Filed Pursuant to Rule 253(g)(2)

File No. 024-12474

Arrived STR 2, 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 2, 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
Alta		$9.80
Beatbox		$9.48
Byers		$12.03
Coquina		$9.53
Knoll		$10.06
Pinkshell		$9.09
Preciosa		$10.16
Sandbar		$9.78
Seafoam		$9.50
Solano		$9.53
Tiara		$9.99

 

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

 

BALANCE SHEET (UNAUDITED) [1]

 

		Alta			Beatbox			Byers			Coquina			Knoll			Pinkshell			Preciosa
ASSETS
Current assets:
Cash	$	8,424		$	9,011		$	116,512		$	10,133		$	14,254		$	3,897		$	28,165
Other receivables		-			-			-			-			-			-			-
Prepaid expenses		-			-			-			-			-			-			-
Deposits		11,398			-			0			475			(3,762)			-			3,683
Property and equipment, net		865,321			768,151			652,532			741,857			1,028,671			784,039			873,608
Total assets	$	885,002		$	777,162		$	769,044		$	752,465		$	1,039,163		$	787,936		$	905,456
LIABILITIES
Current liabilities:
Accrued expenses	$	5,123		$	3,998		$	3,744		$	2,569		$	5,000		$	11,899		$	3,692
Accounts payable		-			-			-			-			-			-			-
Due to (from) related parties		13,891			5,802			(4,374)			7,581			15,064			17,540			10,649
Tenant deposits		-			-			-			-			-			-			-
Note payable, related party		-			-			-			-			-			-			-
Mortgage payables		-			-			-			-			-			-			-
Total liabilities	$	113,614		$	16,800		$	(631)		$	38,450		$	51,465		$	81,438		$	14,341
MEMBERS' EQUITY (DEFICIT)
Members' capital		963,730			946,994			836,079			866,942			1,214,418			921,699			987,702
Accumulated deficit		(192,343)			(186,631)			(66,404)			(152,927)			(226,720)			(215,202)			(96,587)
Total members' equity (deficit)	$	771,388		$	760,363		$	769,675		$	714,015		$	987,699		$	706,498		$	891,115
Total liabilities and members' equity (deficit)	$	885,002		$	777,162		$	769,044		$	752,465		$	1,039,163		$	787,936		$	905,456
NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		771,388			760,363			769,675			714,015			987,699			706,498			891,115
Net adjustments to fair value		306,202			253,713			715,157			249,957			442,627			286,811			326,652
TOTAL NET ASSETS	$	1,077,589		$	1,014,076		$	1,484,832		$	963,973		$	1,430,326		$	993,308		$	1,217,768
NET ASSET VALUE PER INTEREST	$	9.80		$	9.48		$	12.03		$	9.53		$	10.06		$	9.09		$	10.16

 

		Sandbar			Seafoam			Solano			Tiara
ASSETS
Current assets:
Cash	$	2,104		$	1,607		$	80,647		$	2,111
Other receivables		-			-			-			-
Prepaid expenses		-			-			-			-
Deposits		-			-			-			300
Property and equipment, net		828,009			813,963			1,035,171			718,937
Total assets	$	831,856		$	817,300		$	1,115,818		$	721,347
LIABILITIES
Current liabilities:
Accrued expenses	$	7,065		$	8,763		$	3,598		$	3,044
Accounts payable		-			-			-			-
Due to (from) related parties		12,341			11,547			1,632			22,643
Tenant deposits		-			-			-			-
Note payable, related party		-			-			-			-
Mortgage payables		-			-			-			-
Total liabilities	$	47,406		$	83,210		$	5,230		$	42,887
MEMBERS' EQUITY (DEFICIT)
Members' capital		957,759			946,479			1,293,773			848,666
Accumulated deficit		(173,309)			(212,389)			(183,185)			(170,206)
Total members' equity (deficit)	$	784,450		$	734,090		$	1,110,588		$	678,460
Total liabilities and members' equity (deficit)	$	831,856		$	817,300		$	1,115,818		$	721,347
NET FAIR VALUE OF ASSETS
Net asset value with members' equity (without fair value adjustments)		784,450			734,090			1,110,588			678,460
Net adjustments to fair value		314,808			310,142			245,791			327,044
TOTAL NET ASSETS	$	1,099,259		$	1,044,233		$	1,356,379		$	1,005,505
NET ASSET VALUE PER INTEREST	$	9.78		$	9.50		$	9.53		$	9.99

 

[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.