives/edgar/data/1821720/000121390021032153/ea142553ex6-21_arrived.htm) |
| 6.22\* | [Offer to Purchase and Contract dated May 14, 2021 by and between certain sellers and Arrived NC Centennial, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390021032153/ea142553ex6-22_arrived.htm) |
| 6.23\* | [Promissory Note between Arrived Homes Series Centennial LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated June 7, 2021](http://www.sec.gov/Archives/edgar/data/1821720/000121390021032153/ea142553ex6-23_arrived.htm) |
| 6.24\* | [Contract of Sale Residential dated May 14, 2021 by and between the seller named therein and Arrived SC Eastfair, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390021032153/ea142553ex6-24_arrived.htm) |
| 6.25\* | [Promissory Note between Arrived Homes Series Eastfair LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated June 4, 2021](http://www.sec.gov/Archives/edgar/data/1821720/000121390021032153/ea142553ex6-25_arrived.htm) |
| 6.26\* | [Purchase and Sale Agreement dated May 13, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Badminton Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-26_arrived.htm) |
| 6.27\* | [Purchase and Sale Agreement dated May 21, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Basil Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-27_arrived.htm) |
| 6.28\* | [Purchase and Sale Agreement dated May 15, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Eastfair Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-28_arrived.htm) |
| 6.29\* | [Purchase and Sale Agreement dated May 12, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Holloway Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-29_arrived.htm) |
| 6.30\* | [Purchase and Sale Agreement dated May 11, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Kingsley Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-30_arrived.htm) |
| 6.31\* | [Purchase and Sale Agreement dated May 21, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Lallie Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-31_arrived.htm) |
| 6.32\* | [Purchase and Sale Agreement dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Pinot Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-32_arrived.htm) |
| 6.32.1\* | [Counteroffer to Offer dated March 27, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Pinot Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-32i_arrived.htm) |
| 6.33\* | [Purchase and Sale Agreement dated March 26, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Salem Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-33_arrived.htm) |
| 6.33.1\* | [Counteroffer to Offer dated March 30, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Salem Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-33i_arrived.htm) |
| 6.34\* | [Purchase and Sale Agreement dated May 24, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Shoreline Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-34_arrived.htm) |
| 6.35\* | [Purchase and Sale Agreement dated May 24, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Spencer Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-35_arrived.htm) |
| 6.36\* | [Purchase and Sale Agreement dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Splash Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-36_arrived.htm) |
| 6.36.1\* | [Counteroffer to Offer dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Splash Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-36i_arrived.htm) |
| 6.37\* | [Purchase and Sale Agreement dated May 14, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Centennial Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-37_arrived.htm) |
| 6.38\* | [Purchase and Sale Agreement dated May 25, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Dewberry Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-38_arrived.htm) |
| 6.39\* | [Purchase and Sale Agreement dated May 11, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Luna Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-39_arrived.htm) |

---

---

| | |
|:---|:---|
| 6.40\* | [Purchase and Sale Agreement dated March 27, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Malbec Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-40_arrived.htm) |
| 6.41\* | [Purchase and Sale Agreement dated June 2, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Roseberry Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-41_arrived.htm) |
| 6.42\* | [Purchase and Sale Agreement dated May 21, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Summerset Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-42_arrived.htm) |
| 6.43\* | [Purchase and Sale Agreement dated March 27, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Tuscan Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-43_arrived.htm) |
| 6.43.1\* | [Counteroffer to Offer dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Tuscan Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-43i_arrived.htm) |
| 6.44\* | [Purchase and Sale Agreement dated June 3, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Windsor Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-44_arrived.htm) |
| 6.45\* | [Form of Property Management Agreement dated \[\*\], 20\[\*\], between Great Jones and Arrived Homes Series \[\*\], a series of Arrived Homes, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-45_arrived.htm) |
| 6.46\* | [Form of Promissory Note between Arrived Holdings, Inc. and Arrived Homes Series \[\*\], a Series of Arrived Homes, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-46_arrived.htm) |
| 6.47\* | [Form of Lease Agreement between Tenant and Arrived Homes Series \[\*\], a Series of Arrived Homes, LLC through its Authorized Agent, Blue Canopy Realty LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390021051282/ea148173ex6-47_arrived.htm) |
| 6.48\* | [Purchase and Sale Agreement dated August 30, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Amber Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/amber_psa.htm) |
| 6.49\* | [Purchase and Sale Agreement dated June 4, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Bayside Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/bayside_psa.htm) |
| 6.49.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bayside dated June 22, 2021 for Series Bayside Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/bayside_assignment.htm) |
| 6.50\* | [Purchase and Sale Agreement dated June 8, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Coatbridge Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/coatbridge_psa.htm) |
| 6.50.1\* | [Addendum to Purchase and Sale Agreement dated June 8, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Coatbridge Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/coatbridge_addendum.htm) |
| 6.51\* | [Purchase and Sale Agreement dated July 19, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Collinston Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/collinston_psa.htm) |
| 6.52\* | [Purchase and Sale Agreement dated June 4, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Dawson Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/dawson_psa.htm) |
| 6.53\* | [Purchase and Sale Agreement dated June 9, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Elevation Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/elevation_assignment.htm) |
| 6.53.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Elevation dated July 15, 2021 for Series Elevation Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/elevation_assignment.htm) |
| 6.54\* | [Purchase and Sale Agreement dated May 20, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Elm Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/elm_psa.htm) |
| 6.54.1\* | [Addendum to Purchase and Sale Agreement dated May 20, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Elm Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/elm_addendum.htm) |
| 6.55\* | [Purchase and Sale Agreement dated June 9, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Forest Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/forest_psa.htm) |
| 6.55.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Forest dated July 15, 2021 for Series Forest Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/forest_assignment.htm) |
| 6.56\* | [Purchase and Sale Agreement dated June 12, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Holland Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/holland_psa.htm) |

---

---

| | |
|:---|:---|
| 6.57\* | [Purchase and Sale Agreement dated June 8, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Jupiter Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/jupiter_psa.htm) |
| 6.58\* | [Purchase and Sale Agreement dated June 9, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Lennox Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/lennox_psa.htm) |
| 6.58.1\* | [Addendum to Purchase and Sale Agreement dated June 9, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Lennox Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/lennox_addendum.htm) |
| 6.59\* | [Purchase and Sale Agreement dated August 30, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Lily Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/lily_psa.htm) |
| 6.60\* | [Purchase and Sale Agreement dated June 13, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Limestone Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/limestone_psa.htm) |
| 6.60.1\* | [Addendum to Purchase and Sale Agreement dated June 13, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Limestone Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/limestone_addendum.htm) |
| 6.60.2\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Limestone dated August 5, 2021 for Series Limestone Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/limestone_assignment.htm) |
| 6.61\* | [Purchase and Sale Agreement dated August 22, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Meadow Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/meadow_psa.htm) |
| 6.62\* | [Purchase and Sale Agreement dated August 30, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Odessa Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/odessa_psa.htm) |
| 6.62.1\* | [Counteroffer to Offer Dated September 1, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Odessa Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/odessa_counteroffer.htm) |
| 6.63\* | [Purchase and Sale Agreement dated June 10, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Olive Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/olive_psa.htm) |
| 6.63.1\* | [Addendum to Purchase and Sale Agreement dated June 10, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Olive Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/olive_addendum.htm) |
| 6.64\* | [Purchase and Sale Agreement dated June 9, 2021 between Ar rived Holdings, Inc./Assignee and Seller for Series Ridge Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/ridge_psa.htm) |
| 6.64.1\* | [Addendum to Purchase and Sale Agreement dated June 9, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Ridge Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/ridge_addendum.htm) |
| 6.65\* | [Purchase and Sale Agreement dated June 7, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series River Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/river_psa.htm) |
| 6.66\* | [Purchase and Sale Agreement dated August 30, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Saddlebred Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/amber_psa.htm) |
| 6.66.1\* | [Counteroffer to Offer Dated September 7, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Saddlebred Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/saddlebred_counteroffer.htm) |
| 6.67\* | [Purchase and Sale Agreement dated July 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Saturn Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/saturn_psa.htm) |
| 6.68\* | [Purchase and Sale Agreement dated June 11, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Sugar Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/sugar_psa.htm) |
| 6.68.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Sugar dated June 17, 2021 for Series Sugar Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/sugar_assignment.htm) |
| 6.69\* | [Purchase and Sale Agreement dated June 12, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Weldon Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/weldon_psa.htm) |
| 6.70\* | [Purchase and Sale Agreement dated June 4, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Westchester Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/westchester_psa.htm) |

