Exit update: Colorado Springs, CO apartment investment pays back successfully

The project generated an annualized return of roughly 11%, supporting quarterly dividends for Heartland eREIT investors.

Oct 7, 2020

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In July 2017, we invested in the acquisition of the Wind River Place Apartments, a 120-unit apartment complex in Colorado Springs, Colorado. The business plan involved the sponsor holding the asset for several years while robust market and population growth supported the property’s value.

Recently, the sponsor paid back our investment in full. Per the terms of our preferred structure investment (which is similar to debt), we earned an annualized return of roughly 11% over the life of the investment.

Investor FAQ: How does this project impact your portfolio?

This investment was structured like debt, where the project’s sponsor must pay us a fixed rate of return before they can earn a return for themselves, and their equity provides us with a cushion against losses. Throughout the term of this investment, the regular income it generated supported quarterly dividends for the Heartland eREIT.

As always, if you have any questions or feedback, please visit our help center or reach out to us at investments@fundrise.com.

All updates on this asset

New acquisition: Stabilized apartments in Colorado Springs

Jul 17, 2017

Exit update: Colorado Springs, CO apartment investment pays back successfully

Oct 7, 2020

More about this asset

Wind River Place Apartments

Colorado Springs, CO

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