Fundrise, a crowdfunding real estate platform, has announced its intention to spin off the REIT’s real estate investment branch, RSE Capital Paertners, into a stand-alone company. The new company will focus on origination, underwriting, investment and management for the company’s eREIT platform. RSE will collaborate with top brokers and real estate firms nationwide, focusing on institutional-level assets, primarily multifamily acquisitions, multifamily development and infill bridge lending. The new firm will look for deals in the $20 million and $100 million range.
“The real estate companies we partner with are focused on working with a capital provider that can add value to their businesses. Launching RSE Capital as a standalone company will allow us to focus more resources on continuing to provide the most flexible, reliable, and competitively priced equity and debt solutions in the marketplace,” stated Ben Miller, Fundrise’s co-founder & CEO.