Landa Alternatives: Where to Buy Shares of US Rental Homes Now
Landa has been dark since April 2025, so anyone who liked the idea of a few dollars in a specific US rental home needs a new platform. The closest alternatives in 2026 are Arrived, which sells SEC-qualified shares of single-family rentals from $100 with a monthly secondary market, Ark7, which sells the same structure from $20 with monthly payouts and a PPEX market after a year, Lofty, which sells tokenized homes from $50 with daily rent and a 24-hour marketplace, and Realbricks, a newer $100 entry with quarterly payouts. This guide ranks them on the four things that would have caught Landa's problems early: leverage, who the manager is, what it files, and how you get out. Threeworld lists every one of their open properties side by side and never holds your money.
| Arrived | Ark7 | Lofty.ai | Realbricks | |
|---|---|---|---|---|
| Minimum | $100 | $20 | $50 | $100 |
| What you own | Shares of a separate series of a Delaware series LLC, one series per home, offered under Regulation A Tier 2 through the broker-dealer Dalmore Group. The funds are Reg A Tier 2 shares of their own LLCs | Interests in a numbered series of Ark7 Properties LLC, a Delaware series company managed by Ark7 Inc., each series owns one rental home and you own the series, not the house or Ark7 | Fractional membership in a separate LLC that owns each property, recorded as tokens on Algorand and traded in USDC. Lofty AI, Inc. runs the marketplace and says it is not a registered broker-dealer, adviser or exchange | Interests in a numbered series of Neptune REM, LLC, a Delaware series company managed by Terra Mint Group, each series owns one rental home and you own the series, not the house |
| Regulator | US SEC, Regulation A Tier 2, with annual and semi-annual reports on EDGAR | US Securities and Exchange Commission, series offerings qualified under Regulation A and sold through Dalmore Group LLC, a FINRA member broker-dealer | Not published | US Securities and Exchange Commission, offerings qualified under Regulation A and sold through Dalmore Group LLC, a FINRA member broker-dealer |
| Lock-up | Six months on both routes | 12 months, and any transfer needs the managing member's written consent | None, there is no minimum holding period | Not published |
| How you sell | Peer-to-peer secondary market on the PPEX alternative trading system for property shares, a quarterly redemption programme for the funds | Secondary market on PPEX, an alternative trading system, once the holding period has passed, with trades settling in one to three business days according to Ark7 | An on-platform exchange open around the clock, limit orders matched between investors and market orders filled by market makers, plus buyback proposals and investor votes to sell a whole property | Quotation on PPEX, an alternative trading system run by North Capital, otherwise hold until the property is sold |
| Sale guaranteed | No. Arrived says liquidity is not guaranteed, sales depend on buyer demand and fund redemptions are capped | No. Ark7 says no secondary market may develop or be sustained and investors must be prepared to hold shares indefinitely | No. A limit order fills only when another investor matches it and Lofty promises neither a buyer nor a return of capital | No. The offering circular says no active trading market exists, only the Dalmore Series trades on PPEX, and investors should be prepared to hold for an indefinite period |
| To buy | 3.5% of the home's purchase price, built into the share price | 3% sourcing fee on the offering size | 2.5% of each share purchase | Sourcing fee of up to 7% of the purchase price plus a 1% to 2.5% broker commission |
| Each year | 0.6% of the purchase price a year (0.15% a quarter) for single family rentals, plus 8% of gross rent to the property manager | 15% of free cash flow as an asset management fee | Not published | 8% of gross rent plus a 0.75% quarterly asset management fee |
| To sell | Up to 2.5% on each side of a secondary market trade | Not published | 3% of each share sale | 6% to 8% disposition fee on the sale price |
| Sources | Arrived on Threeworldoffering circular on SEC EDGARArrived help centreArrived help centre | Ark7 on ThreeworldArk7 Properties offering circular (SEC, 13 October 2026)Ark7 | Lofty.ai on ThreeworldLofty, how it works | Realbricks on ThreeworldNeptune REM offering circular (SEC, 5 October 2026)Realbricks |
Table of contents
What Landa Sold, and What Broke
Landa sold $5 membership interests in a series of a Delaware series LLC, one series per rental home, offered under Regulation A, with monthly dividends and an in-app market where investors traded shares for a 2% fee. The homes were in Georgia and New York, and the pitch was that anyone could own a slice of a house for the price of a coffee. What broke was not the structure. The homes carried mortgages, new raises slowed, the holding company could no longer cover the gap, dividends stopped in January 2025, the app went down on 5 April 2025 and the lenders sued over more than $35 million in defaulted loans a month later. What happened to Landa has the full timeline. The short version for anyone choosing a replacement: the series LLC separated the houses from each other, not from a leveraged manager, and the app was the only record investors had. So the ranking below weighs four things above minimum and yield. How much debt sits on each home. Who the manager is and how it makes money. What it files with the SEC and how often. And whether an exit exists that does not depend on the manager staying in business.
