Fundrise

Fundrise is a Washington, D.C.-based real estate investment platform founded in 2012 by Ben and Dan Miller, widely credited with pioneering the eREIT model that opened private real estate to everyday investors. The platform manages approximately $3.3 billion in equity under management across a diversified portfolio of residential and industrial assets, single-family rental homes, and private credit. Since inception, Fundrise has delivered an average annualized return of approximately 10.5%, though individual account returns vary by plan and entry timing — and recent years (2022–2023) saw negative returns amid the broader real estate correction.

With a $10 minimum investment and no accreditation requirement, Fundrise sits in a category largely to itself: a vertically integrated real estate manager offering institutional-grade portfolios to retail investors at a total annual fee of 1% (0.85% asset management + 0.15% advisory). The platform's income-oriented plans have paid quarterly dividends consistently, while its long-term growth plans prioritize appreciation. Liquidity remains the platform's most significant structural limitation — redemptions are processed quarterly and can be suspended at the company's discretion, which it exercised during the 2022 downturn.