---

---

| | |
|:---|:---|
| 6.70.1\* | [Addendum to Purchase and Sale Agreement dated June 4, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Westchester Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/westchester_addendum.htm) |
| 6.71\* | [Form of Lease Agreement between Tenant and Arrived Homes Series \[\*\], a Series of Arrived Homes, LLC holding a series property located in North Carolina through its Authorized Agent, Great Jones North Carolina, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/nc_lease.htm) |
| 6.72\* | [Form of Lease Agreement between Tenant and Arrived Homes Series \[\*\], a Series of Arrived Homes, LLC holding a series property located in South Carolina through its Authorized Agent, Great Jones South Carolina, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/sc_lease.htm) |
| 6.73\* | [Form of Mortgage Agreement between Arrived Homes Series \[\*\], a Series of Arrived Homes, LLC and Certain Lending, Inc. for series property in the state of South Carolina](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/sc_mortgage.htm) |
| 6.74\* | [Form of Deed of Trust Agreement between Arrived Homes Series \[\*\], a Series of Arrived Homes, LLC and Certain Lending, Inc. for series property in the state of North Carolina](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/nc_deedoftrust.htm) |
| 6.75\* | [Form of Deed of Trust Agreement between Arrived Homes Series \[\*\], a Series of Arrived Homes, LLC and Certain Lending, Inc. for series property in the state of Colorado](http://www.sec.gov/Archives/edgar/data/1821720/000182172021000004/co_deedoftrust.htm) |
| 6.76\* | [Purchase and Sale Agreement dated September 8, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Bandelier Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-76_arrived.htm) |
| 6.76.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bandelier dated September 29, 2021 for Series Bandelier Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-76i_arrived.htm) |
| 6.76.2\* | [Addendum to Purchase and Sale Agreement dated September 8, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Bandelier Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-76ii_arrived.htm) |
| 6.77\* | [Purchase and Sale Agreement dated June 13, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Butter Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-77_arrived.htm) |
| 6.77.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Butter dated September 7, 2021 for Series Butter Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-77i_arrived.htm) |
| 6.78\* | [Purchase and Sale Agreement dated June 12, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Davidson Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-78_arrived.htm) |
| 6.79\* | [Purchase and Sale Agreement dated November 18, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Diablo Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-79_arrived.htm) |
| 6.79.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Diablo dated December 1, 2021 for Series Diablo Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-79i_arrived.htm) |
| 6.79.2\* | [Addendum to Purchase and Sale Agreement dated November 19, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Diablo Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-79ii_arrived.htm) |
| 6.79.3\* | [Counteroffer to Offer dated November 19, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Diablo Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-79iii_arrived.htm) |
| 6.80\* | [Purchase and Sale Agreement dated June 6, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Dolittle Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-80_arrived.htm) |
| 6.81\* | [Purchase and Sale Agreement dated September 22, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Ensenada Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-81_arrived.htm) |
| 6.81.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ensenada dated September 23, 2021 for Series Ensenada Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-81i_arrived.htm) |
| 6.81.2\* | [Counteroffer to Offer dated September 23, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Ensenada Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-81ii_arrived.htm) |
| 6.82\* | [Purchase and Sale Agreement dated September 26, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Grant Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-82_arrived.htm) |
| 6.82.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ensenada dated October 12, 2021 for Series Grant Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-82i_arrived.htm) |

---

---

| | |
|:---|:---|
| 6.82.2\* | [Addendum to Purchase and Sale Agreement dated October 13, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Grant Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-82ii_arrived.htm) |
| 6.83\* | [Purchase and Sale Agreement dated September 26, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Kerriann Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-83_arrived.htm) |
| 6.83.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ensenada dated October 20, 2021 for Series Kerriann Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-83i_arrived.htm) |
| 6.83.2\* | [Addendum to Purchase and Sale Agreement dated September 26, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Kerriann Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-83ii_arrived.htm) |
| 6.84\* | [Purchase and Sale Agreement dated May 25, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Matchingham Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-84_arrived.htm) |
| 6.84.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Matchingham dated September 17, 2021 for Series Matchingham Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-84i_arrived.htm) |
| 6.85\* | [Purchase and Sale Agreement dated November 6, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series McLovin Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-85_arrived.htm) |
| 6.85.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series McLovin dated November 19, 2021 for Series McLovin Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-85i_arrived.htm) |
| 6.85.2\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series McLovin dated November 29, 2021 for Series McLovin Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-85ii_arrived.htm) |
| 6.85.3\* | [Addendum to Purchase and Sale Agreement dated November 24, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series McLovin Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-85iii_arrived.htm) |
| 6.86\* | [Purchase and Sale Agreement dated May 21, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Murphy Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-86_arrived.htm) |
| 6.87\* | [Purchase and Sale Agreement dated October 28, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Oly Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-87_arrived.htm) |
| 6.87.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Oly dated November 10, 2021 for Series Oly Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-87i_arrived.htm) |
| 6.88\* | [Purchase and Sale Agreement dated September 18, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Ribbonwalk Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-88_arrived.htm) |
| 6.88.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ribbonwalk dated September 18, 2021 for Series Ribbonwalk Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-88i_arrived.htm) |
| 6.89\* | [Purchase and Sale Agreement dated September 3, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Rooney Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-89_arrived.htm) |
| 6.89.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Rooney dated October 2, 2021 for Series Rooney Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-89i_arrived.htm) |
| 6.90\* | [Purchase and Sale Agreement dated September 18, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Scepter Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-90_arrived.htm) |
| 6.90.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Scepter dated September 29, 2021 for Series Scepter Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-90i_arrived.htm) |
| 6.91\* | [Purchase and Sale Agreement dated November 17, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Sigma Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-91_arrived.htm) |
| 6.91.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Sigma dated November 24, 2021 for Series Sigma Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-91i_arrived.htm) |
| 6.91.2\* | [Addendum to Purchase and Sale Agreement dated December 3, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Sigma Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-91ii_arrived.htm) |
| 6.91.3\* | [Addendum to Purchase and Sale Agreement dated November 24, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Sigma Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-91iii_arrived.htm) |

---

---

| | |
|:---|:---|
| 6.92\* | [Purchase and Sale Agreement dated June 6, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Vernon Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-92_arrived.htm) |
| 6.92.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Vernon dated July 15, 2021 for Series Vernon Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-92i_arrived.htm) |
| 6.92.2\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Vernon dated August 31, 2021 for Series Vernon Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-92ii_arrived.htm) |
| 6.93\* | [Transfer Agent Agreement dated November 30, 2020, between Arrived Homes, LLC and Colonial Stock Transfer Company, Inc.](http://www.sec.gov/Archives/edgar/data/1821720/000121390021067982/ea153018ex6-93_arrived.htm) |
| 6.94\* | [Purchase and Sale Agreement dated December 24, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Delta Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-94_arrived.htm) |
| 6.94.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Delta dated December 31, 2021 for Series Delta Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-94i_arrived.htm) |
| 6.94.2\* | [Addendum to Purchase and Sale Agreement dated January 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Delta Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-94ii_arrived.htm) |
| 6.95\* | [Purchase and Sale Agreement dated January 6, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Emporia Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-95_arrived.htm) |
| 6.95.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Emporia dated January 11, 2022 for Series Emporia Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-95i_arrived.htm) |
| 6.96\* | [Purchase and Sale Agreement dated June 7, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Greenhill Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-96_arrived.htm) |
| 6.96.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Greenhill dated January 4, 2022 for Series Greenhill Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-96i_arrived.htm) |
| 6.97\* | [Purchase and Sale Agreement dated January 5, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Kawana Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-97_arrived.htm) |
| 6.97.1\* | [Counteroffer to Offer Dated January 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Kawana Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-97i_arrived.htm) |
| 6.98\* | [Purchase and Sale Agreement dated January 5, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Lovejoy Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-98_arrived.htm) |
| 6.98.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Lovejoy dated January 11, 2022 for Series Lovejoy Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-98i_arrived.htm) |
| 6.99\* | [Purchase and Sale Agreement dated December 16, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Saint Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-99_arrived.htm) |
| 6.99.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Saint dated December 22, 2021 for Series Saint Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-99i_arrived.htm) |
| 6.100\* | [Purchase and Sale Agreement dated January 13, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Tuxford Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-100_arrived.htm) |
| 6.101\* | [Purchase and Sale Agreement dated December 27, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Wave Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-101_arrived.htm) |
| 6.101.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Saint dated December 31, 2021 for Series Wave Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-101i_arrived.htm) |
| 6.102\* | [Form of Property Management Agreement dated December 30, 2021, between Marketplace Homes and Arrived Homes Series \[\*\], a series of Arrived Homes, LLC](http://www.sec.gov/Archives/edgar/data/1821720/000121390022004147/ea154360ex6-102_arrived.htm) |
| 6.103\* | [Purchase and Sale Agreement dated January 20, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Avebury Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex6-103_arrived.htm) |
| 6.103.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Avebury dated February 4, 2022 for Series Avebury Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex6-103i_arrived.htm) |

