Filed Pursuant to Rule 253(g)(2)

File No. 024-11958

Arrived STR, LLC

SUPPLEMENT NO. 4 DATED April 28, 2026
TO THE OFFERING CIRCULAR DATED January 30, 2025

This document supplements, and should be read in conjunction with, the offering circular of Arrived STR, LLC ("we", "our" or "us"), dated January 30, 2025, as previously supplemented, and filed by us with the Securities and Exchange Commission (the "Commission") (collectively, the "Offering Circular"). Unless otherwise defined in this supplement, capitalized terms used in this supplement shall have the same meanings as set forth in the Offering Circular.

 

The purpose of this supplement is to disclose:

 

 

Our Net Asset Value ("NAV") Per Interest for each series as of April 25, 2026.

 

Net Asset Value as of April 25, 2026

 

As of April 25, 2026, our net asset value ("NAV") per interest for each series is set in the table below. This NAV per interest shall be effective until updated by us on or about July 25, 2026.

 

Series

 

NAV Per Interest

 

Ace

 

$8.94

 

Billingswood

 

$8.93

 

Cactus

 

$7.82

 

Cardinal

 

$14.18

 

Coolbaugh

 

$9.11

 

Hammock

 

$6.60

 

Havasu

 

$8.02

 

Hickorybear

 

$8.11

 

Kinlani

 

$10.38

 

Koi

 

$12.79

 

Lakeridge

 

$8.58

 

Lodge

 

$9.67

 

Longbranch

 

$8.90

 

Loop

 

$8.35

 

Mirage

 

$7.79

 

Myrtle

 

$8.57

 

Oasis

 

$6.02

 

Opry

 

$7.26

 

Orchard

 

$9.51

 

Palm

 

$6.81

 

Pasquin

 

$8.51

 

Pickler

 

$11.11

 

Pointbreak

 

$7.25

 

Regal

 

$7.06

 

Serenity

 

$10.56

 

Smokey

 

$9.60

 

Solstice

 

$8.98

 

Sugarcreek

 

$6.46

 

SuiteSpot

 

$9.86

 

 

The following sets forth the calculation of each series' NAV per interest:

 



BALANCE SHEET (UNAUDITED) [1]

 

 

 

Ace

 

 

Billingswood

 

 

Cactus

 

 

Cardinal

 

 

Coolbaugh

 

 

Hammock

 

 

Havasu

ASSETS

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Current assets:

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Cash

$

13,807 

 

$

79 

 

$

9,288 

 

$

20,274 

 

$

4,899 

 

$

2,862 

 

$

1,441 

Other receivables

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepaid expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

(2,099) 

 

 

1,000 

 

 

9,640 

 

 

(10,797) 

 

 

4,355 

 

 

4,634 

 

 

2,235 

Property and equipment, net

 

989,421 

 

 

946,278 

 

 

978,601 

 

 

762,694 

 

 

449,203 

 

 

510,860 

 

 

1,002,818 

Total assets

$

1,015,984 

 

$

947,357 

 

$

997,529 

 

$

783,663 

 

$

458,457 

 

$

518,356 

 

$

1,006,494 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

LIABILITIES

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Current liabilities:

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Accrued expenses

$

940 

 

$

28,616 

 

$

10,981 

 

$

2,909 

 

$

3,463 

 

$

25,011 

 

$

11,468 

Accounts payable

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to (from) related parties

 

20,316 

 

 

66,292 

 

 

20,680 

 

 

25,125 

 

 

5,632 

 

 

8,569 

 

 

13,124 

Tenant deposits

 

 

 

 

 

 

 

 

 

 

 

 

 

Note payable, related party

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage payables

 

432,520 

 

 

 

 

436,884 

 

 

306,277 

 

 

 

 

224,948 

 

 

468,366 

Total liabilities

$

512,775 

 

$

319,608 

 

$

483,845 

 

$

365,411 

 

$

60,295 

 

$

321,228 

 

$

546,758 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

MEMBERS' EQUITY (DEFICIT)

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Members' capital

 

659,709 

 

 

1,065,859 

 

 

663,131 

 

 

464,093 

 

 

615,510 

 

 

543,113 

 

 

749,949 

Accumulated deficit

 

(156,500) 

 

 

(438,111) 

 

 

(149,448) 

 

 

(45,842) 

 

 

(217,348) 

 

 

(345,984) 

 

 

(290,212) 

Total members' equity (deficit)

$

503,209 

 

$

627,748 

 

$

513,684 

 

$

418,252 

 

$

398,162 

 

$

197,129 

 

$

459,737 

Total liabilities and members' equity (deficit)

$

1,015,984 

 

$

947,357 

 

$

997,529 

 

$

783,663 

 

$

458,457 

 

$

518,356 

 

