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EDGAR Verified
Primary Source · SEC.gov

Fundrise Development eREIT, LLC

CIK 0001768726Fund Vehicle2022 vintage506(c)
Fundrise

Raised

$2M

Investors

43

Min Invest

$10,000

AltStreet Analysis

·

Generated from EDGAR primary sources

Fundrise Development eREIT, LLC is a Delaware real estate entity filed by Benjamin Miller, Brandon Jenkins, and Bjorn Hall under Rule 506(c). This amended filing reports $1.6M raised from 43 investors with a $10K minimum investment. It is part of the Fundrise platform, which operates 12 EDGAR-registered real estate entities.

This offering uses the 506(c) exemption typical of real estate crowdfunding platforms, with a $10K minimum investment positioning it in the accessible institutional-retail tier. The investor-to-capital ratio (43 investors for $1.6M) suggests average check sizes around $37K, consistent with retail-oriented real estate syndications.

Data Flags

sales_commissionsNo sales commissions reported on a 506(c) offering with 43 investors, suggesting direct platform distribution without broker-dealer involvement
first_sale_dateFirst sale date not disclosed in an amended filing that reports $1.6M already raised from 43 investors
generalAmendment filed but context of original filing unknown; could be annual update, correction, or capital raise continuation

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001768726
Entity NameFundrise Development eREIT, LLC
Exemption506(c)
First Sale Date—
Filing DateAugust 15, 2022
Accession Number0001661023-22-000003
Total Amount Sold$2M
Total Investors43
Minimum Investment$10,000
Securities TypeEquity
State of IncorporationNot specified
Amendment Count2 amendments filed

Capital Raise Timeline

Chronological filing history from primary SEC Form D documents. Delta figures show change from previous filing.

Sep 2020D
$10,000 min
Sep 2021D/A
$794K(+$794K)27 investors(+27)$10,000 min
Aug 2022D/ALatest
$2M(+$827K)43 investors(+16)$10,000 min

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Benjamin Miller

Executive Officer · Washington, DC

Brandon Jenkins

Executive Officer · Washington, DC

Bjorn Hall

Executive Officer · Washington, DC

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. AltStreet analysis (summaries, flags, category context) is generated by Claude from this primary source data and reviewed for accuracy. Platform-provided information (if present) is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. EDGAR data is verified read-only — platforms may request factual corrections for demonstrable inaccuracies by contacting research@altstreet.investments. This page does not constitute investment advice.