Letters to Investors

Continued momentum through second quarter caps off historic first half of the year

The continued tailwinds for AI drove positive performance while average net returns for real estate were the strongest in nearly 5 years.

Featured

VCX

VCX portfolio news you may have missed

VCX

The Fundrise Innovation Fund (VCX) Participates in OpenAI's $122 Billion Funding Round

VCX

The Fundrise Innovation Fund (VCX) Invests in Erebor Bank

Onward Podcast

IPO Roadshow: VCX is the public ticker for private tech

Essential Reading

Past letters to our investors

Insights from our leadership team on portfolio performance, market outlook, and much more. View all

Continued momentum through second quarter caps off historic first half of the year

The continued tailwinds for AI drove positive performance while average net returns for real estate were the strongest in nearly 5 years.

A historic quarter – Q1 2026 letter to investors

The first quarter of 2026 delivered landmark moments for the Fundrise platform and portfolio, even as global uncertainty rose sharply.

Investing through an inflection point

As AI accelerates economic change, long-term investors must balance capturing this once-in-a-generation opportunity with traditional business cycles and lofty valuations.

Continued stability with increasing return potential

Seventh consecutive quarter of positive returns across real estate, private credit, and venture capital.

Positive performance continues through first half of year

Strong fundamentals and continued operating rigor resulted in yet another quarter of positive returns across all three primary asset classes.

News

Updates, highlights, and announcements.

Private Credit: What you should know

A short overview of what makes Fundrise’s private credit investments entirely different from the types of loans making news headlines recently.

Behind the platform democratizing access to private markets

Ben Miller discusses Fundrise's strategy and market outlook on No Cap podcast.

See all News

Investing Education

Introductions, guides, analysis, and more.

Strategy Spotlight: AI Infrastructure & Data Centers

The artificial intelligence boom is creating one of the largest real estate opportunities in decades and we’re positioning our investors to capture it.

The evolution of diversification: Why 50/30/20 is replacing 60/40 as the new model portfolio

Disruptions in public markets combined with new technology platforms, like Fundrise, are increasingly driving individual investors to invest in alternative assets, adopting a more institutional portfolio model of 50/30/20.

See all Investing Education

Onward Podcast

A Fundrise podcast, with CEO Ben Miller & guests

What we can learn from the first industry AI took over — Episode 58 of Onward

On the newest episode of Onward, Ben sits down with Paul Adams, Chief Product Officer of Fin.

This miracle pill could make dogs live longer, with Celine Halioua, Founder & CEO of Loyal

On the newest episode of Onward, Ben sits down with Celine Halioua, founder and CEO of Loyal.

See all Onward Podcast

Join the future of real estate investing.

Get Started

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 investments 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

For the Fundrise Advisors Form CRS please click here .

The publicly filed offering circulars of the issuers sponsored by Rise Companies Corp., not all of which may be currently qualified by the Securities and Exchange Commission, may be found at fundrise.com/oc. For investors and potential investors who are residents of the State of Washington, please send all correspondence, including any questions or comments, to washingtonstate@fundrise.com.

Fundrise takes any potential security issues seriously, and encourages the responsible and timely reporting of unknown security issues. Please send any discovered security concerns to securitydisclosure@fundrise.com

© 2026 Fundrise, LLC. All Rights Reserved. eREIT, eFund and eDirect are trademarks of Rise Companies Corp. Google Play and the Google Play logo are registered trademarks of Google LLC. Apple, the Apple logo and iPhone are registered trademarks of Apple Inc. NerdWallet and the NerdWallet logo are trademarks owned by NerdWallet, Inc. and used with permission. Proudly designed and coded in Washington, D.C.