The Fundrise Opportunity Fund seeks to acquire high-quality real estate properties located in designated Opportunity Zones that have strong long-term growth potential. The Fund intends to meet the requirements necessary to qualify as an Opportunity Fund as defined in the Tax Cuts and Jobs Act of 2017 in order to avail investors of the substantial tax-related benefits provided under the bill.
The Fund is managed by Fundrise Advisors, LLC, a registered investment adviser with the SEC² and wholly owned subsidiary of Rise Companies Corp, the parent company of Fundrise. As of June 30, 2018, Rise Companies Corp, as a sponsor, has originated and invested in real estate with an aggregate purchase price of $2.3 billion, and manages eight proprietary real estate investment vehicles.
The Fund anticipates an investment term of no less than 10 years in order to capture the full tax benefits offered under the tax code for Opportunity Funds.
- 1. There can be no assurance that such performance will be achieved, and investors may be subject to partial or total loss.
- 2. Registration with the SEC does not imply a certain level of skill or training.
