Fundrise, one of the leading online investment platforms for real estate, has launched the “2.0” version of their platform. Fundrise has created a Robo-Advisor focused on real estate thus providing an investing tool to match individual investor needs.
Ben Miller, co-founder and CEO of Fundrise, explained their vision;
“We founded Fundrise because we felt that there was an opportunity to use technology to create a smarter, more reliable investment system — especially for the individual investor. We like to say that we’re not just changing how you invest, but what you invest in. Fundrise is the first ever Robo-advisor for real estate. We built Fundrise to simplify and open up the once-unattainable world of direct private real estate to all US investors, regardless of net worth. Until now, the private real estate markets have been largely inaccessible to individual investors. However, by investing in the private markets directly, you can earn higher, more consistent returns than in the public market. To get started, choose a portfolio strategy aligned with your investing goals and get instant diversification across an array of low-cost and tax-efficient private real estate assets. If you’re not sure which strategy to choose, we can help you decide. A huge thank you to our advisors, investors, early adopters, and, of course, our team for helping us build a better way to invest. We hope you find it useful! We’d love to hear what you think and are also happy to field any questions that you have.”
Fundrise has been a Fintech trailblazer from day one. Before the JOBS Act created the various crowdfunding exemptions, Fundrise was using old Regulation A to crowdfund real estate in and around Washington, DC. Soon after the JOBS Act was signed into law, Fundrise was creating new methods to provide access to real estate investment. Fundrise was the first real estate platform to use updated Regulation A rules as created by Title IV of the JOBS Act. Commonly called “Reg A+”, Fundrise is now using the securities exemption to create “eREITs” that allow both accredited and non-accredited investors to participate in real estate investments.
The Fundrise Robo-advisor enables individual investors to create a highly diversified real estate portfolio accessing Fundrise’s growing number of eREIT’s. The service provides an estimate based on submitted variables to extrapolate potential returns. Fundrise estimates users will save up to 40% on fees versus traditional services.
Last week, Fundrise indicated its intent to raise additional capital in a self-crowdfunding round. The offer is a follow on from earlier this year., If fully subscribed, the funding round will bring the total investment by smaller investors into Fundrise to approximately $24 million.
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