Completed
Angelino Heights Urban Home Development
Los Angeles, CA
Overview
Asset class
Real estate
Asset type
Build-for-rent
Strategy
Fixed income
Funds
Fundrise eREIT
Updates
New acquisition
October 25, 2017
The 20,148 square foot site was already approved for the development of thirteen small lot homes as part of a prior Fundrise loan. The borrower, DBA, plans to break ground on the construction of these homes shortly.
New acquisition: $10.5M construction loan in LA
View update
Progress update
August 21, 2018
Despite some permitting delays, site preparation is complete, and work has begun on pouring foundations and laying blocks for the external walls.
Progress update: Construction under way on 13 new homes in LA
View update
Progress update
June 13, 2019
With foundations in place and structural work under way, we expect construction to complete by the end of this year.
Photos: Progress on new homes overlooking downtown LA
View update
Exit
November 15, 2019
The project generated an annualized return of roughly 8.9% over its duration, supporting consistent dividends for West Coast eREIT investors.
Exit update: LA home construction investment pays back successfully
View update
Asset type
Build-for-rent
Build-for-Rent (BFR) homes are newly constructed properties designed specifically for renting, typically built in communities of 50 to 200 units, and operate similar to an apartment building. As home ownership costs soar and the demand for larger living spaces increases, BFR stands out as the next major asset class in real estate as it capitalizes on the growing need for single-family rentals (SFRs). Our BFR strategy involves bulk purchasing directly from builders and managing the rental process, allowing for superior pricing and returns compared to acquiring individual, already-completed homes.
Our strategy
Fixed income
Provide real estate backed loans or similar financing
- Expected variability of return: Low
- Timing of expected return: Typically begin earning interest immediately
- Primary expected source of returns: Interest income
This section is intended to provide a general overview of the Fixed income strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.