# EDGAR Filing Document

**Accession Number:** 0001821720
**File Stem:** 0001213900-23-009305
**Filing Date:** 2023-2
**Character Count:** 366235
**Document Hash:** 27dbe3219da035eff63a8a64fc28387f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-009305.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001213900-23-009305

**CONFORMED SUBMISSION TYPE**: 1-SA/A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20220630

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Arrived Homes, LLC
- **CENTRAL INDEX KEY:** 0001821720
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE [6500]
- **IRS NUMBER:** 852046587
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-SA/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 24R-00419
- **FILM NUMBER:** 23599706

**BUSINESS ADDRESS:**
- **STREET 1:** 999 3RD AVE, SUITE 3300
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98104
- **BUSINESS PHONE:** 2066597920

**MAIL ADDRESS:**
- **STREET 1:** 999 3RD AVE, SUITE 3300
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98104

**United States**

**Securities And Exchange Commission** 

**Washington, D.C. 20549**

**FORM 1-SA/A**

**(Amendment No. 1)**

**SEMIANNUAL REPORT PURSUANT TO REGULATION A**

For the fiscal period ended

**June 30, 2022**

**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)

**Arrived Homes Series 100; Arrived Homes Series 101; Arrived Homes Series Abbington; Arrived Homes Series Amber; Arrived Homes Series Apollo; Arrived Homes Series Aster; Arrived Homes Series Avebury; Arrived Homes Series Badminton; Arrived Homes Series Bandelier; Arrived Homes Series Baron; Arrived Homes Series Basil; Arrived Homes Series Bayside; Arrived Homes Series Bazzel; Arrived Homes Series Bedford; Arrived Homes Series Belle; Arrived Homes Series Blossom; Arrived Homes Series Bonneau; Arrived Homes Series Braxton; Arrived Homes Series Brennan; Arrived Homes Series Burlington; Arrived Homes Series Butter; Arrived Homes Series Camino; Arrived Homes Series Campbell; Arrived Homes Series Captain; Arrived Homes Series Centennial; Arrived Homes Series Chaparral; Arrived Homes Series Chattahoochee; Arrived Homes Series Chelsea; Arrived Homes Series Chester; Arrived Homes Series Chitwood; Arrived Homes Series Clover; Arrived Homes Series Coatbridge; Arrived Homes Series Collier; Arrived Homes Series Collinston; Arrived Homes Series Conway; Arrived Homes Series Creekside; Arrived Homes Series Creekwood; Arrived Homes Series Cumberland; Arrived Homes Series Cupcake; Arrived Homes Series Cypress; Arrived Homes Series Daisy; Arrived Homes Series Davidson; Arrived Homes Series Dawson; Arrived Homes Series Delta; Arrived Homes Series Dewberry; Arrived Homes Series Diablo; Arrived Homes Series Dogwood; Arrived Homes Series Dolittle; Arrived Homes Series Dolly; Arrived Homes Series Dorchester; Arrived Homes Series Dunbar; Arrived Homes Series Duncan; Arrived Homes Series Eagle; Arrived Homes Series Eastfair; Arrived Homes Series Elevation; Arrived Homes Series Elm; Arrived Homes Series Emporia; Arrived Homes Series Ensenada; Arrived Homes Series Falcon; Arrived Homes Series Folly; Arrived Homes Series Forest; Arrived Homes Series Gardens; Arrived Homes Series Goose; Arrived Homes Series Grant; Arrived Homes Series Greenhill; Arrived Homes Series Gretal; Arrived Homes Series Grove; Arrived Homes Series Hadden; Arrived Homes Series Hansel; Arrived Homes Series Harrison; Arrived Homes Series Henry; Arrived Homes Series Heritage; Arrived Homes Series Heron; Arrived Homes Series Highland; Arrived Homes Series Hines; Arrived Homes Series Holcomb; Arrived Homes Series Holland; Arrived Homes Series Hollandaise; Arrived Homes Series Holloway; Arrived Homes Series Inglewood; Arrived Homes Series Jack; Arrived Homes Series Jake; Arrived Homes Series Jill; Arrived Homes Series Johnny; Arrived Homes Series June; Arrived Homes Series Jupiter; Arrived Homes Series Kawana; Arrived Homes Series Kennesaw; Arrived Homes Series Kenny; Arrived Homes Series KerriAnn; Arrived Homes Series Kessler; Arrived Homes Series Kingsley; Arrived Homes Series Kirkwood; Arrived Homes Series Lallie; Arrived Homes Series Lanier; Arrived Homes Series Lannister; Arrived Homes Series Latte; Arrived Homes Series Lennox; Arrived Homes Series Lierly; Arrived Homes Series Lily; Arrived Homes Series Limestone; Arrived Homes Series Lookout; Arrived Homes Series Loretta; Arrived Homes Series Louise; Arrived Homes Series Lovejoy; Arrived Homes Series Luna; Arrived Homes Series Madison; Arrived Homes Series Mae; Arrived Homes Series Magnolia; Arrived Homes Series Malbec; Arrived Homes Series Mammoth; Arrived Homes Series Marcelo; Arrived Homes Series Marietta; Arrived Homes Series Matchingham; Arrived Homes Series McGregor; Arrived Homes Series McLovin; Arrived Homes Series Meadow; Arrived Homes Series Mimosa; Arrived Homes Series Mojave; Arrived Homes Series Moonbeam; Arrived Homes Series Murphy; Arrived Homes Series Nugget; Arrived Homes Series Odessa; Arrived Homes Series Olive; Arrived Homes Series Oly; Arrived Homes Series Osprey; Arrived Homes Series Otoro; Arrived Homes Series Patrick; Arrived Homes Series Peanut; Arrived Homes Series Pearl; Arrived Homes Series Pecan; Arrived Homes Series Piedmont; Arrived Homes Series Pinot; Arrived Homes Series Pioneer; Arrived Homes Series Plumtree; Arrived Homes Series Point; Arrived Homes Series Quincy; Arrived Homes Series Redondo; Arrived Homes Series Reginald; Arrived Homes Series Reynolds; Arrived Homes Series Ribbonwalk; Arrived Homes Series Richardson; Arrived Homes Series Ridge; Arrived Homes Series Ritter; Arrived Homes Series River; Arrived Homes Series Riverwalk; Arrived Homes Series Rooney; Arrived Homes Series Roseberry; Arrived Homes Series Rosewood; Arrived Homes Series Roxy; Arrived Homes Series Saddlebred; Arrived Homes Series Saint; Arrived Homes Series Salem; Arrived Homes Series Saturn; Arrived Homes Series Scepter; Arrived Homes Series Shallowford; Arrived Homes Series Shoreline; Arrived Homes Series Sigma; Arrived Homes Series Soapstone; Arrived Homes Series Sodalis; Arrived Homes Series Spencer; Arrived Homes Series Splash; Arrived Homes Series Spring; Arrived Homes Series Stonebriar; Arrived Homes Series Sugar; Arrived Homes Series Summerset; Arrived Homes Series Sundance; Arrived Homes Series Swift; Arrived Homes Series Taylor; Arrived Homes Series Terracotta; Arrived Homes Series Tulip; Arrived Homes Series Tuscan; Arrived Homes Series Tuscarora; Arrived Homes Series Tuxford; Arrived Homes Series Vernon; Arrived Homes Series Walton; Arrived Homes Series Wave; Arrived Homes Series Weldon; Arrived Homes Series Wellington; Arrived Homes Series Wentworth; Arrived Homes Series Wescott; Arrived Homes Series Westchester; Arrived Homes Series Wildwood; Arrived Homes Series Willow; Arrived Homes Series Wilson; Arrived Homes Series Windsor; Arrived Homes Series Winston; Arrived Homes Series Wisteria**

(Title of each class of securities issued pursuant to Regulation A)

**Explanatory Note**

This Amendment No. 1 to our semi-annual report on Form 1-SA/A is being filed to correct certain table headings in our financial statements and include results of operations for the six month period ended June 30, 2021 under Management's Discussion and Analysis.

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| [ITEM 1. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION](#item1_001) | 1 |
| [ITEM 2. OTHER INFORMATION](#item1_002) | 9 |
| [ITEM 3. FINANCIAL STATEMENTS](#item1_003) | F-1 |
| [ITEM 4. EXHIBITS](#item1_004) | 10 |

---

i

**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**

The information contained in this Semiannual Report 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 Semiannual Report 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 Homes platform will be as currently anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which, including the impact of the COVID-19 coronavirus, 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 also described in our Offering Circular under the headings "Summary – Summary Risk Factors" and "Risk Factors." 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 specific single-family rental homes. We believe people should have the freedom to move to pursue new opportunities in their lives while still having access to the wealth creation that long-term home ownership and real estate investment can provide. To support this idea, we are building what we believe to be a new model for home ownership and real estate investment that doesn't lock people into a single home or city. We believe in passive income, conservative debt, freedom to move, diversification, and aligned incentives.

Arrived is a marketplace for investing in homes. We buy single family homes, lease them, 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, they can invest in real estate without needing to apply for mortgages or take on personal debt, and they can move to new homes or cities and continue holding their Arrived investments without having to worry about selling homes they're invested in.

Arrived does all of the work of sourcing, analyzing, maintaining, and managing all of the homes that we acquire. We analyze every home 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 rents the homes we acquire to tenants who can also invest through the same process as any other member of the Arrived Homes platform, becoming part owners of the homes they're living in at that time. By investing together, we align incentives towards creating value for everyone.

Arrived Homes and its series, as of June 30, 2021 had a total of six properties. Compared to June 30, 2022, Arrived Homes and its series has grown to 135 properties. The increase of properties acquired, expansion in markets outside of Arkansas, and partnerships with third party property managers contributed to the growth of the business.

**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.

**Impact of the COVID-19 Coronavirus Pandemic**

In December 2019, a novel strain of coronavirus, referred to as COVID-19, was reported in Wuhan, China. COVID-19 has since spread to other countries, including the United States, and was declared a pandemic by the World Health Organization.

Our manager has taken steps to take care of its employees, including providing the ability for employees to work remotely. Our manager is also assessing business continuity plans for all business units, including ours, in the context of COVID-19. This is a rapidly evolving situation, and our manager will continue to monitor and mitigate developments affecting its workforce. Our manager has reviewed and will continue to carefully review all rules, regulations and orders and will respond accordingly.

The continued spread of COVID-19 has also led to severe disruption and volatility in the global financial markets, which could increase our cost of capital and adversely affect our liquidity and ability to access capital markets in the future. The continued spread of COVID-19 has caused an economic slowdown and may cause a recession or other unpredictable events, each of which could adversely affect our business, results of operations or financial condition. The pandemic has had, and could have a significantly greater, material adverse effect on the United States economy as a whole and in our industry in particular.

The extent to which COVID-19 may impact our results will depend on future developments, which are highly uncertain and cannot be predicted as of the date of this Form 1-SA, including new information that may emerge concerning the severity of the pandemic and steps taken to contain the pandemic or treat its impact, among others. Nevertheless, the pandemic; the current financial, economic and capital markets environment; and future developments in the global supply chain and other areas present material uncertainty and risk with respect to our performance, financial condition, results of operations and cash flows.

Further, the COVID-19 outbreak has caused unprecedented levels of global uncertainty and may impact the value of real estate. The extent and duration of this disruption cannot be accurately estimated, and the real estate industry may take a significant amount of time to recover. Although we intend to hold and manage all of the assets marketed on the Arrived Platform for an average of five to seven years, the COVID-19 outbreak and resulting economic uncertainty may impact the value of the underlying assets, and consequently the value of the interests.

**Operating Results**

 ****

***Revenues***

There are no material differences between June 30, 2021 to June 30, 2022 for the 6 series filed in the June 30, 2021 outside of occupancy that would impact Rental Income. The increase in Rental Revenue is due to the increase of the total series issued by Arrived, Homes, LLC as of June 30, 2022.

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| | | |
|:---|:---|:---|
| **RENTAL REVENUE** | **RENTAL REVENUE** | **RENTAL REVENUE** |
| **Series Name** | **June 30,<br> 2022** | **June 30,<br> 2021** |
| 100 | $- | $- |
| 101 | $- | $- |
| Abbington | $- | $- |
| Amber | $5022 | $- |
| Apollo | $- | $- |
| Avebury | $2095 | $- |
| Badminton | $11970 | $- |
| Bandelier | $4319 | $- |
| Baron | $2500 | $- |
| Basil | $8970 | $- |
| Bayside | $12570 | $- |
| Bazzel | $- | $- |
| Bedford | $6885 | $- |
| Burlington | $3500 | $- |
| Butter | $5776 | $- |
| Centennial | $11370 | $- |
| Chaparral | $6341 | $4350 |
| Chelsea | $2195 | $- |
| Clover | $- | $- |
| Coatbridge | $13630 | $- |
| Collier | $- | $- |
| Collinston | $1814 | $- |
| Cupcake | $9870 | $- |
| Davidson | $1830 | $- |
| Dawson | $6780 | $- |
| Delta | $12633 | $- |
| Dewberry | $9980 | $- |
| Diablo | $965 | $- |
| Dogwood | $- | $- |
| Dolittle | $9890 | $- |
| Dorchester | $- | $- |
| Dunbar | $- | $- |
| Eastfair | $10770 | $- |
| Elevation | $12135 | $- |
| Elm | $9570 | $- |
| Emporia | $7477 | $- |
| Ensenada | $12436 | $- |
| Folly | $- | $- |
| Forest | $14970 | $- |
| Gardens | $1495 | $- |
| Grant | $10067 | $- |
| Greenhill | $10960 | $- |
| Grove | $- | $- |
| Hadden | $1645 | $- |
| Heritage | $739 | $- |
| Heron | $- | $- |
| Hines | $- | $- |
| Holcomb | $- | $- |
| Holland | $1445 | $- |
| Hollandaise | $1104 | $- |
| Holloway | $14970 | $- |
| Jack | $4680 | $- |
| Jake | $- | $- |
| Johnny | $- | $- |
| June | $- | $- |
| Jupiter | $4871 | $- |
| Kawana | $- | $- |
| Kennesaw | $- | $- |
| KerriAnn | $3458 | $- |
| Kingsley | $13580 | $- |
| Kirkwood | $1170 | $- |
| Lallie | $14970 | $- |
| Lanier | $5190 | $- |
| Lannister | $- | $- |
| Latte | $- | $- |
| Lennox | $10170 | $- |

---

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| | | |
|:---|:---|:---|
| **RENTAL REVENUE** | **RENTAL REVENUE** | **RENTAL REVENUE** |
| **Series Name** | **June 30,<br> 2022** | **June 30,<br> 2021** |
| Lierly | $10500 | $4425 |
| Lily | $- | $- |
| Limestone | $11575 | $- |
| Lookout | $- | $- |
| Louise | $4390 | $- |
| Lovejoy | $2527 | $- |
| Luna | $10500 | $- |
| Madison | $- | $- |
| Magnolia | $903 | $- |
| Malbec | $13470 | $- |
| Mammoth | $2995 | $- |
| Matchingham | $10770 | $- |
| McGregor | $442 | $- |
| McLovin | $10805 | $- |
| Meadow | $4906 | $- |
| Mojave | $9870 | $- |
| Murphy | $11801 | $- |
| Nugget | $- | $- |
| Odessa | $5429 | $- |
| Olive | $11370 | $- |
| Oly | $14175 | $- |
| Osprey | $- | $- |
| Otoro | $5590 | $- |
| Patrick | $8250 | $4500 |
| Peanut | $3390 | $- |
| Pearl | $3000 | $- |
| Pecan | $9650 | $4350 |
| Pinot | $13530 | $- |
| Pioneer | $- | $- |
| Plumtree | $9600 | $4325 |
| Point | $2295 | $- |
| Reynolds | $- | $- |
| Ribbonwalk | $1995 | $- |
| Ridge | $10170 | $- |
| Ritter | $1000 | $- |
| River | $11970 | $- |
| Riverwalk | $- | $- |
| Rooney | $- | $- |
| Roseberry | $13770 | $- |
| Rosewood | $- | $- |
| Roxy | $- | $- |
| Saddlebred | $- | $- |
| Saint | $11051 | $- |
| Salem | $13170 | $- |
| Saturn | $2843 | $- |
| Scepter | $4787 | $- |
| Shoreline | $13770 | $- |
| Sigma | $- | $- |
| Soapstone | $9600 | $4800 |
| Spencer | $13170 | $- |
| Splash | $8700 | $- |
| Stonebriar | $- | $- |
| Sugar | $10770 | $- |
| Summerset | $10170 | $- |
| Swift | $842 | $- |
| Terracotta | $3176 | $- |
| Tulip | $- | $- |
| Tuscan | $13795 | $- |
| Tuxford | $4343 | $- |
| Vernon | $3729 | $- |
| Walton | $- | $- |
| Wave | $5169 | $- |
| Weldon | $2444 | $- |
| Wentworth | $9720 | $- |
| Wescott | $- | $- |
| Westchester | $14970 | $- |
| Wildwood | $- | $- |
| Windsor | $15570 | $- |
| Wisteria | $2195 | $- |
| **Total Rental Revenue** | $**723399** | $**26750** |

---

***Operating Expenses***

The Company incurred the following operating expenses during the six-month period ended June 30, 2022 and the six-month period ended June 30, 2021. 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 material impact of the six-month period ended June 30, 2022 compared to the six-month period ended June 30, 2021 was generally due to the period in which the Series begins its depreciation, repair and maintenance expenses, vacancy expenses, turnover expenses, and other expenses associated to the operations of the Series.

During the six-month period ended June 30, 2022 and the six-month period ended June 30, 2021, at the close of the respective offerings for the series, each individual series became responsible for its own operating expenses. The following table summarizes the total operating expenses by series as of June 30, 2022 and June 30, 2021:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **OPERATING EXPENSES** | **OPERATING EXPENSES** | **OPERATING EXPENSES** | **OPERATING EXPENSES** | **OPERATING EXPENSES** | **OPERATING EXPENSES** | **OPERATING EXPENSES** |
| | **June 30, 2022** | **June 30, 2022** | **June 30, 2022** | **June 30, 2021** | **June 30, 2021** | **June 30, 2021** |
| <br> **Series Name** | **Operating Expenses** | **Depreciation Expense** | **Total Expenses** | **Operating Expenses** | **Depreciation Expense** | **Total Expenses** |
| 100 | $5936 | $1407 | $7343 | $- | $- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| 101 | $1805 | $- | $1805 | $- | $- | $- |
| Abbington | $1644 | $- | $1644 | $- | $- | $- |
| Amber | $5848 | $4208 | $10056 | $- | $- | $- |
| Apollo | $1182 | $- | $1182 | $- | $- | $- |
| Avebury | $4641 | $1998 | $6639 | $- | $- | $- |
| Badminton | $3545 | $3505 | $7050 | $- | $- | $- |
| Bandelier | $7148 | $4170 | $11318 | $- | $- | $- |
| Baron | $1364 | $- | $1364 | $- | $- | $- |
| Basil | $2628 | $2777 | $5405 | $- | $- | $- |
| Bayside | $4149 | $3525 | $7674 | $- | $- | $- |
| Bazzel | $770 | $568 | $1338 | $- | $- | $- |
| Bedford | $6952 | $1924 | $8876 | $- | $- | $- |
| Burlington | $1415 | $- | $1415 | $- | $- | $- |
| Butter | $10884 | $5190 | $16074 | $- | $- | $- |
| Centennial | $6083 | $3918 | $10001 | $- | $- | $- |
| Chaparral | $2731 | $2700 | $5431 | $1132 | $1350 | $2481 |
| Chelsea | $3389 | $2117 | $5506 | $- | $- | $- |
| Clover | $1070 | $- | $1070 | $- | $- | $- |
| Coatbridge | $4361 | $3730 | $8091 | $- | $- | $- |
| Collier | $770 | $- | $770 | $- | $- | $- |
| Collinston | $11561 | $2906 | $14467 | $- | $- | $- |
| Cupcake | $3086 | $3275 | $6361 | $- | $- | $- |
| Davidson | $7354 | $2909 | $10263 | $- | $- | $- |
| Dawson | $3168 | $3114 | $6282 | $- | $- | $- |
| Delta | $16289 | $3099 | $19388 | $- | $- | $- |
| Dewberry | $5746 | $2613 | $8359 | $- | $- | $- |
| Diablo | $6959 | $3571 | $10530 | $- | $- | $- |
| Dogwood | $820 | $- | $820 | $- | $- | $- |
| Dolittle | $7789 | $4221 | $12010 | $- | $- | $- |
| Dorchester | $770 | $788 | $1558 | $- | $- | $- |
| Dunbar | $1470 | $- | $1470 | $- | $- | $- |
| Eastfair | $3264 | $2956 | $6220 | $- | $- | $- |
| Elevation | $5090 | $3657 | $8747 | $- | $- | $- |
| Elm | $2490 | $2300 | $4790 | $- | $- | $- |
| Emporia | $7734 | $3188 | $10922 | $- | $- | $- |
| Ensenada | $8609 | $6666 | $15275 | $- | $- | $- |
| Folly | $1550 | $713 | $2263 | $- | $- | $- |
| Forest | $4438 | $4823 | $9261 | $- | $- | $- |
| Gardens | $2937 | $1010 | $3947 | $- | $- | $- |
| Grant | $11521 | $4451 | $15972 | $- | $- | $- |
| Greenhill | $7813 | $3006 | $10819 | $- | $- | $- |
| Grove | $1840 | $1034 | $2874 | $- | $- | $- |
| Hadden | $6319 | $2036 | $8355 | $- | $- | $- |
| Heritage | $3561 | $667 | $4228 | $- | $- | $- |
| Heron | $1632 | $657 | $2289 | $- | $- | $- |
| Hines | $1724 | $- | $1724 | $- | $- | $- |
| Holcomb | $2171 | $- | $2171 | $- | $- | $- |
| Holland | $12004 | $2909 | $14913 | $- | $- | $- |
| Hollandaise | $4529 | $2514 | $7043 | $- | $- | $- |
| Holloway | $4657 | $4672 | $9329 | $- | $- | $- |
| Jack | $8651 | $1900 | $10551 | $- | $- | $- |
| Jake | $1899 | $- | $1899 | $- | $- | $- |
| Johnny | $1617 | $1341 | $2958 | $- | $- | $- |
| June | $1670 | $1341 | $3011 | $- | $- | $- |
| Jupiter | $11124 | $2906 | $14030 | $- | $- | $- |
| Kawana | $2857 | $1893 | $4750 | $- | $- | $- |
| Kennesaw | $1173 | $973 | $2146 | $- | $- | $- |
| KerriAnn | $7547 | $4686 | $12233 | $- | $- | $- |
| Kingsley | $4587 | $4290 | $8877 | $- | $- | $- |
| Kirkwood | $3423 | $599 | $4022 | $- | $- | $- |
| Lallie | $3724 | $5115 | $8839 | $- | $- | $- |
| Lanier | $6452 | $866 | $7318 | $- | $- | $- |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **OPERATING EXPENSES** | **OPERATING EXPENSES** | **OPERATING EXPENSES** | **OPERATING EXPENSES** | **OPERATING EXPENSES** | **OPERATING EXPENSES** | **OPERATING EXPENSES** |
| | **June 30, 2022** | **June 30, 2022** | **June 30, 2022** | **June 30, 2021** | **June 30, 2021** | **June 30, 2021** |
| <br> **Series Name** | **Operating Expenses** | **Depreciation Expense** | **Total Expenses** | **Operating Expenses** | **Depreciation Expense** | **Total Expenses** |
| Lannister | $7209 | $610 | $7819 | $- | $- | $- |
| Latte | $1534 | $- | $1534 | $- | $- | $- |
| Lennox | $2991 | $2978 | $5969 | $- | $- | $- |
| Lierly | $4121 | $2932 | $7053 | $1419 | $1466 | $2885 |
| Lily | $8107 | $6920 | $15027 | $- | $- | $- |
| Limestone | $8204 | $4023 | $12227 | $- | $- | $- |
| Lookout | $1193 | $- | $1193 | $- | $- | $- |
| Louise | $3597 | $1263 | $4860 | $- | $- | $- |
| Lovejoy | $5974 | $2005 | $7979 | $- | $- | $- |
| Luna | $3601 | $2956 | $6557 | $- | $- | $- |
| Madison | $1643 | $- | $1643 | $- | $- | $- |
| Magnolia | $2636 | $575 | $3211 | $- | $- | $- |
| Malbec | $4080 | $4388 | $8468 | $- | $- | $- |
| Mammoth | $4689 | $1562 | $6251 | $- | $- | $- |
| Matchingham | $4441 | $2913 | $7354 | $- | $- | $- |
| McGregor | $4071 | $689 | $4760 | $- | $- | $- |
| McLovin | $10828 | $6219 | $17047 | $- | $- | $- |
| Meadow | $6950 | $4410 | $11360 | $- | $- | $- |
| Mojave | $3151 | $3525 | $6676 | $- | $- | $- |
| Murphy | $7658 | $4085 | $11743 | $- | $- | $- |
| Nugget | $1484 | $- | $1484 | $- | $- | $- |
| Odessa | $8127 | $7332 | $15459 | $- | $- | $- |
| Olive | $3715 | $3184 | $6899 | $- | $- | $- |
| Oly | $7763 | $6267 | $14030 | $- | $- | $- |
| Osprey | $2242 | $- | $2242 | $- | $- | $- |
| Otoro | $11009 | $1953 | $12962 | $- | $- | $- |
| Patrick | $4836 | $2886 | $7722 | $1466 | $1443 | $2909 |
| Peanut | $2840 | $988 | $3828 | $- | $- | $- |
| Pearl | $1333 | $- | $1333 | $- | $- | $- |
| Pecan | $3870 | $2863 | $6733 | $1336 | $1431 | $2767 |
| Pinot | $4034 | $4429 | $8463 | $- | $- | $- |
| Pioneer | $1816 | $1307 | $3123 | $- | $- | $- |
| Plumtree | $3969 | $2768 | $6737 | $1188 | $1384 | $2571 |
| Point | $4242 | $875 | $5117 | $- | $- | $- |
| Reynolds | $1427 | $- | $1427 | $- | $- | $- |
| Ribbonwalk | $8704 | $4395 | $13099 | $- | $- | $- |
| Ridge | $3469 | $2992 | $6461 | $- | $- | $- |
| Ritter | $1608 | $- | $1608 | $- | $- | $- |
| River | $4063 | $3662 | $7725 | $- | $- | $- |
| Riverwalk | $1009 | $905 | $1914 | $- | $- | $- |
| Rooney | $8916 | $4422 | $13338 | $- | $- | $- |
| Roseberry | $4486 | $4513 | $8999 | $- | $- | $- |
| Rosewood | $6329 | $620 | $6949 | $- | $- | $- |
| Roxy | $2243 | $747 | $2990 | $- | $- | $- |
| Saddlebred | $29158 | $7642 | $36800 | $- | $- | $- |
| Saint | $5436 | $2536 | $7972 | $- | $- | $- |
| Salem | $4331 | $4387 | $8718 | $- | $- | $- |
| Saturn | $4763 | $3200 | $7963 | $- | $- | $- |
| Scepter | $6359 | $3238 | $9597 | $- | $- | $- |
| Shoreline | $4958 | $4260 | $9218 | $- | $- | $- |
| Sigma | $10220 | $5327 | $15547 | $- | $- | $- |
| Soapstone | $3831 | $3000 | $6831 | $1561 | $1500 | $3061 |
| Spencer | $4819 | $4157 | $8976 | $- | $- | $- |
| Splash | $2760 | $2978 | $5738 | $- | $- | $- |
| Stonebriar | $1455 | $465 | $1920 | $- | $- | $- |
| Sugar | $5163 | $4279 | $9442 | $- | $- | $- |
| Summerset | $3240 | $3505 | $6745 | $- | $- | $- |
| Swift | $3706 | $787 | $4493 | $- | $- | $- |
| Terracotta | $5342 | $1262 | $6604 | $- | $- | $- |
| Tulip | $2309 | $1454 | $3763 | $- | $- | $- |
| Tuscan | $5321 | $4439 | $9760 | $- | $- | $- |
| Tuxford | $11028 | $1801 | $12829 | $- | $- | $- |
| Vernon | $7413 | $3619 | $11032 | $- | $- | $- |
| Walton | $1117 | $- | $1117 | $- | $- | $- |
| Wave | $5070 | $2307 | $7377 | $- | $- | $- |
| Weldon | $8279 | $2906 | $11185 | $- | $- | $- |
| Wentworth | $3156 | $3417 | $6573 | $- | $- | $- |
| Wescott | $982 | $- | $982 | $- | $- | $- |
| Westchester | $5344 | $4687 | $10031 | $- | $- | $- |
| Wildwood | $1651 | $505 | $2156 | $- | $- | $- |
| Windsor | $4983 | $4809 | $9792 | $- | $- | $- |
| Wisteria | $3907 | $1359 | $5266 | $- | $- | $- |
| **Totals** | $**648247** | $**332889** | $**981136** | $**8102** | $**8574** | $**16676** |

---

 ***Other Income (Expenses)***

  ****

Other Income (Expense) for the six months ended June 30, 2022, consisted of interest expense of $377,303, an increase of $336,978 compared to interest expense of $7,325 for the six months ended June 30, 2021. The increase in interest expense is due to an increase in outstanding mortgage loans. During the six months ended June 30, 2022, there were 135 Series with mortgage loans compared to six Series with mortgage loans during the six months ended June 30, 2021.

**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 results from Cash received from net proceeds from operations, financing received from the issuance of membership units from each Series, and receipts and /or repayments of amounts due to related party. Net proceeds from operations as of June 30, 2022, was $411,630. Net proceeds from issuance of membership units of $22,032,198, with offsets from due to related party of $19,243,196, and dividend distributions of $355,319, resulted in net cash flow from financing of $2,433,683 for the six months ended June 30, 2022.

Prior to that, the net proceeds from operations as of June 30, 2021, was $2,751. There were only 6 Series during the period as of June 30, 2021. Additional cash proceeds were received from net proceed of loans and issuance of membership units totaling $1,309,556, with offsets of related party notes of $1,254,615, resulted to the net cash and cash equivalents total of $70,029.

