Fundrise: Fractional real estate platform

One of the largest direct-to-investor real estate platforms in the US. Diversified funds from $10 with quarterly dividends.

Profile checked October 25, 2026

Integration planned

Fundrise isn't in the index yet. Once the integration ships, its listings and figures will appear here alongside every other platform we track.

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What happened at Fundrise

October 1, 2025
Redemptions suspended on the legacy eREITs
Fundrise temporarily suspended the redemption plans of its older eREITs ahead of a proposed merger of those vehicles. Investors in the Flagship, Income and Innovation funds kept their quarterly repurchase offers.
Source: Fundrise Equity REIT offering circular supplement (SEC, 29 December 2025), checked October 25, 2026.
April 29, 2026
The eREITs merged into Fundrise eREIT, LLC and redemptions reopened
Seven legacy vehicles became one company, Fundrise eREIT, LLC, with a quarterly redemption plan that its manager may limit or suspend at its discretion. Holders who wanted out had waited about seven months.
Source: Fundrise eREIT, LLC quarterly report (SEC, 10-Q for 31 March 2026), checked October 25, 2026.

What it costs

To buy: Not publishedNo purchase or sales load is listed. Fundrise names only two ongoing fees.
Each year: 1% a year: a 0.15% advisory fee plus a 0.85% fund management feeThe advisory fee is charged to you, the management fee is paid by the fund before distributions. The Innovation Fund charges 1.85% instead of 0.85%.
To sell: None for Flagship and Income Fund shares, about 1% of share value for eREIT shares held under five yearsThe penalty estimate is shown when you submit a liquidation request. Nothing after five years.
Innovation Fund: 1.85% management fee a year

Source: Fundrise help centre, checked October 24, 2026.

How you exit

Mechanism: Liquidation requests filled by the fund itself, quarterly repurchase offers for the registered interval funds. No secondary market
Lock-up: None stated, though eREIT shares sold inside five years pay the 1% penalty
How often: Quarterly for most funds, requests in by the last business day of the quarter, processed first in first out
Guaranteed: No. Every fund's liquidation requests are subject to limits and Fundrise commits only to making an effort to process them

Source: Fundrise help centre, checked October 24, 2026.

What you own

Structure: Shares of Delaware LLCs registered as closed-end interval funds and taxed as REITs for the Flagship, Income and Innovation funds. The older eREITs are Regulation A offerings and the credit funds are Regulation DExplained on Regulation A+ shares of a property LLC, with every platform that uses it.
Regulator: US SEC, Investment Company Act of 1940 for the registered funds, Regulation A and D exemptions for the rest

Source: Fundrise help centre, checked October 24, 2026.

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About

Fundrise is a Washington, DC fintech founded in 2012 by Ben Miller that pioneered direct-to-investor real estate crowdfunding in the US. Rather than fractions of single properties, investors buy shares of diversified funds from a $10 minimum: eREITs and the Flagship Real Estate Fund spanning build-for-rent homes, multifamily, and industrial assets, plus private credit and venture funds. Hundreds of thousands of active investors hold billions of dollars in assets on the platform (self-reported). Dividends are distributed quarterly and shares are redeemed through the platform's redemption program rather than a secondary market.

Fundrise: Fractional real estate platform

What happened at Fundrise

Redemptions suspended on the legacy eREITs

The eREITs merged into Fundrise eREIT, LLC and redemptions reopened

What it costs

How you exit

What you own

About

Property types

What you get

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