M&A - Fundrise West Coast Opportunistic REIT, LLC
Form Type: 1-U
Filing Date: 2025-01-31
Corporate Action: Acquisition
Type: New
Accession Number: 000110465925008001
Filing Summary: Fundrise West Coast Opportunistic REIT, LLC acquired a tenancy-in-common interest in multiple properties located in Los Angeles, CA, including a 75,000 square foot mixed-use property at 5957 S Western Ave, a 15,000 square foot creative office at 4202 W Jefferson Blvd, and an 11,300 square foot creative office at 4216 W Jefferson Blvd. Additionally, the company disposed of a portion of its interest in a 23,000 square foot creative office located at 4801 W Jefferson Blvd. Post-transactions, the company’s portfolio breakdown consists of 54% creative office, 33% multifamily, and 13% other assets. Strategy-wise, the portfolio is approximately 51% opportunistic, 26% value add, and 23% fixed income.
Additional details:
Location: Los Angeles, CA
Asset Type: mixed-use property
Strategy: opportunistic
Ownership: Fundrise Equity REIT, LLC; Fundrise Growth eREIT II, LLC; Fundrise West Coast Opportunistic REIT, LLC; Fundrise Development eREIT, LLC
Location: Los Angeles, CA
Asset Type: creative office
Strategy: opportunistic
Ownership: Fundrise Development eREIT, LLC; Fundrise West Coast Opportunistic REIT, LLC
Location: Los Angeles, CA
Asset Type: creative office
Strategy: opportunistic
Ownership: Fundrise Development eREIT, LLC; Fundrise West Coast Opportunistic REIT, LLC
Location: Los Angeles, CA
Asset Type: creative office
Strategy: opportunistic
Ownership: Fundrise Development eREIT, LLC; Fundrise West Coast Opportunistic REIT, LLC
Location: Los Angeles, CA
Asset Type: creative office
Strategy: opportunistic
Ownership: Fundrise Development eREIT, LLC; Fundrise West Coast Opportunistic REIT, LLC
Portfolio Breakdown By Asset Type: Creative Office 54%, Multifamily 33%, Other 13%
Portfolio Breakdown By Strategy: Opportunistic 51%, Value Add 26%, Fixed Income 23%
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