Sold Out: Fundrise’s Income eREIT Nears $50 Million Cap

Real EstateFundrise has announced that is Income eREIT is “almost sold out” with less than 10% of the $50 million cap available for investors.  The debt based real estate crowdfunding vehicle has recently declared a dividend of 11.25% through December 2016.

Fundrise’s eREIT approach has replaced its single-property crowdfunding strategy.  Today, Fundrise lists five different eREITs available for investors including a Growth eREIT and Income eREIT, and three different geographically targeted funds.  Each of these 5 funds pay a quarterly dividend and carry various risks.  For the Growth eREIT, Fundrise will pay a penalty of up to $500,000 to investors if the fund earns less than a 20% average non-compounded annual return. Investor minimums are $1000 for each of the funds.

fundrise-ereitsFundrise was the first real estate crowdfunding platform to launch in the US. Today, under updated regulations created by the JOBS Act of 2012,  Fundrise leverages “Reg A+” to offer non-listed REITs to both accredited and non-accredited investors.

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