Exit update: Suburban Seattle townhomes pay back successfully

We have developed a strong relationship with this borrower, and have since invested in two additional projects.

Jul 31, 2018

In December 2015, we invested in the acquisition of The Woodlands, a 100-unit luxury townhome community in Snoqualmie, Washington, just outside the flourishing city of Seattle. Today, we’re pleased to announce that the investment has paid back, earning an internal rate of return of approximately 11.1%.

At the time of closing, this was our second investment with this borrower, Evergreen Housing Development Group, a Seattle-based multifamily owner and developer. Through the success of these investments, we’ve developed a strong relationship with the borrower, and have since invested in two additional projects: Tapteal on the Columbia Apartments and The Villages at Beavercreek.

We look forward to providing you with continued updates on the progress of the other projects in your Fundrise portfolio.

More about this asset

The Woodlands Luxury Townhomes

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.