The increase balances for the consolidated balances are the results of new property acquisitions. The following table summarizes the cash and cash equivalents by series as of June 30, 2022, and June 30, 2021:

---

| | | |
|:---|:---|:---|
| **Cash & Cash Equivalents** | **Cash & Cash Equivalents** | **Cash & Cash Equivalents** |
| **Series Name** | **6/30/2022** | **6/30/2021** |
| 100 | $32007 | $- |
| 101 | $22183 | $- |
| Abbington | $28877 | $- |
| Amber | $7902 | $- |
| Apollo | $2731 | $- |
| Avebury | $1914 | $- |
| Badminton | $5886 | $- |
| Bandelier | $11799 | $- |
| Baron | $31278 | $- |
| Basil | $4515 | $- |
| Bayside | $16770 | $- |
| Bazzel | $- | $- |
| Bedford | $14514 | $- |
| Burlington | $31211 | $- |
| Butter | $12151 | $- |
| Centennial | $2924 | $- |
| Chaparral | $4533 | $11887 |
| Chelsea | $661 | $- |
| Clover | $- | $- |
| Coatbridge | $16940 | $- |
| Collier | $- | $- |
| Collinston | $5907 | $- |
| Cupcake | $6312 | $- |
| Davidson | $6822 | $- |
| Dawson | $10768 | $- |
| Delta | $13176 | $- |
| Dewberry | $(409) | $- |
| Diablo | $- | $- |
| Dogwood | $- | $- |
| Dolittle | $15855 | $- |
| Dorchester | $- | $- |
| Dunbar | $38125 | $- |
| Eastfair | $4974 | $- |
| Elevation | $14508 | $- |
| Elm | $13300 | $- |
| Emporia | $6754 | $- |
| Ensenada | $24992 | $- |
| Folly | $- | $- |
| Forest | $18993 | $- |
| Gardens | $10139 | $- |
| Grant | $18692 | $- |
| Greenhill | $13872 | $- |
| Grove | $14836 | $- |
| Hadden | $11613 | $- |
| Heritage | $7183 | $- |
| Heron | $1362 | $- |
| Hines | $13276 | $- |
| Holcomb | $21655 | $- |
| Holland | $5752 | $- |
| Hollandaise | $11478 | $- |
| Holloway | $6765 | $- |
| Jack | $6635 | $- |
| Jake | $16866 | $- |
| Johnny | $601306 | $- |
| June | $659380 | $- |
| Jupiter | $5589 | $- |
| Kawana | $353 | $- |
| Kennesaw | $17925 | $- |
| KerriAnn | $14564 | $- |
| Kingsley | $4286 | $- |
| Kirkwood | $486 | $- |
| Lallie | $4473 | $- |

---

---

| | | |
|:---|:---|:---|
| **Cash & Cash Equivalents** | **Cash & Cash Equivalents** | **Cash & Cash Equivalents** |
| **Series Name** | **6/30/2022** | **6/30/2021** |
| Lanier | $23739 | $- |
| Lannister | $9300 | $- |
| Latte | $15944 | $- |
| Lennox | $16172 | $- |
| Lierly | $6665 | $6305 |
| Lily | $41973 | $- |
| Limestone | $13527 | $- |
| Lookout | $40026 | $- |
| Louise | $23928 | $- |
| Lovejoy | $7120 | $- |
| Luna | $4327 | $- |
| Madison | $17056 | $- |
| Magnolia | $3052 | $- |
| Malbec | $5903 | $- |
| Mammoth | $18462 | $- |
| Matchingham | $19123 | $- |
| McGregor | $20313 | $- |
| McLovin | $17446 | $- |
| Meadow | $8692 | $- |
| Mojave | $4996 | $- |
| Murphy | $17386 | $- |
| Nugget | $25483 | $- |
| Odessa | $15453 | $- |
| Olive | $16678 | $- |
| Oly | $25966 | $- |
| Osprey | $17340 | $- |
| Otoro | $8846 | $- |
| Patrick | $4108 | $14305 |
| Peanut | $3511 | $- |
| Pearl | $29135 | $- |
| Pecan | $5417 | $15834 |
| Pinot | $6076 | $- |
| Pioneer | $27814 | $- |
| Plumtree | $6145 | $17740 |
| Point | $19793 | $- |
| Reynolds | $19148 | $- |
| Ribbonwalk | $12892 | $- |
| Ridge | $16806 | $- |
| Ritter | $26056 | $- |
| River | $16994 | $- |
| Riverwalk | $- | $- |
| Rooney | $6569 | $- |
| Roseberry | $7108 | $- |
| Rosewood | $2925 | $- |
| Roxy | $14073 | $- |
| Saddlebred | $7908 | $- |
| Saint | $20414 | $- |
| Salem | $4889 | $- |
| Saturn | $5592 | $- |
| Scepter | $10559 | $- |
| Shoreline | $5519 | $- |
| Sigma | $40291 | $- |
| Soapstone | $6154 | $3958 |
| Spencer | $4810 | $- |
| Splash | $5507 | $- |
| Stonebriar | $1839 | $- |
| Sugar | $16390 | $- |
| Summerset | $3803 | $- |
| Swift | $17971 | $- |
| Terracotta | $13827 | $- |
| Tulip | $5102 | $- |
| Tuscan | $5632 | $- |
| Tuxford | $428 | $- |
| Vernon | $9490 | $- |
| Walton | $- | $- |
| Wave | $13383 | $- |
| Weldon | $7866 | $- |
| Wentworth | $5334 | $- |
| Wescott | $7505 | $- |
| Westchester | $19815 | $- |
| Wildwood | $15998 | $- |
| Windsor | $9446 | $- |
| Wisteria | $12996 | $- |
| **Total Cash & Cash Equivalents** | $**2845310** | $**70029** |

---

**Plan of Operations**

We intend to list our series properties for lease with a real estate broker, if not already rented upon acquisition. The asking rent for the series properties is expected to be in the range which is consistent with other single family homes in a given market area. We intend to hold the series properties for five to seven years during which time we will operate the series properties as 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, and how any existing leases on a property 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. Additionally, any sale of a property will be subject to lessee rights and we would attempt to time sales with lessee rights in mind, either by timing sales with anticipated lease terminations or by assigning the lease to a new buyer where allowed under applicable laws.

We plan to launch a number of additional series and related offerings in the next twelve months. 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 next twelve months will not exceed the maximum amount allowed under Regulation A. The proceeds from any offerings closed during the next twelve months will be used to acquire additional properties for the series conducting the offerings.

**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:

- Recent increases 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.

- Continued increases in remote work arrangements may lead to greater rental activity in our target markets.

**ITEM 2. OTHER INFORMATION**

We have no information to disclose that was required to be in a report on Form 1-U during the semiannual period ended June 30, 2022, but was not reported.

**ITEM 3. FINANCIAL STATEMENTS**

**ARRIVED HOMES, LLC AND ITS SERIES**

**UNAUDITED CONSOLIDATED AND CONSOLIDATING FINANCIAL STATEMENTS**

 **AS OF AND FOR THE SIX MONTH ENDED JUNE 30, 2022 AND 2021**

---

| | |
|:---|:---|
| [CONSOLIDATED AND CONSOLIDATING BALANCE SHEET AS OF JUNE 30, 2022 (UNAUDITED)](#fin_001) | F-2 |
| [CONSOLIDATED AND CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2021 (AUDITED)](#gg_001) | F-16 |
| [CONSOLIDATED AND CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)](#fin_002) | F-23 |
| [CONSOLIDATED AND CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2021 (UNAUDITED)](#fin_006) | F-37 |
| [CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS' EQUITY (DEFICIT) FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)](#fin_003) | F-38 |
| [CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS' EQUITY (DEFICIT) FOR THE SIX MONTHS ENDED JUNE 30, 2021 (UNAUDITED)](#fin_007) | F-52 |
| [CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)](#fin_004) | F-53 |
| [CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2021 (UNAUDITED)](#fin_008) | F-67 |
| [NOTES TO CONSOLIDATED AND CONSOLIDATING FINANCIAL STATEMENTS](#fin_005) | F-68 |

---

 **ARRIVED HOMES, LLC AND ITS SERIES**

 **CONSOLIDATED AND CONSOLIDATING BALANCE SHEET**

 **AS OF JUNE 30, 2022 (UNAUDITED)** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Apollo** | **Avebury** | **Chelsea** | **Clover** | **Dogwood** | **Gardens** | **Grove** | **Kawana** | **Lannister** | **Latte** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $2731 | $1914 | $661 | $- | $- | $10139 | $14836 | $353 | $9300 | $15944 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 1414 | 2140 | 4755 | 1283 | 1143 | 1379 | 1616 | 1518 | 1740 | 1453 |
| &nbsp;&nbsp;&nbsp;Due from related party | 8703 | 7936 | 11907 | - | - | - | 513 | 14363 | 7584 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 12848 | 11990 | 17323 | 1283 | 1143 | 11518 | 16965 | 16234 | 18624 | 17397 |
| Property and equipment, net | 197371 | 290980 | 308364 | 332453 | 242125 | 221272 | 226405 | 275728 | 176621 | 367463 |
| Deposits | - | - | 1915 | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $210219 | $302970 | $327602 | $333736 | $243268 | $232790 | $243370 | $291962 | $195245 | $384860 |
| **LIABILITIES AND MEMBERS' EQUITY** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1748 | $3251 | $4572 | $2013 | $1103 | $2219 | $2487 | $3772 | $8297 | $1341 |
| &nbsp;&nbsp;&nbsp;Due to related party | - | - | - | 332793 | 242985 | 256 | - | - | - | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 1748 | 3251 | 4572 | 334806 | 244088 | 2475 | 2487 | 3772 | 8297 | 1399 |
| Tenant deposits |  |  |  |  |  |  |  |  |  |  |
| Mortgage payable, net | 133030 | 200753 | 213152 | - | - | 134741 | 155585 | 190331 | 112449 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 134778 | 204004 | 217724 | 334806 | 244088 | 137216 | 158072 | 194103 | 120746 | 1399 |
| Members' equity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 77670 | 106311 | 116161 |  |  | 99843 | 90142 | 105494 | 83191 | 384994 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (2228) | (7344) | (6283) | (1070) | (820) | (4268) | (4844) | (7635) | (8692) | (1534) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity | 75442 | 98967 | 109878 | (1070) | (820) | 95575 | 85298 | 97859 | 74499 | 383460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity | $210219 | $302970 | $327602 | $333736 | $243268 | $232790 | $243370 | $291962 | $195245 | $384860 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Louise** | **Madison** | **Peanut** | **Rosewood** | **Stonebriar** | **Tulip** | **Wisteria** | **Chaparral** | **Cupcake** | **Lierly** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $23928 | $17056 | $3511 | $2925 | $1839 | $5102 | $12996 | $18287 | $12852 | $21719 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 1830 | 1454 | 1685 | 2012 | 1793 | 1945 | 2360 |  | 1389 |  |
| &nbsp;&nbsp;&nbsp;Due from related party | - | 4626 | 5908 | 11769 | 9448 | 7399 | 276 | - | 2223 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 25758 | 23136 | 11104 | 16706 | 13080 | 14446 | 15632 | 18287 | 16464 | 21719 |
| Property and equipment, net | 276593 | 207360 | 216396 | 272722 | 203920 | 318504 | 297559 | 189611 | 224298 | 206530 |
| Deposits | 2369 | - | 2503 | - | - | - | 3505 | 1524 | 1595 | 1750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $304720 | $230496 | $230003 | $289428 | $217000 | $332950 | $316696 | $209422 | $242357 | $229999 |
| **LIABILITIES AND MEMBERS' EQUITY** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2947 | $2655 | $886 | $6546 | $2293 | $3216 | $2738 | $4868 | $4676 | $7264 |
| &nbsp;&nbsp;&nbsp;Due to related party | 10363 | - | - | - | - | - | - | 6034 | - | 6650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 13310 | 2655 | 886 | 6546 | 2293 | 3216 | 2738 | 10902 | 4676 | 13914 |
| Tenant deposits | 2369 |  | 2093 |  |  |  | 3293 | 2484 | 1595 | 1750 |
| Mortgage payable, net | 179903 | 99708 | 145163 | 187464 | 132652 | 219506 | 205190 | 102955 | 149406 | 129455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 195582 | 102363 | 148142 | 194010 | 134945 | 222722 | 211221 | 116341 | 155677 | 145119 |
| Members' equity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 111950 | 130588 | 83734 | 104273 | 85333 | 116941 | 111138 | 92844 | 86672 | 83969 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (2811) | (2455) | (1873) | (8856) | (3276) | (6712) | (5663) | 238 | 7 | 912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity | 109139 | 128133 | 81861 | 95417 | 82057 | 110229 | 105475 | 93082 | 86679 | 84881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity | $304720 | $230496 | $230003 | $289428 | $217000 | $332950 | $316696 | $209422 | $242357 | $229999 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Malbec** | **Mojave** | **Patrick** | **Pecan** | **Pinot** | **Plumtree** | **Salem** | **Soapstone** | **Splash** | **Tuscan** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $19612 | $11492 | $15021 | $21620 | $20207 | $24714 | $18815 | $19067 | $18044 | $21321 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 2503 | 2409 |  |  | 1953 |  | 2086 |  |  |  |
| &nbsp;&nbsp;&nbsp;Due from related party | - | 2334 | - | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 22115 | 16235 | 15021 | 21620 | 22160 | 24714 | 20901 | 19067 | 18044 | 21321 |
| Property and equipment, net | 311598 | 239532 | 202775 | 201097 | 314600 | 194242 | 311562 | 211333 | 210572 | 314326 |
| Deposits | 2220 | 1896 | 2882 | 1712 | 2235 | 4672 | 4421 | 1600 | 1671 | 6985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $335933 | $257663 | $220678 | $224429 | $338995 | $223628 | $336884 | $232000 | $230287 | $342632 |
| **LIABILITIES AND MEMBERS' EQUITY** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $4357 | $5021 | $6282 | $6669 | $4425 | $8612 | $4332 | $7248 | $5451 | $7787 |
| &nbsp;&nbsp;&nbsp;Due to related party | 8222 | - | 7465 | 8214 | 8301 | 6278 | 7999 | 6664 | 6721 | 8323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 12579 | 5021 | 13747 | 14883 | 12726 | 14890 | 12331 | 13912 | 12172 | 16110 |
| Tenant deposits | 2195 | 1596 | 3075 | 1600 | 2195 | 3000 | 3930 | 1600 | 1450 | 4490 |
| Mortgage payable, net | 204699 | 159911 | 107729 | 112279 | 206812 | 109725 | 208589 | 126611 | 121834 | 180672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 219473 | 166528 | 124551 | 128762 | 221733 | 127615 | 224850 | 142123 | 135456 | 201272 |
| Members' equity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 117106 | 92601 | 101182 | 95578 | 118104 | 95529 | 112936 | 89618 | 95299 | 141729 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (646) | (1466) | (5056) | 90 | (841) | 484 | (904) | 261 | (468) | (369) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity | 116460 | 91135 | 96126 | 95668 | 117263 | 96013 | 112032 | 89879 | 94831 | 141360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity | $335933 | $257663 | $220678 | $224429 | $338995 | $223628 | $336884 | $232000 | $230287 | $342632 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Walton** | **Wentworth** | **Bandelier** | **Diablo** | **Rooney** | **Saint** | **Scepter** | **Terracotta** | **Baron** | **Burlington** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $- | $11941 | $11799 | $- | $6670 | $20414 | $10559 | $13827 | $31278 | $31211 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  | 1995 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 1250 | 1946 | 4160 | 2784 | 2862 | 3252 | 3399 | 3388 | 13 | 2709 |
| &nbsp;&nbsp;&nbsp;Due from related party | - | 949 | - | 10874 | - | - | - | 4308 | - | 4655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 1250 | 14836 | 15959 | 13658 | 9532 | 25661 | 13958 | 21523 | 31291 | 38575 |
| Property and equipment, net | 302367 | 231822 | 346263 | 295622 | 366821 | 318248 | 268252 | 319136 | 582719 | 653831 |
| Deposits | - | 3215 | 2194 | 169 | - | 608 | 1125 | 1649 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $303617 | $249873 | $364416 | $309449 | $376353 | $344517 | $283335 | $342308 | $614010 | $692406 |
| **LIABILITIES AND MEMBERS' EQUITY** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2413 | $4849 | $7416 | $11821 | $4153 | $3452 | $3265 | $3433 | $6024 | $6419 |
| &nbsp;&nbsp;&nbsp;Due to related party | 76128 | - | 1184 | - | 4158 | 5739 | 3568 | - | 7017 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 78541 | 4849 | 8600 | 11821 | 8311 | 9191 | 6833 | 3433 | 13041 | 6419 |
| Tenant deposits |  | 1595 | 2195 |  |  | 2495 | 1795 | 2095 | 1500 | 3500 |
| Mortgage payable, net | 226700 | 154950 | 242401 | 205629 | 256367 | 209684 | 186881 | 220207 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 305241 | 161394 | 253196 | 217450 | 264678 | 221370 | 195509 | 225735 | 14541 | 9919 |
| Members' equity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital |  | 88817 | 127525 | 105630 | 135080 | 123979 | 100336 | 123501 | 598333 | 680402 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (1625) | (340) | (16303) | (13631) | (23405) | (832) | (12510) | (6928) | 1136 | 2085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity | (1625) | 88477 | 111222 | 91999 | 111675 | 123147 | 87826 | 116573 | 599469 | 682487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity | $303617 | $249873 | $364416 | $309449 | $376353 | $344517 | $283335 | $342308 | $614010 | $692406 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Ensenada** | **Jake** | **Lily** | **McLovin** | **Nugget** | **Odessa** | **Oly** | **Pioneer** | **Ritter** | **Saddlebred** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $24992 | $16866 | $41973 | $17446 | $25483 | $15453 | $25966 | $27814 | $26056 | $7908 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  | 2895 |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 8086 | 2334 | 7826 | 13390 | 141 | 7439 | 7996 | 227 | 2051 | 6209 |
| &nbsp;&nbsp;&nbsp;Due from related party | - | 2139 | - | - | 2233 | - | - | - | 876 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 33078 | 21339 | 49799 | 30836 | 27857 | 22892 | 36857 | 28041 | 28983 | 14117 |
| Property and equipment, net | 553326 | 593485 | 527977 | 520575 | 564188 | 526013 | 521337 | 588956 | 508362 | 465305 |
| Deposits | 3172 | - | - | 7198 | - | - | 374 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $589576 | $614824 | $577776 | $558609 | $592045 | $548905 | $558568 | $616997 | $537345 | $479422 |
| **LIABILITIES AND MEMBERS' EQUITY** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $8300 | $3817 | $10221 | $10797 | $6428 | $10687 | $10271 | $2693 | $2147 | $8214 |
| &nbsp;&nbsp;&nbsp;Due to related party | 6498 | - | 78165 | 9872 | - | 4994 | 5151 | 11993 | - | 23382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 14798 | 3817 | 88386 | 20669 | 6428 | 15681 | 15422 | 14686 | 2147 | 31596 |
| Tenant deposits | 3295 |  |  | 3495 |  |  | 3045 |  |  |  |
| Mortgage payable, net | 388392 | - | 308491 | 364052 | - | 371030 | 364757 | - | - | 329337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 406485 | 3817 | 396877 | 388216 | 6428 | 386711 | 383224 | 14686 | 2147 | 360933 |
| Members' equity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 200649 | 612906 | 210868 | 183814 | 587100 | 188968 | 182391 | 605434 | 535806 | 170455 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (17558) | (1899) | (29968) | (13421) | (1484) | (26774) | (7047) | (3123) | (608) | (51967) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity | 183091 | 611007 | 180900 | 170393 | 585616 | 162194 | 175344 | 602311 | 535198 | 118488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity | $589576 | $614824 | $577776 | $558609 | $592045 | $548905 | $558568 | $616997 | $537345 | $479422 |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Delta** | **Emporia** | **Grant** | **Heritage** | **Holcomb** | **Kennesaw** | **Lanier** | **Lovejoy** | **Magnolia** |
| **ASSETS** | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $13176 | $6754 | $18692 | $7183 | $21655 | $17925 | $23739 | $7120 | $3052 |
| &nbsp;&nbsp;&nbsp;Accounts receivable | 3535 | 4590 |  | 534 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 2861 | 4043 | 3639 | 3134 | 2200 | 1885 | 3444 | 2968 | 2201 |
| &nbsp;&nbsp;&nbsp;Due from related party | - | 5664 | - | 5476 | - | 240 | - | 3929 | 10319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 19572 | 21051 | 22331 | 16327 | 23855 | 20050 | 27183 | 14017 | 15572 |
| Property and equipment, net | 340555 | 351227 | 368383 | 292689 | 357651 | 427035 | 380009 | 294579 | 252345 |
| Deposits | - | 3365 | - | - | - | - | 2295 | 1933 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $360127 | $375643 | $390714 | $309016 | $381506 | $447085 | $409487 | $310529 | $267917 |
| **LIABILITIES AND MEMBERS' EQUITY** |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $5697 | $4454 | $4927 | $3721 | $3104 | $1976 | $2642 | $5531 | $2565 |
| &nbsp;&nbsp;&nbsp;Due to related party | 14317 | - | 4346 | - | 1987 | - | 5149 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 20014 | 4454 | 9273 | 3721 | 5091 | 1976 | 7791 | 5531 | 2565 |
| Tenant deposits | 2295 | 4590 |  |  |  |  | 2295 | 1995 |  |
| Mortgage payable, net | 224383 | 242448 | 256367 | 200740 | - | - | 261186 | 202837 | 170774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 246692 | 251492 | 265640 | 204461 | 5091 | 1976 | 271272 | 210363 | 173339 |
| Members' equity: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 124081 | 131720 | 141106 | 110174 | 378585 | 447255 | 143284 | 109404 | 98687 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (10645) | (7569) | (16033) | (5618) | (2171) | (2146) | (5068) | (9238) | (4109) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity | 113436 | 124151 | 125073 | 104556 | 376414 | 445109 | 138216 | 100166 | 94578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity | $360127 | $375643 | $390714 | $309016 | $381506 | $447085 | $409487 | $310529 | $267917 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Mammoth** | **Otoro** | **Reynolds** | **Swift** | **Wave** | **Amber** | **Centennial** | **Collinston** | **Davidson** | **Holland** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $18462 | $8846 | $19148 | $17971 | $13383 | $8024 | $12780 | $5907 | $6822 | $6862 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  | 779 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 1866 | 3906 | 1848 |  | 3011 | 4183 | 4419 | 1104 | 1961 | 2114 |
| &nbsp;&nbsp;&nbsp;Due from related party | - | 4518 | 579 | 925 | - | - | - | - | - | 3556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 20328 | 17270 | 21575 | 18896 | 17173 | 12207 | 17199 | 7011 | 8783 | 12532 |
| Property and equipment, net | 342046 | 393818 | 433033 | 345587 | 335055 | 301372 | 278840 | 207948 | 208629 | 208144 |
| Deposits | - | 530 | - | - | 4606 | 2843 | - | - | 1806 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $362374 | $411618 | $454608 | $364483 | $356834 | $316422 | $296039 | $214959 | $219218 | $220676 |
| **LIABILITIES AND MEMBERS' EQUITY** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2078 | $4142 | $2547 | $4795 | $3372 | $3432 | $6974 | $4227 | $3289 | $8110 |
| &nbsp;&nbsp;&nbsp;Due to related party | 3587 | - | - | - | 13829 | 3134 | 1835 | 5787 | 4943 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 5665 | 4142 | 2547 | 4795 | 17201 | 6566 | 8809 | 10014 | 8232 | 8110 |
| Tenant deposits |  | 2795 |  |  | 2744 | 2843 | 1895 | 2168 | 1806 |  |
| Mortgage payable, net | 235486 | 271615 | - | - | 221597 | 198630 | 187446 | 134771 | 145189 | 145194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 241151 | 278552 | 2547 | 4795 | 241542 | 208039 | 198150 | 146953 | 155227 | 153304 |
| Members' equity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 127388 | 143444 | 453488 | 363341 | 120853 | 121070 | 106342 | 85089 | 75462 | 85662 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (6166) | (10379) | (1427) | (3653) | (5562) | (12687) | (8452) | (17082) | (11471) | (18290) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity | 121222 | 133065 | 452061 | 359688 | 115291 | 108383 | 97890 | 68007 | 63991 | 67372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity | $362374 | $411618 | $454608 | $364483 | $356834 | $316422 | $296039 | $214959 | $219218 | $220676 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Jupiter** | **KerriAnn** | **Meadow** | **Ribbonwalk** | **Saturn** | **Sigma** | **Weldon** | **Badminton** | **Basil** | **Bayside** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $5589 | $14773 | $8692 | $12892 | $5669 | $40291 | $7866 | $16256 | $12453 | $20107 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 4272 | 3687 | 3767 | 3271 | 2632 | 3568 | 1691 | 2683 | 1672 | 4440 |
| &nbsp;&nbsp;&nbsp;Due from related party | - | - | 5990 | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 9861 | 18460 | 18449 | 16163 | 8301 | 43859 | 9557 | 18939 | 14125 | 24547 |
| Property and equipment, net | 207944 | 336465 | 315933 | 315880 | 218604 | 383912 | 207948 | 249515 | 198194 | 251150 |
| Deposits | 1073 | 1992 | - | - | 1385 | 13066 | 1642 | 1224 | - | 2619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $218878 | $356917 | $334382 | $332043 | $228290 | $440837 | $219147 | $269678 | $212319 | $278316 |
| **LIABILITIES AND MEMBERS' EQUITY** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $3522 | $5669 | $3795 | $6850 | $2889 | $33728 | $3245 | $4694 | $3682 | $5630 |
| &nbsp;&nbsp;&nbsp;Due to related party | 2347 | 13429 | - | 7701 | 8727 | 22329 | 6793 | 3693 | 3227 | 4420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 5869 | 19098 | 3795 | 14551 | 11616 | 56057 | 10038 | 8387 | 6909 | 10050 |
| Tenant deposits | 1869 | 2369 |  |  | 1806 | 2000 | 2168 | 2993 | 1495 | 2619 |
| Mortgage payable, net | 137997 | 235421 | 212597 | 221624 | 138002 | 266775 | 134771 | 171798 | 129633 | 163423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 145735 | 256888 | 216392 | 236175 | 151424 | 324832 | 146977 | 183178 | 138037 | 176092 |
| Members' equity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 87394 | 126718 | 139510 | 118875 | 91280 | 135991 | 85584 | 91002 | 76350 | 101540 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (14251) | (26688) | (21520) | (23007) | (14413) | (19987) | (13413) | (4502) | (2067) | 685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity | 73143 | 100030 | 117990 | 95868 | 76867 | 116004 | 72171 | 86500 | 74283 | 102225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity | $218878 | $356917 | $334382 | $332043 | $228290 | $440837 | $219147 | $269678 | $212319 | $278316 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Bazzel** | **Bedford** | **Butter** | **Coatbridge** | **Dawson** | **Dewberry** | **Dolittle** | **Dorchester** | **Eastfair** | **Elevation** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $- | $14514 | $12151 | $18400 | $15620 | $5208 | $15855 | $- | $15809 | $15284 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  | 3950 | 339 | 2960 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 1261 | 2028 | 5436 | 4514 | 3068 | 1714 | 3347 | 1573 | 3328 | 7963 |
| &nbsp;&nbsp;&nbsp;Due from related party | - | - | - | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 1261 | 16542 | 17587 | 26864 | 19027 | 9882 | 19202 | 1573 | 19137 | 23247 |
| Property and equipment, net | 268900 | 280214 | 374504 | 265807 | 221838 | 185974 | 303351 | 345852 | 210413 | 260251 |
| Deposits | - | 4205 | 3140 | 2750 | 1811 | 3107 | 3468 | - | 2105 | 5159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $270161 | $300961 | $395231 | $295421 | $242676 | $198963 | $326021 | $347425 | $231655 | $288657 |
| **LIABILITIES AND MEMBERS' EQUITY** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1357 | $2209 | $6302 | $5866 | $4174 | $4806 | $3709 | $1829 | $4569 | $8912 |
| &nbsp;&nbsp;&nbsp;Due to related party | 270142 | 1402 | 8131 | 6312 | 6786 | 1745 | 10230 | 347153 | 4041 | 4068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 271499 | 3611 | 14433 | 12178 | 10960 | 6551 | 13939 | 348982 | 8610 | 12980 |
| Tenant deposits |  | 4590 | 2795 | 2993 | 1695 | 2393 | 3443 |  | 3590 | 3990 |
| Mortgage payable, net | - | 193805 | 259760 | 173079 | 144111 | 119334 | 205315 | - | 147831 | 170276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 271499 | 202006 | 276988 | 188250 | 156766 | 128278 | 222697 | 348982 | 160031 | 187246 |
| Members' equity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital |  | 103523 | 133671 | 108324 | 90349 | 77868 | 109505 |  | 70653 | 108161 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (1338) | (4568) | (15428) | (1152) | (4440) | (7183) | (6180) | (1558) | 971 | (6749) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity | (1338) | 98955 | 118243 | 107172 | 85909 | 70685 | 103325 | (1558) | 71624 | 101412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity | $270161 | $300961 | $395231 | $295421 | $242676 | $198963 | $326021 | $347425 | $231655 | $288657 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Elm** | **Folly** | **Forest** | **Greenhill** | **Hadden** | **Heron** | **Holloway** | **Kingsley** | **Lallie** | **Lennox** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $13777 | $- | $18993 | $13872 | $11613 | $1362 | $17797 | $17099 | $18893 | $20603 |
| &nbsp;&nbsp;&nbsp;Accounts receivable | 595 |  |  |  |  |  | 405 | 440 |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 2166 | 1701 | 4178 | 3493 | 1322 | 1774 | 4600 | 4707 | 4968 | 1539 |
| &nbsp;&nbsp;&nbsp;Due from related party | - | - | - | - | 917 | 16985 | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 16538 | 1701 | 23171 | 17365 | 13852 | 20121 | 22802 | 22246 | 23861 | 22142 |
| Property and equipment, net | 162592 | 312858 | 343118 | 325852 | 219911 | 288530 | 332606 | 308245 | 362994 | 212074 |
| Deposits | 3190 | - | 3119 | 5611 | - | - | 3752 | 949 | 1933 | 1695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $182320 | $314559 | $369408 | $348828 | $233763 | $308651 | $359160 | $331440 | $388788 | $235911 |
| **LIABILITIES AND MEMBERS' EQUITY** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $2620 | $1430 | $5266 | $3384 | $5601 | $1894 | $6527 | $6690 | $3877 | $4108 |
| &nbsp;&nbsp;&nbsp;Due to related party | 2294 | 315391 | 7764 | 2414 | - | - | 6480 | 4145 | 8291 | 6162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 4914 | 316821 | 13030 | 5798 | 5601 | 1894 | 13007 | 10835 | 12168 | 10270 |
| Tenant deposits | 3190 |  | 3119 | 3119 |  |  | 3119 | 2869 | 2495 | 1695 |
| Mortgage payable, net | 105739 | - | 225126 | 225360 | 141699 | 198656 | 218147 | 212205 | 237459 | 137675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 113843 | 316821 | 241275 | 234277 | 147300 | 200550 | 234273 | 225909 | 252122 | 149640 |
| Members' equity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 67064 |  | 144592 | 118637 | 95531 | 112258 | 136086 | 110611 | 140894 | 87217 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | 1413 | (2263) | (16460) | (4085) | (9069) | (4157) | (11198) | (5080) | (4228) | (945) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity | 68477 | (2263) | 128132 | 114552 | 86462 | 108101 | 124888 | 105531 | 136666 | 86272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity | $182320 | $314559 | $369408 | $348828 | $233763 | $308651 | $359160 | $331440 | $388788 | $235911 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Limestone** | **Luna** | **Matchingham** | **Murphy** | **Olive** | **Osprey** | **Ridge** | **River** | **Roseberry** | **Shoreline** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $13527 | $13626 | $19209 | $17386 | $16678 | $17340 | $17483 | $19384 | $9857 | $14401 |
| &nbsp;&nbsp;&nbsp;Accounts receivable | 1881 |  |  |  | 179 |  |  |  | 1645 |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 2336 | 1314 | 2593 | 3693 | 3006 | 1493 | 3054 | 2933 | 2159 | 3065 |
| &nbsp;&nbsp;&nbsp;Due from related party | 8923 | - | - | - | - | 1767 | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 26667 | 14940 | 21802 | 21079 | 19863 | 20600 | 20537 | 22317 | 13661 | 17466 |
| Property and equipment, net | 287723 | 210413 | 208580 | 293546 | 226801 | 352002 | 213052 | 260925 | 321932 | 303280 |
| Deposits | 3293 | 155 | 2045 | 2320 | 1563 | - | 2543 | 2993 | 4148 | 645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $317683 | $225508 | $232427 | $316945 | $248227 | $372602 | $236132 | $286235 | $339741 | $321391 |
| **LIABILITIES AND MEMBERS' EQUITY** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $4311 | $4472 | $3631 | $3671 | $4293 | $2873 | $4009 | $4975 | $7049 | $4822 |
| &nbsp;&nbsp;&nbsp;Due to related party | - | 2003 | 4523 | 3014 | 3382 | - | 5058 | 4624 | 9672 | 2429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 4311 | 6475 | 8154 | 6685 | 7675 | 2873 | 9067 | 9599 | 16721 | 7251 |
| Tenant deposits | 3293 | 1750 | 1795 | 2295 | 1895 |  | 2543 | 2993 | 3443 | 2295 |
| Mortgage payable, net | 200784 | 147831 | 144557 | 205010 | 124156 | - | 138318 | 170276 | 208987 | 209135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 208388 | 156056 | 154506 | 213990 | 133726 | 2873 | 149928 | 182868 | 229151 | 218681 |
| Members' equity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 116442 | 73505 | 77372 | 106950 | 122057 | 371970 | 86300 | 105316 | 120088 | 112443 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (7146) | (4053) | 550 | (3997) | (7557) | (2241) | (96) | (1948) | (9498) | (9733) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity | 109296 | 69452 | 77922 | 102953 | 114500 | 369729 | 86204 | 103368 | 110590 | 102710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity | $317683 | $225508 | $232427 | $316945 | $248227 | $372602 | $236132 | $286235 | $339741 | $321391 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Spencer** | **Sugar** | **Summerset** | **Tuxford** | **Vernon** | **Westchester** | **Windsor** | **100** | **101** | **Abbington** |
| **ASSETS** |  |  |  |  |  |  |  |  |  |  |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $15535 | $19495 | $12019 | $428 | $9490 | $21298 | $21850 | $32007 | $22183 | $28877 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  | 390 |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3384 | 3422 | 2898 | 8492 | 2427 | 5889 | 1737 |  | 2342 |  |
| &nbsp;&nbsp;&nbsp;Due from related party | - | - | - | 1875 | - | - | - | 3752 | 1814 | 4695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 18919 | 22917 | 15307 | 10795 | 11917 | 27187 | 23587 | 35759 | 26339 | 33572 |
| Property and equipment, net | 294372 | 304889 | 249515 | 262305 | 259751 | 334198 | 343183 | 617888 | 639380 | 482364 |
| Deposits | 1189 | 3590 | 2306 | - | 1640 | 3300 | 3321 | - | - | 264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $314480 | $331396 | $267128 | $273100 | $273308 | $364685 | $370091 | $653647 | $665719 | $516200 |
| **LIABILITIES AND MEMBERS' EQUITY** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $5746 | $4660 | $4822 | $5611 | $3662 | $7554 | $7662 | $12424 | $2491 | $5709 |
| &nbsp;&nbsp;&nbsp;Due to related party | 3500 | 5762 | 4216 | - | 3211 | 2841 | 5336 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 9246 | 10422 | 9038 | 5611 | 6873 | 10395 | 12998 | 12424 | 2491 | 5709 |
| Tenant deposits | 2744 | 3590 | 2119 | 1895 | 2843 | 3119 | 3893 |  |  |  |
| Mortgage payable, net | 192398 | 198827 | 163429 | 176434 | 179764 | 196252 | 224576 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 204388 | 212839 | 174586 | 183940 | 189480 | 209766 | 241467 | 12424 | 2491 | 5709 |
| Members' equity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 115060 | 130329 | 100051 | 100359 | 94691 | 160556 | 133626 | 648566 | 665033 | 512136 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (4969) | (11772) | (7509) | (11199) | (10862) | (5638) | (5001) | (7344) | (1805) | (1644) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity | 110091 | 118557 | 92542 | 89160 | 83829 | 154918 | 128625 | 641222 | 663228 | 510492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity | $314480 | $331396 | $267128 | $273100 | $273308 | $364685 | $370091 | $653647 | $665719 | $516200 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Collier** | **Dunbar** | **Hines** | **Hollandaise** | **Jack** | **Johnny** | **June** | **Kirkwood** | **Lookout** | **McGregor** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $- | $38125 | $13276 | $11478 | $6635 | $601306 | $659380 | $486 | $40026 | $20313 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 1388 | 1366 | 1019 | 2462 | 4083 | 2131 | 2131 | 2332 | 1254 |  |
| &nbsp;&nbsp;&nbsp;Due from related party | - | - | 1596 | 7122 | 9450 | - | - | 11213 | - | 3454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 1388 | 39491 | 15891 | 21062 | 20168 | 603437 | 661511 | 14031 | 41280 | 23767 |
| Property and equipment, net | 357769 | 324859 | 257400 | 366222 | 416019 | 588748 | 588748 | 262820 | 347707 | 302316 |
| Deposits | - | - | - | 6602 | 2586 | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $359157 | $364350 | $273291 | $393886 | $438773 | $1192185 | $1250259 | $276851 | $388987 | $326083 |
| **LIABILITIES AND MEMBERS' EQUITY** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1263 | $1606 | $2099 | $2971 | $3162 | $1246 | $1415 | $2538 | $1529 | $4919 |
| &nbsp;&nbsp;&nbsp;Due to related party | 358664 | 150126 | - | - | - | 176106 | 175990 | - | 174488 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 359927 | 151732 | 2099 | 2971 | 3162 | 177352 | 177405 | 2538 | 176017 | 4919 |
| Tenant deposits |  |  |  |  | 2995 |  |  |  |  |  |
| Mortgage payable, net | - | - | - | 252863 | 286731 | 462700 | 462700 | 179897 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 359927 | 151732 | 2099 | 255834 | 292888 | 640052 | 640105 | 182435 | 176017 | 4919 |
| Members' equity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital |  | 214088 | 272916 | 147576 | 155336 | 557458 | 615532 | 98962 | 214162 | 325482 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (770) | (1471) | (1724) | (9523) | (9451) | (5326) | (5379) | (4545) | (1193) | (4317) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity | (770) | 212617 | 271192 | 138053 | 145885 | 552132 | 610153 | 94417 | 212969 | 321165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity | $359157 | $364350 | $273291 | $393886 | $438773 | $1192185 | $1250259 | $276851 | $388987 | $326083 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Pearl** | **Point** | **Riverwalk** | **Roxy** | **Wescott** | **Wildwood** | **Consolidated** |
| **ASSETS** | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $29135 | $19793 | $- | $14073 | $7505 | $15998 | $3182203 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  | 27112 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 2263 | 4003 | 1517 | 2546 | 2893 | 2328 | 360425 |
| &nbsp;&nbsp;&nbsp;Due from related party | 1510 | 296 | - | - | 5831 | - | 243419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 32908 | 24092 | 1517 | 16619 | 16229 | 18326 | 3813159 |
| Property and equipment, net | 549882 | 384122 | 397101 | 327722 | 276118 | 221797 | 43444340 |
| Deposits | - | - | - | 128 | - | 349 | 196512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $582790 | $408214 | $398618 | $344469 | $292347 | $240472 | $47454014 |
| **LIABILITIES AND MEMBERS' EQUITY** |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $6589 | $3446 | $1720 | $2067 | $2635 | $2050 | $638015 |
| &nbsp;&nbsp;&nbsp;Due to related party | - | - | 398811 | 7140 | - | 600 | 3551202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 6589 | 3446 | 400531 | 9207 | 2635 | 2650 | 4189217 |
| Tenant deposits |  |  |  |  |  |  | 197065 |
| Mortgage payable, net | - | 265007 | - | 218110 | 132785 | 107066 | 21334056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 6589 | 268453 | 400531 | 227317 | 135420 | 109716 | 25720338 |
| Members' equity: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 574534 | 145636 |  | 122601 | 158373 | 134038 | 22618091 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | 1667 | (5876) | (1914) | (5448) | (1446) | (3283) | (884411) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity | 576201 | 139760 | (1914) | 117153 | 156927 | 130755 | 21733680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity | $582790 | $408214 | $398618 | $344469 | $292347 | $240472 | $47454019 |