1. Arrived: The Regulated Default from $100
Arrived is the largest platform selling what Landa sold, and the one with the most paperwork behind it. Each home sits in its own series of a Delaware series LLC, shares are qualified by the SEC under Regulation A Tier 2 and sold through the broker-dealer Dalmore Group, and Arrived files annual and semi-annual reports on EDGAR. The minimum is $100 and dividends are monthly. Leverage: Arrived's circular states the loan on each series, and many homes carry none. Read the series' financing line before you buy, because it differs house by house. Manager: Arrived was founded in Seattle in 2019 and its backers include Jeff Bezos, Marc Benioff and Dara Khosrowshahi. It earns a 3.5% sourcing fee built into the share price, 0.6% of the purchase price a year and 8% of rent to the property manager. Exit: a secondary market on the PPEX alternative trading system, open one week a month after a six-month hold, with up to 2.5% a side to the executing broker. No buyer is guaranteed. What the index shows: Arrived is the largest US source on Threeworld, with the most conservative projected yields of the group, around 4%. The Arrived review and Is Arrived safe cover the detail.
2. Ark7: The Same Structure from $20, Monthly Payouts
Ark7 is the nearest thing to Landa's price point with Landa's structure done properly. Each home is a numbered series of Ark7 Properties LLC, managed by Ark7 Inc. in San Francisco, qualified under Regulation A and sold through Dalmore Group. Shares start around $20 with no minimum number of shares, and rent after expenses is paid on the third of every month. Leverage: Ark7's circular states each series' financing. Its stated plan is to hold homes for ten years or more, and investors do not vote on a sale. Manager: Ark7 was founded in 2018 by former Google engineer Andy Zhao and reports more than 300,000 investors (self-reported). It takes a 3% sourcing fee from each raise and keeps 15% of a property's free cash flow, so you receive 85% of what the home clears, with no fee on assets under management. Exit: shares can be sold on PPEX after a 12-month holding period, with the managing member's consent, and Ark7 says trades usually settle in one to three business days. It also says no market may develop or last. What the index shows: Ark7 is profiled on Threeworld and its listings will join the index when they can be read. The Ark7 review goes deeper, and Arrived vs Ark7 sets the two closest alternatives against each other.
3. Lofty: Daily Rent and an Exit Any Hour, in Your Own Wallet
Lofty sells the same thing by a different route. Each home is owned by its own LLC and your membership is recorded as a token on the Algorand blockchain, from $50, with rent paid every day in USDC and a marketplace open around the clock with no holding period. Leverage: Lofty's listings show each property's costs and financing, and the LLC pays its own manager out of rent, so the daily payout is net of them. Manager: Lofty AI, Inc., founded in Austin in 2020, charges 2.5% on each purchase and 3% on each sale and bills no annual fee. It names no regulator and is not a registered broker-dealer, adviser or exchange, which is the main difference from Arrived and Ark7: the protections are the LLC agreement and Lofty's own disclosures, not an SEC-qualified offering. Exit: the most liquid of the four on paper, a limit order at any hour or an instant fill from a market maker for an extra 2.5%. A limit order fills only when another investor takes it. What the index shows: Lofty's homes sit in lower-priced US metros, so its projected yields are above the index median and its token prices at the bottom. The Lofty review covers custody and the stablecoin conversion, and the RealT liquidation is the case for reading a tokenized platform's structure before its yield.