$

1,006,494 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

NET FAIR VALUE OF ASSETS

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Net asset value with members' equity (without fair value adjustments)

 

503,209 

 

 

627,748 

 

 

513,684 

 

 

418,252 

 

 

398,162 

 

 

197,129 

 

 

459,737 

Net adjustments to fair value

 

293,258 

 

 

372,545 

 

 

184,792 

 

 

520,645 

 

 

250,202 

 

 

208,600 

 

 

276,814 

TOTAL NET ASSETS

$

796,467 

 

$

1,000,293 

 

$

698,476 

 

$

938,897 

 

$

648,363 

 

$

405,729 

 

$

736,550 

NET ASSET VALUE PER INTEREST

$

8.94 

 

$

8.93 

 

$

7.82 

 

$

14.18 

 

$

9.11 

 

$

6.60 

 

$

8.02 

 

 

 

Hickorybear

 

 

Kinlani

 

 

Koi

 

 

Lakeridge

 

 

Lodge

 

 

Longbranch

 

 

Loop

ASSETS

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Current assets:

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Cash

$

5,960 

 

$

38,076 

 

$

21,992 

 

$

4,452 

 

$

18,923 

 

$

18,160 

 

$

9,063 

Other receivables

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepaid expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

1,645 

 

 

4,214 

 

 

5,761 

 

 

4,909 

 

 

3,972 

 

 

5,171 

 

 

Property and equipment, net

 

701,619 

 

 

721,368 

 

 

742,571 

 

 

543,729 

 

 

994,413 

 

 

794,059 

 

 

655,591 

Total assets

$

709,223 

 

$

763,658 

 

$

770,324 

 

$

553,090 

 

$

1,017,308 

 

$

821,935 

 

$

664,706 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

LIABILITIES

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Current liabilities:

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Accrued expenses

$

8,892 

 

$

4,125 

 

$

4,078 

 

$

8,578 

 

$

13,183 

 

$

9,944 

 

$

2,829 

Accounts payable

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to (from) related parties

 

18,508 

 

 

12,839 

 

 

14,671 

 

 

5,614 

 

 

17,235 

 

 

22,196 

 

 

6,433 

Tenant deposits

 

 

 

 

 

 

 

 

 

 

 

 

 

Note payable, related party

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage payables

 

 

 

 

 

 

 

280,029 

 

 

 

 

 

 

Total liabilities

$

84,800 

 

$

16,963 

 

$

18,749 

 

$

342,720 

 

$

84,318 

 

$

42,840 

 

$

58,463 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

MEMBERS' EQUITY (DEFICIT)

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Members' capital

 

838,720 

 

 

759,395 

 

 

843,454 

 

 

404,681 

 

 

1,184,614 

 

 

931,460 

 

 

778,750 

Accumulated deficit

 

(214,297) 

 

 

(12,700) 

 

 

(91,879) 

 

 

(194,310) 

 

 

(251,625) 

 

 

(152,366) 

 

 

(172,507) 

Total members' equity (deficit)

$

624,423 

 

$

746,695 

 

$

751,574 

 

$

210,370 

 

$

932,990 

 

$

779,094 

 

$

606,243 

Total liabilities and members' equity (deficit)

$

709,223 

 

$

763,658 

 

$

770,324 

 

$

553,090 

 

$

1,017,308 

 

$

821,935 

 

$

664,706 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

NET FAIR VALUE OF ASSETS

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Net asset value with members' equity (without fair value adjustments)

 

624,423 

 

 

746,695 

 

 

751,574 

 

 

210,370 

 

 

932,990 

 

 

779,094 

 

 

606,243 

Net adjustments to fair value

 

188,489 

 

 

274,791 

 

 

562,873 

 

 

210,342 

 

 

446,395 

 

 

222,220 

 

 

152,766 

TOTAL NET ASSETS

$

812,912 

 

$

1,021,486 

 

$

1,314,447 

 

$

420,712 

 

$

1,379,385 

 

$

1,001,315 

 

$

759,009 

NET ASSET VALUE PER INTEREST

$

8.11 

 

$

10.38 

 

$

12.79 

 

$

8.58 

 

$

9.67 

 

$

8.90 

 

$

8.35 

 

 

 

Mirage

 

 

Myrtle

 

 

Oasis

 

 

Opry

 

 

Orchard

 

 

Palm

 

 

Pasquin

ASSETS

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Current assets:

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Cash

$

3,156 

 

$

9,381 

 

$

1,323 

 

$

3,761 

 

$

4,989 

 

$

5,261 

 

$

4,148 

Other receivables

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepaid expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

37 

 

 

 

 

 

 

(77) 

 

 

6,076 

 

 

2,958 

 

 

2,155 

Property and equipment, net

 

591,786 

 

 

411,219 

 

 

928,748 

 

 

1,022,106 

 

 

533,371 

 

 