---

See the accompanying to these consolidated and consolidating financial statements.

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING BALANCE SHEET**

**AS OF DECEMBER 31, 2021 (AUDITED)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Series**<br>**Chaparral** | **Series**<br>**Cupcake** | **Series**<br>**Lierly** | **Series**<br>**Malbec** | **Series**<br>**Mojave** | **Series**<br>**Patrick** | **Series**<br>**Pecan** | **Series**<br>**Pinot** | **Series**<br>**Plumtree** | **Series**<br>**Salem** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $13754 | $6540 | $15054 | $13709 | $6496 | $10913 | $16203 | $14131 | $18569 | $13926 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 331 | 1834 | 396 | 2090 | 2109 | 369 | 353 | 1663 | 358 | 1796 |
| &nbsp;&nbsp;&nbsp;Due from related party | - | 6230 | - | - | 6605 | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 14085 | 14604 | 15450 | 15799 | 15210 | 11282 | 16556 | 15794 | 18927 | 15722 |
| Property and equipment, net | 192311 | 227192 | 209462 | 315986 | 242676 | 205661 | 203960 | 319030 | 197009 | 315949 |
| Deposits held by property management companies | 1450 | 1595 | 1750 | 2195 | 1596 | 1500 | 873 | 2195 | 1450 | 4421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $207846 | $243391 | $226662 | $333980 | $259482 | $218443 | $221389 | $337019 | $217386 | $336092 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1883 | $1360 | $3541 | $1199 | $1537 | $2973 | $3134 | $1248 | $3054 | $1246 |
| &nbsp;&nbsp;&nbsp;Due to related party | 1886 | - | 2857 | 3127 | - | 3428 | 4270 | 3160 | 1508 | 3050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 3769 | 1360 | 6398 | 4326 | 1537 | 6401 | 7404 | 4408 | 4562 | 4296 |
| Tenant deposits | 1450 | 1595 | 1750 | 2195 | 1596 | 1500 | 1600 | 2195 | 1450 | 3930 |
| Mortgage payable, net | 102876 | 149345 | 129359 | 204632 | 159845 | 107696 | 112245 | 206741 | 109643 | 208521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 108095 | 152300 | 137507 | 211153 | 162978 | 115597 | 121249 | 213344 | 115655 | 216747 |
| Members' equity (deficit): |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 98188 | 91779 | 88886 | 123585 | 98151 | 106158 | 100602 | 124639 | 101731 | 119718 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | 1563 | (688) | 269 | (758) | (1647) | (3312) | (462) | (964) | - | (373) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity (deficit) | 99751 | 91091 | 89155 | 122827 | 96504 | 102846 | 100140 | 123675 | 101731 | 119345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity (deficit) | $207846 | $243391 | $226662 | $333980 | $259482 | $218443 | $221389 | $337019 | $217386 | $336092 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Series**<br>**Soapstone** | **Series**<br>**Splash** | **Series**<br>**Tuscan** | **Series**<br>**Wentworth** | **Series**<br>**Bandelier** | **Series**<br>**Diablo** | **Series**<br>**Rooney** | **Series**<br>**Scepter** | **Series**<br>**Ensenada** | **Series**<br>**Lily** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $12913 | $12537 | $15689 | $6607 | $- | $- | $101 | $- | $- | $- |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 415 | 439 | 613 | 2843 | 2702 | 1926 | 2134 | 2329 | 6722 | 5063 |
| &nbsp;&nbsp;&nbsp;Due from related party | - | - | - | 5092 | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 13328 | 12976 | 16302 | 14542 | 2702 | 1926 | 2235 | 2329 | 6722 | 5063 |
| Property and equipment, net | 214333 | 213550 | 318765 | 234858 | 350433 | 299193 | 371243 | 271490 | 559992 | 534897 |
| Deposits held by property management companies | 1600 | 1450 | 2195 | 3215 | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $229261 | $227976 | $337262 | $252615 | $353135 | $301119 | $373478 | $273819 | $566714 | $539960 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $3623 | $2426 | $2818 | $1403 | $3639 | $436 | $359 | $357 | $3500 | $4186 |
| &nbsp;&nbsp;&nbsp;Due to related party | 2967 | 2605 | 2231 | - | 107139 | 95092 | 116797 | 86617 | 174883 | 230475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 6590 | 5031 | 5049 | 1403 | 110778 | 95528 | 117156 | 86974 | 178383 | 234661 |
| Tenant deposits | 1600 | 1450 | 2195 | 1595 |  |  |  |  |  |  |
| Mortgage payable, net | 126515 | 121823 | 180658 | 154889 | 242357 | 205591 | 256322 | 186845 | 388331 | 308439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 134705 | 128304 | 187902 | 157887 | 353135 | 301119 | 373478 | 273819 | 566714 | 543100 |
| Members' equity (deficit): |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 94319 | 100559 | 150001 | 95085 | 4516 |  | 5004 | 4003 | 7063 | 5715 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | 237 | (887) | (641) | (357) | (4516) | - | (5004) | (4003) | (7063) | (8855) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity (deficit) | 94556 | 99672 | 149360 | 94728 | - | - | - | - | - | (3140) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity (deficit) | $229261 | $227976 | $337262 | $252615 | $353135 | $301119 | $373478 | $273819 | $566714 | $539960 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Series**<br>**Mclovin** | **Series**<br>**Odessa** | **Series**<br>**Oly** | **Series**<br>**Saddlebred** | **Series**<br>**Grant** | **Series**<br>**Amber** | **Series**<br>**Centennial** | **Series**<br>**Collinston** | **Series**<br>**Davidson** | **Series**<br>**Holland** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $- | $- | $- | $- | $- | $122 | $9856 | $- | $- | $1110 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 7532 | 5525 | 5746 | 4487 | 2201 | 2600 | 3320 | 657 | 1321 | 1516 |
| &nbsp;&nbsp;&nbsp;Due from related party | - | - | - | - | - | - | 1595 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 7532 | 5525 | 5746 | 4487 | 2201 | 2722 | 14771 | 657 | 1321 | 2626 |
| Property and equipment, net | 526794 | 533345 | 527604 | 472947 | 372834 | 305580 | 282758 | 215103 | 214858 | 214423 |
| Deposits held by property management companies | - | - | - | - | - | - | 1895 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $534326 | $538870 | $533350 | $477434 | $375035 | $308302 | $299424 | $215760 | $216179 | $217049 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $6462 | $5223 | $4956 | $3495 | $453 | $524 | $4908 | $1117 | $801 | $1054 |
| &nbsp;&nbsp;&nbsp;Due to related party | 163870 | 165595 | 163696 | 147851 | 118260 | 112665 | - | 81658 | 70380 | 72774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 170332 | 170818 | 168652 | 151346 | 118713 | 113189 | 4908 | 82775 | 71181 | 73828 |
| Tenant deposits |  |  |  |  |  |  | 1895 |  |  |  |
| Mortgage payable, net | 363994 | 370971 | 364698 | 329283 | 256322 | 198593 | 187402 | 134741 | 145158 | 145163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 534326 | 541789 | 533350 | 480629 | 375035 | 311782 | 194205 | 217516 | 216339 | 218991 |
| Members' equity (deficit): |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital |  | 6512 |  | 5476 | 5067 |  | 110601 |  |  |  |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | - | (9431) | - | (8671) | (5067) | (3480) | (5382) | (1756) | (160) | (1942) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity (deficit) | - | (2919) | - | (3195) | - | (3480) | 105219 | (1756) | (160) | (1942) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity (deficit) | $534326 | $538870 | $533350 | $477434 | $375035 | $308302 | $299424 | $215760 | $216179 | $217049 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Series**<br>**Jupiter** | **Series**<br>**KerriAnn** | **Series**<br>**Meadow** | **Series**<br>**Ribbonwalk** | **Series**<br>**Saturn** | **Series**<br>**Sigma** | **Series**<br>**Weldon** | **Series**<br>**Badminton** | **Series**<br>**Basil** | **Series**<br>**Bayside** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $- | $209 | $- | $- | $77 | $- | $- | $10370 | $7938 | $3337 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3018 | 2433 | 2723 | 3522 | 2176 | 1172 | 2803 | 2241 | 1385 | 3463 |
| &nbsp;&nbsp;&nbsp;Due from related party | - | - | - | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 3018 | 2642 | 2723 | 3522 | 2253 | 1172 | 2803 | 12611 | 9323 | 6800 |
| Property and equipment, net | 214419 | 341151 | 320343 | 320275 | 221804 | 389239 | 214173 | 253020 | 200978 | 254675 |
| Deposits held by property management companies | - | - | - | - | - | - | - | 2993 | 1495 | 2935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $217437 | $343793 | $323066 | $323797 | $224057 | $390411 | $216976 | $268624 | $211796 | $264410 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $1718 | $543 | $454 | $538 | $1517 | $355 | $1390 | $3658 | $2914 | $2374 |
| &nbsp;&nbsp;&nbsp;Due to related party | 79581 | 116213 | 116883 | 104796 | 86529 | 123327 | 82844 | 88 | 262 | 96372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 81299 | 116756 | 117337 | 105334 | 88046 | 123682 | 84234 | 3746 | 3176 | 98746 |
| Tenant deposits |  |  |  |  |  |  |  | 2993 | 1495 | 2619 |
| Mortgage payable, net | 137967 | 235377 | 212558 | 221584 | 137972 | 266729 | 134741 | 171756 | 129599 | 163383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 219266 | 352133 | 329895 | 326918 | 226018 | 390411 | 218975 | 178495 | 134270 | 264748 |
| Members' equity (deficit): |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital |  | 4919 | 4033 | 4402 | 4071 |  |  | 95481 | 80080 |  |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (1829) | (13259) | (10862) | (7523) | (6032) | - | (1999) | (5352) | (2554) | (338) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity (deficit) | (1829) | (8340) | (6829) | (3121) | (1961) | - | (1999) | 90129 | 77526 | (338) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity (deficit) | $217437 | $343793 | $323066 | $323797 | $224057 | $390411 | $216976 | $268624 | $211796 | $264410 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Series**<br>**Butter** | **Series**<br>**Coatbridge** | **Series**<br>**Dawson** | **Series**<br>**Dewberry** | **Series**<br>**Dolittle** | **Series**<br>**Eastfair** | **Series**<br>**Elevation** | **Series**<br>**Elm** | **Series**<br>**Forest** | **Series**<br>**Holloway** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $- | $1460 | $4852 | $5617 | $- | $10835 | $776 | $477 | $- | $11032 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  | 1336 |  | 820 |  |  | 520 |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3525 | 3039 | 2502 | 1276 | 2734 | 2917 | 5779 | 1394 | 3389 | 3891 |
| &nbsp;&nbsp;&nbsp;Due from related party | - | - | - | 1305 | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 3525 | 5835 | 7354 | 9018 | 2734 | 13752 | 7075 | 1871 | 3389 | 14923 |
| Property and equipment, net | 379693 | 269537 | 224952 | 188587 | 307573 | 213369 | 263908 | 164892 | 347941 | 337278 |
| Deposits held by property management companies | 525 | 3993 | 1695 | 1495 | 25 | 3590 | 4624 | 3504 | 3119 | 3752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $383743 | $279365 | $234001 | $199100 | $310332 | $230711 | $275607 | $170267 | $354449 | $355953 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $640 | $2431 | $1522 | $2614 | $602 | $3525 | $4529 | $747 | $3261 | $2767 |
| &nbsp;&nbsp;&nbsp;Due to related party | 123388 | 103495 | 88229 | - | 104453 | 1202 | 98470 | 61478 | 132410 | 1901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 124028 | 105926 | 89751 | 2614 | 105055 | 4727 | 102999 | 62225 | 135671 | 4668 |
| Tenant deposits |  | 2993 | 1695 | 1495 |  | 3590 | 3990 | 3190 | 3119 | 3119 |
| Mortgage payable, net | 259715 | 173037 | 144074 | 119301 | 205277 | 147794 | 170242 | 105713 | 225085 | 218098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 383743 | 281956 | 235520 | 123410 | 310332 | 156111 | 277231 | 171128 | 363875 | 225885 |
| Members' equity (deficit): |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital |  |  |  | 81658 |  | 74674 | 4496 |  | 7441 | 141748 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | - | (2591) | (1519) | (5968) | - | (74) | (6120) | (861) | (16867) | (11680) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity (deficit) | - | (2591) | (1519) | 75690 | - | 74600 | (1624) | (861) | (9426) | 130068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity (deficit) | $383743 | $279365 | $234001 | $199100 | $310332 | $230711 | $275607 | $170267 | $354449 | $355953 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Series**<br>**Kingsley** | **Series**<br>**Lallie** | **Series**<br>**Lennox** | **Series**<br>**Limestone** | **Series**<br>**Luna** | **Series**<br>**Matchingham** | **Series**<br>**Murphy** | **Series**<br>**Olive** | **Series**<br>**Ridge** | **Series**<br>**River** |
| **ASSETS** | | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $12813 | $14420 | $4431 | $- | $9299 | $86 | $- | $- | $677 | $2390 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 3170 | 2209 | 2028 | 3228 | 891 | 3085 | 2693 | 1905 | 2459 | 2596 |
| &nbsp;&nbsp;&nbsp;Due from related party | 41 | - | - | - | 981 | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 16024 | 16629 | 6459 | 3228 | 11171 | 3171 | 2693 | 1905 | 3136 | 4986 |
| Property and equipment, net | 312535 | 368110 | 215051 | 291746 | 213369 | 211492 | 297632 | 229985 | 216043 | 264587 |
| Deposits held by property management companies | 2869 | 2495 | 1695 | - | 1750 | 3195 | 25 | 3758 | 5933 | 2993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $331428 | $387234 | $223205 | $294974 | $226290 | $217858 | $300350 | $235648 | $225112 | $272566 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $4860 | $1538 | $1655 | $1031 | $3532 | $858 | $602 | $3195 | $1438 | $1858 |
| &nbsp;&nbsp;&nbsp;Due to related party | - | 3042 | 84097 | 96002 | - | 70679 | 94776 | 109410 | 83371 | 99650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 4860 | 4580 | 85752 | 97033 | 3532 | 71537 | 95378 | 112605 | 84809 | 101508 |
| Tenant deposits | 2869 | 2495 | 1695 |  | 1750 | 1795 |  | 1895 | 2543 | 2993 |
| Mortgage payable, net | 212156 | 237406 | 137639 | 200746 | 147794 | 144526 | 204972 | 124123 | 138282 | 170242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 219885 | 244481 | 225086 | 297779 | 153076 | 217858 | 300350 | 238623 | 225634 | 274743 |
| Members' equity (deficit): |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 116305 | 147498 |  |  | 77705 |  |  | 6103 |  |  |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (4762) | (4745) | (1881) | (2805) | (4491) | - | - | (9078) | (522) | (2177) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity (deficit) | 111543 | 142753 | (1881) | (2805) | 73214 | - | - | (2975) | (522) | (2177) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity (deficit) | $331428 | $387234 | $223205 | $294974 | $226290 | $217858 | $300350 | $235648 | $225112 | $272566 |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Series**<br>**Roseberry** | **Series**<br>**Shoreline** | **Series**<br>**Spencer** | **Series**<br>**Sugar** | **Series**<br>**Summerset** | **Series**<br>**Vernon** | **Series**<br>**Westchester** | **Series**<br>**Windsor** |<br>**Consolidated** |
| **ASSETS** | | | | | | | | | |
| Current assets: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $2749 | $8882 | $10725 | $3105 | $8216 | $- | $1483 | $12404 | $336890 |
| &nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  | 2676 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 4555 | 2778 | 2566 | 2790 | 2265 | 1333 | 4448 | 3574 | 175345 |
| &nbsp;&nbsp;&nbsp;Due from related party | - | 1428 | 802 | - | - | - | - | - | 24079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 7304 | 13088 | 14093 | 5895 | 10481 | 1333 | 5931 | 15978 | 538990 |
| Property and equipment, net | 326445 | 307540 | 298528 | 309169 | 253020 | 263370 | 338885 | 347992 | 19957542 |
| Deposits held by property management companies | 3443 | 2295 | 2744 | 3590 | 2644 | - | 3397 | 3893 | 109844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $337192 | $322923 | $315365 | $318654 | $266145 | $264703 | $348213 | $367863 | $20606376 |
| **LIABILITIES AND MEMBERS' EQUITY (DEFICIT)** |  |  |  |  |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses | $3217 | $3487 | $3912 | $1753 | $2479 | $602 | $3138 | $4203 | $154372 |
| &nbsp;&nbsp;&nbsp;Due to related party | 5136 | - | - | 117434 | 535 | 84372 | 146041 | 471 | 4455778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 8353 | 3487 | 3912 | 119187 | 3014 | 84974 | 149179 | 4674 | 4610150 |
| Tenant deposits | 3443 | 2295 | 2744 | 3590 | 2119 |  | 3119 | 3893 | 97532 |
| Mortgage payable, net | 208948 | 209087 | 192353 | 198781 | 163389 | 179729 | 196207 | 224525 | 13029905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 220744 | 214869 | 199009 | 321558 | 168522 | 264703 | 348505 | 233092 | 17737587 |
| Members' equity (deficit): |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Members' capital | 125794 | 117393 | 120965 | 5490 | 104683 |  | 5640 | 140239 | 3118176 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (9346) | (9339) | (4609) | (8394) | (7060) | - | (5932) | (5468) | (249387) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total members' equity (deficit) | 116448 | 108054 | 116356 | (2904) | 97623 | - | (292) | 134771 | 2868789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and members' equity (deficit) | $337192 | $322923 | $315365 | $318654 | $266145 | $264703 | $348213 | $367863 | $20606376 |

---

See the accompanying notes to these consolidated and consolidating financial statements.

