DC Luxury 2 Townhome Renovation

gross ann. return*
1 mo.
term remaining
Cash Flowing to Investors
Current Ann. Return 0.0%
Accrued Ann. Return 18.0%
Gross Ann. Return* 18.0%

Investment Details

Current Ann. Return 0.0%
Accrued Ann. Return + 18.0%
Gross Ann. Return* 18.0%
Term Remaining 1 of 18 mo.
Min. Investment $5,000
Investment Size $965,000
Underlying Security Preferred Equity

Investment Summary

We are excited to offer the opportunity to invest in a portfolio consisting of two luxury townhome renovations located in the heart of the Logan/Dupont Circle neighborhood of Washington, DC. The Sponsor, CAS Riegler, closed on the properties with us in April 2015 and plans to complete the renovations and market the new units for sale within the next 12 months.

Key Deal Points

Highly Desirable Core Location

The assets are located in the heart of the Logan/Dupont Circle neighborhood which has become the most highly sought after and fastest growing luxury home sale market.

Active Local Sponsor

CAS Riegler has executed 20+ projects in the DC market totaling nearly $250 million in value creation and has built a pipeline of over $150 million of urban-infill residential and mixed-use properties.

Personal Guaranty from Sponsorship

The sponsor’s principals provided full personal guarantees for the Fundrise investment.

Projected Return Calculator

Gross Annual Return* 18.0%
Term 18 mo.
Total Return*

Fundrise Rating

The Fundrise Rating is a letter rating ranging from A to E that provides investors with the ability to easily compare investments across the Fundrise platform. The Fundrise rating measures the relative risk-adjusted return of an investment. Learn more
Category Assessment Points
Capital Senior to Fundrise 70-79% 4
Capital Junior to Fundrise 10-19% 4
Location Primary 1
Occupancy Vacant 3
Development Phase Value-Add 2
Sponsor’s Track Record $50-249 million 2
Personal Guaranty Yes -1
Overall 15 D1

The information contained in the Fundrise Rating is for informational purposes only. It is impersonal and not individualized for any specific investor's financial situation and is not investment advice. These ratings are not intended to be, nor should you interpret them to be, a prediction of how a particular investment will actually perform. You should always carefully consider investments in any security and be comfortable with your understanding of the investment. You may also consider consulting investment professionals.

Risk-Adjusted Return

Capital Structure

Type Source % of Total Amount
Equity Sponsor and LPs 4.6% $294,178
Preferred Equity Fundrise Investment 15.2% $965,000
Senior Debt 80.2% $5,108,322
Total 100.0% $6,367,500

Property Summary

1721 P St. NW - The property is a 4-unit rowhouse rental apartment building, and will be renovated and sold as 4 condo units. 

Address 1721 P St. NW & 1600 15th St. NW
City & State Washington, DC
Neighborhood Dupont and Logan Circle
Product Type Residential / Luxury Townhome & Condos
Project Phase Value-Add / Renovation

Market Summary

Washington, DC - Washington, DC, the seat of the Federal government, covers an area of nearly 69 square miles located between Virginia and Maryland at the confluence of the Potomac and Anacostia Rivers 25 miles west of the Chesapeake Bay. Recognized as one of the most beautifully designed and distinguished cities in the world, Washington has witnessed a cultural resurgence in recent years as several historic neighborhoods including the U Street Corridor, 14th Street/Columbia Heights, Barracks Row, and NOMA, have undergone economic revitalization and development.

About the Sponsor

Kevin Riegler


Robin Bettarel

Director of Development

CAS Riegler Companies is a vertically integrated real estate development, construction and investment company based in Washington, D.C. The strategic focus revolves around creating value and reducing risk for investors and clients through extensive market knowledge, thoughtful design and a long-term approach to sustainable assets. Since CASR’s inception in late 2009, they have executed 13 projects totaling over $140 million in value creation in its first 4 years and has a pipeline of over $60MM of urban residential projects, all in urban-infill locations. Its principals have a collective 35 years of experience and have executed over $500 million of development and construction in Washington, D.C.

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Fee Schedule

Gross ann. return* 18.0%
Servicing and administration fee -0.5%
Net ann. return to investors 17.5%

Other Past Investments

DC Luxury Condo Loft Conversion

Washington, DC
Gross Ann. Return* 15.0%
Term Remaining 0 mo.
Underlying Security Preferred Equity

Atlanta Condo Pre-Development Loan

Atlanta, GA
Gross Ann. Return* 14.0%
Term Remaining 0 mo.
Underlying Security Senior Debt