u/independentrec

reposting something i posted earlier this year. just a psa to those who are thinking of investing in fundrise. don't confuse marketing with education. fundrise's marketing always talks about the "most compelling opportunity." it is always a "generational moment." there are always explanations for "diversification" away from traditional investments...the kind that actually make you money in the long run.

don't fall for it. this is an investment platform that feeds on ignorance...10 dollars at a time.

just one redditors experience - ymmv.

tgif!

letters:

https://fundrise.com/education/2022-year-end-letter-to-investors

https://fundrise.com/education/2023-year-end-letter-to-investors

https://fundrise.com/education/2024-year-end-letter-to-investors

https://fundrise.com/education/2025-year-end-letter-to-investors

https://www.biggerpockets.com/blog/on-the-market-386

2022: "Which is also why, as well-known paranoid downsiders, we may surprise some of our long-time investors when we state that we are starting to become more optimistic and believe that we are nearing the bottom of the market cycle, with the next 12+ months presenting perhaps the most compelling investment opportunities that we’ve seen in the decade since we started Fundrise."

2023:"The hard part is over… for real estate."

2024:"In our annual letter to investors, we discuss how falling interest rates over the course of the year kicked off what we expect to be an extended period of positive returns for real estate (and private markets more broadly), with the potential for even more positive tailwinds in 2025."

2025:"The net-net of all of this continues to point to lower overall rates and a more normalized long-term risk-free rate of return, which over time will manifest in higher asset values."

marketing podcast:

2026 bigger pockets podcast: Real Estate Has Finally “Bottomed,” Says Top Investing Expert"

https://preview.redd.it/cdvr15evz0th1.png?width=1536&format=png&auto=webp&s=867e801ca2f933984c308f8bc012a16420f3e7f0

Add the latest "update" i just received with the above subject line to the pile of bad predictions, elementary school like history lessons and crystal ball ramblings.

Be smart - don't fall for this cattle call.

https://fundrise.com/education/2022-year-end-letter-to-investors

https://fundrise.com/education/2023-year-end-letter-to-investors

https://fundrise.com/education/2024-year-end-letter-to-investors

https://fundrise.com/education/2025-year-end-letter-to-investors

https://www.biggerpockets.com/blog/on-the-market-386

2022: "Which is also why, as well-known paranoid downsiders, we may surprise some of our long-time investors when we state that we are starting to become more optimistic and believe that we are nearing the bottom of the market cycle, with the next 12+ months presenting perhaps the most compelling investment opportunities that we’ve seen in the decade since we started Fundrise."

2023:"The hard part is over… for real estate."

2024:"In our annual letter to investors, we discuss how falling interest rates over the course of the year kicked off what we expect to be an extended period of positive returns for real estate (and private markets more broadly), with the potential for even more positive tailwinds in 2025."

2025:"The net-net of all of this continues to point to lower overall rates and a more normalized long-term risk-free rate of return, which over time will manifest in higher asset values."

2026:Real Estate Has Finally “Bottomed,” Says Top Investing Expert" "But I think we’ll start to see, hey, actually, there really isn’t any more inflation in the economy. I think the inflation is gone. I think it’s just not a driver of the economy anymore. And then people will realize, oh my God, interest rates are too high. Inflation is not 3%. It’s actually 2% or low twos. And then I think everybody’s going to wake up to that and that’s just going to cause interest rate sensitive things to get really, really, really valuable."

From the filing - numerical designators are mine. the favorite is copied up top. ben miller's democracy and empowering investors in action! *sad trombone*

sham.

"Therefore, it will be difficult for you to redeem and/or sell your common shares promptly or at all. If you are able to sell your common shares, you would likely have to sell them at a substantial discount to the NAV per share, as of the Valuation Time."

1: "There is no public market for shares of Fundrise eREIT and none is expected to develop, which will cause difficulty in selling any shares received in the Merger.

As with respect to the common shares of the respective Fundrise Merger Entities’ to be received in the Merger, there is no public market for shares of Fundrise eREIT and none is expected to develop. However, Fundrise eREIT will adopt a redemption plan, whereby, in the sole discretion of the Manager, an investor may obtain liquidity. Fundrise eREIT intends to limit the number of shares to be redeemed during any calendar year to no more than 10.00% of Fundrise eREIT’s common shares outstanding (or 2.50% per calendar quarter), provided that, the Manager, in its sole discretion, may elect to increase the quarterly limit to 5.00% if redemptions for the relevant quarter exceed 2.50% and the Manager determines there is sufficient liquidity to satisfy the additional redemptions. In addition, despite the illiquid nature of the assets expected to be held by Fundrise eREIT, the Manager believes it is best to provide the opportunity for liquidity in the event shareholders need it. The Manager may, in its sole discretion, amend, suspend, or terminate the redemption plan at any time without prior notice, including to protect our operations and our non-redeemed shareholders, to prevent an undue burden on our liquidity, following any material decrease in our NAV, or for any other reason."

2:"Because no public trading market for our common shares currently exists, it will be difficult for you to sell your common shares received in connection with the Mergers and, if you are able to sell your common shares, you will likely sell them at a substantial discount to the NAV per share, as of the Valuation Time.

Our Operating Agreement does not require the Manager to seek shareholder approval to liquidate our assets by a specified date, nor does our Operating Agreement require the Manager to list our common shares for trading on a national securities exchange by a specified date. There is no public market for our common shares and we currently have no plans to list our common shares on a stock exchange or other trading market. Until our common shares are listed, if ever, you may not sell your common shares unless the buyer meets the applicable suitability and minimum purchase standards. In addition, our Operating Agreement prohibits the ownership of more than 9.8% in value or number of our shares, whichever is more restrictive, or more than 9.8% in value or number of our common shares, whichever is more restrictive, unless exempted by the Manager, which may inhibit large investors from purchasing our common shares. In its sole discretion, including to protect our operations and our non-redeemed shareholders, to prevent an undue burden on our liquidity or to preserve our intended status as a REIT, the Manager could amend, suspend or terminate our redemption plan without notice. Further, the redemption plan will include numerous restrictions that would limit your ability to sell your shares. We describe these restrictions in more detail under “Description of Fundrise eREIT, LLC Common Shares — Redemption Plan”. Therefore, it will be difficult for you to redeem and/or sell your common shares promptly or at all. If you are able to sell your common shares, you would likely have to sell them at a substantial discount to the NAV per share, as of the Valuation Time. It is also likely that your common shares would not be accepted as the primary collateral for a loan."