**ARRIVED HOMES, LLC**

**CONSOLIDATED AND CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)**

**FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Apollo** | **Avebury** | **Chelsea** | **Clover** | **Dogwood** | **Gardens** | **Grove** | **Kawana** | **Lannister** | **Latte** |
| Rental income | $- | $2095 | $2195 | $- | $- | $1495 | $- | $- | $- | $- |
| Operating expenses: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation |  | 1998 | 2117 |  |  | 1010 | 1034 | 1893 | 610 |  |
| &nbsp;&nbsp;&nbsp;Insurance |  | 389 | 419 |  |  | 201 | 276 | 380 |  |  |
| &nbsp;&nbsp;&nbsp;Management fees | 76 | 493 | 344 |  |  | 288 | 175 | 423 | 80 | 347 |
| &nbsp;&nbsp;&nbsp;Repair and maintenance | 11 | 790 | 242 |  |  | 1060 |  | 737 | 6250 |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 189 | 458 | 1074 |  |  | 89 | 291 | 196 | 64 | 42 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 906 | 2511 | 1310 | 1070 | 820 | 1299 | 1098 | 1121 | 815 | 1145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 1182 | 6639 | 5506 | 1070 | 820 | 3947 | 2874 | 4750 | 7819 | 1534 |
| Loss from operations | (1182) | (4544) | (3311) | (1070) | (820) | (2452) | (2874) | (4750) | (7819) | (1534) |
| Other income (expense), net |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (1046) | (2800) | (2972) | - | - | (1816) | (1970) | (2884) | (873) | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense), net | (1046) | (2800) | (2972) |  |  | (1816) | (1970) | (2884) | (873) |  |
| Provision for income taxes |  |  |  |  |  |  |  |  |  |  |
| Net loss | $(2228) | $(7344) | $(6283) | $(1070) | $(820) | $(4268) | $(4844) | $(7634) | $(8692) | $(1534) |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Louise** | **Madison** | **Peanut** | **Rosewood** | **Stonebriar** | **Tulip** | **Wisteria** | **Chaparral** | **Cupcake** | **Lierly** |
| Rental income | $4390 | $- | $3390 | $- | $- | $- | $2195 | $6341 | $9870 | $10500 |
| Operating expenses: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 1263 |  | 988 | 620 | 465 | 1454 | 1359 | 2700 | 3275 | 2932 |
| &nbsp;&nbsp;&nbsp;Insurance | 280 | 73 | 215 | 193 | 148 | 296 | 312 | 453 | 492 | 541 |
| &nbsp;&nbsp;&nbsp;Management fees | 503 | 122 | 389 | 205 | 206 | 350 | 393 | 1082 | 1309 | 1313 |
| &nbsp;&nbsp;&nbsp;Repair and maintenance |  |  |  | 4437 |  |  |  | 161 | (381) | 449 |
| &nbsp;&nbsp;&nbsp;Property taxes | 222 | 198 | 99 | 183 | 181 | 293 | 400 | 375 | 915 | 1155 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 2592 | 1250 | 2137 | 1311 | 920 | 1370 | 2802 | 660 | 751 | 663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 4860 | 1643 | 3828 | 6949 | 1920 | 3763 | 5266 | 5431 | 6361 | 7053 |
| Loss from operations | (470) | (1643) | (438) | (6949) | (1920) | (3763) | (3071) | 910 | 3509 | 3447 |
| Other income (expense), net |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (2340) | (812) | (1434) | (1907) | (1357) | (2948) | (2593) | (2235) | (2814) | (2806) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense), net | (2340) | (812) | (1434) | (1907) | (1357) | (2948) | (2593) | (2235) | (2814) | (2806) |
| Provision for income taxes |  |  |  |  |  |  |  |  |  |  |
| Net loss | $(2810) | $(2455) | $(1872) | $(8856) | $(3277) | $(6711) | $(5664) | $(1325) | $695 | $641 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Malbec** | **Mojave** | **Patrick** | **Pecan** | **Pinot** | **Plumtree** | **Salem** | **Soapstone** | **Splash** | **Tuscan** |
| Rental income | $13470 | $9870 | $8250 | $9650 | $13530 | $9600 | $13170 | $9600 | $8700 | $13795 |
| Operating expenses: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4388 | 3525 | 2886 | 2863 | 4429 | 2768 | 4387 | 3000 | 2978 | 4439 |
| &nbsp;&nbsp;&nbsp;Insurance | 489 | 492 | 471 | 483 | 618 | 489 | 613 | 568 | 439 | 613 |
| &nbsp;&nbsp;&nbsp;Management fees | 1743 | 1346 | 1195 | 1302 | 1753 | 1279 | 1723 | 1268 | 1154 | 1729 |
| &nbsp;&nbsp;&nbsp;Repair and maintenance | 145 | (381) | 594 | 301 | (40) | 591 | 292 | 130 |  |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 290 | 966 | 913 | 984 | 290 | 948 | 290 | 1202 | 504 | 1566 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1413 | 728 | 1663 | 800 | 1413 | 662 | 1413 | 663 | 663 | 1413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 8468 | 6676 | 7722 | 6733 | 8463 | 6737 | 8718 | 6831 | 5738 | 9760 |
| Loss from operations | 5002 | 3194 | 528 | 2917 | 5067 | 2863 | 4452 | 2769 | 2962 | 4035 |
| Other income (expense), net |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (4891) | (3013) | (2271) | (2366) | (4945) | (2379) | (4983) | (2746) | (2543) | (3765) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense), net | (4891) | (3013) | (2271) | (2366) | (4945) | (2379) | (4983) | (2746) | (2543) | (3765) |
| Provision for income taxes |  |  |  |  |  |  |  |  |  |  |
| Net loss | $111 | $181 | $(1743) | $551 | $122 | $484 | $(531) | $23 | $419 | $270 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Walton** | **Wentworth** | **Bandelier** | **Diablo** | **Rooney** | **Saint** | **Scepter** | **Terracotta** | **Baron** | **Burlington** |
| Rental income | $- | $9720 | $4319 | $965 | $- | $11051 | $4787 | $3176 | $2500 | $3500 |
| Operating expenses: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation |  | 3417 | 4170 | 3571 | 4422 | 2536 | 3238 | 1262 |  |  |
| &nbsp;&nbsp;&nbsp;Insurance |  | 458 | 732 | 602 | 768 | 535 | 546 | 431 |  |  |
| &nbsp;&nbsp;&nbsp;Management fees |  | 1328 | 1017 | 856 | 939 | 733 | 873 | 422 | 544 | 620 |
| &nbsp;&nbsp;&nbsp;Repair and maintenance | 315 | (381) | 1115 | 1319 | 3026 | 1105 | 1172 | 1060 |  |  |
| &nbsp;&nbsp;&nbsp;Property taxes |  | 1000 | 1638 | 1436 | 1046 | 1121 | 1070 | 881 |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 802 | 751 | 2646 | 2746 | 3137 | 1942 | 2698 | 2548 | 820 | 795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 1117 | 6573 | 11318 | 10530 | 13338 | 7972 | 9597 | 6604 | 1364 | 1415 |
| Loss from operations | (1117) | 3147 | (6999) | (9565) | (13338) | 3079 | (4810) | (3428) | 1136 | 2085 |
| Other income (expense), net |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (508) | (3129) | (4789) | (4067) | (5063) | (3912) | (3698) | (3501) | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense), net | (508) | (3129) | (4789) | (4067) | (5063) | (3912) | (3698) | (3501) |  |  |
| Provision for income taxes |  |  |  |  |  |  |  |  |  |  |
| Net loss | $(1625) | $18 | $(11788) | $(13632) | $(18401) | $(833) | $(8508) | $(6929) | $1136 | $2085 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Ensenada** | **Jake** | **Lily** | **McLovin** | **Nugget** | **Odessa** | **Oly** | **Pioneer** | **Ritter** | **Saddlebred** |
| Rental income | $12436 | $- | $- | $10805 | $- | $5429 | $14175 | $- | $1000 | $- |
| Operating expenses: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 6666 |  | 6920 | 6219 |  | 7332 | 6267 | 1307 |  | 7642 |
| &nbsp;&nbsp;&nbsp;Insurance | 1115 |  | 1047 | 1052 |  | 1105 | 1046 |  |  | 993 |
| &nbsp;&nbsp;&nbsp;Management fees | 1643 | 553 | 1452 | 1531 | 532 | 1448 | 1484 | 546 | 484 | 1184 |
| &nbsp;&nbsp;&nbsp;Repair and maintenance | 1752 |  | 599 | 2554 | 150 | 215 | 940 |  |  | 20578 |
| &nbsp;&nbsp;&nbsp;Property taxes | 1588 | 526 | 1860 | 3253 |  | 2300 | 2250 |  | 354 | 1514 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 2511 | 820 | 3149 | 2438 | 802 | 3059 | 2043 | 1270 | 770 | 4889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 15275 | 1899 | 15027 | 17047 | 1484 | 15459 | 14030 | 3123 | 1608 | 36800 |
| Loss from operations | (2839) | (1899) | (15027) | (6242) | (1484) | (10030) | 145 | (3123) | (608) | (36800) |
| Other income (expense), net |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (7656) | - | (6087) | (7179) | - | (7315) | (7192) | - | - | (6496) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense), net | (7656) |  | (6087) | (7179) |  | (7315) | (7192) |  |  | (6496) |
| Provision for income taxes |  |  |  |  |  |  |  |  |  |  |
| Net loss | $(10495) | $(1899) | $(21114) | $(13421) | $(1484) | $(17345) | $(7047) | $(3123) | $(608) | $(43296) |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Delta** | **Emporia** | **Grant** | **Heritage** | **Holcomb** | **Kennesaw** | **Lanier** | **Lovejoy** | **Magnolia** | **Mammoth** |
| Rental income | $12633 | $7477 | $10067 | $739 | $- | $- | $5190 | $2527 | $903 | $2995 |
| Operating expenses: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 3099 | 3188 | 4451 | 667 |  | 973 | 866 | 2005 | 575 | 1562 |
| &nbsp;&nbsp;&nbsp;Insurance | 576 | 596 | 745 | 205 |  |  | 262 | 400 | 172 | 359 |
| &nbsp;&nbsp;&nbsp;Management fees | 1000 | 923 | 1757 | 318 | 371 | 403 | 635 | 768 | 245 | 416 |
| &nbsp;&nbsp;&nbsp;Repair and maintenance | 8938 | 801 | 3848 | 1074 | 450 |  | 2344 |  | 982 | 782 |
| &nbsp;&nbsp;&nbsp;Property taxes | 992 | 1582 | 1785 | 418 | 546 |  | 457 | 1182 | 328 | 254 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 4783 | 3832 | 3386 | 1546 | 804 | 770 | 2754 | 3624 | 909 | 2878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 19388 | 10922 | 15972 | 4228 | 2171 | 2146 | 7318 | 7979 | 3211 | 6251 |
| Loss from operations | (6755) | (3445) | (5905) | (3489) | (2171) | (2146) | (2128) | (5452) | (2308) | (3256) |
| Other income (expense), net |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (3891) | (4124) | (5062) | (2129) | - | - | (2940) | (3786) | (1801) | (2910) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense), net | (3891) | (4124) | (5062) | (2129) |  |  | (2940) | (3786) | (1801) | (2910) |
| Provision for income taxes |  |  |  |  |  |  |  |  |  |  |
| Net loss | $(10646) | $(7569) | $(10967) | $(5618) | $(2171) | $(2146) | $(5068) | $(9238) | $(4109) | $(6166) |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Otoro** | **Reynolds** | **Swift** | **Wave** | **Amber** | **Centennial** | **Collinston** | **Davidson** | **Holland** | **Jupiter** |
| Rental income | $5590 | $- | $842 | $5169 | $5022 | $11370 | $1814 | $1830 | $1445 | $4871 |
| Operating expenses: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 1953 |  | 787 | 2307 | 4208 | 3918 | 2906 | 2909 | 2909 | 2906 |
| &nbsp;&nbsp;&nbsp;Insurance | 402 |  | 243 | 453 | 638 | 428 | 362 | 460 | 460 | 460 |
| &nbsp;&nbsp;&nbsp;Management fees | 653 | 409 | 380 | 653 | 1203 | 1501 | 823 | 786 | 717 | 1003 |
| &nbsp;&nbsp;&nbsp;Repair and maintenance | 5459 | 30 | 1022 |  |  | 1836 | 4250 | 3570 | 7886 | 6230 |
| &nbsp;&nbsp;&nbsp;Property taxes | 913 |  | 896 | 662 | 994 | 1333 | 41 | 63 | 54 | 1101 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 3582 | 988 | 1165 | 3302 | 3013 | 985 | 6085 | 2475 | 2887 | 2330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 12962 | 1427 | 4493 | 7377 | 10056 | 10001 | 14467 | 10263 | 14913 | 14030 |
| Loss from operations | (7372) | (1427) | (3651) | (2208) | (5034) | 1369 | (12653) | (8433) | (13468) | (9159) |
| Other income (expense), net |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (3007) | - | - | (3354) | (4174) | (4438) | (2674) | (2879) | (2879) | (3262) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense), net | (3007) |  |  | (3354) | (4174) | (4438) | (2674) | (2879) | (2879) | (3262) |
| Provision for income taxes |  |  |  |  |  |  |  |  |  |  |
| Net loss | $(10379) | $(1427) | $(3651) | $(5562) | $(9208) | $(3069) | $(15327) | $(11312) | $(16347) | $(12421) |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **KerriAnn** | **Meadow** | **Ribbonwalk** | **Saturn** | **Sigma** | **Weldon** | **Badminton** | **Basil** | **Bayside** | **Bazzel** |
| Rental income | $3458 | $4906 | $1995 | $2843 | $- | $2444 | $11970 | $8970 | $12570 | $- |
| Operating expenses: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4686 | 4410 | 4395 | 3200 | 5327 | 2906 | 3505 | 2777 | 3525 | 568 |
| &nbsp;&nbsp;&nbsp;Insurance | 684 | 673 | 646 | 460 | 769 | 460 | 521 | 412 | 523 |  |
| &nbsp;&nbsp;&nbsp;Management fees | 1206 | 1338 | 970 | 840 | 956 | 773 | 1504 | 1196 | 1723 |  |
| &nbsp;&nbsp;&nbsp;Repair and maintenance | 462 | 1202 | 1875 | 300 | 4800 | 3570 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 1741 | 1014 | 1363 | 500 | 1333 | 800 | 722 | 357 | 993 |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 3454 | 2723 | 3850 | 2663 | 2362 | 2676 | 798 | 663 | 910 | 770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 12233 | 11360 | 13099 | 7963 | 15547 | 11185 | 7050 | 5405 | 7674 | 1338 |
| Loss from operations | (8775) | (6454) | (11104) | (5120) | (15547) | (8741) | 4920 | 3565 | 4896 | (1338) |
| Other income (expense), net |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (4655) | (4203) | (4380) | (3262) | (4440) | (2674) | (4070) | (3078) | (3873) | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense), net | (4655) | (4203) | (4380) | (3262) | (4440) | (2674) | (4070) | (3078) | (3873) |  |
| Provision for income taxes |  |  |  |  |  |  |  |  |  |  |
| Net loss | $(13430) | $(10657) | $(15484) | $(8382) | $(19987) | $(11415) | $850 | $487 | $1023 | $(1338) |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Bedford** | **Butter** | **Coatbridge** | **Dawson** | **Dewberry** | **Dolittle** | **Dorchester** | **Eastfair** | **Elevation** | **Elm** |
| Rental income | $6885 | $5776 | $13630 | $6780 | $9980 | $9890 | $- | $10770 | $12135 | $9570 |
| Operating expenses: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 1924 | 5190 | 3730 | 3114 | 2613 | 4221 | 788 | 2956 | 3657 | 2300 |
| &nbsp;&nbsp;&nbsp;Insurance | 386 | 791 | 414 | 573 | 436 | 602 |  | 347 | 537 | 307 |
| &nbsp;&nbsp;&nbsp;Management fees | 785 | 1450 | 1725 | 1155 | 1119 | 1547 |  | 1292 | 1666 | 1197 |
| &nbsp;&nbsp;&nbsp;Repair and maintenance | 2179 | 2815 |  | 65 | 3771 | 1658 |  |  |  | 181 |
| &nbsp;&nbsp;&nbsp;Property taxes | 675 | 1301 | 1070 | 564 | 412 | 840 |  | 755 | 2087 | 142 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 2927 | 4527 | 1152 | 811 | 8 | 3142 | 770 | 870 | 800 | 663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 8876 | 16074 | 8091 | 6282 | 8359 | 12010 | 1558 | 6220 | 8747 | 4790 |
| Loss from operations | (1991) | (10298) | 5539 | 498 | 1621 | (2120) | (1558) | 4550 | 3388 | 4780 |
| Other income (expense), net |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (2577) | (5130) | (4100) | (3419) | (2836) | (4060) | - | (3506) | (4017) | (2506) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense), net | (2577) | (5130) | (4100) | (3419) | (2836) | (4060) |  | (3506) | (4017) | (2506) |
| Provision for income taxes |  |  |  |  |  |  |  |  |  |  |
| Net loss | $(4568) | $(15428) | $1439 | $(2921) | $(1215) | $(6180) | $(1558) | $1044 | $(629) | $2274 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Folly** | **Forest** | **Greenhill** | **Hadden** | **Heron** | **Holloway** | **Kingsley** | **Lallie** | **Lennox** | **Limestone** |
| Rental income | $- | $14970 | $10960 | $1645 | $- | $14970 | $13580 | $14970 | $10170 | $11575 |
| Operating expenses: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 713 | 4823 | 3006 | 2036 | 657 | 4672 | 4290 | 5115 | 2978 | 4023 |
| &nbsp;&nbsp;&nbsp;Insurance |  | 573 | 550 | 380 | 206 | 690 | 501 | 745 | 333 | 657 |
| &nbsp;&nbsp;&nbsp;Management fees |  | 2150 | 1345 | 408 | 220 | 1903 | 1685 | 2044 | 1432 | 1534 |
| &nbsp;&nbsp;&nbsp;Repair and maintenance |  | 575 | 835 | 2712 |  |  | 300 |  |  | 2115 |
| &nbsp;&nbsp;&nbsp;Property taxes |  | 678 | 782 | 217 | 163 | 1176 | 1196 | 106 | 563 | 821 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1550 | 462 | 4301 | 2602 | 1043 | 888 | 905 | 829 | 663 | 3077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 2263 | 9261 | 10819 | 8355 | 2289 | 9329 | 8877 | 8839 | 5969 | 12227 |
| Loss from operations | (2263) | 5709 | 141 | (6710) | (2289) | 5641 | 4703 | 6131 | 4201 | (652) |
| Other income (expense), net |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | - | (5302) | (4227) | (2358) | (1868) | (5160) | (5020) | (5614) | (3267) | (3690) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense), net |  | (5302) | (4227) | (2358) | (1868) | (5160) | (5020) | (5614) | (3267) | (3690) |
| Provision for income taxes |  |  |  |  |  |  |  |  |  |  |
| Net loss | $(2263) | $407 | $(4086) | $(9068) | $(4157) | $481 | $(317) | $517 | $934 | $(4342) |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Luna** | **Matchingham** | **Murphy** | **Olive** | **Osprey** | **Ridge** | **River** | **Roseberry** | **Shoreline** | **Spencer** |
| Rental income | $10500 | $10770 | $11801 | $11370 | $- | $10170 | $11970 | $13770 | $13770 | $13170 |
| Operating expenses: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 2956 | 2913 | 4085 | 3184 |  | 2992 | 3662 | 4513 | 4260 | 4157 |
| &nbsp;&nbsp;&nbsp;Insurance | 440 | 446 | 617 | 357 |  | 442 | 539 | 504 | 630 | 609 |
| &nbsp;&nbsp;&nbsp;Management fees | 1292 | 1417 | 1634 | 1695 | 336 | 1697 | 1702 | 1702 | 1724 | 1747 |
| &nbsp;&nbsp;&nbsp;Repair and maintenance | 185 | 800 | 1483 | 233 |  |  | 137 |  | 933 | 710 |
| &nbsp;&nbsp;&nbsp;Property taxes | 704 | 873 | 840 | 466 | 774 | 543 | 797 | 1317 | 708 | 930 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 980 | 905 | 3084 | 964 | 1132 | 787 | 888 | 963 | 963 | 823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 6557 | 7354 | 11743 | 6899 | 2242 | 6461 | 7725 | 8999 | 9218 | 8976 |
| Loss from operations | 3943 | 3416 | 58 | 4471 | (2242) | 3709 | 4245 | 4771 | 4552 | 4194 |
| Other income (expense), net |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (3506) | (2867) | (4054) | (2950) | - | (3283) | (4017) | (4924) | (4948) | (4554) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense), net | (3506) | (2867) | (4054) | (2950) |  | (3283) | (4017) | (4924) | (4948) | (4554) |
| Provision for income taxes |  |  |  |  |  |  |  |  |  |  |
| Net loss | $437 | $549 | $(3996) | $1521 | $(2242) | $426 | $228 | $(153) | $(396) | $(360) |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Sugar** | **Summerset** | **Tuxford** | **Vernon** | **Westchester** | **Windsor** | **100** | **101** | **Abbington** | **Collier** |
| Rental income | $10770 | $10170 | $4343 | $3729 | $14970 | $15570 | $- | $- | $- | $- |
| Operating expenses: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 4279 | 3505 | 1801 | 3619 | 4687 | 4809 | 1407 |  |  |  |
| &nbsp;&nbsp;&nbsp;Insurance | 550 | 514 | 357 | 460 | 536 | 593 | 410 |  |  |  |
| &nbsp;&nbsp;&nbsp;Management fees | 1719 | 1376 | 726 | 975 | 2260 | 2030 | 1246 | 600 | 461 |  |
| &nbsp;&nbsp;&nbsp;Repair and maintenance | 980 |  | 4657 | 2132 | 145 |  | 1797 |  |  |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 776 | 596 | 2288 | 888 | 1398 | 1431 | 843 | 435 |  |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1138 | 754 | 3000 | 2958 | 1005 | 929 | 1640 | 770 | 1183 | 770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 9442 | 6745 | 12829 | 11032 | 10031 | 9792 | 7343 | 1805 | 1644 | 770 |
| Loss from operations | 1328 | 3425 | (8486) | (7303) | 4939 | 5778 | (7343) | (1805) | (1644) | (770) |
| Other income (expense), net |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (4706) | (3873) | (2713) | (3558) | (4645) | (5311) | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense), net | (4706) | (3873) | (2713) | (3558) | (4645) | (5311) |  |  |  |  |
| Provision for income taxes |  |  |  |  |  |  |  |  |  |  |
| Net loss | $(3378) | $(448) | $(11199) | $(10861) | $294 | $467 | $(7343) | $(1805) | $(1644) | $(770) |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Dunbar** | **Hines** | **Hollandaise** | **Jack** | **Johnny** | **June** | **Kirkwood** | **Lookout** | **McGregor** | **Pearl** |
| Rental income | $- | $- | $1104 | $4680 | $- | $- | $1170 | $- | $442 | $3000 |
| Operating expenses: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation |  |  | 2514 | 1900 | 1341 | 1341 | 599 |  | 689 |  |
| &nbsp;&nbsp;&nbsp;Insurance |  |  | 488 | 374 |  |  | 184 |  | 214 |  |
| &nbsp;&nbsp;&nbsp;Management fees | 200 | 246 | 448 | 587 | 506 | 555 | 245 | 202 | 606 | 563 |
| &nbsp;&nbsp;&nbsp;Repair and maintenance |  |  | 535 | 3539 |  |  | 672 |  | 525 |  |
| &nbsp;&nbsp;&nbsp;Property taxes | 200 | 224 | 568 | 737 |  |  | 280 | 162 | 791 |  |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1070 | 1254 | 2490 | 3414 | 1111 | 1115 | 2042 | 829 | 1935 | 770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 1470 | 1724 | 7043 | 10551 | 2958 | 3011 | 4022 | 1193 | 4760 | 1333 |
| Loss from operations | (1470) | (1724) | (5939) | (5871) | (2958) | (3011) | (2852) | (1193) | (4318) | 1667 |
| Other income (expense), net |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | - | - | (3584) | (3579) | (2367) | (2367) | (1693) | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense), net |  |  | (3584) | (3579) | (2367) | (2367) | (1693) |  |  |  |
| Provision for income taxes |  |  |  |  |  |  |  |  |  |  |
| Net loss | $(1470) | $(1724) | $(9523) | $(9450) | $(5325) | $(5378) | $(4545) | $(1193) | $(4318) | $1667 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Point** | **Riverwalk** | **Roxy** | **Wescott** | **Wildwood** | **Consolidated** |
| Rental income | $2295 | $- | $- | $- | $- | $723399 |
| Operating expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 875 | 905 | 747 |  | 505 | 332889 |
| &nbsp;&nbsp;&nbsp;Insurance | 265 |  | 227 |  | 159 | 51685 |
| &nbsp;&nbsp;&nbsp;Management fees | 353 |  | 239 | 149 | 125 | 122269 |
| &nbsp;&nbsp;&nbsp;Repair and maintenance | 1523 |  | 450 |  | 450 | 151710 |
| &nbsp;&nbsp;&nbsp;Property taxes | 468 |  | 273 |  | 97 | 92593 |
| &nbsp;&nbsp;&nbsp;Other operating expenses | 1633 | 1009 | 1054 | 833 | 820 | 229990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 5117 | 1914 | 2990 | 982 | 2156 | 981136 |
| Loss from operations | (2822) | (1914) | (2990) | (982) | (2156) | (257737) |
| Other income (expense), net |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (3054) | - | (2457) | (464) | (1126) | (377303) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense), net | (3054) |  | (2457) | (464) | (1126) | (377303) |
| Provision for income taxes |  |  |  |  |  |  |
| Net loss | $(5876) | $(1914) | $(5447) | $(1446) | $(3282) | $(635040) |

---

See the accompanying notes to these consolidated and consolidating financial statements.

**ARRIVED HOMES, LLC**

**UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)**

**FOR THE SIX MONTHS ENDED JUNE 30, 2021 (UNAUDITED)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Series**<br>**Soapstone** | **Series**<br>**Lierly** | **Series**<br>**Pecan** | **Series**<br>**Patrick** | **Series**<br>**Plumtree** | **Series**<br>**Chaparral** |<br>**Consolidated** |
| Rental income | $4800 | $4425 | $4350 | $4500 | $4325 | $4350 | $26750 |
| &nbsp;&nbsp;&nbsp;Total revenue | 4800 | 4425 | 4350 | 4500 | 4325 | 4350 | 26750 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | 1500 | 1466 | 1431 | 1443 | 1384 | 1350 | 8574 |
| &nbsp;&nbsp;&nbsp;Insurance | 326 | 251 | 229 | 182 | 209 | 201 | 1398 |
| &nbsp;&nbsp;&nbsp;Management fees | 634 | 590 | 615 | 645 | 504 | 610 | 3600 |
| &nbsp;&nbsp;&nbsp;Repair and maintenance |  |  |  | 182 |  | 133 | 315 |
| &nbsp;&nbsp;&nbsp;Property taxes | 601 | 578 | 492 | 457 | 474 | 187 | 2789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 3061 | 2885 | 2767 | 2909 | 2571 | 2481 | 16676 |
| Income from operations | 1739 | 1540 | 1583 | 1591 | 1754 | 1869 | 10074 |
| Other income (expense), net |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (1359) | (1388) | (1171) | (1124) | (1177) | (1106) | (7325) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense), net | (1359) | (1388) | (1171) | (1124) | (1177) | (1106) | (7325) |
| Net income | $380 | $152 | $412 | $467 | $577 | $763 | $2751 |

---

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

**ARRIVED HOMES, LLC AND ITS SERIES**

**CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS' EQUITY (DEFICIT)**

**FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Apollo** | **Avebury** | **Chelsea** | **Clover** | **Dogwood** | **Gardens** | **Grove** | **Kawana** | **Lannister** | **Latte** |
| **Balance at January 1, 2022** | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Membership contributions, net of issuance costs | 77571 | 106673 | 116517 |  |  | 100941 | 89767 | 107916 | 83245 | 384994 |
| Deemed contribution from (dividend to) Manager | 555 | 1027 | 1294 |  |  | 180 | 901 | 373 | 425 |  |
| Distributions | (456) | (1389) | (1651) |  |  | (1278) | (526) | (2795) | (479) |  |
| Net income (loss) | (2228) | (7344) | (6283) | (1070) | (820) | (4268) | (4844) | (7634) | (8692) | (1534) |
| **Balance at June 30, 2022 (unaudited)** | $75442 | $98967 | $109878 | $(1070) | $(820) | $95575 | $85298 | $97860 | $74499 | $383460 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Louise** | **Madison** | **Peanut** | **Rosewood** | **Stonebriar** | **Tulip** | **Wisteria** | **Chaparral** | **Cupcake** | **Lierly** |
| **Balance at January 1, 2022** | $- | $- | $- | $- | $- | $- | $- | $99751 | $91091 | $89155 |
| Membership contributions, net of issuance costs | 113471 | 130979 | 84532 | 104490 | 85622 | 118471 | 110463 |  |  |  |
| Deemed contribution from (dividend to) Manager | 332 | 489 | 194 | 399 | 309 | 293 | 1458 |  |  |  |
| Distributions | (1853) | (880) | (992) | (616) | (598) | (1822) | (783) | (5344) | (5107) | (4917) |
| Net income (loss) | (2810) | (2455) | (1872) | (8856) | (3277) | (6711) | (5664) | (1325) | 695 | 641 |
| **Balance at June 30, 2022 (unaudited)** | $109140 | $128133 | $81862 | $95417 | $82056 | $110230 | $105474 | $93082 | $86679 | $84879 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Malbec** | **Mojave** | **Patrick** | **Pecan** | **Pinot** | **Plumtree** | **Salem** | **Soapstone** | **Splash** | **Tuscan** |
| **Balance at January 1, 2022** | $122827 | $96504 | $102846 | $100140 | $123675 | $101731 | $119345 | $94556 | $99672 | $149360 |
| Membership contributions, net of issuance costs |  | (100) |  |  |  |  |  |  |  |  |
| Deemed contribution from (dividend to) Manager |  |  |  |  |  |  |  |  |  |  |
| Distributions | (6479) | (5449) | (4976) | (5025) | (6534) | (6202) | (6782) | (4701) | (5260) | (8270) |
| Net income (loss) | 111 | 181 | (1743) | 551 | 122 | 484 | (531) | 23 | 419 | 270 |
| **Balance at June 30, 2022 (unaudited)** | $116459 | $91136 | $96127 | $95666 | $117263 | $96013 | $112032 | $89878 | $94831 | $141360 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Walton** | **Wentworth** | **Bandelier** | **Diablo** | **Rooney** | **Saint** | **Scepter** | **Terracotta** | **Baron** | **Burlington** |
| **Balance at January 1, 2022** | $- | $94728 | $- | $- | $- | $- | $- | $- | $- | $- |
| Membership contributions, net of issuance costs |  |  | 125963 | 108210 | 133516 | 126643 | 98684 | 118438 | 604098 | 687621 |
| Deemed contribution from (dividend to) Manager |  |  |  |  |  | (150) |  | 6599 | (2500) | (3500) |
| Distributions |  | (6269) | (2954) | (2580) | (3440) | (2514) | (2351) | (1536) | (3265) | (3719) |
| Net income (loss) | (1625) | 18 | (11788) | (13632) | (18401) | (833) | (8508) | (6929) | 1136 | 2085 |
| **Balance at June 30, 2022 (unaudited)** | $(1625) | $88477 | $111221 | $91998 | $111675 | $123146 | $87825 | $116572 | $599469 | $682487 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Ensenada** | **Jake** | **Lily** | **McLovin** | **Nugget** | **Odessa** | **Oly** | **Pioneer** | **Ritter** | **Saddlebred** |
| **Balance at January 1, 2022** | $- | $- | $(3140) | $- | $- | $(2919) | $- | $- | $- | $(3195) |
| Membership contributions, net of issuance costs | 198683 | 612906 | 210494 | 188651 | 590293 | 187276 | 187196 | 605434 | 536806 | 169337 |
| Deemed contribution from (dividend to) Manager |  |  |  |  |  |  |  |  | (1000) |  |
| Distributions | (5097) |  | (5342) | (4838) | (3193) | (4821) | (4805) |  |  | (4358) |
| Net income (loss) | (10495) | (1899) | (21114) | (13421) | (1484) | (17345) | (7047) | (3123) | (608) | (43296) |
| **Balance at June 30, 2022 (unaudited)** | $183091 | $611007 | $180898 | $170392 | $585616 | $162191 | $175344 | $602311 | $535198 | $118488 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Delta** | **Emporia** | **Grant** | **Heritage** | **Holcomb** | **Kennesaw** | **Lanier** | **Lovejoy** | **Magnolia** | **Mammoth** |
| **Balance at January 1, 2022** | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Membership contributions, net of issuance costs | 122469 | 128705 | 139954 | 107684 | 378585 | 447255 | 143238 | 108167 | 97484 | 126564 |
| Deemed contribution from (dividend to) Manager | 4513 | 6066 |  | 3127 |  |  | 886 | 3802 | 1777 | 1568 |
| Distributions | (2902) | (3052) | (3914) | (637) |  |  | (840) | (2565) | (574) | (744) |
| Net income (loss) | (10646) | (7569) | (10967) | (5618) | (2171) | (2146) | (5068) | (9238) | (4109) | (6166) |
| **Balance at June 30, 2022 (unaudited)** | $113435 | $124151 | $125073 | $104556 | $376414 | $445109 | $138216 | $100166 | $94578 | $121222 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Otoro** | **Reynolds** | **Swift** | **Wave** | **Amber** | **Centennial** | **Collinston** | **Davidson** | **Holland** | **Jupiter** |
| **Balance at January 1, 2022** | $- | $- | $- | $- | $(3480) | $105219 | $(1756) | $(160) | $(1942) | $(1829) |
| Membership contributions, net of issuance costs | 144539 | 453488 | 365241 | 120942 | 123685 |  | 86939 | 77126 | 87518 | 89288 |
| Deemed contribution from (dividend to) Manager | 965 |  | 870 | 2774 |  |  |  |  |  |  |
| Distributions | (2060) |  | (2769) | (2863) | (2615) | (4259) | (1851) | (1664) | (1857) | (1894) |
| Net income (loss) | (10379) | (1427) | (3651) | (5562) | (9208) | (3069) | (15327) | (11312) | (16347) | (12421) |
| **Balance at June 30, 2022 (unaudited)** | $133065 | $452061 | $359690 | $115291 | $108382 | $97891 | $68005 | $63990 | $67372 | $73144 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **KerriAnn** | **Meadow** | **Ribbonwalk** | **Saturn** | **Sigma** | **Weldon** | **Badminton** | **Basil** | **Bayside** | **Bazzel** |
| **Balance at January 1, 2022** | $(8340) | $(6829) | $(3121) | $(1961) | $- | $(1999) | $90129 | $77526 | $(338) | $- |
| Membership contributions, net of issuance costs | 124720 | 138331 | 116972 | 89100 | 139260 | 87439 |  |  | 104740 |  |
| Deemed contribution from (dividend to) Manager |  |  |  |  |  |  |  |  |  |  |
| Distributions | (2921) | (2855) | (2499) | (1891) | (3269) | (1855) | (4479) | (3730) | (3199) |  |
| Net income (loss) | (13430) | (10657) | (15484) | (8382) | (19987) | (11415) | 850 | 487 | 1023 | (1338) |
| **Balance at June 30, 2022 (unaudited)** | $100029 | $117990 | $95867 | $76866 | $116004 | $72170 | $86500 | $74283 | $102225 | $(1338) |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Bedford** | **Butter** | **Coatbridge** | **Dawson** | **Dewberry** | **Dolittle** | **Dorchester** | **Eastfair** | **Elevation** | **Elm** |
| **Balance at January 1, 2022** | $- | $- | $(2591) | $(1519) | $75690 | $- | $- | $74600 | $(1624) | $(861) |
| Membership contributions, net of issuance costs | 103855 | 137859 | 111730 | 93203 |  | 112713 |  | (500) | 106933 | 69199 |
| Deemed contribution from (dividend to) Manager | 1023 |  |  |  |  |  |  |  |  |  |
| Distributions | (1355) | (4188) | (3406) | (2853) | (3790) | (3209) |  | (3521) | (3268) | (2135) |
| Net income (loss) | (4568) | (15428) | 1439 | (2921) | (1215) | (6180) | (1558) | 1044 | (629) | 2274 |
| **Balance at June 30, 2022 (unaudited)** | $98955 | $118243 | $107172 | $85909 | $70685 | $103325 | $(1558) | $71623 | $101411 | $68477 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Folly** | **Forest** | **Greenhill** | **Hadden** | **Heron** | **Holloway** | **Kingsley** | **Lallie** | **Lennox** | **Limestone** |
| **Balance at January 1, 2022** | $- | $(9426) | $- | $- | $- | $130068 | $111543 | $142753 | $(1881) | $(2805) |
| Membership contributions, net of issuance costs |  | 141388 | 118705 | 95215 | 112381 | 100 | (500) |  | 89971 | 120037 |
| Deemed contribution from (dividend to) Manager |  |  | 3024 | 1865 | 538 |  |  |  |  |  |
| Distributions |  | (4237) | (3091) | (1549) | (661) | (5762) | (5194) | (6604) | (2754) | (3595) |
| Net income (loss) | (2263) | 407 | (4086) | (9068) | (4157) | 481 | (317) | 517 | 934 | (4342) |
| **Balance at June 30, 2022 (unaudited)** | $(2263) | $128132 | $114551 | $86463 | $108101 | $124887 | $105532 | $136666 | $86270 | $109295 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Luna** | **Matchingham** | **Murphy** | **Olive** | **Osprey** | **Ridge** | **River** | **Roseberry** | **Shoreline** | **Spencer** |
| **Balance at January 1, 2022** | $73214 | $- | $- | $(2975) | $- | $(522) | $(2177) | $116448 | $108054 | $116356 |
| Membership contributions, net of issuance costs | (500) | 79848 | 110084 | 119519 | 371970 | 89030 | 108634 |  | (100) | (500) |
| Deemed contribution from (dividend to) Manager |  |  |  |  |  |  |  |  |  |  |
| Distributions | (3700) | (2476) | (3134) | (3565) |  | (2730) | (3318) | (5706) | (4850) | (5406) |
| Net income (loss) | 437 | 549 | (3996) | 1521 | (2242) | 426 | 228 | (153) | (396) | (360) |
| **Balance at June 30, 2022 (unaudited)** | $69451 | $77921 | $102954 | $114500 | $369728 | $86204 | $103367 | $110589 | $102708 | $110090 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Sugar** | **Summerset** | **Tuxford** | **Vernon** | **Westchester** | **Windsor** | **100** | **101** | **Abbington** | **Collier** |
| **Balance at January 1, 2022** | $(2904) | $97623 | $- | $- | $(292) | $134771 | $- | $- | $- | $- |
| Membership contributions, net of issuance costs | 127779 |  | 102464 | 97709 | 159639 | (500) | 652349 | 665033 | 512153 |  |
| Deemed contribution from (dividend to) Manager |  |  | 549 |  |  |  | 450 |  | 2752 |  |
| Distributions | (2941) | (4632) | (2654) | (3018) | (4722) | (6113) | (4233) |  | (2768) |  |
| Net income (loss) | (3378) | (448) | (11199) | (10861) | 294 | 467 | (7343) | (1805) | (1644) | (770) |
| **Balance at June 30, 2022 (unaudited)** | $118556 | $92543 | $89160 | $83830 | $154918 | $128625 | $641223 | $663228 | $510492 | $(770) |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Dunbar** | **Hines** | **Hollandaise** | **Jack** | **Johnny** | **June** | **Kirkwood** | **Lookout** | **McGregor** | **Pearl** |
| **Balance at January 1, 2022** | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Membership contributions, net of issuance costs | 213788 | 272916 | 140374 | 155481 | 557458 | 615532 | 98854 | 214162 | 327129 | 577658 |
| Deemed contribution from (dividend to) Manager | 300 |  | 8681 | 1506 |  |  | 690 |  | 475 |  |
| Distributions |  |  | (1480) | (1651) |  |  | (582) |  | (2122) | (3124) |
| Net income (loss) | (1470) | (1724) | (9523) | (9450) | (5325) | (5378) | (4545) | (1193) | (4318) | 1667 |
| **Balance at June 30, 2022 (unaudited)** | $212618 | $271192 | $138053 | $145886 | $552133 | $610154 | $94417 | $212969 | $321164 | $576201 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Point** | **Riverwalk** | **Roxy** | **Wescott** | **Wildwood** | **Consolidated** |
| **Balance at January 1, 2022** | $- | $- | $- | $- | $- | $2868789 |
| Membership contributions, net of issuance costs | 144818 |  | 122171 | 158815 | 134048 | 19795358 |
| Deemed contribution from (dividend to) Manager | 1669 |  | 1148 | 454 | 741 | 59891 |
| Distributions | (850) |  | (718) | (896) | (752) | (355319) |
| Net income (loss) | (5876) | (1914) | (5447) | (1446) | (3282) | (635040) |
| **Balance at June 30, 2022 (unaudited)** | $139760 | $(1914) | $117154 | $156927 | $130756 | $21733680 |

---

See the accompanying notes to these consolidated and consolidating financial statements.

