On Wednesday, Fundrise announced that its eREIT sales were to resume and would be processing sales for approximately $2 million.
Last month, Fundrise debuted what’s dubbed as the world’s first eREIT. The platform declared:
“Commercial real estate has historically been one of the best performing investment assets. Investors whose portfolios have up to 20% allocated to real estate have outperformed those with only stocks and bonds. Until now, investing in commercial real estate has been restricted by either very large minimum investments or the need to go through middlemen who charge high fees, negatively impacting returns. The Fundrise eREIT has a minimum investment of $1,000 with approximately one-tenth the average fees of similar traditional channels.”
In a recent update, Fundrise stated:
“More than 31,000 users have expressed interest in investing in the Income eREIT so we do expect today’s window to go quickly. As a reminder, investments are accepted on a first-come, first-served basis and are available to any investor in the U.S.”
Just hours after reopening the Income eREIT sales, Fundrise closed the investment opportunity and added:
“Due to continued strong demand, sales for the current $2 million window have been filled. We intend to resume sales shortly after completing the processing of current subscriptions.”