Hi there,

We’ve added a new preferred equity investment to the Fundrise portfolio: Ocean Village, a 314-unit multifamily development in Palm Coast, Florida. The investment offers a projected 13.00%¹ gross annual return, with a 4-year term and optional 12-month extensions.

It’s the only new multifamily project currently under construction east of I-95, just minutes from Flagler Beach—positioned in a submarket experiencing rapid population growth and limited new supply.

Key highlights:

Resort-style amenities
Strong projected demographic growth through 2029
Continued collaboration with a sponsor we’ve worked with successfully before

Preferred equity investments like Ocean Village are structured to offer stable income backed by real estate fundamentals.

Add real estate to your portfolio for as little as $10.

P.S. Ocean Village aligns with our broader strategy of targeting underserved growth markets to support long-term income generation across the portfolio.

Best,
Thomas Eden
Senior Investor Relations Associate

Additional Information: An investor in the Fundrise Income Real Estate Fund should consider the investment objectives, risks, charges, and expenses carefully before investing. The Fund’s prospectus contains this and other information and may be obtained here. Investors should read the prospectus carefully before investing.

1. This solely represents a fixed rate of preferred return due to the Fundrise Income Real Estate Fund under the terms of its investment agreement(s) and does not reflect either a gross or net return that an investor in the Fundrise Income Real Estate Fund may expect to receive as a result of this fixed rate return. Due to the uncertainty of other factors that will ultimately determine the return to any investor (such as leverage, cash drag, and other potential financings), the performance of this asset to the investor is currently unknowable and undeterminable, and may ultimately be lower or higher than the stated fixed rate of preferred return.

The Fundrise Income Real Estate Fund (the Income Fund) is an unlisted closed-end management investment company that is operated as an interval fund. The Fund’s investment objective is to seek to create and maintain a portfolio of investments that generate a low volatility income stream of attractive and consistent cash distributions. For more information, including the Prospectus, please visit fundriseincomerealestatefund.com.

Fundrise, LLC ("Fundrise") operates a website at fundrise.com and certain mobile apps (the "Platform"). By using the Platform, you accept our Terms of Service and Privacy Policy. All images and return and projection figures shown are for illustrative purposes only, may assume additional client capital contributions over time, and are not actual Fundrise customer or model returns or projections. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in partial or total loss. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of data provided by investors or other third parties. Neither Fundrise nor any of its affiliates provide tax advice and do not represent in any manner that the outcomes described herein will result in any particular tax consequence. Prospective investors should confer with their personal tax advisors regarding the tax consequences based on their particular circumstances. Neither Fundrise nor any of its affiliates assume responsibility for the tax consequences for any investor of any investment. Full Disclosure.

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