**ARRIVED HOMES, LLC AND ITS SERIES**

**UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS' EQUITY**

 **FOR THE SIX MONTHS ENDED JUNE 30, 2021 (UNAUDITED)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Series**<br> **Soapstone** | **Series**<br> **Lierly** | **Series**<br> **Pecan** | **Series**<br> **Patrick** | **Series**<br> **Plumtree** | **Series**<br> **Chaparral** |<br> **Consolidated** |
| **Balance at January 1, 2021** | $- | $- | $- | $- | $- | $- | $- |
| Membership contributions, net of issuance costs | 97019 | 91723 | 103703 | 110473 | 105643 | 101646 | 610208 |
| Distributions | (1300) | (1324) | (1497) | (1701) | (1743) | (1677) | (9241) |
| Net income | 380 | 152 | 412 | 467 | 577 | 763 | 2751 |
| **Balance at June 30, 2021 (unaudited)** | $96099 | $90551 | $102618 | $109239 | $104477 | $100733 | $603718 |

---

See the accompanying notes to these consolidated and consolidating financial statements.

**ARRIVED HOMES, LLC**

**CONSOLIDATED STATEMENTS OF CASH FLOWS**

**FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Apollo** | **Avebury** | **Chelsea** | **Clover** | **Dogwood** | **Gardens** | **Grove** | **Kawana** | **Lannister** | **Latte** |
| **Cash flows from operating activities:** | | | | | | | | | | |
| Net income (loss) | $(2228) | $(7344) | $(6283) | $(1070) | $(820) | $(4268) | $(4844) | $(7634) | $(8692) | $(1534) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation |  | 1998 | 2117 |  |  | 1010 | 1034 | 1893 | 610 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | 10 | 25 | 26 |  |  | 15 | 16 | 24 | 9 |  |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (1414) | (2140) | (4755) | (1283) | (1143) | (1379) | (1616) | (1518) | (1740) | (1453) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from related party | (8703) | (7936) | (11907) |  |  |  | (513) | (14363) | (7584) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 1748 | 3251 | 4572 | 2013 | 1103 | 2219 | 2487 | 3772 | 8297 | 1341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to related party | 10303 | 10066 | 15743 | 340 | 860 | 2239 | 2361 | 8258 | 8814 | 1646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (284) | (2080) | (487) | - | - | (164) | (1076) | (9568) | (286) | (0) |
| **Cash flows from financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Repayments of amounts due to related party | (86787) | (119585) | (133395) |  |  | (103457) | (87612) | (113044) | (84807) | (396579) |
| Net proceeds from the issuance of membership units | 90258 | 124968 | 136194 |  |  | 115038 | 104049 | 125760 | 94872 | 412523 |
| Distributions | (456) | (1389) | (1651) | - | - | (1278) | (526) | (2795) | (479) | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 3015 | 3994 | 1148 | - | - | 10303 | 15912 | 9921 | 9586 | 15944 |
| **Net change in cash and cash equivalents** | 2731 | 1914 | 661 |  |  | 10139 | 14836 | 353 | 9300 | 15944 |
| Cash at beginning of period | - | - | - | - | - | - | - | - | - | - |
| Cash at end of period | $2731 | $1914 | $661 | $- | $- | $10139 | $14836 | $353 | $9300 | $15944 |
| **Supplemental disclosure of cash flow information:** |  |  |  |  |  |  |  |  |  |  |
| Cash paid for income taxes | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash paid for interest | $1036 | $2775 | $2946 | $- | $- | $1801 | $1954 | $2860 | $864 | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $60871 | $89978 | $94990 | $332453 | $242125 | $85783 | $69939 | $85121 | $61731 | $367463 |
| Acquisition of property | $197371 | $292978 | $310481 | $332453 | $242125 | $222283 | $227439 | $277621 | $177231 | $367463 |
| Mortgage payable for acquisition of property | $136500 | $203000 | $215492 | $- | $- | $136500 | $157500 | $192500 | $115500 | $- |
| Offering expenses | $2147 | $3005 | $3267 | $- | $- | $2327 | $2102 | $2994 | $2067 | $8349 |
| Deemed contribution from (dividend to) Manager | $555 | $1027 | $1294 | $- | $- | $180 | $901 | $373 | $425 | $- |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Louise** | **Madison** | **Peanut** | **Rosewood** | **Stonebriar** | **Tulip** | **Wisteria** | **Chaparral** | **Cupcake** | **Lierly** |
| **Cash flows from operating activities:** | | | | | | | | | | |
| Net income (loss) | $(2810) | $(2455) | $(1872) | $(8856) | $(3277) | $(6711) | $(5664) | $(1325) | $695 | $641 |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 1263 |  | 988 | 620 | 465 | 1454 | 1359 | 2700 | 3275 | 2932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | 18 | 8 | 15 | 12 | 10 | 20 | 19 | 79 | 61 | 96 |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (1830) | (1454) | (1685) | (2012) | (1793) | (1945) | (2360) | 331 | 445 | 396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from related party |  | (4626) | (5908) | (11769) | (9448) | (7399) | (276) |  | 4007 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 2947 | 2655 | 886 | 6546 | 2293 | 3216 | 2738 | 2985 | 3316 | 3723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to related party | 11881 | 6119 | 6981 | 14202 | 10955 | 16950 | 2850 | 5107 | (380) | 3794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 11469 | 247 | (595) | (1257) | (795) | 5585 | (1334) | 9877 | 11419 | 11582 |
| **Cash flows from financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Repayments of amounts due to related party | (116697) | (127544) | (93100) | (117200) | (95422) | (137410) | (114141) |  |  |  |
| Net proceeds from the issuance of membership units | 131009 | 145233 | 98198 | 121998 | 98654 | 138749 | 129254 |  |  |  |
| Distributions | (1853) | (880) | (992) | (616) | (598) | (1822) | (783) | (5344) | (5107) | (4917) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 12459 | 16809 | 4106 | 4182 | 2634 | (483) | 14330 | (5344) | (5107) | (4917) |
| **Net change in cash and cash equivalents** | 23928 | 17056 | 3511 | 2925 | 1839 | 5102 | 12996 | 4533 | 6312 | 6665 |
| Cash at beginning of period | - | - | - | - | - | - | - | 13754 | 6540 | 15054 |
| Cash at end of period | $23928 | $17056 | $3511 | $2925 | $1839 | $5102 | $12996 | $18287 | $12852 | $21719 |
| **Supplemental disclosure of cash flow information:** |  |  |  |  |  |  |  |  |  |  |
| Cash paid for income taxes | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash paid for interest | $2322 | $804 | $1419 | $1895 | $1347 | $2928 | $2574 | $2156 | $2753 | $2710 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $95856 | $104860 | $70385 | $83722 | $69985 | $98059 | $91441 | $- | $- | $- |
| Acquisition of property | $277856 | $207360 | $217385 | $272722 | $204385 | $319959 | $298918 | $- | $- | $- |
| Mortgage payable for acquisition of property | $182000 | $102500 | $147000 | $189000 | $134400 | $221900 | $207477 | $- | $- | $- |
| Offering expenses | $2748 | $2934 | $2266 | $2908 | $2182 | $3328 | $2611 | $- | $- | $- |
| Deemed contribution from (dividend to) Manager | $332 | $489 | $194 | $399 | $309 | $293 | $1458 | $- | $- | $- |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Malbec** | **Mojave** | **Patrick** | **Pecan** | **Pinot** | **Plumtree** | **Salem** | **Soapstone** | **Splash** | **Tuscan** |
| **Cash flows from operating activities:** | | | | | | | | | | |
| Net income (loss) | $111 | $181 | $(1743) | $551 | $122 | $484 | $(531) | $23 | $419 | $270 |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 4388 | 3525 | 2886 | 2863 | 4429 | 2768 | 4387 | 3000 | 2978 | 4439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | 67 | 66 | 33 | 34 | 71 | 82 | 68 | 96 | 12 | 14 |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (413) | (300) | 369 | 353 | (290) | 358 | (290) | 415 | 439 | 613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from related party |  | 4271 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 3158 | 3484 | 3309 | 3535 | 3177 | 5558 | 3086 | 3625 | 3025 | 4969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to related party | 5071 | (782) | 4230 | 3106 | 5101 | 3097 | 4951 | 3696 | 3894 | 3597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 12382 | 10445 | 9084 | 10442 | 12610 | 12347 | 11671 | 10855 | 10767 | 13902 |
| **Cash flows from financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Repayments of amounts due to related party |  |  |  |  |  |  |  |  |  |  |
| Net proceeds from the issuance of membership units |  |  |  |  |  |  |  |  |  |  |
| Distributions | (6479) | (5449) | (4976) | (5025) | (6534) | (6202) | (6782) | (4701) | (5260) | (8270) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (6479) | (5449) | (4976) | (5025) | (6534) | (6202) | (6782) | (4701) | (5260) | (8270) |
| **Net change in cash and cash equivalents** | 5903 | 4996 | 4108 | 5417 | 6076 | 6145 | 4889 | 6154 | 5507 | 5632 |
| Cash at beginning of period | 13709 | 6496 | 10913 | 16203 | 14131 | 18569 | 13926 | 12913 | 12537 | 15689 |
| Cash at end of period | $19612 | $11492 | $15021 | $21620 | $20207 | $24714 | $18815 | $19067 | $18044 | $21321 |
| **Supplemental disclosure of cash flow information:** |  |  |  |  |  |  |  |  |  |  |
| Cash paid for income taxes | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash paid for interest | $4824 | $2947 | $2238 | $2332 | $4874 | $2297 | $4915 | $2650 | $2531 | $3751 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Mortgage payable for acquisition of property | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Offering expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deemed contribution from (dividend to) Manager | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Walton** | **Wentworth** | **Bandelier** | **Diablo** | **Rooney** | **Saint** | **Scepter** | **Terracotta** | **Baron** | **Burlington** |
| **Cash flows from operating activities:** | | | | | | | | | | |
| Net income (loss) | $(1625) | $18 | $(11788) | $(13632) | $(18401) | $(833) | $(8508) | $(6929) | $1136 | $2085 |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation |  | 3417 | 4170 | 3571 | 4422 | 2536 | 3238 | 1262 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization |  | 61 | 43 | 38 | 45 | 33 | 36 | 27 |  |  |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  | (1995) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (1250) | 897 | (1458) | (858) | (728) | (3252) | (1070) | (3388) | (13) | (2709) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from related party |  | 4143 |  | (10874) |  |  |  | (4308) |  | (4655) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 2413 | 3446 | 3777 | 11385 | 3794 | 3452 | 2908 | 3433 | 6024 | 6419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to related party | 462 | (379) | 3526 | 13760 | 3771 | 7065 | 3412 | 8038 | (3882) | 2579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | - | 11603 | (1730) | 3390 | (7097) | 7006 | 16 | (1865) | 3265 | 3719 |
| **Cash flows from financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Repayments of amounts due to related party |  |  | (129750) | (128520) | (137700) | (130508) | (103500) | (120996) | (615172) | (705121) |
| Net proceeds from the issuance of membership units |  |  | 146233 | 127710 | 154806 | 146431 | 116394 | 138224 | 646450 | 736332 |
| Distributions | - | (6269) | (2954) | (2580) | (3440) | (2514) | (2351) | (1536) | (3265) | (3719) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | - | (6269) | 13529 | (3390) | 13666 | 13408 | 10543 | 15692 | 28013 | 27492 |
| **Net change in cash and cash equivalents** |  | 5334 | 11799 |  | 6569 | 20414 | 10559 | 13827 | 31278 | 31211 |
| Cash at beginning of period | - | 6607 | - | - | 101 | - | - | - | - | - |
| Cash at end of period | $- | $11941 | $11799 | $- | $6670 | $20414 | $10559 | $13827 | $31278 | $31211 |
| **Supplemental disclosure of cash flow information:** |  |  |  |  |  |  |  |  |  |  |
| Cash paid for income taxes | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash paid for interest | $508 | $3068 | $4746 | $4029 | $5018 | $3879 | $3662 | $3474 | $- | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $75167 | $- | $- | $- | $- | $108791 | $- | $97798 | $582719 | $653831 |
| Acquisition of property | $302367 | $- | $- | $- | $- | $320783 | $- | $320398 | $582719 | $653831 |
| Mortgage payable for acquisition of property | $227200 | $- | $- | $- | $- | $211992 | $- | $222600 | $- | $- |
| Offering expenses | $- | $- | $2950 | $2890 | $3130 | $2958 | $2360 | $2796 | $13062 | $14881 |
| Deemed contribution from (dividend to) Manager | $- | $- | $- | $- | $- | $(150) | $- | $6599 | $(2500) | $(3500) |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Ensenada** | **Jake** | **Lily** | **McLovin** | **Nugget** | **Odessa** | **Oly** | **Pioneer** | **Ritter** | **Saddlebred** |
| **Cash flows from operating activities:** | | | | | | | | | | |
| Net income (loss) | $(10495) | $(1899) | $(21114) | $(13421) | $(1484) | $(17345) | $(7047) | $(3123) | $(608) | $(43296) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 6666 |  | 6920 | 6219 |  | 7332 | 6267 | 1307 |  | 7642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | 62 |  | 51 | 58 |  | 59 | 59 |  |  | 54 |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  | (2895) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (1364) | (2334) | (2763) | (5858) | (141) | (1914) | (2250) | (227) | (2051) | (1722) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from related party |  | (2139) |  |  | (2233) |  |  |  | (876) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 4800 | 3817 | 6035 | 4335 | 6428 | 5464 | 5315 | 2693 | 2147 | 4719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to related party | 6067 | 2555 | 4101 | 5089 | 623 | 5472 | 8086 | (650) | 1388 | 22882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 5736 | - | (6770) | (3578) | 3193 | (932) | 7535 | - | - | (9721) |
| **Cash flows from financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Repayments of amounts due to related party | (205020) | (640306) | (185540) | (191830) | (606642) | (195480) | (192990) | (620666) | (548916) | (173860) |
| Net proceeds from the issuance of membership units | 229373 | 657172 | 239624 | 217691 | 632125 | 216686 | 216226 | 648480 | 574972 | 195847 |
| Distributions | (5097) | - | (5342) | (4838) | (3193) | (4821) | (4805) | - | - | (4358) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 19256 | 16866 | 48743 | 21024 | 22290 | 16385 | 18431 | 27814 | 26056 | 17629 |
| **Net change in cash and cash equivalents** | 24992 | 16866 | 41973 | 17446 | 25483 | 15453 | 25966 | 27814 | 26056 | 7908 |
| Cash at beginning of period | - | - | - | - | - | - | - | - | - | - |
| Cash at end of period | $24992 | $16866 | $41973 | $17446 | $25483 | $15453 | $25966 | $27814 | $26056 | $7908 |
| **Supplemental disclosure of cash flow information:** |  |  |  |  |  |  |  |  |  |  |
| Cash paid for income taxes | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash paid for interest | $7594 | $- | $6036 | $7121 | $- | $7256 | $7133 | $- | $- | $6442 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $593485 | $- | $- | $564188 | $- | $- | $590263 | $508362 | $- |
| Acquisition of property | $- | $593485 | $- | $- | $564188 | $- | $- | $590263 | $508362 | $- |
| Mortgage payable for acquisition of property | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Offering expenses | $4640 | $13526 | $4880 | $4400 | $12782 | $4410 | $4380 | $13116 | $11616 | $3970 |
| Deemed contribution from (dividend to) Manager | $- | $- | $- | $- | $- | $- | $- | $- | $(1000) | $- |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Delta** | **Emporia** | **Grant** | **Heritage** | **Holcomb** | **Kennesaw** | **Lanier** | **Lovejoy** | **Magnolia** | **Mammoth** |
| **Cash flows from operating activities:** | | | | | | | | | | |
| Net income (loss) | $(10646) | $(7569) | $(10967) | $(5618) | $(2171) | $(2146) | $(5068) | $(9238) | $(4109) | $(6166) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 3099 | 3188 | 4451 | 667 |  | 973 | 866 | 2005 | 575 | 1562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | 34 | 36 | 45 | 13 |  |  | 15 | 25 | 24 | 21 |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | (3535) | (4590) |  | (534) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (2861) | (4043) | (1438) | (3134) | (2200) | (1885) | (3444) | (2968) | (2201) | (1866) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from related party |  | (5664) |  | (5476) |  | (240) |  | (3929) | (10319) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 5697 | 4454 | 4474 | 3721 | 3104 | 1976 | 2642 | 5531 | 2565 | 2078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to related party | (11320) | 12728 | 4072 | 8768 | 607 | 1323 | 3430 | 8532 | 11899 | 2823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (19532) | (1460) | 637 | (1593) | (660) | 1 | (1559) | (42) | (1566) | (1548) |
| **Cash flows from financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Repayments of amounts due to related party | (108020) | (139789) | (139500) | (116762) | (383110) | (461384) | (140251) | (117250) | (108430) | (126617) |
| Net proceeds from the issuance of membership units | 143629 | 151054 | 161469 | 126176 | 405425 | 479309 | 166389 | 126977 | 113622 | 147371 |
| Distributions | (2902) | (3052) | (3914) | (637) | - | - | (840) | (2565) | (574) | (744) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 32708 | 8214 | 18055 | 8776 | 22315 | 17925 | 25298 | 7162 | 4618 | 20010 |
| **Net change in cash and cash equivalents** | 13176 | 6754 | 18692 | 7183 | 21655 | 17925 | 23739 | 7120 | 3052 | 18462 |
| Cash at beginning of period | - | - | - | - | - | - | - | - | - | - |
| Cash at end of period | $13176 | $6754 | $18692 | $7183 | $21655 | $17925 | $23739 | $7120 | $3052 | $18462 |
| **Supplemental disclosure of cash flow information:** |  |  |  |  |  |  |  |  |  |  |
| Cash paid for income taxes | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash paid for interest | $3857 | $4088 | $5017 | $2116 | $- | $- | $2925 | $3761 | $1777 | $2889 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $116854 | $109415 | $- | $90356 | $357651 | $428008 | $116975 | $91484 | $77920 | $105608 |
| Acquisition of property | $343654 | $354415 | $- | $293356 | $357651 | $428008 | $380875 | $296584 | $252920 | $343608 |
| Mortgage payable for acquisition of property | $226800 | $245000 | $- | $203000 | $- | $- | $263900 | $205100 | $175000 | $238000 |
| Offering expenses | $2910 | $3629 | $3285 | $3022 | $8190 | $9764 | $3361 | $3050 | $2708 | $2977 |
| Deemed contribution from (dividend to) Manager | $4513 | $6066 | $- | $3127 | $- | $- | $886 | $3802 | $1777 | $1568 |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Otoro** | **Reynolds** | **Swift** | **Wave** | **Amber** | **Centennial** | **Collinston** | **Davidson** | **Holland** | **Jupiter** |
| **Cash flows from operating activities:** | | | | | | | | | | |
| Net income (loss) | $(10379) | $(1427) | $(3651) | $(5562) | $(9208) | $(3069) | $(15327) | $(11312) | $(16347) | $(12421) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 1953 |  | 787 | 2307 | 4208 | 3918 | 2906 | 2909 | 2909 | 2906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | 23 |  |  | 27 | 38 | 44 | 30 | 31 | 31 | 30 |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  | (779) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (3906) | (1848) |  | (3011) | (1583) | (1099) | (447) | (640) | (598) | (1254) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from related party | (4518) | (579) | (925) |  |  | 1595 |  |  | (3556) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 4142 | 2547 | 4795 | 3372 | 2908 | 2066 | 3110 | 2488 | 7056 | 1804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to related party | 10772 | 1308 | 1764 | 2530 | 2159 | 3728 | 8126 | 5244 | 8455 | 6480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (1913) | 1 | 2770 | (1116) | (1478) | 7183 | (1602) | (1280) | (2050) | (2455) |
| **Cash flows from financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Repayments of amounts due to related party | (157124) | (466695) | (373703) | (124337) | (131580) |  | (92180) | (81750) | (92470) | (94240) |
| Net proceeds from the issuance of membership units | 169943 | 485843 | 391674 | 141699 | 143575 |  | 101539 | 91516 | 102128 | 104178 |
| Distributions | (2060) | - | (2769) | (2863) | (2615) | (4259) | (1851) | (1664) | (1857) | (1894) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 10759 | 19148 | 15201 | 14499 | 9380 | (4259) | 7509 | 8102 | 7802 | 8044 |
| **Net change in cash and cash equivalents** | 8846 | 19148 | 17971 | 13383 | 7902 | 2924 | 5907 | 6822 | 5752 | 5589 |
| Cash at beginning of period | - | - | - | - | 122 | 9856 | - | - | 1110 | - |
| Cash at end of period | $8846 | $19148 | $17971 | $13383 | $8024 | $12780 | $5907 | $6822 | $6862 | $5589 |
| **Supplemental disclosure of cash flow information:** |  |  |  |  |  |  |  |  |  |  |
| Cash paid for income taxes | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash paid for interest | $2984 | $- | $- | $3327 | $4136 | $4394 | $2644 | $2848 | $2848 | $3232 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $121371 | $433033 | $346375 | $113362 | $- | $- | $- | $- | $- | $- |
| Acquisition of property | $395771 | $433033 | $346375 | $337362 | $- | $- | $- | $- | $- | $- |
| Mortgage payable for acquisition of property | $274400 | $- | $- | $224000 | $- | $- | $- | $- | $- | $- |
| Offering expenses | $4084 | $9855 | $7913 | $2867 | $2930 | $- | $2060 | $1850 | $2070 | $2110 |
| Deemed contribution from (dividend to) Manager | $965 | $- | $870 | $2774 | $- | $- | $- | $- | $- | $- |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **KerriAnn** | **Meadow** | **Ribbonwalk** | **Saturn** | **Sigma** | **Weldon** | **Badminton** | **Basil** | **Bayside** | **Bazzel** |
| **Cash flows from operating activities:** | | | | | | | | | | |
| Net income (loss) | $(13430) | $(10657) | $(15484) | $(8382) | $(19987) | $(11415) | $850 | $487 | $1023 | $(1338) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 4686 | 4410 | 4395 | 3200 | 5327 | 2906 | 3505 | 2777 | 3525 | 568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | 44 | 39 | 41 | 30 | 46 | 30 | 42 | 34 | 40 |  |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (1254) | (1044) | 251 | (456) | (2396) | 1112 | (2683) | (287) | (977) | (1261) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from related party |  | (5990) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 5126 | 3341 | 6312 | 1372 | 33373 | 1855 | 4694 | 768 | 3256 | 1357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to related party | 4944 | 8347 | 3075 | 1979 | 10447 | 5374 | 3957 | 4466 | 2633 | 674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 116 | (1554) | (1410) | (2257) | 26810 | (138) | 10365 | 8245 | 9500 | - |
| **Cash flows from financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Repayments of amounts due to related party | (127220) | (143670) | (120650) | (94250) | (144570) | (92180) |  |  | (111350) |  |
| Net proceeds from the issuance of membership units | 144590 | 156771 | 137452 | 103990 | 161320 | 102039 |  |  | 121820 |  |
| Distributions | (2921) | (2855) | (2499) | (1891) | (3269) | (1855) | (4479) | (3730) | (3199) | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 14449 | 10246 | 14302 | 7849 | 13481 | 8004 | (4479) | (3730) | 7270 | - |
| **Net change in cash and cash equivalents** | 14564 | 8692 | 12892 | 5592 | 40291 | 7866 | 5886 | 4515 | 16770 |  |
| Cash at beginning of period | 209 | - | - | 77 | - | - | 10370 | 7938 | 3337 | - |
| Cash at end of period | $14773 | $8692 | $12892 | $5669 | $40291 | $7866 | $16256 | $12453 | $20107 | $- |
| **Supplemental disclosure of cash flow information:** |  |  |  |  |  |  |  |  |  |  |
| Cash paid for income taxes | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash paid for interest | $4611 | $4164 | $4339 | $3232 | $4394 | $2644 | $4028 | $3044 | $3833 | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $- | $- | $- | $- | $91863 | $269468 |
| Acquisition of property | $- | $- | $- | $- | $- | $- | $- | $- | $257613 | $269468 |
| Mortgage payable for acquisition of property | $- | $- | $- | $- | $- | $- | $- | $- | $165750 | $- |
| Offering expenses | $2930 | $3180 | $2780 | $2110 | $3280 | $2060 | $- | $- | $2460 | $- |
| Deemed contribution from (dividend to) Manager | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Bedford** | **Butter** | **Coatbridge** | **Dawson** | **Dewberry** | **Dolittle** | **Dorchester** | **Eastfair** | **Elevation** | **Elm** |
| **Cash flows from operating activities:** | | | | | | | | | | |
| Net income (loss) | $(4568) | $(15428) | $1439 | $(2921) | $(1215) | $(6180) | $(1558) | $1044 | $(629) | $2274 |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 1924 | 5190 | 3730 | 3114 | 2613 | 4221 | 788 | 2956 | 3657 | 2300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | 25 | 45 | 42 | 37 | 33 | 38 |  | 38 | 34 | 26 |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  |  | (2614) | (339) | (2140) |  |  |  | 520 | (595) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (2028) | (1911) | (1475) | (566) | (438) | (613) | (1573) | (411) | (2184) | (772) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from related party |  |  |  |  | 1305 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 2209 | 5662 | 3435 | 2652 | 2192 | 3107 | 1829 | 1044 | 4383 | 1873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to related party | 2802 | 4362 | 3709 | 1952 | 1031 | 3297 | 514 | 3824 | 1833 | 1860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 364 | (2080) | 8266 | 3929 | 3381 | 3870 | - | 8495 | 7614 | 6966 |
| **Cash flows from financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Repayments of amounts due to related party | (106433) | (141040) | (117610) | (98950) |  | (117160) |  |  | (114290) | (72810) |
| Net proceeds from the issuance of membership units | 121938 | 159459 | 129690 | 108643 |  | 132353 |  |  | 124453 | 81279 |
| Distributions | (1355) | (4188) | (3406) | (2853) | (3790) | (3209) | - | (3521) | (3268) | (2135) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 14150 | 14231 | 8674 | 6839 | (3790) | 11985 | - | (3521) | 6894 | 6334 |
| **Net change in cash and cash equivalents** | 14514 | 12151 | 16940 | 10768 | (409) | 15855 |  | 4974 | 14508 | 13300 |
| Cash at beginning of period | - | - | 1460 | 4852 | 5617 | - | - | 10835 | 776 | 477 |
| Cash at end of period | $14514 | $12151 | $18400 | $15620 | $5208 | $15855 | $- | $15809 | $15284 | $13777 |
| **Supplemental disclosure of cash flow information:** |  |  |  |  |  |  |  |  |  |  |
| Cash paid for income taxes | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash paid for interest | $2552 | $5085 | $4058 | $3382 | $2803 | $4022 | $- | $3468 | $3983 | $2480 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $86138 | $118132 | $97145 | $81298 | $- | $- | $346640 | $- | $- | $- |
| Acquisition of property | $282138 | $380558 | $272645 | $227548 | $- | $- | $346640 | $- | $- | $- |
| Mortgage payable for acquisition of property | $196000 | $262426 | $175500 | $146250 | $- | $- | $- | $- | $- | $- |
| Offering expenses | $2463 | $3220 | $2620 | $2200 | $- | $2680 | $- | $- | $2520 | $1640 |
| Deemed contribution from (dividend to) Manager | $1023 | $- | $- | $- | $- | $- | $- | $- | $- | $- |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Folly** | **Forest** | **Greenhill** | **Hadden** | **Heron** | **Holloway** | **Kingsley** | **Lallie** | **Lennox** | **Limestone** |
| **Cash flows from operating activities:** | | | | | | | | | | |
| Net income (loss) | $(2263) | $407 | $(4086) | $(9068) | $(4157) | $481 | $(317) | $517 | $934 | $(4342) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 713 | 4823 | 3006 | 2036 | 657 | 4672 | 4290 | 5115 | 2978 | 4023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization |  | 41 | 34 | 25 | 13 | 49 | 48 | 53 | 36 | 38 |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  | (405) | (440) |  |  | (1881) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (1701) | (789) | (3493) | (1322) | (1774) | (709) | (1537) | (2759) | 489 | 892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from related party |  |  |  | (917) | (16985) |  | 41 |  |  | (8923) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 1430 | 2005 | 3384 | 5601 | 1894 | 1110 | (752) | 2339 | 2453 | 3280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to related party | 1821 | 3075 | 3413 | 2862 | 19054 | 7329 | 8147 | 5812 | 1995 | 11528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | - | 9562 | 2258 | (783) | (1298) | 12527 | 9480 | 11077 | 8885 | 4615 |
| **Cash flows from financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Repayments of amounts due to related party |  | (147400) | (124400) | (95579) | (127527) |  |  |  | (94830) | (124390) |
| Net proceeds from the issuance of membership units |  | 161068 | 139105 | 109524 | 130848 |  |  |  | 104871 | 136897 |
| Distributions | - | (4237) | (3091) | (1549) | (661) | (5762) | (5194) | (6604) | (2754) | (3595) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | - | 9431 | 11614 | 12396 | 2660 | (5762) | (5194) | (6604) | 7287 | 8912 |
| **Net change in cash and cash equivalents** |  | 18993 | 13872 | 11613 | 1362 | 6765 | 4286 | 4473 | 16172 | 13527 |
| Cash at beginning of period | - | - | - | - | - | 11032 | 12813 | 14420 | 4431 | - |
| Cash at end of period | $- | $18993 | $13872 | $11613 | $1362 | $17797 | $17099 | $18893 | $20603 | $13527 |
| **Supplemental disclosure of cash flow information:** |  |  |  |  |  |  |  |  |  |  |
| Cash paid for income taxes | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash paid for interest | $- | $5261 | $4193 | $2333 | $1855 | $5111 | $4972 | $5561 | $3231 | $3652 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $313570 | $- | $101074 | $78447 | $88287 | $- | $- | $- | $- | $- |
| Acquisition of property | $313570 | $- | $328858 | $221947 | $289187 | $- | $- | $- | $- | $- |
| Mortgage payable for acquisition of property | $- | $- | $227784 | $143500 | $200900 | $- | $- | $- | $- | $- |
| Offering expenses | $- | $3260 | $2810 | $2219 | $3097 | $- | $- | $- | $2120 | $2770 |
| Deemed contribution from (dividend to) Manager | $- | $- | $3024 | $1865 | $538 | $- | $- | $- | $- | $- |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Luna** | **Matchingham** | **Murphy** | **Olive** | **Osprey** | **Ridge** | **River** | **Roseberry** | **Shoreline** | **Spencer** |
| **Cash flows from operating activities:** | | | | | | | | | | |
| Net income (loss) | $437 | $549 | $(3996) | $1521 | $(2242) | $426 | $228 | $(153) | $(396) | $(360) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 2956 | 2913 | 4085 | 3184 |  | 2992 | 3662 | 4513 | 4260 | 4157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | 38 | 31 | 38 | 34 |  | 36 | 34 | 39 | 48 | 45 |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  | (179) |  |  |  | (1645) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (423) | 492 | (1000) | (1101) | (1493) | (595) | (337) | 2396 | (287) | (818) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from related party | 981 |  |  |  | (1767) |  |  |  | 1428 | 802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 940 | 2773 | 3069 | 1098 | (2873) | 2571 | 3117 | 3832 | 1335 | 1834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to related party | 3098 | 2943 | 3240 | 4777 | 8375 | 5366 | 2404 | 3832 | 3981 | 4556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 8027 | 9701 | 5436 | 9334 | (0) | 10796 | 9108 | 12814 | 10369 | 10216 |
| **Cash flows from financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Repayments of amounts due to related party |  | (82380) | (114190) | (124840) | (381422) | (95210) | (115070) |  |  |  |
| Net proceeds from the issuance of membership units |  | 94278 | 129274 | 135749 | 398762 | 103950 | 126274 |  |  |  |
| Distributions | (3700) | (2476) | (3134) | (3565) | - | (2730) | (3318) | (5706) | (4850) | (5406) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | (3700) | 9422 | 11950 | 7344 | 17340 | 6010 | 7886 | (5706) | (4850) | (5406) |
| **Net change in cash and cash equivalents** | 4327 | 19123 | 17386 | 16678 | 17340 | 16806 | 16994 | 7108 | 5519 | 4810 |
| Cash at beginning of period | 9299 | 86 | - | - | - | 677 | 2390 | 2749 | 8882 | 10725 |
| Cash at end of period | $13626 | $19209 | $17386 | $16678 | $17340 | $17483 | $19384 | $9857 | $14401 | $15535 |
| **Supplemental disclosure of cash flow information:** |  |  |  |  |  |  |  |  |  |  |
| Cash paid for income taxes | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash paid for interest | $3468 | $2836 | $4016 | $2916 | $- | $3247 | $3983 | $4885 | $4900 | $4509 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $- | $- | $352002 | $- | $- | $- | $- | $- |
| Acquisition of property | $- | $- | $- | $- | $352002 | $- | $- | $- | $- | $- |
| Mortgage payable for acquisition of property | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Offering expenses | $- | $1900 | $2610 | $2750 | $8092 | $2110 | $2550 | $- | $- | $- |
| Deemed contribution from (dividend to) Manager | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Sugar** | **Summerset** | **Tuxford** | **Vernon** | **Westchester** | **Windsor** | **100** | **101** | **Abbington** | **Collier** |
| **Cash flows from operating activities:** |  |  |  |  |  |  |  |  |  |  |
| Net income (loss) | $(3378) | $(448) | $(11199) | $(10861) | $294 | $467 | $(7343) | $(1805) | $(1644) | $(770) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 4279 | 3505 | 1801 | 3619 | 4687 | 4809 | 1407 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | 46 | 40 | 23 | 35 | 46 | 50 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  | (390) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (632) | (633) | (8492) | (1094) | (1441) | 1837 |  | (2342) |  | (1388) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from related party |  |  | (1875) |  |  |  | (3752) | (1814) | (4695) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 2907 | 2343 | (5611) | 3060 | 4416 | 3459 | (12424) | (2491) | (5709) | (1263) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to related party | 2330 | 4018 | 17091 | 4200 | 3527 | 4937 | 29583 | 8452 | 18081 | 3421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 5552 | 8435 | (8262) | (1041) | 11529 | 15559 | 7471 | (0) | 6033 | - |
| **Cash flows from financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Repayments of amounts due to related party | (131810) |  | (108090) | (101380) | (166300) |  | (669676) | (690379) | (522501) |  |
| Net proceeds from the issuance of membership units | 145589 |  | 119434 | 114929 | 179309 |  | 698445 | 712562 | 548114 |  |
| Distributions | (2941) | (4632) | (2654) | (3018) | (4722) | (6113) | (4233) | - | (2768) | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 10838 | (4632) | 8690 | 10531 | 8286 | (6113) | 24536 | 22183 | 22844 | - |
| **Net change in cash and cash equivalents** | 16390 | 3803 | 428 | 9490 | 19815 | 9446 | 32007 | 22183 | 28877 |  |
| Cash at beginning of period | 3105 | 8216 | - | - | 1483 | 12404 | - | - | - | - |
| Cash at end of period | $19495 | $12019 | $428 | $9490 | $21298 | $21850 | $32007 | $22183 | $28877 | $- |
| **Supplemental disclosure of cash flow information:** |  |  |  |  |  |  |  |  |  |  |
| Cash paid for income taxes | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash paid for interest | $4660 | $3833 | $2690 | $3523 | $4599 | $5261 | $- | $- | $- | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $- | $- | $85606 | $- | $- | $- | $619296 | $639380 | $482364 | $357769 |
| Acquisition of property | $- | $- | $264106 | $- | $- | $- | $619296 | $639380 | $482364 | $357769 |
| Mortgage payable for acquisition of property | $- | $- | $178500 | $- | $- | $- | $- | $- | $- | $- |
| Offering expenses | $2940 | $- | $2750 | $2330 | $3640 | $- | $14116 | $14529 | $11081 | $- |
| Deemed contribution from (dividend to) Manager | $- | $- | $549 | $- | $- | $- | $450 | $- | $2752 | $- |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Dunbar** | **Hines** | **Hollandaise** | **Jack** | **Johnny** | **June** | **Kirkwood** | **Lookout** | **McGregor** | **Pearl** |
| **Cash flows from operating activities:** | | | | | | | | | | |
| Net income (loss) | $(1470) | $(1724) | $(9523) | $(9450) | $(5325) | $(5378) | $(4545) | $(1193) | $(4318) | $1667 |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation |  |  | 2514 | 1900 | 1341 | 1341 | 599 |  | 689 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization |  |  | 30 | 24 |  |  | 12 |  |  |  |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (1366) | (1019) | (2462) | (4083) | (2131) | (2131) | (2332) | (1254) |  | (2263) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from related party |  | (1596) | (7122) | (9450) |  |  | (11213) |  | (3454) | (1510) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | (1606) | (2099) | (2971) | (3162) | (1246) | (1415) | (2538) | (1529) | (4919) | (6589) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to related party | 4442 | 6438 | 9008 | 34256 | 7361 | 7583 | 18270 | 3977 | 13228 | 16396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 0 | (0) | (10526) | 10035 | (0) | 0 | (1747) | 1 | 1226 | 7701 |
| **Cash flows from financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Repayments of amounts due to related party | (200000) | (279041) | (139282) | (183404) |  |  | (112490) | (200000) | (328935) | (593964) |
| Net proceeds from the issuance of membership units | 238125 | 292317 | 162766 | 181655 | 601306 | 659380 | 115305 | 240026 | 350143 | 618522 |
| Distributions | - | - | (1480) | (1651) | - | - | (582) | - | (2122) | (3124) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 38125 | 13276 | 22004 | (3400) | 601306 | 659380 | 2233 | 40026 | 19087 | 21434 |
| **Net change in cash and cash equivalents** | 38125 | 13276 | 11478 | 6635 | 601306 | 659380 | 486 | 40026 | 20313 | 29135 |
| Cash at beginning of period | - | - | - | - | - | - | - | - | - | - |
| Cash at end of period | $38125 | $13276 | $11478 | $6635 | $601306 | $659380 | $486 | $40026 | $20313 | $29135 |
| **Supplemental disclosure of cash flow information:** |  |  |  |  |  |  |  |  |  |  |
| Cash paid for income taxes | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash paid for interest | $- | $- | $3554 | $3555 | $2367 | $2367 | $1681 | $- | $- | $- |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $324859 | $257400 | $113236 | $128290 | $126889 | $126889 | $81419 | $347707 | $303005 | $549882 |
| Acquisition of property | $324859 | $257400 | $368736 | $417918 | $590089 | $590089 | $263419 | $347707 | $303005 | $549882 |
| Mortgage payable for acquisition of property | $- | $- | $255500 | $289629 | $463200 | $463200 | $182000 | $- | $- | $- |
| Offering expenses | $7467 | $5931 | $3292 | $4354 | $13358 | $13358 | $2761 | $7984 | $7075 | $12514 |
| Deemed contribution from (dividend to) Manager | $300 | $- | $8681 | $1506 | $- | $- | $690 | $- | $475 | $- |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Point** | **Riverwalk** | **Roxy** | **Wescott** | **Wildwood** | **Consolidated** |
| **Cash flows from operating activities:** | | | | | | |
| Net income (loss) | $(5876) | $(1914) | $(5447) | $(1446) | $(3282) | $(635040) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 875 | 905 | 747 |  | 505 | 332889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | 15 |  | 13 | 10 | 16 | 3803 |
| &nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  |  |  |  |  | (24436) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (4003) | (1517) | (2546) | (2893) | (2328) | (187321) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due from related party | (296) |  |  | (5831) |  | (219340) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | (3446) | (1720) | (2067) | (2635) | (2050) | 341343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to related party | 11526 | 4246 | 6910 | 13691 | 5631 | 799729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (1205) | - | (2390) | 896 | (1508) | 411630 |
| **Cash flows from financing activities:** |  |  |  |  |  |  |
| Repayments of amounts due to related party | (146511) |  | (125013) | (169883) | (130628) | (19243196) |
| Net proceeds from the issuance of membership units | 168359 |  | 142194 | 177388 | 148886 | 22032198 |
| Distributions | (850) | - | (718) | (896) | (752) | (355319) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 20998 | - | 16463 | 6609 | 17506 | 2433683 |
| **Net change in cash and cash equivalents** | 19793 |  | 14073 | 7505 | 15998 | 2845313 |
| Cash at beginning of period | - | - | - | - | - | 336890 |
| Cash at end of period | $19793 | $- | $14073 | $7505 | $15998 | $3182203 |
| **Supplemental disclosure of cash flow information:** |  |  |  |  |  |  |
| Cash paid for income taxes | $- | $- | $- | $- | $- | $- |
| Cash paid for interest | $3039 | $- | $2444 | $454 | $1110 | $373500 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |
| Advance from related party for acquisition of property | $117247 | $398005 | $107969 | $139868 | $112303 | $15831218 |
| Acquisition of property | $384997 | $398005 | $328469 | $276118 | $222303 | $24974116 |
| Mortgage payable for acquisition of property | $267750 | $- | $220500 | $136250 | $110000 | $9142898 |
| Offering expenses | $3401 | $- | $2873 | $4033 | $3008 | $461842 |
| Deemed contribution from (dividend to) Manager | $1669 | $- | $1148 | $454 | $741 | $59891 |

