M&A - Fundrise Equity REIT, LLC

Form Type: 1-U

Filing Date: 2025-01-31

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925007939

Filing Summary: Fundrise Equity REIT, LLC announced the acquisition of a tenancy-in-common interest in a 75,000 square foot mixed-use property located in Los Angeles, CA, identified as 5957 S Western Ave. This asset acquisition adds to the company's portfolio, which is primarily focused on multifamily properties, building for rent, and opportunistic investments. The company disclosed its portfolio breakdown, indicating that 76% of its assets are in multifamily, 20% in build for rent, 2% in industrial, and 2% in other categories. The strategy breakdown is 45% in value add, 45% in core plus, 8% in fixed income, and 2% in opportunistic investments.