---

---

| | |
|:---|:---|
| 6.103.2\* | [Addendum to Purchase and Sale Agreement dated January 20, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Avebury Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex6-103ii_arrived.htm) |
| 6.104\* | [Purchase and Sale Agreement dated January 26, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Chelsea Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex6-104_arrived.htm) |
| 6.104.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Chelsea dated February 7, 2022 for Series Chelsea Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex6-104i_arrived.htm) |
| 6.105\* | [Purchase and Sale Agreement dated December 24, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Hadden Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex6-105_arrived.htm) |
| 6.105.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Hadden dated January 3, 2022 for Series Hadden Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex6-105i_arrived.htm) |
| 6.105.2\* | [Addendum to Purchase and Sale Agreement dated January 24, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Hadden Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex6-105ii_arrived.htm) |
| 6.106\* | [Purchase and Sale Agreement dated January 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Hollandaise Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex6-106_arrived.htm) |
| 6.106.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Hollandaise dated January 20, 2022 for Series Hollandaise Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex6-106i_arrived.htm) |
| 6.106.2\* | [Counteroffer to Offer dated January 13, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Hollandaise Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex6-106ii_arrived.htm) |
| 6.107\* | [Purchase and Sale Agreement dated January 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Otoro Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex6-107_arrived.htm) |
| 6.107.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Otoro dated February 4, 2022 for Series Otoro Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex6-107i_arrived.htm) |
| 6.108\* | [Purchase and Sale Agreement dated January 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Terracotta Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex6-108_arrived.htm) |
| 6.108.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Terracotta dated January 21, 2022 for Series Terracotta Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex6-108i_arrived.htm) |
| 6.109\* | [Purchase and Sale Agreement dated December 22, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Bedford Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022015362/ea157364ex6-109_arrived.htm) |
| 6.109.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bedford dated January 3, 2022 for Series Bedford Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022015362/ea157364ex6-109i_arrived.htm) |
| 6.109.2\* | [Addendum to Purchase and Sale Agreement dated February 1, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Bedford Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022015362/ea157364ex6-109ii_arrived.htm) |
| 6.110\* | [Purchase and Sale Agreement dated December 22, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Gardens Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022015362/ea157364ex6-110_arrived.htm) |
| 6.110.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Gardens dated March 11, 2022 for Series Gardens Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022015362/ea157364ex6-110i_arrived.htm) |
| 6.111\* | [Purchase and Sale Agreement dated Janaury 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Jack Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022015362/ea157364ex6-111_arrived.htm) |
| 6.111.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Jack dated March 18, 2022 for Series Jack Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022015362/ea157364ex6-111i_arrived.htm) |
| 6.112\* | [Purchase and Sale Agreement dated February 24, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Louise Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022015362/ea157364ex6-112_arrived.htm) |
| 6.112.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Louise dated March 11, 2022 for Series Louise Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022015362/ea157364ex6-112i_arrived.htm) |
| 6.113\* | [Purchase and Sale Agreement dated March 1, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Peanut Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022015362/ea157364ex6-113_arrived.htm) |

---

---

| | |
|:---|:---|
| 6.113.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Peanut dated March 11, 2022 for Series Peanut Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022015362/ea157364ex6-113i_arrived.htm) |
| 6.114\* | [Purchase and Sale Agreement dated March 1, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Tulip Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022015362/ea157364ex6-114_arrived.htm) |
| 6.114.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Tulip dated March 11, 2022 for Series Tulip Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022015362/ea157364ex6-114i_arrived.htm) |
| 6.115\* | [Purchase and Sale Agreement dated April 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series 100 Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-115_arrived.htm) |
| 6.115.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series 100 dated April 12, 2022 for Series 100 Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-115i_arrived.htm) |
| 6.116\* | [Purchase and Sale Agreement dated March 7, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Grove Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-116_arrived.htm) |
| 6.116.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Grove dated March 11, 2022 for Series Grove Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-116i_arrived.htm) |
| 6.117.\* | [Purchase and Sale Agreement dated March 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Heritage Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-117_arrived.htm) |
| 6.117.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Heritage dated March 21, 2022 for Series Heritage Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-117i_arrived.htm) |
| 6.118\* | [Purchase and Sale Agreement dated March 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Heron Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-118_arrived.htm) |
| 6.118.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Heron dated March 23, 2022 for Series Heron Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-118i_arrived.htm) |
| 6.119\* | [Purchase and Sale Agreement dated March 23, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Kirkwood Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-119_arrived.htm) |
| 6.119.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Kirkwood dated March 23, 2022 for Series Kirkwood Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-119i_arrived.htm) |
| 6.120\* | [Purchase and Sale Agreement dated March 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Lanier Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-120_arrived.htm) |
| 6.120.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Lanier dated March 21, 2022 for Series Lanier Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-120i_arrived.htm) |
| 6.121\* | [Purchase and Sale Agreement dated April 4, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Magnolia Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-121_arrived.htm) |
| 6.121.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Magnolia dated April 5, 2022 for Series Magnolia Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-121i_arrived.htm) |
| 6.122\* | [Purchase and Sale Agreement dated March 12, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Mammoth Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-122_arrived.htm) |
| 6.122.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Mammoth dated March 14, 2022 for Series Mammoth Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-122i_arrived.htm) |
| 6.123\* | [Purchase and Sale Agreement dated March 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series McGregor Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-123_arrived.htm) |
| 6.123.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series McGregor dated April 12, 2022 for Series McGregor Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-123i_arrived.htm) |
| 6.123.2\* | [Counteroffer to Offer dated March 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series McGregor Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-123ii_arrived.htm) |
| 6.124\* | [Purchase and Sale Agreement dated March 8, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Point Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-124_arrived.htm) |

---

---

| | |
|:---|:---|
| 6.124.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Point dated March 22, 2022 for Series Point Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-124i_arrived.htm) |
| 6.124.2\* | [Counteroffer to Offer dated March 9, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Point Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-124ii_arrived.htm) |
| 6.124.3\* | [Addendum to Purchase and Sale Agreement dated March 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Point Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-124iii_arrived.htm) |
| 6.125\* | [Purchase and Sale Agreement dated March 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Rosewood Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-125_arrived.htm) |
| 6.125.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Rosewood dated March 15, 2022 for Series Rosewood Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-125i_arrived.htm) |
| 6.126\* | [Purchase and Sale Agreement dated March 15, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Roxy Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-126_arrived.htm) |
| 6.126.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Roxy dated March 16, 2022 for Series Roxy Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-126i_arrived.htm) |
| 6.126.2\* | [Counteroffer to Offer dated March 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Roxy Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-126ii_arrived.htm) |
| 6.127\* | [Purchase and Sale Agreement dated March 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Stonebriar Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-127_arrived.htm) |
| 6.127.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Stonebriar dated March 23, 2022 for Series Stonebriar Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-127i_arrived.htm) |
| 6.127.2\* | [Addendum to Purchase and Sale Agreement dated April 6, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Stonebriar Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-127ii_arrived.htm) |
| 6.128\* | [Purchase and Sale Agreement dated February 3, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Wisteria Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-128_arrived.htm) |
| 6.128.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Wisteria dated March 11, 2022 for Series Wisteria Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022021266/ea158281ex6-128i_arrived.htm) |
| 6.129\* | [Purchase and Sale Agreement dated April 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Apollo Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022026098/ea159869ex6-129_arrived.htm) |
| 6.129.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Apollo dated April 14, 2022 for Series Apollo Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022026098/ea159869ex6-129i_arrived.htm) |
| 6.130\* | [Purchase and Sale Agreement dated April 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Baron Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022026098/ea159869ex6-130_arrived.htm) |
| 6.131\* | [Purchase and Sale Agreement dated March 29, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Madison Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022026098/ea159869ex6-131_arrived.htm) |
| 6.131.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Madison dated March 30, 2022 for Series Madison Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022026098/ea159869ex6-131i_arrived.htm) |
| 6.132\* | [Purchase and Sale Agreement dated April 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Swift Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022026098/ea159869ex6-132_arrived.htm) |
| 6.132.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Swift dated April 13, 2022 for Series Swift Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022026098/ea159869ex6-132i_arrived.htm) |
| 6.133\* | [Purchase and Sale Agreement dated April 15, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Wescott Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022026098/ea159869ex6-133_arrived.htm) |
| 6.133.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Wescott dated April 18, 2022 for Series Wescott Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022026098/ea159869ex6-133i_arrived.htm) |
| 6.134\* | [Purchase and Sale Agreement dated March 23, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Wildwood Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022026098/ea159869ex6-134_arrived.htm) |