---

See the accompanying to these consolidated and consolidating financial statements.

**ARRIVED HOMES, LLC**

**UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS**

**FOR THE SIX MONTHS ENDED JUNE 30, 2021 (UNAUDITED)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Series**<br> **Soapstone** | **Series**<br> **Lierly** | **Series**<br> **Pecan** | **Series**<br> **Patrick** | **Series**<br> **Plumtree** | **Series**<br> **Chaparral** |<br> **Consolidated** |
| **Cash flows from operating activities:** | | | | | | | |
| Net income | $380 | $152 | $412 | $467 | $577 | $763 | $2751 |
| &nbsp;&nbsp;&nbsp; Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation | 1500 | 1466 | 1431 | 1443 | 1384 | 1350 | 8574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization | 48 | 48 | 17 | 17 | 41 | 39 | 210 |
| &nbsp;&nbsp;&nbsp; Changes in operating assets and liabilities: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses | (983) | (935) | (836) | (840) | (846) | (784) | (5224) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from related party | (6387) | (6133) |  |  | (241) |  | (12761) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses | 4046 | 3917 | 2625 | 2294 | 2448 | 734 | 16065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due to related party | (1) | - | 2391 | 1808 | (1) | 1274 | 5473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash provided by (used in) operating activities | (1396) | (1485) | 6040 | 5191 | 3363 | 3377 | 15087 |
| **Cash flows from financing activities:** |  |  |  |  |  |  |  |
| Net proceeds from loans | 126334 | 129177 | 112449 | 106569 | 109506 | 102732 | 686767 |
| Repayments of related party notes | (220000) | (215000) | (208495) | (210205) | (202950) | (197965) | (1254615) |
| Net proceeds from the issuance of membership units | 99020 | 93614 | 105841 | 112751 | 107821 | 103742 | 622789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash provided by financing activities | 5354 | 7791 | 9795 | 9115 | 14377 | 8509 | 54941 |
| **Net change in cash and cash equivalents** | 3958 | 6305 | 15834 | 14305 | 17740 | 11887 | 70029 |
| Cash at beginning of period | - | - | - | - | - | - | - |
| Cash at end of period | $3958 | $6305 | $15834 | $14305 | $17740 | $11887 | $70029 |
| **Supplemental disclosure of cash flow information:** |  |  |  |  |  |  |  |
| Cash paid for income taxes | $- | $- | $- | $- | $- | $- | $- |
| Cash paid for interest | $442 | $452 | $389 | $373 | $383 | $359 | $2397 |
| **Supplemental disclosure of non-cash investing and financing activities:** |  |  |  |  |  |  |  |
| Purchase of property and equipment with related party notes payable | $220000 | $215000 | $208495 | $210205 | $202950 | $197965 | $1254615 |
| Capitalized title fees | $- | $- | $1067 | $1066 | $- | $- | $2133 |
| Security deposits | $1600 | $- | $1450 | $1500 | $1450 | $1450 | $7450 |
| Offering expenses | $2000 | $1891 | $2138 | $2278 | $2178 | $2096 | $12582 |
| Distributions | $1300 | $1324 | $1497 | $1701 | $1743 | $1677 | $9241 |

---

See the accompanying notes to these consolidated and consolidating financial statements.

**ARRIVED HOMES, LLC AND ITS SERIES**

**NOTES TO THE UNAUDITED CONSOLIDATED AND CONSOLIDATING FINANCIAL STATEMENTS**

**NOTE 1: NATURE OF OPERATIONS** 

Arrived Homes, LLC, a Delaware series limited liability company, was formed in July 2020 to permit public investment in specific single-family rental homes. We believe people should have the freedom to move to pursue new opportunities in their lives while still having access to the wealth creation that long-term home ownership and real estate investment can provide. To support this idea, we are building what we believe to be a new model for home ownership and real estate investment that doesn't lock people into a single home or city. We believe in passive income, conservative debt, freedom to move, diversification, and aligned incentives.

Arrived is a marketplace for investing in homes. We buy single family homes, lease them, 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, they can invest in real estate without needing to apply for mortgages or take on personal debt, and they can move to new homes or cities and continue holding their Arrived investments without having to worry about selling homes they're invested in.

Arrived does all of the work of sourcing, analyzing, maintaining, and managing all of the homes that we acquire. We analyze every home 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 rents the homes we acquire to tenants who can also invest through the same process as any other member of the Arrived Homes platform, becoming part owners of the homes they're living in at that time. By investing together, we align incentives towards creating value for everyone.

Each series listed in the Series Offering Table was formed for the sole purpose of purchasing a single-family rental property.

**SERIES OFFERING TABLE**

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| | | | |
|:---|:---|:---|:---|
| **Series Name** | **State LLC Name and wholly owned subsidiary of the Series** | **Date Formed** | **Acquisition Date** |
| Arrived Homes Series 100 | Arrived TN 100, LLC | 3/10/2022 | 4/29/2022 |
| Arrived Homes Series 101 | Arrived TN 101, LLC | 5/11/2022 | 5/31/2022 |
| Arrived Homes Series Abbington | Arrived TN Abbington, LLC | 5/3/2022 | 5/12/2022 |
| Arrived Homes Series Amber | Arrived NC Amber, LLC | 9/2/2021 | 9/30/2021 |
| Arrived Homes Series Apollo | Arrived Homes Series Apollo, a series of Arrived Homes, LLC | 4/18/2022 | 5/6/2022 |
| Arrived Homes Series Avebury | Arrived AL Avebury, LLC | 2/4/2022 | 2/23/2022 |
| Arrived Homes Series Badminton | Arrived SC Badminton, LLC | 5/25/2021 | 6/18/2021 |
| Arrived Homes Series Bandelier | Arrived AZ Bandelier, LLC | 9/20/2021 | 10/27/2021 |
| Arrived Homes Series Baron | Arrived CO Baron, LLC | 4/27/2022 | 5/10/2022 |
| Arrived Homes Series Basil | Arrived SC Basil, LLC | 5/27/2021 | 6/25/2021 |
| Arrived Homes Series Bayside | Arrived SC Bayside, LLC | 6/17/2021 | 7/16/2021 |
| Arrived Homes Series Bazzel | Arrived SC Bazzel, LLC | 5/13/2022 | 6/10/2022 |
| Arrived Homes Series Bedford | Arrived SC Bedford, LLC | 12/29/2021 | 2/28/2022 |
| Arrived Homes Series Burlington | Arrived CO Burlington, LLC | 5/2/2022 | 5/12/2022 |
| Arrived Homes Series Butter | Arrived SC Butter, LLC | 9/2/2021 | 11/18/2021 |
| Arrived Homes Series Centennial | Arrived NC Centennial LLC | 5/25/2021 | 6/4/2021 |
| Arrived Homes Series Chaparral | Arrived AR Chaparral, LLC | 1/12/2021 | 1/14/2021 |
| Arrived Homes Series Chelsea | Arrived AL Chelsea, LLC | 2/4/2022 | 2/24/2022 |
| Arrived Homes Series Clover | Arrived Homes Series Clover, a series of Arrived Homes, LLC | 5/25/2022 | 6/6/2022 |
| Arrived Homes Series Coatbridge | Arrived SC Coatbridge, LLC | 6/16/2021 | 7/1/2021 |
| Arrived Homes Series Collier | Arrived TN Collier, LLC | 6/1/2022 | 6/17/2022 |
| Arrived Homes Series Collinston | Arrived NC Collinston, LLC | 8/2/2021 | 9/17/2021 |
| Arrived Homes Series Cupcake | Arrived AR Cupcake LLC | 1/3/2022 | 9/24/2021 |
| Arrived Homes Series Davidson | Arrived NC Davidson LLC | 7/23/2021 | 10/1/2021 |
| Arrived Homes Series Dawson | Arrived SC Dawson, LLC | 6/16/2021 | 7/6/2021 |
| Arrived Homes Series Delta | Arrived GA Delta, LLC | 1/3/2022 | 1/26/2022 |
| Arrived Homes Series Dewberry | Arrived SC Dewberry, LLC | 5/27/2021 | 6/29/2021 |
| Arrived Homes Series Diablo | Arrived AZ Diablo, LLC | 7/7/2021 | 12/27/2021 |
| Arrived Homes Series Dogwood | Arrived Homes Series Dogwood, a series of Arrived Homes, LLC | 5/27/2022 | 6/6/2022 |
| Arrived Homes Series Dolittle | Arrived SC Dolittle, LLC | 9/2/2021 | 11/10/2021 |
| Arrived Homes Series Dorchester | Arrived SC Dorchester, LLC | 6/1/2022 | 6/10/2022 |
| Arrived Homes Series Dunbar | Arrived TN Dunbar, LLC | 5/20/2022 | 5/31/2022 |
| Arrived Homes Series Eastfair | Arrived SC Eastfair, LLC | 5/25/2021 | 6/9/2021 |
| Arrived Homes Series Elevation | Arrived SC Elevation, LLC | 7/7/2021 | 7/21/2021 |
| Arrived Homes Series Elm | Arrived SC Elm, LLC | 6/17/2021 | 8/16/2021 |
| Arrived Homes Series Emporia | Arrived GA Emporia, LLC | 1/10/2022 | 1/27/2022 |

---

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| | | | |
|:---|:---|:---|:---|
| Arrived Homes Series Ensenada | Arrived CO Ensenada, LLC | 1/3/2022 | 10/15/2021 |
| Arrived Homes Series Folly | Arrived SC Folly, LLC | 6/1/2022 | 6/8/2022 |
| Arrived Homes Series Forest | Arrived SC Forest, LLC | 6/30/2021 | 7/26/2021 |
| Arrived Homes Series Gardens | Arrived Homes Series Gardens, a series of Arrived Homes, LLC | 3/4/2022 | 3/23/2022 |
| Arrived Homes Series Grant | Arrived GA Grant, LLC | 10/1/2021 | 10/29/2021 |
| Arrived Homes Series Greenhill | Arrived SC Greenhill, LLC | 11/18/2021 | 1/11/2022 |
| Arrived Homes Series Grove | Arrived Homes Series Grove, a series of Arrived Homes, LLC | 3/10/2022 | 3/29/2022 |
| Arrived Homes Series Hadden | Arrived SC Hadden, LLC | 1/3/2022 | 1/31/2022 |
| Arrived Homes Series Heritage | Arrived Homes Series Heritage, a series of Arrived Homes, LLC | 3/22/2022 | 4/13/2022 |
| Arrived Homes Series Heron | Arrived SC Heron, LLC | 3/25/2022 | 4/22/2022 |
| Arrived Homes Series Hines | Arrived TN Hines, LLC | 5/19/2022 | 5/27/2022 |
| Arrived Homes Series Holcomb | Arrived Homes Series Holcomb, a series of Arrived Homes, LLC | 5/2/2022 | 5/27/2022 |
| Arrived Homes Series Holland | Arrived NC Holland LLC | 7/21/2021 | 9/29/2021 |
| Arrived Homes Series Hollandaise | Arrived TN Hollandaise, LLC | 1/20/2022 | 2/3/2022 |
| Arrived Homes Series Holloway | Arrived SC Holloway, LLC | 5/25/2021 | 6/16/2021 |
| Arrived Homes Series Jack | Arrived Homes Series Jack, a series of Arrived Homes, LLC | 2/23/2022 | 3/22/2022 |
| Arrived Homes Series Jake | Arrived CO Jake, LLC | 5/11/2022 | 5/24/2022 |
| Arrived Homes Series Johnny | Arrived TN Johnny, LLC | 5/11/2022 | 6/15/2022 |
| Arrived Homes Series June | Arrived TN June, LLC | 5/11/2022 | 6/15/2022 |
| Arrived Homes Series Jupiter | Arrived NC Jupiter LLC | 7/22/2021 | 9/14/2021 |
| Arrived Homes Series Kawana | Arrived AL Kawana, LLC | 11/4/2020 | 2/11/2022 |
| Arrived Homes Series Kennesaw | Arrived Homes Series Kennesaw, a series of Arrived Homes, LLC | 5/18/2022 | 6/9/2022 |
| Arrived Homes Series KerriAnn | Arrived NC KerriAnn, LLC | 10/1/2021 | 10/28/2021 |
| Arrived Homes Series Kingsley | Arrived SC Kingsley, LLC | 5/24/2021 | 6/1/2021 |
| Arrived Homes Series Kirkwood | Arrived Homes Series Kirkwood, a series of Arrived Homes, LLC | 3/25/2022 | 4/22/2022 |
| Arrived Homes Series Lallie | Arrived SC Lallie, LLC | 5/27/2021 | 6/18/2021 |
| Arrived Homes Series Lanier | Arrived Homes Series Lanier, a series of Arrived Homes, LLC | 3/22/2022 | 4/8/2022 |
| Arrived Homes Series Lannister | Arrived Homes Series Lannister, a series of Arrived Homes, LLC | 5/2/2022 | 5/19/2022 |
| Arrived Homes Series Latte | Arrived Homes Series Latte, a series of Arrived Homes, LLC | 5/18/2022 | 6/1/2022 |
| Arrived Homes Series Lennox | Arrived SC Lennox, LLC | 6/16/2021 | 7/1/2021 |
| Arrived Homes Series Lierly | Arrived AR Lierly, LLC | 11/4/2020 | 1/21/2021 |
| Arrived Homes Series Lily | Arrived CO Lily, LLC | 9/9/2021 | 10/1/2021 |
| Arrived Homes Series Limestone | Arrived SC Limestone LLC | 7/22/2021 | 9/23/2021 |
| Arrived Homes Series Lookout | Arrived TN Lookout, LLC | 5/20/2022 | 5/31/2022 |
| Arrived Homes Series Louise | Arrived Homes Series Louise, a series of Arrived Homes, LLC | 3/1/2022 | 3/17/2022 |
| Arrived Homes Series Lovejoy | Arrived GA Lovejoy, LLC | 1/10/2022 | 2/3/2022 |
| Arrived Homes Series Luna | Arrived SC Luna, LLC | 4/27/2022 | 6/14/2021 |
| Arrived Homes Series Madison | Arrived Homes Series Madison, a series of Arrived Homes, LLC | 3/21/2022 | 5/6/2022 |
| Arrived Homes Series Magnolia | Arrived Homes Series Magnolia, a series of Arrived Homes, LLC | 4/7/2022 | 4/26/2022 |
| Arrived Homes Series Malbec | Arrived AR Malbec, LLC | 4/28/2021 | 5/13/2021 |
| Arrived Homes Series Mammoth | Arrived Homes Series Mammoth, a series of Arrived Homes, LLC | 3/15/2022 | 3/31/2022 |
| Arrived Homes Series Matchingham | Arrived SC Matchingham, LLC | 8/11/2021 | 10/22/2021 |
| Arrived Homes Series McGregor | Arrived Homes Series McGregor, a series of Arrived Homes, LLC | 3/25/2022 | 4/14/2022 |
| Arrived Homes Series McLovin | Arrived CO McLovin, LLC | 11/12/2021 | 12/3/2021 |
| Arrived Homes Series Meadow | Arrived NC Meadow, LLC | 8/25/2021 | 9/28/2021 |
| Arrived Homes Series Mojave | Arrived AR Mojave LLC | 5/24/2021 | 9/24/2021 |
| Arrived Homes Series Murphy | Arrived SC Murphy, LLC | 9/2/2021 | 11/10/2021 |
| Arrived Homes Series Nugget | Arrived CO Nugget, LLC | 4/27/2022 | 5/20/2022 |
| Arrived Homes Series Odessa | Arrived CO Odessa, LLC | 9/9/2021 | 9/30/2021 |
| Arrived Homes Series Olive | Arrived SC Olive, LLC | 6/16/2021 | 7/27/2021 |
| Arrived Homes Series Oly | Arrived CO Oly, LLC | 11/12/2021 | 11/30/2021 |
| Arrived Homes Series Osprey | Arrived SC Osprey, LLC | 4/18/2022 | 6/3/2022 |
| Arrived Homes Series Otoro | Arrived GA Otoro, LLC | 2/3/2022 | 3/21/2022 |
| Arrived Homes Series Patrick | Arrived AR Patrick, LLC | 1/4/2021 | 2/1/2021 |

---

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| | | | |
|:---|:---|:---|:---|
| Arrived Homes Series Peanut | Arrived Homes Series Peanut, a series of Arrived Homes, LLC | 3/4/2022 | 3/22/2022 |
| Arrived Homes Series Pearl | Arrived TN Pearl, LLC | 5/2/2022 | 5/13/2022 |
| Arrived Homes Series Pecan | Arrived AR Pecan, LLC | 1/12/2021 | 2/1/2021 |
| Arrived Homes Series Pinot | Arrived AR Pinot, LLC | 4/28/2021 | 5/13/2021 |
| Arrived Homes Series Pioneer | Arrived CO Pioneer, LLC | 5/18/2022 | 6/7/2022 |
| Arrived Homes Series Plumtree | Arrived AR Plumtree, LLC | 1/12/2021 | 1/4/2021 |
| Arrived Homes Series Point | Arrived Homes Series Point, a series of Arrived Homes, LLC | 3/9/2022 | 4/5/2022 |
| Arrived Homes Series Reynolds | Arrived Homes Series Reynolds, a series of Arrived Homes, LLC | 5/19/2022 | 6/2/2022 |
| Arrived Homes Series Ribbonwalk | Arrived NC Ribbonwalk, LLC | 9/28/2021 | 10/28/2021 |
| Arrived Homes Series Ridge | Arrived SC Ridge, LLC | 11/5/2020 | 7/9/2021 |
| Arrived Homes Series Ritter | Arrived CO Ritter, LLC | 5/11/2022 | 5/27/2022 |
| Arrived Homes Series River | Arrived SC River, LLC | 6/18/2021 | 7/30/2021 |
| Arrived Homes Series Riverwalk | Arrived TN Riverwalk, LLC | 5/27/2022 | 6/13/2022 |
| Arrived Homes Series Rooney | Arrived AZ Rooney, LLC | 9/20/2021 | 10/13/2021 |
| Arrived Homes Series Roseberry | Arrived SC Roseberry, LLC | 6/18/2021 | 8/2/2021 |
| Arrived Homes Series Rosewood | Arrived Homes Series Rosewood, a series of Arrived Homes, LLC | 3/14/2022 | 4/18/2022 |
| Arrived Homes Series Roxy | Arrived Homes Series Roxy, a series of Arrived Homes, LLC | 3/18/2022 | 4/7/2022 |
| Arrived Homes Series Saddlebred | Arrived CO Saddlebred, LLC | 9/20/2021 | 10/1/2021 |
| Arrived Homes Series Saint | Arrived AZ Saint, LLC | 9/28/2021 | 1/13/2022 |
| Arrived Homes Series Salem | Arrived AR Salem, LLC | 4/27/2021 | 5/13/2021 |
| Arrived Homes Series Saturn | Arrived NC Saturn, LLC | 8/3/2021 | 8/31/2021 |
| Arrived Homes Series Scepter | Arrived AZ Scepter, LLC | 9/21/2021 | 10/13/2021 |
| Arrived Homes Series Shoreline | Arrived SC Shoreline, LLC | 5/25/2021 | 6/18/2021 |
| Arrived Homes Series Sigma | Arrived NC Sigma, LLC | 11/23/2021 | 12/17/2021 |
| Arrived Homes Series Soapstone | Arrived AR Soapstone, LLC | 11/5/2022 | 10/11/2019 |
| Arrived Homes Series Spencer | Arrived SC Spencer, LLC | 5/27/2021 | 6/22/2021 |
| Arrived Homes Series Splash | Arrived AR Splash, LLC | 4/27/2021 | 5/3/2021 |
| Arrived Homes Series Stonebriar | Arrived Homes Series Stonebriar, a series of Arrived Homes, LLC | 3/25/2022 | 4/18/2022 |
| Arrived Homes Series Sugar | Arrived SC Sugar, LLC | 6/17/2021 | 7/7/2021 |
| Arrived Homes Series Summerset | Arrived SC Summerset, LLC | 5/27/2021 | 6/21/2021 |
| Arrived Homes Series Swift | Arrived GA Swift, LLC | 4/13/2022 | 4/20/2022 |
| Arrived Homes Series Terracotta | Arrived AZ Terracotta, LLC | 1/19/2022 | 2/4/2022 |
| Arrived Homes Series Tulip | Arrived Homes Series Tulip, a series of Arrived Homes, LLC | 3/4/2022 | 3/25/2022 |
| Arrived Homes Series Tuscan | Arrived AR Tuscan, LLC | 4/27/2021 | 5/13/2021 |
| Arrived Homes Series Tuxford | Arrived SC Tuxford, LLC | 1/19/2022 | 2/9/2022 |
| Arrived Homes Series Vernon | Arrived SC Vernon, LLC | 8/11/2021 | 11/24/2021 |
| Arrived Homes Series Walton | Arrived AR Walton, LLC | 5/27/2022 | 6/24/2022 |
| Arrived Homes Series Wave | Arrived GA Wave, LLC | 1/3/2022 | 2/11/2022 |
| Arrived Homes Series Weldon | Arrived NC Weldon LLC | 7/21/2021 | 9/17/2021 |
| Arrived Homes Series Wentworth | Arrived AR Wentworth, LLC | 4/28/2021 | 9/24/2021 |
| Arrived Homes Series Wescott | Arrived TN Wescott, LLC | 4/18/2022 | 5/12/2022 |
| Arrived Homes Series Westchester | Arrived SC Westchester, LLC | 6/30/2021 | 7/15/2021 |
| Arrived Homes Series Wildwood | Arrived TN Wildwood, LLC | 3/25/2022 | 4/25/2022 |
| Arrived Homes Series Windsor | Arrived SC Windsor, LLC | 6/18/2021 | 7/22/2021 |
| Arrived Homes Series Wisteria | Arrived Homes Series Wisteria, a series of Arrived Homes, LLC | 3/7/2022 | 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). Each 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.

***Principles of Consolidation***

 ****

These consolidated and consolidating financial statements include the accounts of Arrived Homes, LLC (the Company) and each Series listed in Note 1 (collectively the "Series"). All inter-company transactions and balances have been eliminated on 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 Series comply 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 reported in the balance sheets approximate their fair value.

***Management Fee***

The Manager will receive from each Series an annual asset management fee equal to one percent (1%) of the capital contributions to the Series. Additionally, pursuant to the operating agreement, the Manager will receive reimbursements for out-of-pocket expenses in connection with the Series' organization and offering, the Series' operations, the acquisition of properties and in connection with third parties service providers. The Manager may also receive a portion of the property management fee and the property disposition fee as described below. The Manager reserves the right to waive any fees or reimbursements it is due in its sole discretion and if so, these expenses will still be recognized by the Series with a corresponding credit to contributed capital.

***Property Management Fee***

As compensation for the services provided by the property management company, each Series will be charged a property management fee equal to eight percent (8%) of rents collected on the Series' property. To the extent that, under the terms of a specific property management agreement, the property manager is paid a fee that is less than the eight percent (8%) charged to the Series, the Manager will receive the difference as income. If the Series' property is vacant and not producing rental income, the property management company is not entitled to a fee.

***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 percent (6%) to seven percent (7%) 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 and interest payable on the Series' mortgage.