716,319 

 

 

483,671 

Total assets

$

594,980 

 

$

420,600 

 

$

943,989 

 

$

1,025,789 

 

$

544,436 

 

$

724,539 

 

$

489,974 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

LIABILITIES

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Current liabilities:

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Accrued expenses

$

8,338 

 

$

2,291 

 

$

4,119 

 

$

5,476 

 

$

998 

 

$

24,079 

 

$

3,669 

Accounts payable

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to (from) related parties

 

14,295 

 

 

14,606 

 

 

22,217 

 

 

18,189 

 

 

4,861 

 

 

109,507 

 

 

7,654 

Tenant deposits

 

 

 

 

 

 

 

 

 

 

 

 

 

Note payable, related party

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage payables

 

 

 

 

 

478,196 

 

 

457,573 

 

 

 

 

309,766 

 

 

Total liabilities

$

177,533 

 

$

16,897 

 

$

620,932 

 

$

498,138 

 

$

32,759 

 

$

595,474 

 

$

84,023 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

MEMBERS' EQUITY (DEFICIT)

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Members' capital

 

717,885 

 

 

547,784 

 

 

574,444 

 

 

756,253 

 

 

704,032 

 

 

541,348 

 

 

631,074 

Accumulated deficit

 

(300,438) 

 

 

(144,081) 

 

 

(251,388) 

 

 

(228,602) 

 

 

(192,355) 

 

 

(412,284) 

 

 

(225,123) 

Total members' equity (deficit)

$

417,447 

 

$

403,703 

 

$

323,057 

 

$

527,651 

 

$

511,677 

 

$

129,065 

 

$

405,951 

Total liabilities and members' equity (deficit)

$

594,980 

 

$

420,600 

 

$

943,989 

 

$

1,025,789 

 

$

544,436 

 

$

724,539 

 

$

489,974 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

NET FAIR VALUE OF ASSETS

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Net asset value with members' equity (without fair value adjustments)

 

417,447 

 

 

403,703 

 

 

323,057 

 

 

527,651 

 

 

511,677 

 

 

129,065 

 

 

405,951 

Net adjustments to fair value

 

237,604 

 

 

148,865 

 

 

117,099 

 

 

146,502 

 

 

276,377 

 

 

302,025 

 

 

216,888 

TOTAL NET ASSETS

$

655,051 

 

$

552,568 

 

$

440,156 

 

$

674,153 

 

$

788,054 

 

$

431,090 

 

$

622,839 

NET ASSET VALUE PER INTEREST

$

7.79 

 

$

8.57 

 

$

6.02 

 

$

7.26 

 

$

9.51 

 

$

6.81 

 

$

8.51 

 

 

 

Pickler

 

 

Pointbreak

 

 

Regal

 

 

Serenity

 

 

Smokey

 

 

Solstice

 

 

Sugarcreek

ASSETS

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Current assets:

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Cash

$

81,660 

 

$

11,262 

 

$

4,673 

 

$

47,569 

 

$

10,039 

 

$

38,419 

 

$

4,112 

Other receivables

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepaid expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

14,978 

 

 

 

 

 

 

(1,769) 

 

 

(315) 

 

 

794 

 

 

3,605 

Property and equipment, net

 

1,072,714 

 

 

382,337 

 

 

905,138 

 

 

1,029,279 

 

 

713,382 

 

 

722,433 

 

 

411,855 

Total assets

$

1,169,352 

 

$

400,612 

 

$

909,811 

 

$

1,075,079 

 

$

723,106 

 

$

766,626 

 

$

419,572 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

LIABILITIES

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Current liabilities:

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Accrued expenses

$

3,774 

 

$

10,005 

 

$

7,263 

 

$

7,645 

 

$

5,074 

 

$

2,607 

 

$

7,484 

Accounts payable

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to (from) related parties

 

18,578 

 

 

20,955 

 

 

10,605 

 

 

15,086 

 

 

10,534 

 

 

9,618 

 

 

6,947 

Tenant deposits

 

 

 

 

 

 

 

 

 

 

 

 

 

Note payable, related party

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage payables

 

 

 

153,623 

 

 

470,646 

 

 

488,644 

 

 

 

 

 

 

208,163 

Total liabilities

$

22,352 

 

$

277,083 

 

$

501,414 

 

$

511,375 

 

$

30,508 

 

$

12,224 

 

$

308,694 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

MEMBERS' EQUITY (DEFICIT)

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Members' capital

 

1,149,598 

 

 

379,459 

 

 

643,559 

 

 

759,626 

 

 

849,139 

 

 

867,072 

 

 

305,680 

Accumulated deficit

 

(2,598) 

 

 

(255,930) 

 

 

(235,162) 

 

 

(195,921) 

 

 

(156,541) 

 

 

(112,671) 

 

 

(194,801) 