---

---

| | |
|:---|:---|
| 6.134.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Wildwood dated April 13, 2022 for Series Wildwood Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022026098/ea159869ex6-134i_arrived.htm) |
| 6.135\* | [Purchase and Sale Agreement dated May 3, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Abbington Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022027705/ea159947ex6-135_arrived.htm) |
| 6.135.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Abbington dated May 4, 2022 for Series Abbington Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022027705/ea159947ex6-135i_arrived.htm) |
| 6.136\* | [Purchase and Sale Agreement dated April 29, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Burlington Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022027705/ea159947ex6-136_arrived.htm) |
| 6.137\* | [Purchase and Sale Agreement dated April 29, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Lannister Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022027705/ea159947ex6-137_arrived.htm) |
| 6.137.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Lannister dated May 2, 2022 for Series Lannister Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022027705/ea159947ex6-137i_arrived.htm) |
| 6.138\* | [Purchase and Sale Agreement dated April 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Nugget Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022027705/ea159947ex6-138_arrived.htm) |
| 6.138.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Nugget dated April 28, 2022 for Series Nugget Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022027705/ea159947ex6-138i_arrived.htm) |
| 6.138.2\* | [Counteroffer to Offer dated April 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Nugget Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022027705/ea159947ex6-138ii_arrived.htm) |
| 6.139\* | [Purchase and Sale Agreement dated April 29, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Pearl Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022027705/ea159947ex6-139_arrived.htm) |
| 6.139.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Pearl dated May 2, 2022 for Series Pearl Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022027705/ea159947ex6-139i_arrived.htm) |
| 6.140\* | [Purchase and Sale Agreement dated May 7, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series 101 Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022029520/ea160475ex6-140_arrived.htm) |
| 6.140.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series 101 dated May 10, 2022 for Series 101 Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022029520/ea160475ex6-140i_arrived.htm) |
| 6.140.2\* | [Addendum to Purchase and Sale Agreement dated May 7, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series 101 Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022029520/ea160475ex6-140ii_arrived.htm) |
| 6.140.3\* | [Counteroffer to Offer dated May 5, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series 101 Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022029520/ea160475ex6-140iii_arrived.htm) |
| 6.141\* | [Purchase and Sale Agreement dated May 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Hines Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022029520/ea160475ex6-141_arrived.htm) |
| 6.141.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Hines dated May 18, 2022 for Series Hines Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022029520/ea160475ex6-141i_arrived.htm) |
| 6.141.2\* | [Addendum to Purchase and Sale Agreement dated May 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Hines Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022029520/ea160475ex6-141ii_arrived.htm) |
| 6.142\* | [Purchase and Sale Agreement dated May 9, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Holcomb Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022029520/ea160475ex6-142_arrived.htm) |
| 6.142.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Holcomb dated May 11, 2022 for Series Holcomb Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022029520/ea160475ex6-142i_arrived.htm) |
| 6.143\* | [Purchase and Sale Agreement dated May 7, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Jake Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022029520/ea160475ex6-143_arrived.htm) |
| 6.143.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Jake dated May 10, 2022 for Series Jake Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022029520/ea160475ex6-143i_arrived.htm) |
| 6.144\* | [Purchase and Sale Agreement dated May 15, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Latte Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022029520/ea160475ex6-144_arrived.htm) |

---

---

| | |
|:---|:---|
| 6.144.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Latte dated May 17, 2022 for Series Latte Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022029520/ea160475ex6-144i_arrived.htm) |
| 6.145\* | [Purchase and Sale Agreement dated May 9, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Ritter Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022029520/ea160475ex6-145_arrived.htm) |
| 6.145.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ritter dated May 20, 2022 for Series Ritter Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022029520/ea160475ex6-145i_arrived.htm) |
| 6.146\* | [Purchase and Sale Agreement dated May 13, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Bazzel Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-146_arrived.htm) |
| 6.146.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bazzel dated May 12, 2022 for Series Bazzel Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-146i_arrived.htm) |
| 6.146.2\* | [Addendum to Purchase and Sale Agreement dated May 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Bazzel Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-146ii_arrived.htm) |
| 6.147\* | [Purchase and Sale Agreement dated May 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dunbar Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-147_arrived.htm) |
| 6.147.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Dunbar dated May 19, 2022 for Series Dunbar Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-147i_arrived.htm) |
| 6.147.2\* | [Addendum to Purchase and Sale Agreement dated May 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dunbar Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-147ii_arrived.htm) |
| 6.148\* | [Purchase and Sale Agreement dated May 8, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Johnny Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-148_arrived.htm) |
| 6.148.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Johnny dated May 10, 2022 for Series Johnny Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-148i_arrived.htm) |
| 6.149\* | [Purchase and Sale Agreement dated May 8, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series June Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-149_arrived.htm) |
| 6.149.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series June dated May 10, 2022 for Series June Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-149i_arrived.htm) |
| 6.150\* | [Purchase and Sale Agreement dated May 13, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Kennesaw Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-150_arrived.htm) |
| 6.150.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Kennesaw dated May 17, 2022 for Series Kennesaw Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-150i_arrived.htm) |
| 6.151\* | [Purchase and Sale Agreement dated May 19, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Lookout Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-151_arrived.htm) |
| 6.151.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Lookout dated May 19, 2022 for Series Lookout Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-151i_arrived.htm) |
| 6.152\* | [Purchase and Sale Agreement dated April 13, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Osprey Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-152_arrived.htm) |
| 6.152.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Osprey dated April 14, 2022 for Series Osprey Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-152i_arrived.htm) |
| 6.153\* | [Purchase and Sale Agreement dated May 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Pioneer Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-153_arrived.htm) |
| 6.153.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Pioneer dated May 14, 2022 for Series Pioneer Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-153i_arrived.htm) |
| 6.153.2\* | [Counteroffer to Offer dated May 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Pioneer Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-153ii_arrived.htm) |
| 6.154\* | [Purchase and Sale Agreement dated May 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Reynolds Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-154_arrived.htm) |

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| | |
|:---|:---|
| 6.154.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Reynolds dated May 18, 2022 for Series Reynolds Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022031087/ea160997ex6-154i_arrived.htm) |
| 6.155\* | [Purchase and Sale Agreement dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Clover Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-155_arrived.htm) |
| 6.155.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Clover dated May 24, 2022 for Series Clover Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-155i_arrived.htm) |
| 6.155.2\* | [Addendum to Purchase and Sale Agreement dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Clover Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-155ii_arrived.htm) |
| 6.155.3\* | [Counteroffer to Offer dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Clover Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-155iii_arrived.htm) |
| 6.156\* | [Purchase and Sale Agreement dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Collier Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-156_arrived.htm) |
| 6.156.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Collier dated June 7, 2022 for Series Collier Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-156i_arrived.htm) |
| 6.157\* | [Purchase and Sale Agreement dated May 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dogwood Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-157_arrived.htm) |
| 6.157.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Dogwood dated May 27, 2022 for Series Dogwood Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-157i_arrived.htm) |
| 6.157.2\* | [Counteroffer to Offer dated May 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dogwood Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-157ii_arrived.htm) |
| 6.158\* | [Purchase and Sale Agreement dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dorchester Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-158_arrived.htm) |
| 6.158.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Dorchester dated May 31, 2022 for Series Dorchester Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-158i_arrived.htm) |
| 6.159\* | [Purchase and Sale Agreement dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Folly Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-159_arrived.htm) |
| 6.159.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Folly dated May 31, 2022 for Series Folly Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-159i_arrived.htm) |
| 6.160\* | [Purchase and Sale Agreement dated May 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Riverwalk Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-160_arrived.htm) |
| 6.160.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Riverwalk dated June 1, 2022 for Series Riverwalk Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-160i_arrived.htm) |
| 6.161\* | [Purchase and Sale Agreement dated May 30, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Walton Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-161_arrived.htm) |
| 6.161.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Walton dated June 1, 2022 for Series Walton Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-161i_arrived.htm) |
| 6.161.2\* | [Counteroffer to Offer dated May 19, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Walton Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022032694/ea161401ex6-161ii_arrived.htm) |
| 6.162\* | [Purchase and Sale Agreement dated May 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Belle Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-162_arrived.htm) |
| 6.162.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Belle dated May 27, 2022 for Series Belle Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-162i_arrived.htm) |
| 6.162.2\* | [Addendum to Purchase and Sale Agreement dated May 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Belle Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-162ii_arrived.htm) |
| 6.163\* | [Purchase and Sale Agreement dated May 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Chitwood Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-163_arrived.htm) |