***Deposits***

 ****

Deposits classified as assets represent security deposits paid or incurred by the Series. Tenant deposit liabilities represent security deposits received by tenant customers.

 **

***Property and Equipment***

 **

Property and equipment are stated at cost less accumulated depreciation. The Series 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 five (5) to seven (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***

 ****

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 Series did not record any impairment losses on long-lived assets for the period ended June 30, 2022.

 **

***Operating Expenses***

 **

Each 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 may impose a reasonable rate of interest, and be entitled to reimbursement of such amount from future revenues generated by the Series' property, and/or (c) cause additional interests to be issued in the Series in order to cover such additional amounts.

***Revenue Recognition***

Each 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 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 Series recognizes rental revenue on a monthly basis when earned.

***Comprehensive Income (Loss)***

The Company and Series follow 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***

 ****

Series Chaparral, Series Lierly, and Series Soapstone have elected and qualify to be taxed as a separate real estate investment trust, or REIT, for U.S. federal and state income tax purposes. Therefore, the income from each Series is reported and taxed to the members on their individual tax returns.

The other Series have elected and qualify to be taxed as a C corporation.

Each Series uses the liability method of accounting for income taxes as set forth in ASC 740, *Income Taxes*. Under the liability method, deferred taxes are determined based on the temporary differences between the financial statement and tax basis of assets and liabilities using tax rates expected to be in effect during the years in which the basis differences reverse. A valuation allowance is recorded when it is unlikely that the deferred tax assets will not be realized. The Series assesses its income tax positions and record tax benefits for all years subject to examination based upon our evaluation of the facts, circumstances and information available at the reporting date. In accordance with ASC 740-10, for those tax positions where there is a greater than fifty percent (50%) likelihood that a tax benefit will be sustained, the Series policy will be to record the largest amount of tax benefit that is more likely than not to be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where there is less than fifty percent (50%) likelihood that a tax benefit will be sustained, no tax benefit will be recognized in the consolidated financial statements.

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

In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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 was effective for annual and interim periods beginning after December 15, 2021. Early adoption was permitted. The Series are currently evaluating the impact on their consolidated financial statements.

In May 2014, the FASB issued ASU No. 2014-09, *Revenue from Contracts with Customers (Topic 606)* and has issued subsequent amendments to this guidance. This new standard replaces all current guidance on this topic and eliminates all industry-specific guidance. The new revenue recognition standard provides a unified model to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. The guidance was effective for interim and annual periods beginning after December 31, 2018. The Company and Series have adopted this standard upon inception and it did not have a material impact on their consolidated and consolidating financial statements.

Management does not believe that any other recently issued, but not yet adopted, accounting standards could have a material effect on the accompanying consolidated and consolidating financial statements. As new accounting pronouncements are issued, the Company and Series 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 and Series have 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 and Series to continue as a going concern for a reasonable period of time. The Company's and Series' ability to continue as a going concern in the next twelve months 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 and Series 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 and Series be unable to continue as a going concern.

**NOTE 4: PROPERTY AND EQUIPMENT**

Property and equipment, net consists of the following as of June 30, 2022:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Series Name** | **Building** | **Land** | **Total** | **Less:<br> Accumulated Depreciation** | **Property and equipment, net** |
| Arrived Homes Series 100 | $465546 | $153750 | $619296 | $(1407) | $617888 |
| Arrived Homes Series 101 | 480630 | 158750 | 639380 |  | 639380 |
| Arrived Homes Series Abbington | 362364 | 120000 | 482364 |  | 482364 |
| Arrived Homes Series Amber | 231434 | 76250 | 307684 | (6312) | 301372 |
| Arrived Homes Series Apollo | 148621 | 48750 | 197371 |  | 197371 |
| Arrived Homes Series Avebury | 219734 | 73245 | 292978 | (1998) | 290980 |
| Arrived Homes Series Badminton | 192775 | 63750 | 256525 | (7010) | 249515 |
| Arrived Homes Series Bandelier | 229358 | 122465 | 351823 | (5560) | 346263 |
| Arrived Homes Series Baron | 440219 | 142500 | 582719 |  | 582719 |
| Arrived Homes Series Basil | 153138 | 50625 | 203763 | (5569) | 198194 |
| Arrived Homes Series Bayside | 193863 | 63750 | 257613 | (6462) | 251150 |
| Arrived Homes Series Bazzel | 207343 | 62125 | 269468 | (568) | 268900 |
| Arrived Homes Series Bedford | 211603 | 70534 | 282138 | (1924) | 280214 |
| Arrived Homes Series Burlington | 490456 | 163375 | 653831 |  | 653831 |
| Arrived Homes Series Butter | 286835 | 93724 | 380558 | (6054) | 374504 |
| Arrived Homes Series Centennial | 215425 | 71250 | 286675 | (7835) | 278840 |
| Arrived Homes Series Chaparral | 148009 | 49491 | 197500 | (7889) | 189611 |
| Arrived Homes Series Chelsea | 232861 | 77620 | 310481 | (2117) | 308364 |
| Arrived Homes Series Clover | 249953 | 82500 | 332453 |  | 332453 |
| Arrived Homes Series Coatbridge | 205145 | 67500 | 272645 | (6838) | 265807 |
| Arrived Homes Series Collier | 269019 | 88750 | 357769 |  | 357769 |
| Arrived Homes Series Collinston | 159806 | 52500 | 212306 | (4358) | 207948 |
| Arrived Homes Series Cupcake | 174444 | 54639 | 229083 | (4785) | 224298 |
| Arrived Homes Series Davidson | 160008 | 52500 | 212508 | (3879) | 208629 |
| Arrived Homes Series Dawson | 171298 | 56250 | 227548 | (5710) | 221838 |
| Arrived Homes Series Delta | 257741 | 85914 | 343654 | (3099) | 340555 |
| Arrived Homes Series Dewberry | 143700 | 47500 | 191200 | (5225) | 185974 |
| Arrived Homes Series Diablo | 195243 | 103950 | 299193 | (3571) | 295622 |
| Arrived Homes Series Dogwood | 182125 | 60000 | 242125 |  | 242125 |
| Arrived Homes Series Dolittle | 232183 | 76093 | 308276 | (4925) | 303351 |
| Arrived Homes Series Dorchester | 260390 | 86250 | 346640 | (788) | 345852 |
| Arrived Homes Series Dunbar | 244359 | 80500 | 324859 |  | 324859 |
| Arrived Homes Series Eastfair | 162575 | 53750 | 216325 | (5912) | 210413 |
| Arrived Homes Series Elevation | 201118 | 65837 | 266955 | (6704) | 260251 |
| Arrived Homes Series Elm | 125176 | 41250 | 166426 | (3833) | 162592 |
| Arrived Homes Series Emporia | 265811 | 88604 | 354415 | (3188) | 351227 |
| Arrived Homes Series Ensenada | 366214 | 196000 | 562214 | (8888) | 553326 |
| Arrived Homes Series Folly | 235570 | 78000 | 313570 | (713) | 312858 |
| Arrived Homes Series Forest | 265264 | 87500 | 352764 | (9646) | 343118 |
| Arrived Homes Series Gardens | 167308 | 54975 | 222283 | (1010) | 221272 |
| Arrived Homes Series Grant | 244818 | 129500 | 374318 | (5935) | 368383 |
| Arrived Homes Series Greenhill | 246644 | 82215 | 328858 | (3006) | 325852 |
| Arrived Homes Series Grove | 171189 | 56250 | 227439 | (1034) | 226405 |
| Arrived Homes Series Hadden | 166460 | 55487 | 221947 | (2036) | 219911 |
| Arrived Homes Series Heritage | 220856 | 72500 | 293356 | (667) | 292689 |
| Arrived Homes Series Heron | 217437 | 71750 | 289187 | (657) | 288530 |
| Arrived Homes Series Hines | 193650 | 63750 | 257400 |  | 257400 |
| Arrived Homes Series Holcomb | 268901 | 88750 | 357651 |  | 357651 |
| Arrived Homes Series Holland | 160008 | 52500 | 212508 | (4364) | 208144 |
| Arrived Homes Series Hollandaise | 276552 | 92184 | 368736 | (2514) | 366222 |
| Arrived Homes Series Holloway | 256950 | 85000 | 341950 | (9344) | 332606 |
| Arrived Homes Series Jack | 314480 | 103439 | 417918 | (1900) | 416019 |
| Arrived Homes Series Jake | 445185 | 148300 | 593485 |  | 593485 |
| Arrived Homes Series Johnny | 443839 | 146250 | 590089 | (1341) | 588748 |
| Arrived Homes Series June | 443839 | 146250 | 590089 | (1341) | 588748 |
| Arrived Homes Series Jupiter | 159802 | 52500 | 212302 | (4358) | 207944 |
| Arrived Homes Series Kawana | 208216 | 69405 | 277621 | (1893) | 275728 |
| Arrived Homes Series Kennesaw | 321758 | 106250 | 428008 | (973) | 427035 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Arrived Homes Series KerriAnn | 257713 | 85000 | 342713 | (6248) | 336465 |
| Arrived Homes Series Kingsley | 238075 | 78750 | 316825 | (8580) | 308245 |
| Arrived Homes Series Kirkwood | 198419 | 65000 | 263419 | (599) | 262820 |
| Arrived Homes Series Lallie | 280725 | 92500 | 373225 | (10231) | 362994 |
| Arrived Homes Series Lanier | 286625 | 94250 | 380875 | (866) | 380009 |
| Arrived Homes Series Lannister | 133481 | 43750 | 177231 | (610) | 176621 |
| Arrived Homes Series Latte | 276213 | 91250 | 367463 |  | 367463 |
| Arrived Homes Series Lennox | 163783 | 53750 | 217533 | (5459) | 212074 |
| Arrived Homes Series Lierly | 161250 | 53750 | 215000 | (8470) | 206530 |
| Arrived Homes Series Lily | 412106 | 126250 | 538356 | (10379) | 527977 |
| Arrived Homes Series Limestone | 221258 | 72500 | 293758 | (6034) | 287723 |
| Arrived Homes Series Lookout | 261457 | 86250 | 347707 |  | 347707 |
| Arrived Homes Series Louise | 209106 | 68750 | 277856 | (1263) | 276593 |
| Arrived Homes Series Lovejoy | 222438 | 74146 | 296584 | (2005) | 294579 |
| Arrived Homes Series Luna | 162575 | 53750 | 216325 | (5912) | 210413 |
| Arrived Homes Series Madison | 156110 | 51250 | 207360 |  | 207360 |
| Arrived Homes Series Magnolia | 190420 | 62500 | 252920 | (575) | 252345 |
| Arrived Homes Series Malbec | 241344 | 80225 | 321568 | (9970) | 311598 |
| Arrived Homes Series Mammoth | 258608 | 85000 | 343608 | (1562) | 342046 |
| Arrived Homes Series Matchingham | 160191 | 52273 | 212463 | (3883) | 208580 |
| Arrived Homes Series McGregor | 228005 | 75000 | 303005 | (689) | 302316 |
| Arrived Homes Series McLovin | 343044 | 183750 | 526794 | (6219) | 520575 |
| Arrived Homes Series Meadow | 242548 | 80000 | 322548 | (6615) | 315933 |
| Arrived Homes Series Mojave | 186180 | 58500 | 244680 | (5148) | 239532 |
| Arrived Homes Series Murphy | 224701 | 73612 | 298312 | (4766) | 293546 |
| Arrived Homes Series Nugget | 423688 | 140500 | 564188 |  | 564188 |
| Arrived Homes Series Odessa | 403261 | 133750 | 537011 | (10998) | 526013 |
| Arrived Homes Series Olive | 175139 | 57500 | 232639 | (5838) | 226801 |
| Arrived Homes Series Oly | 344549 | 184100 | 528649 | (7311) | 521337 |
| Arrived Homes Series Osprey | 264502 | 87500 | 352002 |  | 352002 |
| Arrived Homes Series Otoro | 297771 | 98000 | 395771 | (1953) | 393818 |
| Arrived Homes Series Patrick | 158368 | 52551 | 210919 | (8144) | 202775 |
| Arrived Homes Series Peanut | 163635 | 53750 | 217385 | (988) | 216396 |
| Arrived Homes Series Pearl | 413382 | 136500 | 549882 |  | 549882 |
| Arrived Homes Series Pecan | 157052 | 52124 | 209176 | (8079) | 201097 |
| Arrived Homes Series Pinot | 243611 | 81054 | 324665 | (10064) | 314600 |
| Arrived Homes Series Pioneer | 446563 | 143700 | 590263 | (1307) | 588956 |
| Arrived Homes Series Plumtree | 151745 | 50738 | 202483 | (8241) | 194242 |
| Arrived Homes Series Point | 289372 | 95625 | 384997 | (875) | 384122 |
| Arrived Homes Series Reynolds | 325533 | 107500 | 433033 |  | 433033 |
| Arrived Homes Series Ribbonwalk | 241740 | 80000 | 321740 | (5860) | 315880 |
| Arrived Homes Series Ridge | 164536 | 54000 | 218536 | (5484) | 213052 |
| Arrived Homes Series Ritter | 381362 | 127000 | 508362 |  | 508362 |
| Arrived Homes Series River | 201388 | 66250 | 267638 | (6713) | 260925 |
| Arrived Homes Series Riverwalk | 299255 | 98750 | 398005 | (905) | 397101 |
| Arrived Homes Series Rooney | 243218 | 129500 | 372718 | (5896) | 366821 |
| Arrived Homes Series Roseberry | 248204 | 81250 | 329454 | (7521) | 321932 |
| Arrived Homes Series Rosewood | 205222 | 67500 | 272722 |  | 272722 |
| Arrived Homes Series Roxy | 247219 | 81250 | 328469 | (747) | 327722 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Arrived Homes Series Saddlebred | 357856 | 118750 | 476606 | (11302) | 465305 |
| Arrived Homes Series Saint | 208509 | 112274 | 320783 | (2536) | 318248 |
| Arrived Homes Series Salem | 241306 | 80225 | 321531 | (9969) | 311562 |
| Arrived Homes Series Saturn | 170042 | 53750 | 223792 | (5187) | 218604 |
| Arrived Homes Series Scepter | 178069 | 94500 | 272569 | (4317) | 268252 |
| Arrived Homes Series Shoreline | 234300 | 77500 | 311800 | (8520) | 303280 |
| Arrived Homes Series Sigma | 292989 | 96250 | 389239 | (5327) | 383912 |
| Arrived Homes Series Soapstone | 165000 | 55000 | 220000 | (8667) | 211333 |
| Arrived Homes Series Spencer | 227685 | 75000 | 302685 | (8313) | 294372 |
| Arrived Homes Series Splash | 163770 | 53750 | 217520 | (6948) | 210572 |
| Arrived Homes Series Stonebriar | 153885 | 50500 | 204385 | (465) | 203920 |
| Arrived Homes Series Sugar | 235235 | 77500 | 312735 | (7846) | 304889 |
| Arrived Homes Series Summerset | 192776 | 63750 | 256526 | (7010) | 249515 |
| Arrived Homes Series Swift | 259875 | 86500 | 346375 | (787) | 345587 |
| Arrived Homes Series Terracotta | 208259 | 112139 | 320398 | (1262) | 319136 |
| Arrived Homes Series Tulip | 240709 | 79250 | 319959 | (1454) | 318504 |
| Arrived Homes Series Tuscan | 244164 | 80225 | 324389 | (10063) | 314326 |
| Arrived Homes Series Tuxford | 198079 | 66026 | 264106 | (1801) | 262305 |
| Arrived Homes Series Vernon | 199031 | 64942 | 263973 | (4222) | 259751 |
| Arrived Homes Series Walton | 227367 | 75000 | 302367 |  | 302367 |
| Arrived Homes Series Wave | 252771 | 84590 | 337362 | (2307) | 335055 |
| Arrived Homes Series Weldon | 159806 | 52500 | 212306 | (4358) | 207948 |
| Arrived Homes Series Wentworth | 180251 | 56550 | 236801 | (4980) | 231822 |
| Arrived Homes Series Wescott | 207993 | 68125 | 276118 |  | 276118 |
| Arrived Homes Series Westchester | 257791 | 85000 | 342791 | (8593) | 334198 |
| Arrived Homes Series Wildwood | 167303 | 55000 | 222303 | (505) | 221797 |
| Arrived Homes Series Windsor | 264500 | 87500 | 352000 | (8817) | 343183 |
| Arrived Homes Series Wisteria | 224819 | 74099 | 298918 | (1359) | 297559 |
|  | $**32686064** | $**11283335** | $**43969399** | $**(525058)** | $**43444340** |

---

Depreciation expense was $525,058 for six months ending June 30, 2022.

**NOTE 5: MORTGAGE PAYABLE, NET**

The Series have mortgages with Arvest Bank and Certain Lending. The following is a summary of the mortgages by each Series as of June 30, 2022:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Series Name** | **Address** | **Mortgage Principal** | **Term** | **Interest Only Period** | **Interest Rate** |
| Arrived Homes Series 100 | 2119 Herman Street, Nashville, TN 37208 | $- | Cash |  |  |
| Arrived Homes Series 101 | 2117 Herman Street, Nashville, TN 37208 |  | Cash |  |  |
| Arrived Homes Series Abbington | 3361 Cain Harbor Dr, Nashville, TN 37214 |  | Cash |  |  |
| Arrived Homes Series Amber | 7312 Amberly Hills Rd, Charlotte, NC 28215 | 200830 | 30 | 7 | 3.875% |
| Arrived Homes Series Apollo | 609 Marguerite Drive, Huntsville, AL 35808 | 136500 | 30 | 7 | 5.625% |
| Arrived Homes Series Avebury | 287 Avebury Rd, Meridianville, AL 35759 | 203000 | 30 | 7 | 3.875% |
| Arrived Homes Series Badminton | 414 Badminton Ct, Lexington, SC 29072 | 174200 | 30 | 5 | 4.625% |
| Arrived Homes Series Bandelier | 6180 W Bandelier Ct, Tucson, AZ 85742 | 244930 | 30 | 7 | 3.875% |
| Arrived Homes Series Baron | 12421 E 105th Place, Commerce City, CO 80022 |  | Cash |  |  |
| Arrived Homes Series Basil | 317 Morning Creek Dr, Easley, SC 29640 | 131625 | 30 | 5 | 4.625% |
| Arrived Homes Series Bayside | 59 Bayside Ct, Columbia, SC 29229 | 165750 | 30 | 7 | 4.625% |
| Arrived Homes Series Bazzel | 663 Markham Circle, Moore, SC 29369 |  | Cash |  |  |
| Arrived Homes Series Bedford | 808 Derby Downs Ct, Elgin, SC 29045 | 196000 | 30 | 7 | 3.875% |
| Arrived Homes Series Burlington | 10289 Nucla St, Commerce City, CO 80022 |  | Cash |  |  |
| Arrived Homes Series Butter | 162 Lucky Day Dr, Summerville, SC 29486 | 262426 | 30 | 7 | 3.875% |
| Arrived Homes Series Centennial | 726 Centennial St, Gastonia, NC 28056 | 190000 | 30 | 5 | 4.625% |
| Arrived Homes Series Chaparral | 4309 W Chaparral Ln, Fayetteville, AR 72704 | 104310 | 10 | 5 | 4.000% |
| Arrived Homes Series Chelsea | 274 Chelsea Park Rd, Chelsea, AL 35043 | 215492 | 30 | 7 | 3.875% |
| Arrived Homes Series Clover | 125 Cloverwood Drive SW, Huntsville, AL 35824 |  | Cash |  |  |
| Arrived Homes Series Coatbridge | 172 Coatbridge Dr, Blythewood, SC 29016 | 175500 | 30 | 5 | 4.625% |
| Arrived Homes Series Collier | 1129 Cloud View Drive, Powell, TN 37849 |  | Cash |  |  |
| Arrived Homes Series Collinston | 1507 Collinston Dr, Gastonia, NC 28052 | 136500 | 30 | 5 | 3.875% |
| Arrived Homes Series Cupcake | 358 N Mojave St, Farmington, AR 72730 | 152989 | 30 | 7 | 3.875% |
| Arrived Homes Series Davidson | 922 W Davidson St, Gastonia, NC 28052 | 147000 | 30 | 7 | 3.875% |
| Arrived Homes Series Dawson | 313 Dawsons Park Dr, Lexington, SC 29072 | 146250 | 30 | 5 | 4.625% |
| Arrived Homes Series Delta | 5042 Rapahoe Trl, Atlanta, GA 30349 | 226800 | 30 | 7 | 3.875% |
| Arrived Homes Series Dewberry | 130 Bonhomme Cir, Lexington, SC 29072 | 121225 | 30 | 5 | 4.625% |
| Arrived Homes Series Diablo | 6566 S Diablo Dr, Tucson, AZ 85757 | 207900 | 30 | 7 | 3.875% |
| Arrived Homes Series Dogwood | 1335 Maxwell Circle, Tuscaloosa, AL 35405 |  | Cash |  |  |
| Arrived Homes Series Dolittle | 204 Doolittle Dr, Chapin, SC 29036 | 207577 | 30 | 7 | 3.875% |
| Arrived Homes Series Dorchester | 115 Rawlins Drive, Summerville, SC 29485 |  | Cash |  |  |
| Arrived Homes Series Dunbar | 1416 Mutual Drive, Clarksville, TN 37042 |  | Cash |  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Arrived Homes Series Eastfair | 461 Eastfair Dr, Columbia, SC 29209 | 150000 | 30 | 5 | 4.625% |
| Arrived Homes Series Elevation | 305 Elevation Ct, Inman, SC 29349 | 172250 | 30 | 5 | 4.625% |
| Arrived Homes Series Elm | 1231 Tolliver St, Columbia, SC 29201 | 107250 | 30 | 5 | 4.625% |
| Arrived Homes Series Emporia | 625 Emporia Loop, McDonough, GA 30253 | 245000 | 30 | 7 | 3.875% |
| Arrived Homes Series Ensenada | 6293 N Ensenada Ct, Aurora, CO 80019 | 392000 | 30 | 7 | 3.875% |
| Arrived Homes Series Folly | 199 Longford Drive, Summerville, SC 29483 |  | Cash |  |  |
| Arrived Homes Series Forest | 407 Forest Hills Rd, Summerville, SC 29486 | 227500 | 30 | 5 | 4.625% |
| Arrived Homes Series Gardens | 2014 Inverness Pkwy, Tuscaloosa, AL 35405 | 136500 | 30 | 7 | 4.75% |
| Arrived Homes Series Grant | 1770 Grant Ct, Braselton, GA 30517 | 259000 | 30 | 7 | 3.875% |
| Arrived Homes Series Greenhill | 640 Frow Dr, Elgin, SC 29045 | 227784 | 30 | 7 | 3.875% |
| Arrived Homes Series Grove | 109 Annie Lane, Pleasant Grove, AL 35127 | 157500 | 30 | 7 | 4.75% |
| Arrived Homes Series Hadden | 142 Hadden St, Duncan, SC 29334 | 143500 | 30 | 7 | 3.875% |
| Arrived Homes Series Heritage | 432 The Gables Drive, McDonough, GA 30253 | 203000 | 30 | 7 | 4.75% |
| Arrived Homes Series Heron | 8334 Whitehaven Drive, North Charleston, SC 29420 | 200900 | 30 | 7 | 4.75% |
| Arrived Homes Series Hines | 1323 Whitt Lane, Clarksville, TN 37042 |  | Cash |  |  |
| Arrived Homes Series Holcomb | 1994 Bridgewater Pass, Hampton, GA 30228 |  | Cash |  |  |
| Arrived Homes Series Holland | 910 N Ransom St, Gastonia, NC 28052 | 147000 | 30 | 5 | 4.625% |
| Arrived Homes Series Hollandaise | 741 Hollandale Rd, La Vergne, TN 37086 | 255500 | 30 | 7 | 3.875% |
| Arrived Homes Series Holloway | 601 W Czardas Way, Woodruff, SC 29388 | 221000 | 30 | 5 | 4.625% |
| Arrived Homes Series Jack | 4434 Jack Faulk St, Murfreesboro, TN 37127 | 289629 | 30 | 7 | 4.375% |
| Arrived Homes Series Jake | 10803 Sedalia Circle, Commerce City, CO 80022 |  | Cash |  |  |
| Arrived Homes Series Johnny | 518 Yokley Drive, Nashville, TN 37207\* | 463200 | Bridge | 1 | 11.5% |
| Arrived Homes Series June | 520 Yokley Drive, Nashville, TN 37207\* | 463200 | Bridge | 1 | 11.5% |
| Arrived Homes Series Jupiter | 930 Junius St, Gastonia, NC 28052 | 139750 | 30 | 5 | 4.625% |
| Arrived Homes Series Kawana | 28041 Kawana Ct, Harvest, AL 35749 | 192500 | 30 | 7 | 3.875% |
| Arrived Homes Series Kennesaw | 2557 Kolb Manor Circle SW, Marietta, GA 30008 |  | Cash |  |  |
| Arrived Homes Series KerriAnn | 414 Kerriann Ln, Clayton, NC 27520 | 238000 | 30 | 7 | 3.875% |
| Arrived Homes Series Kingsley | 505 Kingsley View Rd, Blythewood, SC 29016 | 215000 | 30 | 5 | 4.625% |
| Arrived Homes Series Kirkwood | 1064 Cindy Jo Court, Clarksville, TN 37040 | 182000 | 30 | 7 | 4.75% |
| Arrived Homes Series Lallie | 210 Ilderton St, Summerville, SC 29483 | 240500 | 30 | 5 | 4.625% |
| Arrived Homes Series Lanier | 6464 Flowery Way, Flowery Branch, GA 30542 | 263900 | 30 | 7 | 4.75% |
| Arrived Homes Series Lannister | 2263 Reece Blvd, Tuscaloosa, AL 35401 | 115500 | 30 | 7 | 6.125% |
| Arrived Homes Series Latte | 6030 Thorntons Way Circle, Huntsville, AL 35810 |  | Cash |  |  |
| Arrived Homes Series Lennox | 1320 House St, Columbia, SC 29204 | 139750 | 30 | 5 | 4.625% |
| Arrived Homes Series Lierly | 4203 W Lierly Ln, Fayetteville, AR 72704 | 131100 | 10 | 5 | 4.0% |
| Arrived Homes Series Lily | 9799 Desert Lily Cir, Colorado Springs, CO 80925 | 311500 | 30 | 7 | 3.875% |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Arrived Homes Series Limestone | 863 Bergenfield Ln, Chapin, SC 29036 | 203000 | 30 | 5.0 | 3.875% |
| Arrived Homes Series Lookout | 6872 Axiom Lane, Ooltewah, TN 37363 |  | Cash |  |  |
| Arrived Homes Series Louise | 2615 Lily Way, Northport, AL 35473 | 182000 | 30 | 7.0 | 4.375% |
| Arrived Homes Series Lovejoy | 2658 Lovejoy Crossing Dr, Hampton, GA 30228 | 205100 | 30 | 7.0 | 3.875% |
| Arrived Homes Series Luna | 417 Hosea Ct, Lexington, SC 29072 | 150000 | 30 | 5.0 | 4.625% |
| Arrived Homes Series Madison | 902 NW Appleby Street, Huntsville, AL 35816 | 102500 | 30 | 7.0 | 6.0% |
| Arrived Homes Series Magnolia | 4741 Kings Highway, Douglasville, GA 30135 | 175000 | 30 | 7.0 | 5.625% |
| Arrived Homes Series Malbec | 755 N Malbec Rd, Fayetteville, AR 72704 | 208585 | 30 | 5.0 | 4.625% |
| Arrived Homes Series Mammoth | 200 Vernon Walk, McDonough, GA 30252 | 238000 | 30 | 7.0 | 4.75% |
| Arrived Homes Series Matchingham | 1077 Matchingham Dr, Columbia, SC 29223 | 146364 | 30 | 7.0 | 3.875% |
| Arrived Homes Series McGregor | 674 Sly Fox Drive, Clarksville, TN 37040 |  | Cash |  |  |
| Arrived Homes Series McLovin | 10711 Truckee Cir, Commerce City, CO 80022 | 367500 | 30 | 7.0 | 3.875% |
| Arrived Homes Series Meadow | 9235 Avery Meadows Dr, Charlotte, NC 28216 | 214900 | 30 | 7.0 | 3.875% |
| Arrived Homes Series Mojave | 340 N Mojave St, Farmington, AR 72730 | 163800 | 30 | 7.0 | 3.875% |
| Arrived Homes Series Murphy | 211 Doolittle Dr, Chapin, SC 29036 | 207270 | 30 | 7.0 | 3.875% |
| Arrived Homes Series Nugget | 10134 Zeno Street, Commerce City, CO 80022 |  | Cash |  |  |
| Arrived Homes Series Odessa | 4669 S Odessa St, Aurora, CO 80015 | 374500 | 30 | 7.0 | 3.875% |
| Arrived Homes Series Olive | 240 Tea Olive Ave, Lexington, SC 29073 | 126100 | 30 | 5.0 | 4.625% |
| Arrived Homes Series Oly | 8880 E 106th Pl, Commerce City, CO 80640 | 368200 | 30 | 7.0 | 3.875% |
| Arrived Homes Series Osprey | 5121 Morrow Lane, Summerville, SC 29485 |  | Cash |  |  |
| Arrived Homes Series Otoro | 2970 Parkland Vw, Atlanta, GA 30331 | 274400 | 30 | 7.0 | 3.875% |
| Arrived Homes Series Patrick | 4309 W Patrick St, Fayetteville, AR 72704 | 108300 | 10 | 5.0 | 4.0% |
| Arrived Homes Series Peanut | 160 Roscommon Rd, Tuscaloosa, AL 35405 | 147000 | 30 | 7.0 | 4.75% |
| Arrived Homes Series Pearl | 1929 14th Ave N, Nashville, TN 37208 |  | Cash |  |  |
| Arrived Homes Series Pecan | 4481 W Pecan St, Fayetteville, AR 72704 | 112860 | 10 | 5.0 | 4.0% |
| Arrived Homes Series Pinot | 763 N Malbec Rd, Fayetteville, AR 72704 | 210740 | 30 | 5.0 | 4.625% |
| Arrived Homes Series Pioneer | 9363 Sedalia Street, Commerce City, CO 80022 |  | Cash |  |  |
| Arrived Homes Series Plumtree | 4455 W Chaparral Ln, Fayetteville, AR 72704 | 111150 | 10 | 5.0 | 4.0% |
| Arrived Homes Series Point | 1129 Hilliard Lane, Clarksville, TN 37042 | 267750 | 30 | 7.0 | 4.75% |
| Arrived Homes Series Reynolds | 2712 Trey Court, Ellenwood, GA 30294 |  | Cash |  |  |
| Arrived Homes Series Ribbonwalk | 3512 Ribbonwalk Trl, Charlotte, NC 28269 | 224000 | 30 | 7.0 | 3.875% |
| Arrived Homes Series Ridge | 308 Oristo Ridge Way, West Columbia, SC 29170 | 140400 | 30 | 5.0 | 4.625% |
| Arrived Homes Series Ritter | 8824 Canary Circle, Colorado Springs, CO 80908 |  | Cash |  |  |
| Arrived Homes Series River | 232 Rivers Edge Cir, Simpsonville, SC 29680 | 172250 | 30 | 5.0 | 4.625% |
| Arrived Homes Series Riverwalk | 6377 Winlerkorn Lane, Ooltewah, TN 37363 |  | Cash |  |  |
| Arrived Homes Series Rooney | 5309 S 18th Pl, Phoenix, AZ 85040 | 259000 | 30 | 7.0 | 3.875% |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Arrived Homes Series Roseberry | 5013 Paddy Field Way, Ladson, SC 29456 | 211250 | 30 | 5 | 4.625% |
| Arrived Homes Series Rosewood | 2633 Lily Way, Northport, AL 35473 | 189000 | 30 | 7 | 4.75% |
| Arrived Homes Series Roxy | 3736 Gray Fox Drive, Clarksville, TN 37040 | 220500 | 30 | 7 | 4.75% |
| Arrived Homes Series Saddlebred | 6213 Saddlebred Way, Colorado Springs, CO 80925 | 332500 | 30 | 5 | 3.875% |
| Arrived Homes Series Saint | 7713 W Long Boat Way, Tucson, AZ 85757 | 211992 | 30 | 7 | 3.875% |
| Arrived Homes Series Salem | 659 N Salem Rd, Fayetteville, AR 72704 | 212550 | 30 | 5 | 4.625% |
| Arrived Homes Series Saturn | 923 Jupiter St, Gastonia, NC 28052 | 139750 | 30 | 5 | 4.625% |
| Arrived Homes Series Scepter | 216 E Scepter Ln, Vail, AZ 85641 | 189000 | 30 | 5 | 3.875% |
| Arrived Homes Series Shoreline | 606 Shoreline Blvd, Boiling Springs, SC 29316 | 211900 | 30 | 5 | 4.625% |
| Arrived Homes Series Sigma | 116 Canvasback Dr, Durham, NC 27704 | 269500 | 30 | 7 | 3.875% |
| Arrived Homes Series Soapstone | 4672 W Soapstone Dr, Fayetteville, AR 72704 | 128250 | 10 | 5 | 4.0% |
| Arrived Homes Series Spencer | 9621 Spencer Woods Rd, Ladson, SC 29457 | 195000 | 30 | 5 | 4.625% |
| Arrived Homes Series Splash | 994 S Splash Dr, Fayetteville, AR 72701 | 122500 | 10 | 5 | 4.0% |
| Arrived Homes Series Stonebriar | 4342 Winchester Hills Drive, Birmingham, AL 35215 | 134400 | 30 | 7 | 4.75% |
| Arrived Homes Series Sugar | 300 Southern Sugar Ave, Moncks Corner, SC 29461 | 201500 | 30 | 5 | 4.625% |
| Arrived Homes Series Summerset | 2016 Culloden Dr, Summerville, SC 29483 | 165750 | 30 | 5 | 4.625% |
| Arrived Homes Series Swift | 3010 Chris Circle, Villa Rica, GA 30180 |  | Cash |  |  |
| Arrived Homes Series Terracotta | 10954 E Oak Grove Pl, Tucson, AZ 85747 | 222600 | 30 | 7 | 3.875% |
| Arrived Homes Series Tulip | 7339 Tulip Trestle Ct, Northport, AL 35473 | 221900 | 30 | 7 | 4.75% |
| Arrived Homes Series Tuscan | 3474 W Tuscan Rd, Fayetteville, AR 72704 | 181480 | 10 | 5 | 4.0% |
| Arrived Homes Series Tuxford | 958 Tuxford Trl, Elgin, SC 29045 | 178500 | 30 | 7 | 3.875% |
| Arrived Homes Series Vernon | 135 McMakin Dr, Lyman, SC 29365 | 181837 | 30 | 7 | 3.875% |
| Arrived Homes Series Walton | 3211 SW Stonepoint Avenue, Bentonville, AR 72712 | 227200 | Bridge | 1 | 11.5% |
| Arrived Homes Series Wave | 7491 Waverly Loop, Fairburn, GA 30213 | 224000 | 30 | 7 | 3.875% |
| Arrived Homes Series Weldon | 914 N Ransom St, Gastonia, NC 28052 | 136500 | 30 | 5 | 3.875% |
| Arrived Homes Series Wentworth | 352 N Mojave St, Farmington, AR 72730 | 158340 | 30 | 7 | 3.875% |
| Arrived Homes Series Wescott | 416 Sandburg Drive, Clarksville, TN 37042 | 136250 | 30 | 7 | 6.125% |
| Arrived Homes Series Westchester | 488 Forest Creek Way, Elgin, SC 29045 | 198900 | 30 | 5 | 4.625% |
| Arrived Homes Series Wildwood | 1672 Southern Heights Circle SE, Cleveland, TN 37311 | 110000 | 30 | 7 | 5.5% |
| Arrived Homes Series Windsor | 3910 Greico Rd, North Charleston, SC 29420 | 227500 | 30 | 5 | 4.625% |
| Arrived Homes Series Wisteria | 9300 Cotton Fields Cr, Tuscaloosa, AL 35405 | 207477 | 30 | 7 | 4.75% |
|  |  | $**21586510** |  |  |  |

---

The mortgages are secured by each Series' property. As of the period ending June 30, 2022, the entire principal of the mortgage loans remained outstanding.

