What this record is
Aubrey Development is an investment held by Fundrise Income Real Estate Fund, a pooled vehicle offered on Fundrise. It is not offered to investors on its own: exposure to it comes only through the fund, on the fund's terms, and the fund decides when it is bought, financed or sold. AltStreet records it so the fund's portfolio can be followed over time; nothing here is a solicitation, a minimum or an offering status.
As described by Fundrise on Oct 20, 2026: Fundrise added a preferred equity investment in a 188-unit horizontal multifamily development in Aubrey, TX, in the Dallas-Fort Worth metro area. The investment offers a fixed 14.00% return due to the Income Real Estate Fund. Investors can only hold it through the fund. Every figure is the platform's own statement about the fund's investment; none has been checked against a filing.
Terms as the fund described them
- fixed 14.00% return
- preferred equity investment
- 188-unit horizontal multifamily development
- completion expected in 2027
These are the terms of the fund's position in the asset, as the platform stated them, not terms available to any investor. What an investor in Fundrise Income Real Estate Fundreceives is set by the fund's own offering documents.
Where to look next
- Fundrise review: how the platform's funds are structured, what they charge and what their filings show.
- Every Fundrise record: offerings and holdings AltStreet tracks on the platform.
- Fund directory: the pooled vehicles themselves.
Recorded by AltStreet from the platform's own announcement on 2026-10-20.