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Fundrise eFund

Closed Real estate

The eFund investment portfolio originally focused on housing in urban infill markets to capture the demand for housing from the rising Millennial generation. With our partnership with Saltbox, the eFund is increasingly focused on infill industrial real estate.

2.0%

$61M

Fund category

Objective

Inception date

May 18, 2017

Current NAV per share

$11.79

Fund strategy

The Fundrise eFund launched in 2017 with the objective of renovating and developing single-family homes primarily in the DC and Los Angeles metropolitan areas.

In March 2022, we expanded our investment strategy to announce a new partnership with Saltbox, an innovative logistics solutions company aiming to disrupt the logistics real estate industry. This partnership marks the beginning of a shift away from the eFund's initial urban housing thesis and an increased focus on infill industrial assets for the fund going forward.

A benefit of the eFund is the flexible regulatory structure. It allows for investment into non-REIT compliant assets and as a partnership it provides investors with tax efficiencies.

Asset type

Industrial

59.1%

Single-family rental

37.9%

Other

3.0%

Strategy allocation

Learn more

Value add

59.1%

Opportunistic

30.8%

Fixed income

10.1%

Distribution frequency

Quarterly

Tax reporting

Form K-1

Management fee

0.85%

Hypothetical growth of $10,000

Hypothetical performance of investment between May 2017 and today with dividend reinvestment enabled. Past performance does not guarantee future results.

Initial investment value

$10,000.00

Total appreciation

$1,790.00

Total distributions

$0.00

Current investment value

$11,790.00

Value

$11,790.00

Contribution

$10,000.00

Net Return

$1,790.00

Historical net return

2025

NAV at end of period

$11.63

$11.79

Distribution rate

0.0%

Appreciation

0.0%

1.4%

0.0%

Total return

0.0%

1.4%

0.0%

2024

0.0%

0.1%

0.0%

1.6%

1.7%

2023

0.0%

-0.1%

0.0%

-2.9%

-3.0%

2022

0.0%

1.0%

0.0%

-1.3%

-0.3%

2021

0.0%

1.3%

0.0%

2.0%

3.3%

2020

0.0%

1.7%

0.0%

4.8%

0.0%

6.5%

2019

0.0%

1.0%

0.0%

2.9%

3.9%

2018

0.0%

3.4%

2017

0.0%

Learn more about the assumptions in this section, or view our full disclosure.

Assets

Viewing 30 assets

*The projected annual return presented for this project is at the portfolio level, because it is held in a pooled portfolio.

Literature

All investors should consider the investment objectives, risks and charges and expenses of the Fund carefully before investing. Information regarding such considerations, including the prospectus of the ‘40 Act registered fund may be found below. Investors should read the prospectus carefully before investing.

Offering CircularPDF attachment

2024 Semi-Annual ReportEDGAR SEC link

2024 Annual ReportEDGAR SEC link

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