Yes it does. I think it came out last year.
https://www.cakewalk.com/Documentation?product=Cakewalk&language=3&help=Arranging.02.html
You have to decide which one fits your needs. I believe Creativesauce made a video on CbB arranger track.
You found a great DAW that works for you. I only want to add that all DAW's (software) has Bugs! If there is a show-stopper for you in a DAW, go find another one that fits
@PavlovsCat I haven't got that deep in the arranger from Studio One but I think you should check it out as it might be what you are looking for.
I agree CbB is great to get more on board being that it is free and now with the easier access to Bandlab it makes a great fit.
I only have version 4 still but things like the chord track are really cool IMO. They also have the arranger track before CbB etc...
If CbB is meeting your needs @PavlovsCat be happy that you don't have to spend any $$ on Studio One Pro
Really Reaper is probably the most efficient DAW out but for some reason my brain is allergic to it. Maybe I should take some Claritin and see if that helps me learn the program
and in a couple of years this will probably be the price for a 5TB SSD
I'm feelin sorry for the person who has to listen to all my crappy music on that 5TB drive