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| | |
|:---|:---|
| 6.163.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Chitwood dated May 26, 2022 for Series Chitwood Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-163i_arrived.htm) |
| 6.164\* | [Purchase and Sale Agreement dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Conway Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-164_arrived.htm) |
| 6.164.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Conway dated May 31, 2022 for Series Conway Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-164i_arrived.htm) |
| 6.164.2\* | [Addendum to Purchase and Sale Agreement dated May 26, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Conway Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-164ii_arrived.htm) |
| 6.165\* | [Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Creekside Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-165_arrived.htm) |
| 6.165.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Creekside dated June 9, 2022 for Series Creekside Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-165i_arrived.htm) |
| 6.165.2\* | [Counteroffer to Offer dated June 9, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Creekside Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-165ii_arrived.htm) |
| 6.166\* | [Purchase and Sale Agreement dated June 2, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Daisy Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-166_arrived.htm) |
| 6.166.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Daisy dated June 7, 2022 for Series Daisy Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-166i_arrived.htm) |
| 6.167\* | [Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dolly Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-167_arrived.htm) |
| 6.167.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Dolly dated June 13, 2022 for Series Dolly Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-167i_arrived.htm) |
| 6.168\* | [Purchase and Sale Agreement dated June 1, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Henry Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-168_arrived.htm) |
| 6.168.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Henry dated June 6, 2022 for Series Henry Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-168i_arrived.htm) |
| 6.169\* | [Purchase and Sale Agreement dated February 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Highland Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-169_arrived.htm) |
| 6.169.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Highland dated June 20, 2022 for Series Highland Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-169i_arrived.htm) |
| 6.169.2\* | [Addendum to Purchase and Sale Agreement dated March 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Highland Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-169ii_arrived.htm) |
| 6.170\* | [Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Kenny Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-170_arrived.htm) |
| 6.170.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Kenny dated June 13, 2022 for Series Kenny Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-170i_arrived.htm) |
| 6.171\* | [Purchase and Sale Agreement dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Loretta Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-171_arrived.htm) |
| 6.171.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Loretta dated May 31, 2022 for Series Loretta Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-171i_arrived.htm) |
| 6.172\* | [Purchase and Sale Agreement dated May 27, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Sodalis Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-172_arrived.htm) |
| 6.172.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Sodalis dated June 24, 2022 for Series Sodalis Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-172i_arrived.htm) |
| 6.173\* | [Purchase and Sale Agreement dated May 20, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Spring Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-173_arrived.htm) |

---

---

| | |
|:---|:---|
| 6.173.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Spring dated May 19, 2022 for Series Spring Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-173i_arrived.htm) |
| 6.174\* | [Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Willow Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-174_arrived.htm) |
| 6.174.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Willow dated June 28, 2022 for Series Willow Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-174i_arrived.htm) |
| 6.175\* | [Purchase and Sale Agreement dated June 7, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Wilson Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-175_arrived.htm) |
| 6.175.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Wilson dated June 16, 2022 for Series Wilson Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022037306/ea162290ex6-175i_arrived.htm) |
| 6.176\* | [Purchase and Sale Agreement dated May 19, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Blossom Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-176_arrived.htm) |
| 6.176.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Blossom dated June 16, 2022 for Series Blossom Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-176i_arrived.htm) |
| 6.176.2\* | [Addendum to Purchase and Sale Agreement dated May 20, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Blossom Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-176ii_arrived.htm) |
| 6.177\* | [Purchase and Sale Agreement dated June 2, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Bonneau Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-177_arrived.htm) |
| 6.177.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bonneau dated June 16, 2022 for Series Bonneau Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-177i_arrived.htm) |
| 6.178\* | [Purchase and Sale Agreement dated June 12, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Braxton Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-178_arrived.htm) |
| 6.178.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Braxton dated June 27, 2022 for Series Braxton Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-178i_arrived.htm) |
| 6.178.2\* | [Addendum to Purchase and Sale Agreement dated June 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Braxton Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-178ii_arrived.htm) |
| 6.179\* | [Purchase and Sale Agreement dated June 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Camino Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-179_arrived.htm) |
| 6.179.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Camino dated June 21, 2022 for Series Camino Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-179i_arrived.htm) |
| 6.179.2\* | [Addendum to Purchase and Sale Agreement dated June 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Camino Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-179ii_arrived.htm) |
| 6.180\* | [Purchase and Sale Agreement dated June 6, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Cumberland Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-180_arrived.htm) |
| 6.180.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Cumberland dated June 7, 2022 for Series Cumberland Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-180i_arrived.htm) |
| 6.180.2\* | [Addendum to Purchase and Sale Agreement dated June 6, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Cumberland Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-180ii_arrived.htm) |
| 6.181\* | [Purchase and Sale Agreement dated June 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Inglewood Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-181_arrived.htm) |
| 6.181.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Inglewood dated June 21, 2022 for Series Inglewood Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-181i_arrived.htm) |
| 6.181.2\* | [Addendum to Purchase and Sale Agreement dated June 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Inglewood Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-181ii_arrived.htm) |
| 6.181.3\* | [Counteroffer to Offer dated June 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Inglewood Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-181iii_arrived.htm) |

---

---

| | |
|:---|:---|
| 6.182\* | [Purchase and Sale Agreement dated June 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Reginald Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-182_arrived.htm) |
| 6.182.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Reginald dated June 21, 2022 for Series Reginald Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-182i_arrived.htm) |
| 6.182.2\* | [Addendum to Purchase and Sale Agreement dated June 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Reginald Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-182ii_arrived.htm) |
| 6.183\* | [Purchase and Sale Agreement dated June 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Richardson Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-183_arrived.htm) |
| 6.183.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Richardson dated June 16, 2022 for Series Richardson Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-183i_arrived.htm) |
| 6.183.2\* | [Addendum to Purchase and Sale Agreement dated June 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Richardson Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-183ii_arrived.htm) |
| 6.183.3\* | [Counteroffer to Offer dated June 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Richardson Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-183iii_arrived.htm) |
| 6.184\* | [Purchase and Sale Agreement dated June 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Wellington Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-184_arrived.htm) |
| 6.184.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Wellington dated June 21, 2022 for Series Wellington Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-184i_arrived.htm) |
| 6.184.2\* | [Addendum to Purchase and Sale Agreement dated June 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Wellington Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-184ii_arrived.htm) |
| 6.185\* | [Purchase and Sale Agreement dated June 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Winston Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-185_arrived.htm) |
| 6.185.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Winston dated June 21, 2022 for Series Winston Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-185i_arrived.htm) |
| 6.185.2\* | [Addendum to Purchase and Sale Agreement dated June 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Winston Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022039771/ea162833ex6-185ii_arrived.htm) |
| 6.186\* | [Purchase and Sale Agreement dated June 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Aster Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022041705/ea163174ex6-186_arrived.htm) |
| 6.186.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Aster dated June 28, 2022 for Series Aster Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022041705/ea163174ex6-186i_arrived.htm) |
| 6.187\* | [Purchase and Sale Agreement dated May 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Jill Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022041705/ea163174ex6-187_arrived.htm) |
| 6.188\* | [Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Marcelo Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022041705/ea163174ex6-188_arrived.htm) |
| 6.188.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Marcelo dated June 28, 2022 for Series Marcelo Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022041705/ea163174ex6-188i_arrived.htm) |
| 6.189\* | [Purchase and Sale Agreement dated December 23, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Marietta Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022041705/ea163174ex6-189_arrived.htm) |
| 6.189.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Marietta dated June 28, 2022 for Series Marietta Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022041705/ea163174ex6-189i_arrived.htm) |
| 6.190\* | [Purchase and Sale Agreement dated June 3, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Quincy Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022041705/ea163174ex6-190_arrived.htm) |
| 6.190.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Quincy dated June 5, 2022 for Series Quincy Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022041705/ea163174ex6-190i_arrived.htm) |
| 6.191\* | [Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Taylor Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022041705/ea163174ex6-191_arrived.htm) |

