Fundrise

Fundrise (founded 2012) is a direct-to-consumer investing platform built to give non-accredited investors access to private real estate, private credit and venture for as little as $10 to start an account. You do not buy individual buildings; you buy shares of Fundrise-managed funds (the Flagship and Income real estate funds, the Innovation fund, and the Opportunistic Credit Funds), whose NAV is a valuation of private assets rather than a public market price. Shares of the Income, Real Estate Interval (Flagship) and Innovation funds bought directly have a $1,000 minimum initial investment. That is the core trade-off: a low minimum and published fees in exchange for limited liquidity and private asset valuations. Fundrise publishes its fees. Its real estate funds charge a 0.15% advisory fee plus a 0.85% flat management fee, about 1.00% together; the Innovation Fund charges a 1.85% flat management fee, with the 0.15% advisory fee on top for portfolio plans; and Opportunistic Credit Fund II charges a 1.75% annualized asset management fee plus an incentive fee equal to 20% of remaining proceeds after a 10% preferred return. Fundrise says Reg A and Reg D offerings may contain redemption penalties. Returns vary by fund and by year. Fundrise's client-returns table shows all advisory accounts returning 1.50% in 2022, -7.45% in 2023 and 5.75% in 2024. Platform-reported figures as of October 12, 2026: the Income Real Estate Fund has an 8.16% annualized distribution rate and an 8.0% annualized return since inception (NAV $619M); the accredited-only Opportunistic Credit Fund, which is closed, shows an 11.50% annualized distribution rate and a 12.7% annualized return since inception (NAV $106M); and Opportunistic Credit Fund II targets 9-11% per its PPM. Distributions and targets are not guaranteed. The real risk is liquidity. The Income and Flagship funds are registered interval funds that make quarterly repurchase offers for between 5% and 25% of their shares at NAV, likely the 5% minimum, and an offer that is oversubscribed is prorated. Opportunistic Credit Fund II has no redemption plan and has a 5 year term plus two one year extensions. Treat the money as long term. Fundrise fits a long-term investor who wants a small slice of private real estate or credit, understands that repurchases are quarterly and limited, and will not need the money during a downturn. The accredited-only funds, such as Opportunistic Credit Fund II at $50,000, are a separate route.