This 188-unit development is part of the Fundrise portfolio

A steady source of income, backed by real estate and long-term demand

This email was sent

June 12, 2026 12:02pm EDT

Is this your brand on Milled? Claim it.

Matte tone:

14.00% preferred equity investment in the Dallas metro area

Fundrise has added a preferred equity investment to its portfolio—a 188-unit horizontal multifamily development in Aubrey, TX, located in the Dallas-Fort Worth metro area. The investment offers a fixed 14.00%¹ return and is positioned to benefit from the region’s strong demographic trends and continued housing demand.

14%¹ fixed return

The projected annual return offers consistent income potential, structured to prioritize investor distributions.

High-growth location

Denton County is one of the fastest-growing counties in the U.S., with the Aubrey site offering convenient access to employers in Denton, Frisco, Plano, and McKinney.

Horizontal multifamily design

The development includes 188 purpose-built rental homes combining the feel of single-family living with shared amenities: a pool, fitness center, dog park, and pickleball courts. Completion expected in 2027.

Experienced sponsor

The developer has delivered over 11,000 residential units across 43 communities, with an aggregate transaction value of approximately $3.3 billion.

Add Aubrey Development to your portfolio

Why now

In the current economic climate, fixed-return investments like this stand out. With elevated interest rates and ongoing market volatility, preferred equity offers a resilient way to generate income through real assets.

Portfolio impact

The Income Real Estate Fund is designed to deliver stable, income-oriented returns across cycles. This project supports the Income Real Estate Fund’s current 7.90%² annualized distribution rate while aligning with our focus on income-producing assets in growth regions.

Add real estate to your portfolio

Start investing in less than 5 minutes and with as little as $10.

Disclaimer: An investor in the Fundrise Income Fund should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. The Fund’s prospectus contains this and other information about the Fund and may be obtained here. Investors should read the prospectus carefully before investing.

Website | Blog | FAQ | Login

1. This solely represents a fixed rate of preferred return due to the Fundrise Income Real Estate Fund under the terms of its investment agreement(s) and does not reflect either a gross or net return that an investor in the Fundrise Income Real Estate Fund may expect to receive. Due to the uncertainty of other factors that will ultimately determine the return to any investor (such as leverage, cash drag, and other financings), the performance of this asset to the investor is currently unknowable and may ultimately be lower or higher than the stated rate.

2. As of June 12, 2026. The current month's distribution is annualized and divided by the prior month's net asset value per share. Distribution rate is not a total return and is not guaranteed; distributions may be paid from income, gains, and/or return of capital. The total return for the year ended December 31, 2025 was 8%, including both distributions and appreciation.

An investor in the Fundrise Income Fund should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. The Fund’s prospectus contains this and other information about the Fund and may be obtained here. Investors should read the prospectus carefully before investing. The performance information presented above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investor’s investment will fluctuate so that such shares, when redeemed, may be worth more or less than their original cost.

Fundrise, LLC (“Fundrise”) operates a website at fundrise.com and certain mobile apps (the “Platform”). By using the Platform, you accept our Terms of Service and Privacy Policy. All images and return and projection figures shown are for illustrative purposes only, may assume additional client capital contributions over time, and are not actual Fundrise customer or model returns or projections. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in partial or total loss. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of data provided by investors or other third parties. Neither Fundrise nor any of its affiliates provide tax advice and do not represent in any manner that the outcomes described herein will result in any particular tax consequence. Prospective investors should confer with their personal tax advisors regarding the tax consequences based on their particular circumstances. Neither Fundrise nor any of its affiliates assume responsibility for the tax consequences for any investor of any investment. Full Disclosure

The publicly filed offering circulars of the issuers sponsored by Rise Companies Corp., not all of which may be currently qualified by the Securities and Exchange Commission, may be found at fundrise.com/oc.

Fundrise takes any potential security issues seriously, and encourages the responsible and timely reporting of unknown security issues. Please send any discovered security concerns to [email protected].

11 Dupont Circle NW, 9th Floor, Washington, DC 20036

© 2026 Fundrise, LLC. All Rights Reserved. eREIT, eFund and eDirect are trademarks of Rise Companies Corp. Google Play and the Google Play logo are trademarks of Google LLC. Apple, the Apple logo and iPhone are registered trademarks of Apple Inc. Proudly designed and coded in Washington, DC.

Unsubscribe | Edit Notification Preferences

This 188-unit development is part of the Fundrise portfolio

A steady source of income, backed by real estate and long-term demand

Recent emails from Fundrise