---

---

| | |
|:---|:---|
| 6.191.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Taylor dated June 28, 2022 for Series Taylor Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022041705/ea163174ex6-191i_arrived.htm) |
| 6.191.2\* | [Addendum to Purchase and Sale Agreement dated June 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Taylor Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022041705/ea163174ex6-191ii_arrived.htm) |
| 6.192\* | [Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Chester Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-192_arrived.htm) |
| 6.192.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Chester dated June 21, 2022 for Series Chester Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-192i_arrived.htm) |
| 6.192.2\* | [Addendum to Purchase and Sale Agreement dated June 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Chester Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-192ii_arrived.htm) |
| 6.193\* | [Purchase and Sale Agreement dated June 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Creekwood Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-193_arrived.htm) |
| 6.193.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Creekwood dated June 23, 2022 for Series Creekwood Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-193i_arrived.htm) |
| 6.193.2\* | [Addendum to Purchase and Sale Agreement dated June 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Creekwood Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-193ii_arrived.htm) |
| 6.194\* | [Purchase and Sale Agreement dated June 20, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Cypress Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-194_arrived.htm) |
| 6.194.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Cypress dated June 22, 2022 for Series Cypress Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-194i_arrived.htm) |
| 6.195\* | [Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Harrison Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-195_arrived.htm) |
| 6.195.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Harrison dated June 22, 2022 for Series Harrison Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-195i_arrived.htm) |
| 6.195.2\* | [Addendum to Purchase and Sale Agreement dated June 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Harrison Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-195ii_arrived.htm) |
| 6.196\* | [Purchase and Sale Agreement dated June 3, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Kessler Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-196_arrived.htm) |
| 6.196.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Kessler dated June 16, 2022 for Series Kessler Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-196i_arrived.htm) |
| 6.197\* | [Purchase and Sale Agreement dated March 3, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Mae Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-197_arrived.htm) |
| 6.197.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Mae dated June 20, 2022 for Series Mae Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-197i_arrived.htm) |
| 6.198\* | [Purchase and Sale Agreement dated June 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Piedmont Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-198_arrived.htm) |
| 6.198.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Piedmont dated June 22, 2022 for Series Piedmont Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-198i_arrived.htm) |
| 6.199\* | [Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Shallowford Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-199_arrived.htm) |
| 6.199.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Shallowford dated June 23, 2022 for Series Shallowford Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-199i_arrived.htm) |
| 6.199.2\* | [Addendum to Purchase and Sale Agreement dated June 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Shallowford Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-199ii_arrived.htm) |
| 6.200\* | [Purchase and Sale Agreement dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Eagle Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022055059/ea165450ex6-200_arrived.htm) |

---

---

| | |
|:---|:---|
| 6.200.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Eagle dated March 29, 2021 for Series Eagle Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022055059/ea165450ex6-200i_arrived.htm) |
| 6.200.2\* | [Counteroffer to Offer dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Eagle Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022055059/ea165450ex6-200ii_arrived.htm) |
| 6.201\* | [Purchase and Sale Agreement dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Goose Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022055059/ea165450ex6-201_arrived.htm) |
| 6.201.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Goose dated March 29, 2021 for Series Goose Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022055059/ea165450ex6-201i_arrived.htm) |
| 6.201.2\* | [Counteroffer to Offer dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Goose Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022055059/ea165450ex6-201ii_arrived.htm) |
| 6.202\* | [Purchase and Sale Agreement dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Falcon Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022055059/ea165450ex6-202_arrived.htm) |
| 6.202.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Falcon dated March 29, 2021 for Series Falcon Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022055059/ea165450ex6-202i_arrived.htm) |
| 6.202.2\* | [Counteroffer to Offer dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Falcon Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022055059/ea165450ex6-202ii_arrived.htm) |
| 6.203\* | [Purchase and Sale Agreement dated May 26, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Hansel Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022055059/ea165450ex6-203_arrived.htm) |
| 6.203.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Hanseel dated July 20, 2022 for Series Hansel Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022055059/ea165450ex6-203i_arrived.htm) |
| 6.204\* | [Purchase and Sale Agreement dated May 26, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Gretal Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022065050/ea167178ex6-204_arrive.htm) |
| 6.204.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Gretal dated July 20, 2022 for Series Gretal Property](http://www.sec.gov/Archives/edgar/data/1821720/000121390022065050/ea167178ex6-204i_arrive.htm) |
| 6.204.2\* | [Addendum to Purchase and Sale Agreement dated September 7, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Gretal Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022065050/ea167178ex6-204ii_arrive.htm) |
| 6.205\* | [Purchase and Sale Agreement dated September 2, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Mimosa Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022065050/ea167178ex6-205_arrive.htm) |
| 6.205.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Mimosa dated September 2, 2022 for Series Mimosa Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022065050/ea167178ex6-205i_arrive.htm) |
| 6.205.2\* | [Addendum to Purchase and Sale Agreement dated September 2, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Mimosa Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022065050/ea167178ex6-205ii_arrive.htm) |
| 6.206\* | [Purchase and Sale Agreement dated September 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Redondo Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022065050/ea167178ex6-206_arrive.htm) |
| 6.206.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Redondo dated September 19, 2022 for Series Redondo Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022065050/ea167178ex6-206i_arrive.htm) |
| 6.207\* | [Purchase and Sale Agreement dated September 15, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Sundance Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022065050/ea167178ex6-207_arrive.htm) |
| 6.207.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Sundance dated September 19, 2022 for Series Sundance Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022065050/ea167178ex6-207i_arrive.htm) |
| 6.208\* | [Purchase and Sale Agreement dated October 21, 2022 between Arrived Holdings,Inc./Assignee and Seller for Series Brainerd Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022069491/ea167839ex6-208_arrive.htm) |
| 6.208.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Brainerd dated October 24, 2022 for Series Brainerd Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022069491/ea167839ex6-208i_arrive.htm)<u>.</u> |
| 6.208.2\* | [Counteroffer to Offer dated October 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Brainerd Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022069491/ea167839ex6-208ii_arrive.htm)<u>.</u> |

---

---

| | |
|:---|:---|
| 6.208.3\* | [Counteroffer to Offer dated October 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Brainerd Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022069491/ea167839ex6-208iii_arrive.htm) |
| 6.209\* | [Purchase and Sale Agreement dated October 19, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Brooklyn Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022069491/ea167839ex6-209_arrive.htm) |
| 6.209.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Brooklyn dated October 24, 2022 for Series Brooklyn Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022069491/ea167839ex6-209i_arrive.htm) |
| 6.209.2\* | [Addendum to Purchase and Sale Agreement dated October 19, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Brooklyn Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022069491/ea167839ex6-209ii_arrive.htm) |
| 6.210\* | [Purchase and Sale Agreement dated October 24, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Chickamauga Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022069491/ea167839ex6-210_arrive.htm) |
| 6.210.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Chickamauga dated October 24, 2022 for Series Chickamauga Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022069491/ea167839ex6-210i_arrive.htm) |
| 6.210.2\* | [Addendum to Purchase and Sale Agreement dated October 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Chickamauga Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022069491/ea167839ex6-210ii_arrive.htm) |
| 6.211\* | [Purchase and Sale Agreement dated October 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Litton Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022069491/ea167839ex6-211_arrive.htm) |
| 6.211.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Litton dated October 24, 2022 for Series Litton Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022069491/ea167839ex6-211i_arrive.htm) |
| 6.212\* | [Purchase and Sale Agreement dated October 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Sequoyah Property](https://www.sec.gov/Archives/edgar/data/1821720/000121390022069491/ea167839ex6-212_arrive.htm) |
| 6.213\* | [Purchase and Sale Agreement dated November 8, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Lurleen Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172022000078/lurleen_psa.htm) |
| 6.213.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Lurleen dated December 1, 2022 for Series Lurleen Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172022000078/lurleen_assignment.htm) |
| 6.214\* | [Purchase and Sale Agreement dated November 28, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Regency Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172022000078/regency_psa.htm) |
| 6.214.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Regency dated December 1, 2022 for Series Regency Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172022000078/regency_assignment.htm) |
| 6.215\* | [Purchase and Sale Agreement dated November 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dops Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172022000085/dops_psa.htm) |
| 6.215.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Dops dated November 29, 2022 for Series Dops Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172022000085/dops_assignment.htm) |
| 6.215.1\* | [Addendum to Purchase and Sale Agreement dated November 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dops Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172022000085/dops_addendum.htm) |
| 6.216\* | [Purchase and Sale Agreement dated November 3, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Korin Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172022000085/korin_psa.htm) |
| 6.216.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Korin dated November 8, 2022 for Series Korin Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172022000085/korin_assignment.htm) |
| 6.217\* | [Purchase and Sale Agreement dated November 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Sunnyside Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172022000085/sunnyside_psa.htm) |
| 6.217.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Sunnyside dated November 29, 2022 for Series Sunnyside Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172022000085/sunnyside_assignment.htm) |
| 6.218\* | [Purchase and Sale Agreement dated April 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Brennan Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/brennan_psa.htm) |
| 6.218.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Brennan dated April 8, 2022 for Series Brennan Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/brennan_assignment.htm) |
| 6.219\* | [Purchase and Sale Agreement dated January 6, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Ella Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/ella_psa.htm) |
| 6.219.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ella dated January 10, 2023 for Series Ella Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/ella_assignment.htm) |

