FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC
Raised
$216M
Investors
22
Min Invest
$10,000
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AltStreet Analysis
·Generated from EDGAR primary sources
FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC is a Delaware-organized real estate investment vehicle filed by executives Benjamin Miller, Brandon Jenkins, and Bjorn Hall, part of the Fundrise platform ecosystem. This amended filing reports $3.3M raised from 22 investors under Regulation D 506(c) exemption with a $10K minimum investment. Fundrise operates 12 related EDGAR entities focused on real estate investment products.
This real estate REIT uses the 506(c) exemption allowing general solicitation to verified accredited investors, consistent with Fundrise's technology-enabled distribution model. The $10K minimum represents a lower entry point than institutional real estate funds but higher than some crowdfunding offerings, positioning it in the emerging retail-accessible private REIT category.
Data Flags
Critical Disclosures
What the filings and the regulators have said about this entity that a reader should know first. Each line links to its source. The history, the same event across other issuers, and alerts are in the terminal.
Reporting lapsed · Form D · last filing September 28, 2021
Offering declared to continue beyond a year; annual amendment 13+ months overdue An issuer that stops filing is the case the going-concern flag cannot catch: the report that would have carried it was never filed.
Change in auditor · Form 1-U · August 19, 2021
Annual financial statements for the period ended December 31, 2021, audited by KPMG LLP
Going concern: no substantial-doubt language. The figures are in the terminal.
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
Every filing AltStreet's ledger holds for this CIK, newest first (15 of 392). Each opens the SEC archive folder.
AltStreet Coverage
Original reporting from AltStreet's daily EDGAR monitoring covering Fundrise and its filings.
Fundrise's Two Standalone eREITs Shrank 5% to 6% in the Third Quarter as Related-Party Notes Rose About a Fifth
October 1 supplements for Fundrise Balanced eREIT II and Growth eREIT VII show shares outstanding down 6.2% and 5.3% over the quarter, related-party notes up 21% and 19%, and NAVs that have barely moved since an 18% markdown on April 1, 2026.
Platform coverage · Oct 2026
Fundrise Growth eREIT VII Borrowed $9.1 Million More From an Affiliate in Six Months While Honoring Every Redemption
The semiannual report for the six months to June 30, 2026 shows the standalone eREIT paying redemptions in full at a net asset value 18% below December's, with shares outstanding down 12%, members' equity down 28% and notes payable to Fundrise's National Lending vehicle up from $13.3 million to $22.4 million.
Platform coverage · Sep 2026
Fundrise Merged Seven eREITs Below Their Peaks. The Two Still Publishing NAVs Are Under $10.
AltStreet parsed 1,637 offering circular supplements to reconstruct the complete NAV history of Fundrise's eREIT family: 277 marks across 21 entities, back to 2016. Seven funds were merged away in April 2026 at manager-set values, every one below its own peak, with redemptions suspended since the prior fall. The two eREITs still publishing marks sit at $9.10 and $8.23.
Platform coverage · Aug 2026
Fundrise Parent Re-Ups Its iPO: 4.275 Million Class B Shares Through 2028, With $5.6 Million Sold in the Offering's First Year
An August 20 8-K and offering circular supplement confirm Rise Companies Corp. qualified 4,275,000 Class B shares at $16.05, up to $68.6 million of capacity under its $75 million rolling Reg A cap. The circular also shows the current offering has sold about $5.6 million since commencing September 23, 2025.
Platform coverage · Aug 2026
Rise Companies 10-Q: $3.4B AUM, eREIT Merger Completed in April, Moat Wind-Down Nearly Done
AltStreet verified Fundrise's parent-company filings against the documents themselves. The Q2 2026 10-Q shows equity AUM at $3.4 billion and 404,000 investor accounts, confirms the seven-entity eREIT consolidation closed in April, details the near-complete dissolution of affiliate Moat Investments, and discloses a brand-new Sponsored Program — the Private Innovation Fund — seeded in July. The same-day 8-K is a routine Reg A share-price increase.
Platform coverage · Aug 2026
Capital Raise Timeline
2 Form D filings from Sep 28, 2020 to Sep 28, 2021, the latest a D/A.
In the Terminal
Filing events
500
latest Apr 26, 2022
Critical / warning
0 / 1
11 watch · 488 info
Statements extracted
13
through Dec 31, 2021
NAV prints
26
latest move down, Mar 31, 2022
Offering chains
3
dark, exited
Latest event Exit · Apr 26, 2022
SEC.govInvestor
- The dated record: 839 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
- 13 extracted financial statements: assets, liabilities, equity, revenue, net income, cash, latest for the period ended 2021-12-31
- NAV per share series, 26 observations through 2022-03-31 (latest move: down)
- 500 filing events with values and deltas, latest 2022-04-26, and alerts on the next one
- 3 offering timelines: velocity, share raised, first-sale lag, stalled flags
Pro
- This issuer against its cohort: rank by velocity and share raised among offerings filed the same quarter
- The same events, statements and NAV moves across every issuer, screenable, with unlimited watches and CSV
Counts and dates above are the free record. The values, the series and the comparisons are the seat. Loading your view…
Auditor of Record
As named on this issuer's SEC filings · Audited · see all issuers this firm audits
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
Questions About FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC?
FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC is an issuer that filed a Form D with the SEC on April 26, 2022. The filing claims 506(c). AltStreet links the issuer to Fundrise.
Is FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC legit?
AltStreet does not rate legitimacy; it reports the public record. FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC filed a Form D with the SEC on April 26, 2022 claiming 506(c). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $216,288,029 sold to 22 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to Fundrise, which AltStreet has reviewed. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC registered with or approved by the SEC?
No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC claimed 506(c) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC raised?
FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC reported $216,288,029 sold from 22 investors as of the Form D filed April 26, 2022.
Who can invest in FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC?
The minimum investment accepted from an outside investor is $10,000.
What is the minimum investment in FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC?
The Form D lists $10,000 as the minimum investment accepted from any outside investor as of April 26, 2022. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC and how are they paid?
The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly.
Who is behind FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC?
The Form D lists 3 related persons: Benjamin S. Miller, executive officer; Brandon T. Jenkins, executive officer; Bjorn T. Hall, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC located?
The issuer's address on its SEC filings is 11 Dupont Circle Nw, 9th Fl, Washington, DC 20036. Its phone number of record is 2025840550. It is organized under the laws of Delaware.
How long is the FUNDRISE REAL ESTATE INVESTMENT TRUST, LLC offering open?
An issuer must amend its Form D annually while a continuing offering stays open; 1 amendment is on record for this CIK.
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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. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.