4. Realbricks: $10 Shares, Quarterly Payouts, One Series Trading
Realbricks is the newest of the four and the closest to Landa's share price. Shares are $10 with a ten-share minimum, each home is a numbered series of Neptune REM, LLC managed by Terra Mint Group in Norfolk, Nebraska, and the offerings are qualified under Regulation A and sold through Dalmore Group. Homes are in Indiana, Kentucky and Texas and distributions are quarterly. Leverage and fees: 8% of gross rent plus a 0.75% quarterly asset management fee while you hold, and a 6% to 8% disposition fee on the sale price when the home is sold. The financing is in each series' circular. Manager: founded in 2023, with iOS and Android apps. It is small, and its circular says so. Exit: Realbricks intends to list series on PPEX, and as of October 2026 its circular says only one series trades there and no active market exists. Plan to hold until the home is sold. US residents with a US bank account only. It ranks last because it is the youngest and the least liquid, not because anything is wrong with it. For a first $100 the filings are the same quality as Arrived's.
What Is Not on This List
Fundrise is the platform most Landa investors already know, and it is not an alternative in the strict sense: it sells shares of diversified funds from $10, not slices of named homes, and it suspended redemptions on its legacy eREITs from October 2025 to April 2026 while it merged them. The Fundrise alternatives guide and Arrived vs Fundrise cover that choice. Fintor sold $5 shares like Landa and withdrew its SEC offering in December 2023 without selling a unit. Its site still describes a property app. Concreit's Home Shares are $100 interests in single homes with quarterly payouts, but its main product is a loan fund, and it is profiled rather than ranked. Mogul sells from $250 with higher projections and no named regulator, and Arrived vs Mogul covers it. Every closed or paused platform, including Landa, sits on the frozen withdrawals tracker with its date and source.
Verdict
If you want the Landa idea with the problems fixed, Arrived is the default: the same series structure, a regulator-qualified offering, public filings, a monthly exit window and a manager with deep backers. If the $5 price mattered more than the $100 one, Ark7 at $20 is the same structure with a longer lock-up. If daily rent and an exit at any hour matter more than a named regulator, Lofty. If you want $10 shares and can hold for years, Realbricks. Whatever you choose, do the three things Landa's investors could not: read the financing line in the circular, download every statement the day it arrives, and keep any one platform small enough that a freeze would be an annoyance. The table above sets the four side by side from their own filings, and the top-rated fractional properties list ranks every open home across them by Threeworld Score.
Questions people ask
What is the best alternative to Landa?
- Arrived, for most people. It sells SEC-qualified Regulation A shares of individual US rental homes from $100 with monthly dividends and a monthly secondary market, files annual and semi-annual reports, and is backed by Jeff Bezos, Marc Benioff and Dara Khosrowshahi. Ark7 is the closest on price at $20 a share.
Is there a $5 real estate app like Landa?
- Not a working one. Landa went dark in April 2025 and Fintor withdrew its $5 offering in 2023. The lowest entries that are open today are Ark7 at around $20 a share, Lofty at $50 a token, and Realbricks at $10 a share with a ten-share minimum.
Is Arrived safer than Landa was?
- The structure is the same, a series LLC per home under Regulation A, but Arrived states each series' loan in its circular, files reports on EDGAR and sells through a FINRA broker-dealer, and its backers have deep pockets. Those are the disclosures and the cushion Landa's investors lacked when its lenders took control. No platform is risk-free.
Can Landa investors move their shares to another platform?
- No. Landa shares are membership interests in Landa's own series LLCs, now under an independent manager installed by its lenders. They cannot be transferred to Arrived, Ark7 or anyone else. Recovery, if any, comes from the sale of each series' home after its loan is repaid.
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