---

---

| | |
|:---|:---|
| 6.219.2\* | [Counteroffer to Offer dated January 8, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Ella Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/ella_counteroffer.htm) |
| 6.220\* | [Purchase and Sale Agreement dated December 9, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Hansard Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/hansard_psa.htm) |
| 6.220.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Hansard dated November 29, 2022 for Series Hansard Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/hansard_assignment.htm) |
| 6.221\* | [Purchase and Sale Agreement dated December 9, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Jefferson Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/jefferson_psa.htm) |
| 6.221.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Jefferson dated December 9, 2022 for Series Jefferson Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/jefferson_assignment.htm) |
| 6.222\* | [Purchase and Sale Agreement dated December 9, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Marie Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/marie_psa.htm) |
| 6.222.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Marie dated December 9, 2022 for Series Marie Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/jefferson_assignment.htm) |
| 6.223\* | [Purchase and Sale Agreement dated December 8, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Sajni Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/sajni_psa.htm) |
| 6.223.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Sajni dated December 15, 2022 for Series Sajni Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/sajni_assignment.htm) |
| 6.223.2\* | [Counteroffer to Offer dated December 8, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Sajni Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/sajni_counteroffer.htm) |
| 6.224\* | [Purchase and Sale Agreement dated November 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Salinas Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/salinas_psa.htm) |
| 6.224.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Salinas dated November 29, 2022 for Series Salinas Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/salinas_assignment.htm) |
| 6.224.2\* | [Counteroffer to Offer dated October 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Salinas Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/salinas_counteroffer.htm) |
| 6.225\* | [Purchase and Sale Agreement dated November 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Tuscarora Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/tuscarora_psa.htm) |
| 6.225.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Tuscarora dated November 29, 2022 for Series Tuscarora Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000010/tuscarora_assignment.htm) |
| 6.226\* | [Purchase and Sale Agreement dated April 23,202 between Arrived Holdings, Inc./Assignee and Seller for Series Avondale Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000023/avondale_psa.htm) |
| 6.226.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Avondale dated May 3, 2023 for Series Avondale Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000023/avondale_assignment.htm) |
| 6.226.2\* | [Addendum to Purchase and Sale Agreement dated April 23, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Avondale Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000023/avondale_addendum.htm) |
| 6.227\* | [Purchase and Sale Agreement dated April 23,202 between Arrived Holdings, Inc./Assignee and Seller for Series Belvedere Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000023/belevedere_psa.htm) |
| 6.227.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Belvedere dated April 21, 2023 for Series Belvedere Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000023/belvedere_assignment.htm) |
| 6.228\* | [Purchase and Sale Agreement dated December 6, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Cove Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000023/cove_psa.htm) |
| 6.228.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Cove dated December 8, 2022 for Series Cove Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000023/cove_assignment.htm) |
| 6.229\* | [Reserved.] |
| 6.229.1\* | [Reserved.] |
| 6.230\* | [Purchase and Sale Agreement dated April 13,202 between Arrived Holdings, Inc./Assignee and Seller for Series Martell Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000023/martell_psa.htm) |
| 6.230.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Martell dated April 27, 2023 for Series Martell Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000023/martell_assignment.htm) |
| 6.230.2\* | [Counteroffer to Offer dated April 14, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Martell Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000023/martell_counteroffer.htm) |

---

---

| | |
|:---|:---|
| 6.231\* | [Purchase and Sale Agreement dated April 29, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Fenwick Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/fenwick_psa.htm) |
| 6.231.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Fenwick dated May 8, 2023 for Series Fenwick Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/fenwick_assignment.htm) |
| 6.231.2\* | [Addendum to Purchase and Sale Agreement dated May 5, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Fenwick Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/fenwick_addendum.htm) |
| 6.232\* | [Purchase and Sale Agreement dated April 21, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Longwoods Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/longwoods_psa.htm) |
| 6.232.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Longwoods dated May 5, 2023 for Series Longwoods Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/longwoods_assignment.htm) |
| 6.232.2\* | [Counteroffer to Offer dated April 26, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Longwoods Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/longwoods_counteroffer.htm) |
| 6.233\* | [Purchase and Sale Agreement dated April 29, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Louis Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/louis_psa.htm) |
| 6.233.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Louis dated May 8, 2023 for Series Louis Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/louis_assignment.htm) |
| 6.234\* | [Purchase and Sale Agreement dated April 27, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Mycroft Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/mycroft_psa.htm) |
| 6.234.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Mycroft dated April 13, 2023 for Series Mycroft Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/mycroft_assignment.htm) |
| 6.235\* | [Purchase and Sale Agreement dated April 27, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Osceola Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/osceola_psa.htm) |
| 6.235.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Osceola dated May 4, 2023 for Series Osceola Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/osceola_assignment.htm) |
| 6.235.2\* | [Addendum to Purchase and Sale Agreement dated April 27, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Osceola Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/osceola_addendum.htm) |
| 6.236\* | [Purchase and Sale Agreement dated May 4, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Sims Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/sims_psa.htm) |
| 6.236.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Sims dated May 17, 2023 for Series Sims Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/sims_assignment.htm) |
| 6.236.2\* | [Addendum to Purchase and Sale Agreement dated May 1, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Sims Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/sims_addendum.htm) |
| 6.236.3\* | [Counteroffer to Offer dated April 26, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Sims Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000027/sims_counteroffer.htm) |
| 6.237\* | [Purchase and Sale Agreement dated May 9, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Augusta Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/augusta_psa.htm) |
| 6.237.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Augusta dated May 11, 2023 for Series Augusta Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/augusta_assignment.htm) |
| 6.238\* | [Purchase and Sale Agreement dated April 28, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Bella Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/bella_psa.htm) |
| 6.238.18 | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bella dated May 15, 2023 for Series Bella Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/bella_assignment.htm) |
| 6.239\* | [Purchase and Sale Agreement dated May 10, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Cawley Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/cawley_psa.htm) |
| 6.239.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Cawley dated May 24, 2023 for Series Cawley Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/cawley_assignment.htm) |
| 6.240\* | [Purchase and Sale Agreement dated May 19, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Foster Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/foster_psa.htm) |
| 6.240.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Foster dated May 30, 2023 for Series Foster Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/foster_assignment.htm) |
| 6.241\* | [Purchase and Sale Agreement dated May 10, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Franklin Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/franklin_psa.htm) |

---

---

| | |
|:---|:---|
| 6.241.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Franklin dated May 30, 2023 for Series Franklin Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/franklin_assignment.htm) |
| 6.241.2\* | [Counteroffer to Offer dated May 10, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Franklin Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/franklin_counteroffer.htm) |
| 6.242\* | [Purchase and Sale Agreement dated May 10, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series General Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/general_psa.htm) |
| 6.242.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series General dated May 30, 2023 for Series General Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/general_assignment.htm) |
| 6.243\* | [Purchase and Sale Agreement dated May 10, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Marion Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/marion_psa.htm) |
| 6.243.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Marion dated May 22, 2023 for Series Marion Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/marion_assignment.htm) |
| 6.243.2\* | [Counteroffer to Offer dated April 14, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Marion Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/marion_counteroffer.htm) |
| 6.244\* | [Purchase and Sale Agreement dated April 13, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Marple Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/marple_psa.htm) |
| 6.244.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Marple dated April 27, 2023 for Series Marple Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/marple_assignment.htm) |
| 6.245\* | [Purchase and Sale Agreement dated April 13, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Mary Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/mary_psa.htm) |
| 6.245.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Mary dated May 22, 2023 for Series Mary Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/mary_assignment.htm) |
| 6.246\* | [Purchase and Sale Agreement dated May 4, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Onyx Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/onyx_psa.htm) |
| 6.246.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Onyx dated May 22, 2023 for Series Onyx Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/onyx_assignment.htm) |
| 6.247\* | [Purchase and Sale Agreement dated May 20, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Palmer Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/palmer_psa.htm) |
| 6.247.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Palmer dated May 24, 2023 for Series Palmer Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/palmer_assignment.htm) |
| 6.248\* | [Purchase and Sale Agreement dated May 20, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Porthos Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/porthos_psa.htm) |
| 6.248.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Porthos dated May 24, 2023 for Series Porthos Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/porthos_assignment.htm) |
| 6.248.2\* | [Addendum to Purchase and Sale Agreement dated April 26, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Porthos Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/porthos_addendum.htm) |
| 6.248.3\* | [Counteroffer to Offer dated April 26, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Porthos Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/porthos_counteroffer.htm) |
| 6.249\* | [Purchase and Sale Agreement dated May 18, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Simon Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/simon_psa.htm) |
| 6.249.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Simon dated May 24, 2023 for Series Simon Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/simon_assignment.htm) |
| 6.250\* | [Purchase and Sale Agreement dated May 18, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Theodore Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/theodore_psa.htm) |
| 6.250.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Theodore dated May 24, 2023 for Series Theodore Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000040/theodore_assignment.htm) |
| 6.251\* | [Purchase and Sale Agreement dated April 7, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Bergenia Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000050/bergenia_psa.htm) |
| 6.251.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bergenia dated July 5, 2023 for Series Bergenia Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000050/bergenia_psa.htm) |
| 6.252\* | [Purchase and Sale Agreement dated May 5, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Chinook Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000050/chinook_psa.htm) |

