●
|
Our Net Asset Value (“NAV”) Per Share as of April 25, 2024; and
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|
● | Historical NAV Information |
(In thousands, except share and per share amounts)
|
February 29, 2024 [1] | |||
ASSETS
|
||||
Investments, at fair value
|
$
|
6,741,758 | ||
Cash and cash equivalents
|
1,057,002 | |||
Other assets
|
1,995 | |||
Total Assets
|
$
|
$7,800,755 | ||
LIABILITIES
|
||||
Accounts payable
|
$
|
86,380 | ||
Due to related party
|
220,951 | |||
Note payable
|
634,369 | |||
Distributions payable
|
- | |||
Settling subscriptions
|
- | |||
Total Liabilities
|
$
|
$941,700 | ||
NET ASSETS CONSIST OF:
|
||||
Arrived SFR Genesis Fund, LLC Members’ Equity:
|
||||
Common shares; 750,579 shares outstanding, net of offering costs, on February 29, 2024
|
$
|
7,245,301 | ||
Retained earnings (Accumulated deficit)
|
(386,246) | |||
Net adjustments to fair value
|
403,732 | |||
Capitalized up front offering fees | 217,284 | |||
NET ASSETS
|
$
|
7,480,071 | ||
NET ASSET VALUE PER SHARE, on 750,579 shares outstanding, net of offering costs, for the period ended February 29, 2024
|
$
|
9.97 |
|
●
|
an estimated value of our investments, as determined by the Manager’s asset management team, including related liabilities, based upon (a) information from publicly available sources about (i) market rents, comparable sales information and interest rates and (ii) with respect to debt, default rates and discount rates, and (b) in certain instances reports of the underlying real estate provided by an independent valuation expert or automated valuation models;
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●
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the price of liquid assets for which third party market quotes are available;
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|
●
|
accruals of our periodic distributions on our common shares; and
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|
●
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estimated accruals of the revenues, fees and expenses where we will (a) amortize the brokerage fee, offering expenses and sourcing fee over five years and (b) include accrued fees and operating expenses, accrued distributions payable, accrued management fees and any inter-company loans extended to the Company by our Manager.
|
Date
|
|
NAV Per Share
|
|
|
Inception (September 25, 2023)
|
|
$
|
10.00
|
|
April 25, 2024
|
|
$
|
9.97
|
|