Loan fees incurred in connection with the mortgage 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, 2022 and 2021, the Series recorded amortization of loan fees of $3,803 and $210. As of the period ending June 30, 2022, the Series' mortgage payable, net of unamortized loan fees of $254,454, was $21,334,056. As December 31, 2021, mortgage payable, net of unamortized loan fees of $2,444 was $171,756.

**NOTE 6: MEMBERS' EQUITY**

Each Series is managed by Arrived Holdings, Inc., a Delaware corporation and managing member of the Company (the "Manager"). 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 Series.

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 quarterly basis. However, the Manager may change the timing of distributions or determine that no distributions shall be made, in its sole discretion.

*Membership Interests*

 

During the six months ended June 30, 2022, the Series closed on its public offerings for net proceeds of <u>$23,032,198</u>. During the six months ended June 30, 2022, seven series were open for sale but closed subsequent to June 30, 2022. During the six months ended June 30, 2021, the Series closed on its public offerings for net proceeds of $622,789.

The following is a summary of the public offerings by each Series.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **June 30, 2022** | **June 30, 2022** | **June 30, 2021** | **June 30, 2021** |
| <br> **Series** | **# of Units <br> Issued** | **Net proceeds <br> from the <br> issuance of <br> membership units** | **# of Units <br> Issued** | **Net proceeds <br> from the <br> issuance of <br> membership units** |
| 100 | 69845 | $698445 |  | $- |
| 101 | 71256 | $712562 |  | $- |
| Abbington | 54811 | $548114 |  | $- |
| Amber | 14357 | $143575 |  | $- |
| Apollo | 9026 | $90258 |  | $- |
| Avebury | 12497 | $124968 |  | $- |
| Badminton |  | $- |  | $- |
| Bandelier | 14623 | $146233 |  | $- |
| Baron | 64645 | $646450 |  | $- |
| Basil |  | $- |  | $- |
| Bayside | 12182 | $121820 |  | $- |
| Bazzel |  | $- |  | $- |
| Bedford | 12194 | $121938 |  | $- |
| Burlington | 73633 | $736332 |  | $- |
| Butter | 15946 | $159459 |  | $- |
| Centennial |  | $- |  | $- |
| Chaparral |  | $- | 10374 | $103742 |
| Chelsea | 13619 | $136194 |  | $- |
| Clover |  | $- |  | $- |
| Coatbridge | 12969 | $129690 |  | $- |
| Collier |  | $- |  | $- |
| Collinston | 10154 | $101539 |  | $- |
| Cupcake |  | $- |  | $- |
| Davidson | 9152 | $91516 |  | $- |
| Dawson | 10864 | $108643 |  | $- |
| Delta | 14363 | $143629 |  | $- |
| Dewberry |  | $- |  | $- |
| Diablo | 12771 | $127710 |  | $- |
| Dogwood |  | $- |  | $- |
| Dolittle | 13235 | $132353 |  | $- |
| Dorchester |  | $- |  | $- |
| Dunbar | 23812 | $238125 |  | $- |
| Eastfair |  | $- |  | $- |
| Elevation | 12445 | $124453 |  | $- |
| Elm | 8128 | $81279 |  | $- |
| Emporia | 15105 | $151054 |  | $- |
| Ensenada | 22937 | $229373 |  | $- |
| Folly |  | $- |  | $- |
| Forest | 16107 | $161068 |  | $- |
| Gardens | 11504 | $115038 |  | $- |
| Grant | 16147 | $161469 |  | $- |
| Greenhill | 13910 | $139105 |  | $- |
| Grove | 10405 | $104049 |  | $- |
| Hadden | 10952 | $109524 |  | $- |
| Heritage | 12618 | $126176 |  | $- |
| Heron | 13085 | $130848 |  | $- |
| Hines | 29232 | $292317 |  | $- |
| Holcomb | 40542 | $405425 |  | $- |
| Holland | 10213 | $102128 |  | $- |
| Hollandaise | 16277 | $162766 |  | $- |
| Holloway |  | $- |  | $- |
| Jack | 18166 | $181655 |  | $- |
| Jake | 65717 | $657172 |  | $- |
| Johnny | 60131 | $601306 |  | $- |
| June | 65938 | $659380 |  | $- |
| Jupiter | 10418 | $104178 |  | $- |
| Kawana | 12576 | $125760 |  | $- |
| Kennesaw | 47931 | $479309 |  | $- |
| KerriAnn | 14459 | $144590 |  | $- |
| Kingsley |  | $- |  | $- |
| Kirkwood | 11531 | $115305 |  | $- |
| Lallie |  | $- |  | $- |
| Lanier | 16639 | $166389 |  | $- |
| Lannister | 9487 | $94872 |  | $- |
| Latte | 41252 | $412523 |  | $- |
| Lennox | 10487 | $104871 |  | $- |
| Lierly |  | $- | 9361 | $93614 |
| Lily | 23962 | $239624 |  | $- |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Limestone | 13690 | $136897 |  | $- |
| Lookout | 24003 | $240026 |  | $- |
| Louise | 13101 | $131009 |  | $- |
| Lovejoy | 12698 | $126977 |  | $- |
| Luna |  | $- |  | $- |
| Madison | 14523 | $145233 |  | $- |
| Magnolia | 11362 | $113622 |  | $- |
| Malbec |  | $- |  | $- |
| Mammoth | 14737 | $147371 |  | $- |
| Matchingham | 9428 | $94278 |  | $- |
| McGregor | 35014 | $350143 |  | $- |
| McLovin | 21769 | $217691 |  | $- |
| Meadow | 15677 | $156771 |  | $- |
| Mojave |  | $- |  | $- |
| Murphy | 12927 | $129274 |  | $- |
| Nugget | 63212 | $632125 |  | $- |
| Odessa | 21669 | $216686 |  | $- |
| Olive | 13575 | $135749 |  | $- |
| Oly | 21623 | $216226 |  | $- |
| Osprey | 39876 | $398762 |  | $- |
| Otoro | 16994 | $169943 |  | $- |
| Patrick |  | $- | 11275 | $112751 |
| Peanut | 9820 | $98198 |  | $- |
| Pearl | 61852 | $618522 |  | $- |
| Pecan |  | $- | 10584 | $105841 |
| Pinot |  | $- |  | $- |
| Pioneer | 64848 | $648480 |  | $- |
| Plumtree |  | $- | 10782 | $107821 |
| Point | 16836 | $168359 |  | $- |
| Reynolds | 48584 | $485843 |  | $- |
| Ribbonwalk | 13745 | $137452 |  | $- |
| Ridge | 10395 | $103950 |  | $- |
| Ritter | 57497 | $574972 |  | $- |
| River | 12627 | $126274 |  | $- |
| Riverwalk |  | $- |  | $- |
| Rooney | 15481 | $154806 |  | $- |
| Roseberry |  | $- |  | $- |
| Rosewood | 12200 | $121998 |  | $- |
| Roxy | 14219 | $142194 |  | $- |
| Saddlebred | 19585 | $195847 |  | $- |
| Saint | 14643 | $146431 |  | $- |
| Salem |  | $- |  | $- |
| Saturn | 10399 | $103990 |  | $- |
| Scepter | 11639 | $116394 |  | $- |
| Shoreline |  | $- |  | $- |
| Sigma | 16132 | $161320 |  | $- |
| Soapstone |  | $- | 9902 | $99020 |
| Spencer |  | $- |  | $- |
| Splash |  | $- |  | $- |
| Stonebriar | 9865 | $98654 |  | $- |
| Sugar | 14559 | $145589 |  | $- |
| Summerset |  | $- |  | $- |
| Swift | 39167 | $391674 |  | $- |
| Terracotta | 13822 | $138224 |  | $- |
| Tulip | 13875 | $138749 |  | $- |
| Tuscan |  | $- |  | $- |
| Tuxford | 11943 | $119434 |  | $- |
| Vernon | 11493 | $114929 |  | $- |
| Walton |  | $- |  | $- |
| Wave | 14170 | $141699 |  | $- |
| Weldon | 10204 | $102039 |  | $- |
| Wentworth |  | $- |  | $- |
| Wescott | 17739 | $177388 |  | $- |
| Westchester | 17931 | $179309 |  | $- |
| Wildwood | 14889 | $148886 |  | $- |
| Windsor |  | $- |  | $- |
| Wisteria | 12925 | $129254 | - | $- |
|  | **2203220** | $**22032198** | **62279** | $**622789** |

---

In connection with the public offering, each Series incurred brokerage fees of 1% of gross proceeds, which is paid directly to the broker as a deduction from gross proceeds. Additionally, pursuant to the operating agreement, the Manager charged each Series an offering expense reimbursement of 2% of gross proceeds. During the six month ended June 30, 2022 and 2021, offering expenses were $461,842 and $2,205, respectively.

*Distributions*

 

During the six months ended June 30, 2022, the Series made distributions to investors to of the respective Series totaling $355,319, which were recorded as a reduction to members' capital. During the six months ended June 30, 2021, the Series made distributions to investors to the respective Series totaling $9,241, which was recorded as a reduction to members' capital.

The following table the total distributions by Series during the six months ended June 30, 2022 and 2021.

---

| | | |
|:---|:---|:---|
| **Series** | **Period to Date Distributions June 30,<br> 2022** | **Period to Date Distributions June 30, <br> 2021** |
| 100 | $4233 | $- |
| 101 |  | $- |
| Abbington | 2768 | $- |
| Amber | 2615 | $- |
| Apollo | 456 | $- |
| Avebury | 1389 | $- |
| Badminton | 4479 | $- |
| Bandelier | 2954 | $- |
| Baron | 3265 | $- |
| Basil | 3730 | $- |
| Bayside | 3199 | $- |
| Bazzel |  | $- |
| Bedford | 1355 | $- |
| Burlington | 3719 | $- |
| Butter | 4188 | $- |
| Centennial | 4259 | $- |
| Chaparral | 5344 | $1677 |
| Chelsea | 1651 | $- |
| Clover |  | $- |
| Coatbridge | 3406 | $- |
| Collier |  | $- |
| Collinston | 1851 | $- |
| Cupcake | 5107 | $- |
| Davidson | 1664 | $- |
| Dawson | 2853 | $- |
| Delta | 2902 | $- |
| Dewberry | 3790 | $- |
| Diablo | 2580 | $- |
| Dogwood |  | $- |
| Dolittle | 3209 | $- |
| Dorchester |  | $- |
| Dunbar |  | $- |
| Eastfair | 3521 | $- |
| Elevation | 3268 | $- |
| Elm | 2135 | $- |
| Emporia | 3052 | $- |
| Ensenada | 5097 | $- |
| Folly |  | $- |
| Forest | 4237 | $- |
| Gardens | 1278 | $- |
| Grant | 3914 | $- |
| Greenhill | 3091 | $- |
| Grove | 526 | $- |
| Hadden | 1549 | $- |
| Heritage | 637 | $- |
| Heron | 661 | $- |
| Hines |  | $- |
| Holcomb |  | $- |
| Holland | 1857 | $- |
| Hollandaise | 1480 | $- |
| Holloway | 5762 | $- |

---

---

| | | |
|:---|:---|:---|
| Jack | 1651 | $- |
| Jake |  | $- |
| Johnny |  | $- |
| June |  | $- |
| Jupiter | 1894 | $- |
| Kawana | 2795 | $- |
| Kennesaw |  | $- |
| KerriAnn | 2921 | $- |
| Kingsley | 5194 | $- |
| Kirkwood | 582 | $- |
| Lallie | 6604 | $- |
| Lanier | 840 | $- |
| Lannister | 479 | $- |
| Latte |  | $- |
| Lennox | 2754 | $- |
| Lierly | 4917 | $1324 |
| Lily | 5342 | $- |
| Limestone | 3595 | $- |
| Lookout |  | $- |
| Louise | 1853 | $- |
| Lovejoy | 2565 | $- |
| Luna | 3700 | $- |
| Madison | 880 | $- |
| Magnolia | 574 | $- |
| Malbec | 6479 | $- |
| Mammoth | 744 | $- |
| Matchingham | 2476 | $- |
| McGregor | 2122 | $- |
| McLovin | 4838 | $- |
| Meadow | 2855 | $- |
| Mojave | 5449 | $- |
| Murphy | 3134 | $- |
| Nugget | 3193 | $- |
| Odessa | 4821 | $- |
| Olive | 3565 | $- |
| Oly | 4805 | $- |
| Osprey |  | $- |
| Otoro | 2060 | $- |
| Patrick | 4976 | $1701 |
| Peanut | 992 | $- |
| Pearl | 3124 | $- |
| Pecan | 5025 | $1497 |
| Pinot | 6534 | $- |
| Pioneer |  | $- |
| Plumtree | 6202 | $1743 |
| Point | 850 | $- |
| Reynolds |  | $- |
| Ribbonwalk | 2499 | $- |
| Ridge | 2730 | $- |
| Ritter |  | $- |
| River | 3318 | $- |
| Riverwalk |  | $- |
| Rooney | 3440 | $- |

---

---

| | | |
|:---|:---|:---|
| Roseberry | 5706 | $- |
| Rosewood | 616 | $- |
| Roxy | 718 | $- |
| Saddlebred | 4358 | $- |
| Saint | 2514 | $- |
| Salem | 6782 | $- |
| Saturn | 1891 | $- |
| Scepter | 2351 | $- |
| Shoreline | 4850 | $- |
| Sigma | 3269 | $- |
| Soapstone | 4701 | $1300 |
| Spencer | 5406 | $- |
| Splash | 5260 | $- |
| Stonebriar | 598 | $- |
| Sugar | 2941 | $- |
| Summerset | 4632 | $- |
| Swift | 2769 | $- |
| Terracotta | 1536 | $- |
| Tulip | 1822 | $- |
| Tuscan | 8270 | $- |
| Tuxford | 2654 | $- |
| Vernon | 3018 | $- |
| Walton |  | $- |
| Wave | 2863 | $- |
| Weldon | 1855 | $- |
| Wentworth | 6269 | $- |
| Wescott | 896 | $- |
| Westchester | 4722 | $- |
| Wildwood | 752 | $- |
| Windsor | 6113 | $- |
| Wisteria | 783 | $- |
|  | $**355319** | $**9241** |

---

**NOTE 7: RELATED PARTY TRANSACATIONS**

The Series' Manager, Arrived Holdings, Inc., is a managing member with common management of the Series.

*Due from (to) Related Party*

 ****

Each Series enters into various transactions with the Manager and affiliates of the Manager in the normal course of operating and financing activities. As of June 30, 2022, certain Series owed an aggregate of $3,551,202, including the initial funding for the certain properties' purchases. As of June 30, 2022, certain Series were owed an aggregate of $243,419 from the Manager. During the six months ended June 30, 2022 and 2021, certain Series repaid the Manager an aggregate of $22,032,198 and $0, respectively, after the Series' respective offerings. The advances are non-interest bearing with no stated repayment terms.

During the six months ended June 30, 2021, the Series repaid an aggregate of $1,254,615 in related party notes to the Manager.

*Deemed Contributions*

During the six months ended June 30, 2022 and 2021, certain Series received deemed contributions from the Manager totaling $59,891 and $0, respectively, in exchange for forgiveness of amounts previously due.

*Management Fees*

During the six months ended June 30, 2022 and 2021, total management fees charged by the Manager, including asset management fees and property management fees, were an aggregate of $122,269 and $3,599, respectively.

**NOTE 8: SUBSEQUENT EVENTS**

In July 2022, the Manager declared and paid a dividend distribution for certain Series totaling $177,733 based on operating results for the second quarter of fiscal 2022. The following table is the Q2 2022 distributions by Series:

---

| | |
|:---|:---|
| **Series Name** | **Q2 2022 Distributions** |
| 100 | $- |
| 101 |  |
| Abbington | 2768 |
| Amber | 1305 |
| Apollo | 456 |
| Avebury | 1389 |
| Badminton | 1420 |
| Bandelier | 1477 |
| Baron | 3265 |
| Basil | 1243 |
| Bayside | 1600 |
| Bazzel |  |
| Bedford | 1355 |
| Burlington | 3719 |
| Butter | 2094 |
| Centennial | 1420 |
| Chaparral | 1781 |
| Chelsea | 1651 |
| Clover |  |
| Coatbridge | 1703 |
| Collier |  |
| Collinston | 923 |
| Cupcake | 1738 |
| Davidson | 832 |
| Dawson | 1427 |
| Delta | 1741 |
| Dewberry | 1202 |
| Diablo | 1290 |
| Dogwood |  |
| Dolittle | 1604 |
| Dorchester |  |
| Dunbar |  |
| Eastfair | 1112 |
| Elevation | 1634 |
| Elm | 1067 |
| Emporia | 1831 |
| Ensenada | 2549 |
| Folly |  |
| Forest | 2115 |
| Gardens | 1278 |
| Grant | 1957 |
| Greenhill | 1827 |
| Grove | 526 |
| Hadden | 1549 |
| Heritage | 637 |
| Heron | 661 |
| Hines |  |
| Holcomb |  |
| Holland | 928 |
| Hollandaise | 1480 |
| Holloway | 1921 |
| Jack | 1651 |
| Jake |  |
| Johnny |  |
| June |  |
| Jupiter | 947 |

---

---

| | |
|:---|:---|
| Kawana | 1651 |
| Kennesaw |  |
| KerriAnn | 1461.0 |
| Kingsley | 1643.0 |
| Kirkwood | 582.0 |
| Lallie | 2201.0 |
| Lanier | 840.0 |
| Lannister | 479.0 |
| Latte |  |
| Lennox | 1377.0 |
| Lierly | 1702.0 |
| Lily | 2663.0 |
| Limestone | 1798.0 |
| Lookout |  |
| Louise | 1853.0 |
| Lovejoy | 1539.0 |
| Luna | 1169.0 |
| Madison | 880.0 |
| Magnolia | 574.0 |
| Malbec | 2206.0 |
| Mammoth | 744.0 |
| Matchingham | 1238.0 |
| McGregor | 2122.0 |
| McLovin | 2419.0 |
| Meadow | 1425.0 |
| Mojave | 1854.0 |
| Murphy | 1567.0 |
| Nugget | 3193.0 |
| Odessa | 2408.0 |
| Olive | 1783.0 |
| Oly | 2403.0 |
| Osprey |  |
| Otoro | 2060.0 |
| Patrick | 1583.0 |
| Peanut | 992.0 |
| Pearl | 3124.0 |
| Pecan | 1711.0 |
| Pinot | 2224.0 |
| Pioneer |  |
| Plumtree | 2067.0 |
| Point | 850.0 |
| Reynolds |  |
| Ribbonwalk | 1250.0 |
| Ridge | 1365.0 |
| Ritter |  |
| River | 1658.0 |
| Riverwalk |  |
| Rooney | 1720.0 |
| Roseberry | 1902.0 |
| Rosewood | 616.0 |
| Roxy | 718.0 |

---

---

| | |
|:---|:---|
| Saddlebred | 2176 |
| Saint | 1479 |
| Salem | 2133 |
| Saturn | 945 |
| Scepter | 1176 |
| Shoreline | 1616 |
| Sigma | 1630 |
| Soapstone | 1600 |
| Spencer | 1798 |
| Splash | 1791 |
| Stonebriar | 598 |
| Sugar | 1471 |
| Summerset | 1544 |
| Swift | 2769 |
| Terracotta | 1536 |
| Tulip | 1822 |
| Tuscan | 2640 |
| Tuxford | 1568 |
| Vernon | 1509 |
| Walton |  |
| Wave | 1718 |
| Weldon | 928 |
| Wentworth | 1783 |
| Wescott | 896 |
| Westchester | 2355 |
| Wildwood | 752 |
| Windsor | 2033 |
| Wisteria | 783 |
|  | $**177733** |

---

The following list represents acquisitions that are in contract but have not closed as of June 30, 2022.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Series Member Name** | **Address** | **Contract Date** | **Acquisition Date** | **Purchase Price** |
| Arrived Homes Series Aster | 490 W Aster Avenue, Farmington, AR 72730 | 6/13/2022 | 7/11/2022 | $255000 |
| Arrived Homes Series Belle | 1205 Ithaca Drive, McDonough, GA 30253 | 5/26/2022 | 6/10/2022 | 440000 |
| Arrived Homes Series Blossom | 601 Cass Road, Centerton, AR 72719 | 5/20/2022 | 7/25/2022 | 255000 |
| Arrived Homes Series Bonneau | 120 Caleb Court, Ladson, SC 29456 | 6/2/2022 | 7/21/2022 | 336000 |
| Arrived Homes Series Braxton | 10020 Braxton Drive, Union, KY 41091 | 6/13/2022 | 7/8/2022 | 323500 |
| Arrived Homes Series Camino | 326 32nd Place E, Tuscaloosa, AL 35405 | 6/20/2022 | 7/8/2022 | 265000 |
| Arrived Homes Series Chester | 6097 Amber Forest Trail, Hixson, TN 37343 | 6/16/2022 | 7/11/2022 | 372000 |
| Arrived Homes Series Chitwood | 7159 Berringer Court, Maineville, OH 45039 | 5/21/2022 | 6/9/2022 | 385000 |
| Arrived Homes Series Conway | 1113 Leland Avenue, Unit A, Nashville, TN 37216 | 5/26/2022 | 7/14/2022 | 685000 |
| Arrived Homes Series Creekside | 439 N Otoe Street, Farmington, AR 72730 | 6/9/2022 | 6/22/2022 | 311500 |
| Arrived Homes Series Creekwood | 361 Harbor Glen Drive SW, Madison, AL 35756 | 6/21/2022 | 7/11/2022 | 289500 |
| Arrived Homes Series Cumberland | 702 Jim Brown Drive, Clarksville, TN 37042 | 6/6/2022 | 7/6/2022 | 295000 |
| Arrived Homes Series Cypress | 3450 Cypress Club Trail, Austell, GA 30106 | 6/20/2022 | 7/15/2022 | 365000 |
| Arrived Homes Series Daisy | 1812 Anthony Drive, Rogers, AR 72756 | 6/6/2022 | 6/20/2022 | 302000 |
| Arrived Homes Series Dolly | 1845 Meade Avenue, Nashville, TN 37207 | 6/10/2022 | 6/24/2022 | 690000 |
| Arrived Homes Series Eagle | 554 N Goose Crossing, Farmington, AR 72730 | 3/29/2021 | 8/5/2022 | 270000 |
| Arrived Homes Series Falcon | 375 Canada Dr, Farmington, AR 72730 | 3/29/2021 | Pending | 270000 |
| Arrived Homes Series Goose | 561 N Goose Crossing, Farmington, AR 72730 | 3/29/2021 | 8/5/2022 | 251500 |
| Arrived Homes Series Hansel | 4457 Jack Faulk St, Murfreesboro, TN 37127 | 5/27/2022 | 8/26/2022 | 403990 |
| Arrived Homes Series Harrison | 5776 Caney Ridge Circle, Ooltewah, TN 37363 | 6/21/2022 | 7/8/2022 | 460000 |
| Arrived Homes Series Henry | 332 Madison Grace Avenue, McDonough, GA 30252 | 6/3/2022 | 6/16/2022 | 412000 |
| Arrived Homes Series Highland | 139 Highland Park Court, Easley, SC 29642 | 2/21/2022 | 6/24/2022 | 272973 |
| Arrived Homes Series Inglewood | 1802B Porter Road, Nashville, TN 37206 | 6/25/2022 | 7/12/2022 | 679000 |
| Arrived Homes Series Jill | 4481 Jack Faulk Street, Murfreesboro, TN 37127 | 5/13/2022 | 7/27/2022 | 402640 |
| Arrived Homes Series Kenny | 1843 Meade Avenue, Nashville, TN 37207 | 6/10/2022 | 6/24/2022 | 690000 |
| Arrived Homes Series Kessler | 12520 Meadow Oaks Lane, Farmington, AR 72730 | 6/3/2022 | 6/22/2022 | 257000 |
| Arrived Homes Series Loretta | 1113 Leland Avenue, Unit B, Nashville, TN 37216 | 5/26/2022 | 7/15/2022 | 685000 |
| Arrived Homes Series Mae | 7088 Luna Mae Court, Boiling Springs, SC 29316 | 3/7/2022 | 6/22/2022 | 353707 |
| Arrived Homes Series Marcelo | 3045 Republic Way, Hebron, KY 41048 | 6/14/2022 | 7/29/2022 | 285000 |
| Arrived Homes Series Marietta | 436 Marietta Ln, Greer, SC 29651 | 1/5/2022 | 6/30/2022 | 304225 |
| Arrived Homes Series Piedmont | 4774 Brookwood Place, Atlanta, GA 30349 | 6/17/2022 | 6/29/2022 | 385000 |
| Arrived Homes Series Quincy | 27003 E Archer Avenue, Aurora, CO 80018 | 6/4/2022 | 6/28/2022 | 550000 |
| Arrived Homes Series Reginald | 1201 Ithaca Drive, McDonough, GA 30253 | 6/17/2022 | 7/5/2022 | 435000 |
| Arrived Homes Series Richardson | 531 Arkansas Black, Bentonville, AR 72712 | 6/21/2022 | 7/8/2022 | 315000 |
| Arrived Homes Series Shallowford | 7258 Noah Reid Road, Chattanooga, TN 37421 | 6/18/2022 | 7/12/2022 | 362000 |
| Arrived Homes Series Sodalis | 8539 Gold Rush Way, Camby, IN 46113 | 6/1/2022 | 6/27/2022 | 290000 |
| Arrived Homes Series Spring | 352 Robin Helton Drive, Boiling Springs, SC 29316 | 5/19/2022 | 6/30/2022 | 248000 |
| Arrived Homes Series Taylor | 2209 44th Avenue, Northport, AL 35476 | 6/12/2022 | 6/29/2022 | 230000 |
| Arrived Homes Series Wellington | 412 Astoria Way, McDonough, GA 30253 | 6/16/2022 | 7/7/2022 | 405000 |
| Arrived Homes Series Willow | 825 NW 68th Avenue, Bentonville, AR 72713 | 6/8/2022 | 7/13/2022 | 293000 |
| Arrived Homes Series Wilson | 6217 W Persimmon Street, Fayetteville, AR 72704 | 6/7/2022 | 7/1/2022 | 385000 |
| Arrived Homes Series Winston | 8304 Stillwater Circle NW, Huntsville, AL 35806 | 6/16/2022 | 7/8/2022 | 329000 |
|  |  |  |  | $15793535.00 |

---

**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](http://www.sec.gov/Archives/edgar/data/1821720/000121390021001523/ea133103ex4-1_arrivedhome.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 Arrived 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) |
| 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) |
| 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) |

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| | |
|:---|:---|
| 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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://www.sec.gov/Archives/edgar/data/1821720/000121390022046932/ea163907ex6-194_arrived.htm) |

---

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| | |
|:---|:---|
| 6.194.1\* | [Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Cypress dated June 22, 2022 for Series Cypress Property](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://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](http://www.sec.gov/Archives/edgar/data/1821720/000121390022055059/ea165450ex6-203i_arrived.htm) |
| 8.1\* | [Form of Escrow Agreement dated \[\*\], 202\[\*\], by and among North Capital Private Securities Corporation, Arrived Holdings, Inc. and Arrived Homes Series \[\*\] LLC, a series of Arrived Homes, LLC (incorporated by reference to Exhibit 8.1 to the Form 1-A filed on January 12, 2021)](http://www.sec.gov/Archives/edgar/data/1821720/000121390022010728/ea156038ex8-1_arrived.htm) |

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\* Previously Filed

**SIGNATURES**

Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form 1-A and has duly caused this offering statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on February 8, 2023.

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

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This offering statement has been signed by the following persons, in the capacities, and on the dates indicated.

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| | | | |
|:---|:---|:---|:---|
| **SIGNATURE** | **SIGNATURE** | **TITLE** | **DATE** |
| /s/ Ryan Frazier | /s/ Ryan Frazier | Chief Executive Officer of Arrived Holdings, Inc. | February 8, 2023 |
| Ryan Frazier | Ryan Frazier | (principal executive officer)<br> Chief Executive Officer and <br> Director of Arrived Homes, LLC |  |
| /s/ Joel Mezistrano | /s/ Joel Mezistrano | Principal Financial and | February 8, 2023 |
| Joel Mezistrano | Joel Mezistrano | Accounting Officer of Arrived Holdings, Inc. <br> Principal Financial and<br> Accounting Officer of Arrived Homes, LLC  |  |
| Arrived Holdings, Inc. | Arrived Holdings, Inc. | Managing Member | February 8, 2023 |
| By: | /s/ Ryan Frazier |  |  |
| Name: | Ryan Frazier |  |  |
| Title: | Chief Executive Officer |  |  |

---