---

---

| | |
|:---|:---|
| 6.252.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Chinook dated May 23, 2023 for Series Chinook Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000050/chinook_assignment.htm) |
| 6.252.2\* | [Addendum to Purchase and Sale Agreement dated May 2, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Chinook Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000050/chinook_addendum.htm) |
| 6.252.3\* | [Counteroffer to Offer dated May 5, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Chinook Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000050/chinook_counteroffer.htm) |
| 6.253\* | [Purchase and Sale Agreement dated May 5, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Ellen Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000050/ellen_psa.htm) |
| 6.253.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ellen dated May 24, 2023 for Series Ellen Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000050/ellen_assignment.htm) |
| 6.253.2\* | [Addendum to Purchase and Sale Agreement dated May 2, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Ellen Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000050/ellen_addendum.htm) |
| 6.254\* | [Purchase and Sale Agreement dated May 8, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Felix Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000050/felix_psa.htm) |
| 6.254.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Felix dated May 24, 2023 for Series Felix Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000050/felix_assignment.htm) |
| 6.255\* | [Purchase and Sale Agreement dated May 4, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Oscar Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000050/oscar_psa.htm) |
| 6.255.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Oscar dated May 24, 2023 for Series Oscar Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000050/oscar_assignment.htm) |
| 6.256\* | [Purchase and Sale Agreement dated March 30, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Abernant Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/abernant_psa.htm) |
| 6.256.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Abernant dated July 24, 2023 for Series Abernant Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/abernant_assignment.htm) |
| 6.257\* | [Purchase and Sale Agreement dated June 19, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Alvin Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/alvin_psa.htm) |
| 6.257.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Alvin dated July 25, 2023 for Series Alvin Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/alvin_assignment.htm) |
| 6.258\* | [Purchase and Sale Agreement dated June 19, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Ballinger Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/ballinger_psa.htm) |
| 6.258.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ballinger dated July 25, 2023 for Series Ballinger Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/ballinger_assignment.htm) |
| 6.259\* | [Purchase and Sale Agreement dated March 29, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Briarwood Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/briarwood_psa.htm) |
| 6.259.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Briarwood dated July 5, 2023 for Series Briarwood Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/briarwood_assignment.htm) |
| 6.260\* | [Purchase and Sale Agreement dated April 18, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Calvin Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/calvin_psa.htm) |
| 6.260.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Calvin dated July 20, 2023 for Series Calvin Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/calvin_assignment.htm) |
| 6.260.2\* | [Addendum to Purchase and Sale Agreement dated April 17, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Calvin Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/calvin_addendum.htm) |
| 6.261\* | [Purchase and Sale Agreement dated June 19, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Eastwood Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/eastwood_psa.htm) |
| 6.261.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Eastwood dated July 25\], 2023 for Series Eastwood Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/eastwood_assignment.htm) |
| 6.262\* | [Purchase and Sale Agreement dated April 13, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Fletcher Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/fletcher_psa.htm) |
| 6.262.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Fletcher dated July 5, 2023 for Series Fletcher Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/fletcher_assignment.htm) |
| 6.263\* | [Purchase and Sale Agreement dated April 18, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Hargrave Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/hargrave_psa.htm) |

---

---

| | |
|:---|:---|
| 6.263.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Hargrave dated July 20, 2023 for Series Hargrave Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/hargrave_assignment.htm) |
| 6.263.2\* | [Addendum to Purchase and Sale Agreement dated April 17, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Hargrave Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/hargrave_addendum.htm) |
| 6.264\* | [Purchase and Sale Agreement dated April 18, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Hobbes Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/hobbes_psa.htm) |
| 6.264.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Hobbes dated July 20, 2023 for Series Hobbes Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/hobbes_assignment.htm) |
| 6.264.2\* | [Addendum to Purchase and Sale Agreement dated April 17, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Hobbes Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/hobbes_addendum.htm) |
| 6.265\* | [Purchase and Sale Agreement dated April 13, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Irene Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/irene_psa.htm) |
| 6.265.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Irene dated July 5, 2023 for Series Irene Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/irene_assignment.htm) |
| 6.266\* | [Purchase and Sale Agreement dated March 27, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Peterson Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/peterson_psa.htm) |
| 6.266.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Peterson dated July 24, 2023 for Series Peterson Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/peterson_assignment.htm) |
| 6.267\* | [Purchase and Sale Agreement dated May 9, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Richmond Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/richmond_psa.htm) |
| 6.267.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Richmond dated July 20, 2023 for Series Richmond Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/richmond_assignment.htm) |
| 6.268\* | [Purchase and Sale Agreement dated May 18, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Winchester Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/winchester_psa.htm) |
| 6.268.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Winchester dated July 5, 2023 for Series Winchester Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/winchester_assignment.htm) |
| 6.268.2\* | [Addendum to Purchase and Sale Agreement dated April 17, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Winchester Property](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000058/winchester_addendum.htm) |
| 6.269\* | [Form of Property Management Agreement dated \[\*\], between Mynd Property Management and Arrived Homes Series \[\*\], a series of Arrived Homes, LLC](https://www.sec.gov/Archives/edgar/data/1821720/000182172023000067/mynd_pmagreement.htm) |
| 6.270\* | [Purchase and Sale Agreement dated January 2, 2024 between Arrived Holdings, Inc./Assignee and Seller for Series Arlo Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172024000008/arlo_psa.htm) |
| 6.270.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Arlo dated February 5, 2024 for Series Arlo Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172024000008/arlo_assignment.htm) |
| 6.271\* | [Purchase and Sale Agreement dated January 12, 2024 between Arrived Holdings, Inc./Assignee and Seller for Series Bellvue Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172024000008/bellvue_psa.htm) |
| 6.271.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bellvue dated January 30, 2024 for Series Bellvue Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172024000008/bellvue_assignment.htm) |
| 6.272\* | [Purchase and Sale Agreement dated January 11, 2024 between Arrived Holdings, Inc./Assignee and Seller for Series Hualapai Property](http://www.sec.gov/Archives/edgar/data/1821720/000182172024000008/hualapai_psa.htm) |

---

\* Previously Filed

**SIGNATURES**

Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on September 26, 2025.

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| | | |
|:---|:---|:---|
| **ARRIVED HOMES, LLC** | **ARRIVED HOMES, LLC** | **ARRIVED HOMES, LLC** |
| By: | Arrived Fund Manager, LLC, its managing member | Arrived Fund Manager, LLC, its managing member |
| By: | /s/ Ryan Frazier | /s/ Ryan Frazier |
|  | Name: | Ryan Frazier |
|  | Title: | Chief Executive Officer |

---

Pursuant to the requirements of Regulation A, this report has been signed below by the following persons on behalf of the issuer and in the capacities and on the dates indicated.

---

| | | | |
|:---|:---|:---|:---|
| **SIGNATURE** | **SIGNATURE** | **TITLE** | **DATE** |
| /s/ Ryan Frazier | /s/ Ryan Frazier | Chief Executive Officer of Arrived Holdings, Inc. | September 26, 2025 |
| Ryan Frazier | Ryan Frazier | (principal executive officer)<br> Chief Executive Officer and <br> Director of Arrived Homes, LLC |  |
| /s/ Sue Korn | /s/ Sue Korn | Principal Financial and | September 26, 2025 |
| Sue Korn | Sue Korn | Accounting Officer of Arrived Holdings, Inc.<br> Principal Financial and<br> Accounting Officer of Arrived Homes, LLC |  |
| Arrived Fund Manager, LLC | Arrived Fund Manager, LLC | Managing Member | September 26, 2025 |
| By: | /s/ Ryan Frazier |  |  |
| Name: | Ryan Frazier |  |  |
| Title: | Chief Executive Officer |  |  |

---