Total members' equity (deficit)

$

1,147,000 

 

$

123,530 

 

$

408,397 

 

$

563,704 

 

$

692,598 

 

$

754,401 

 

$

110,878 

Total liabilities and members' equity (deficit)

$

1,169,352 

 

$

400,612 

 

$

909,811 

 

$

1,075,079 

 

$

723,106 

 

$

766,626 

 

$

419,572 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

NET FAIR VALUE OF ASSETS

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Net asset value with members' equity (without fair value adjustments)

 

1,147,000 

 

 

123,530 

 

 

408,397 

 

 

563,704 

 

 

692,598 

 

 

754,401 

 

 

110,878 

Net adjustments to fair value

 

517,451 

 

 

200,412 

 

 

159,677 

 

 

516,262 

 

 

251,193 

 

 

169,841 

 

 

128,103 

TOTAL NET ASSETS

$

1,664,451 

 

$

323,942 

 

$

568,074 

 

$

1,079,966 

 

$

943,791 

 

$

924,243 

 

$

238,982 

NET ASSET VALUE PER INTEREST

$

11.11 

 

$

7.25 

 

$

7.06 

 

$

10.56 

 

$

9.60 

 

$

8.98 

 

$

6.46 

 

 

 

SuiteSpot

ASSETS

 

  

Current assets:

 

  

Cash

$

5,413 

Other receivables

 

Prepaid expenses

 

Deposits

 

Property and equipment, net

 

880,726 

Total assets

$

887,152 

 

 

  

LIABILITIES

 

  

Current liabilities:

 

  

Accrued expenses

$

4,018 

Accounts payable

 

Due to (from) related parties

 

4,601 

Tenant deposits

 

Note payable, related party

 

Mortgage payables

 

Total liabilities

$

27,819 

 

 

  

MEMBERS' EQUITY (DEFICIT)

 

  

Members' capital

 

1,029,102 

Accumulated deficit

 

(169,769) 

Total members' equity (deficit)

$

859,333 

Total liabilities and members' equity (deficit)

$

887,152 

 

 

  

NET FAIR VALUE OF ASSETS

 

  

Net asset value with members' equity (without fair value adjustments)

 

859,333 

Net adjustments to fair value

 

365,755 

TOTAL NET ASSETS

$

1,225,088 

NET ASSET VALUE PER INTEREST

$

9.86 

 

[1] Estimated Balance Sheet as of March 31, 2026.

 



As described in the section "Description of the Securities Being Offered—Valuation Policies," in the Offering Circular, our operating agreement provides that, following the initial period, at the end of each quarterly period our Manager's internal accountants and asset management team will calculate our NAV using a process that reflects, among other matters:

 

 

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;

 

 

the price of liquid assets for which third party market quotes are available;

 

 

accruals of our periodic distributions on our interests; and

 

 

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.

 

Such determinations may include subjective judgments by the Manager regarding the applicability of certain inputs to market rents and comparable sales information. We do not utilize a capitalization rate approach in determining NAV, because given the nature of our investments in primary residences, we do not believe that the value of a many of our assets can be determined based solely on the business activities as the resale value of such asset will be decided independently of the success of such business activities.

 

Note, however, that the determination of our NAV is not based on, nor intended to comply with, fair value standards under U.S. GAAP, and such NAV may not be indicative of the price that we would receive for our assets at current market conditions. As a result, the calculation of our NAV may not reflect the precise amount that might be paid for your interests in a market transaction, and any potential disparity in our NAV may be in favor of either holders who redeem their interests, or holders who repurchase such interests, or existing holders. In instances where we determine that an appraisal of a property is necessary, including, but not limited to, instances where third party market values for comparable properties are either nonexistent or extremely inconsistent, we will engage an appraiser that has expertise in appraising residential real estate assets, to act as our independent valuation expert. The independent valuation expert is not responsible for, nor for preparing, our NAV per interest.

 

As there is no market value for the interests of any series as they are not expected to be listed or traded on any stock exchange (though periodic trading may become available pursuant to our arrangement with North Capital Private Securities ("NCPS"), which is intended to facilitate secondary transactions in interests on an alternative trading system owned and operated by NCPS, as described in the section "Description of Business—Liquidity Platform" in the Offering Circular), our goal in setting NAV on a quarterly basis is to provide a reasonable estimate of the value of our interests on a quarterly basis. However, each series property consists of residential real estate and, as with any residential real estate valuation protocol, the conclusions reached by the Manager's asset management team or internal accountants, as the case may be, are based on a number of judgments, assumptions and opinions about future events that may or may not prove to be correct. The use of different judgments, assumptions or opinions would likely result in different estimates of the value of our investments. In addition, for any given period, our published NAV may not fully reflect certain material events, to the extent that the financial impact of such events on our portfolio is not immediately quantifiable.