What this record is
Phoenix Horizontal Multifamily 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 18, 2026: A preferred equity position in a stabilized, income-producing build-for-rent community in the western Phoenix metro. It is a recapitalization held in the Income Real Estate Fund with a 13.50% annualized gross rate and a 3 year term. 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
- 13.50% annualized gross rate
- Preferred equity
- Income Real Estate Fund
- 3 year term
- stabilized build-for-rent community
- recapitalization
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 2026-10-18.