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Why fixed-return real estate is outperforming right now

Preferred equity in Spokane Valley, Charlotte, and North Augusta

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Preferred equity in Spokane Valley, Charlotte, and North Augusta
Why fixed-return real estate investments are outperforming right now
With interest rates still above historical averages, preferred equity positions are becoming increasingly attractive relative to many traditional income investments.
We’d like to highlight three strategically acquired preferred equity positions with fixed returns of 13%+ over initial 3-year terms. These investments support the Income Fund's 7.92% distribution rate2 while delivering long-term growth potential—ensuring robust performance even as economic conditions evolve.
Spokane Valley, WA
13.25% Gross Return1   192 Units
Preferred equity investment in a multifamily development positioned to yield 13.25% 1 over an initial three-year term.
Sponsor strength: Highly experienced sponsor with 300+ completed multifamily projects across the Western U.S.
What's next: As rates decrease, this fixed return becomes increasingly attractive relative to other income-focused investments.
Add private credit to your portfolio
Charlotte, NC
13% Fixed Return1   335 Units
Preferred equity in an upscale multifamily project featuring a sky lounge with city views, a resort-style pool, and state-of-the-art fitness facilities.
Market advantage: Charlotte MSA, especially North Charlotte, projecting a 7.6% population increase with strong demand for luxury rentals.
Sponsor experience: 11,000 units developed across 43 communities.
Invest now
North Augusta, SC
13% Gross Return1   343 Units
Preferred equity in an upscale community, including residential buildings, carriage homes, a saltwater pool, and pet spa.
Strategic fit: Proximity to Augusta, GA, and "The Hive"—a 200-acre mixed-use project driving high demand.
Portfolio impact: Diversifies across income-generating assets, delivering attractive returns as interest rates evolve.
Get started
About the Income Fund
These are some examples of the many income-focused assets that power the Income Fund's 7.92%2 annualized distribution rate.

The Income Real Estate Fund aims to generate strong current yields through a diversified mix of fixed income strategies, including gap financing for stabilized and new multifamily projects, as well as housing development across the Sunbelt. Learn more about the Income Fund here.
 
7.92%
Annualized distribution
rate2
$645M
Net asset value (NAV)3
8.2%
Annualized return since
inception4
Invest now
Disclosure: An investor in the Fundrise Income Real Estate Fund should consider the investment objectives, risks, charges, and expenses carefully before investing. The Fund’s prospectus contains this and other information and may be obtained here. Investors should read the prospectus carefully before investing.
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1. This solely represents a fixed rate of preferred return due to the Fundrise Income Real Estate Fund under the terms of their investment agreements and does not reflect either a gross or net return that an investor in the Fundrise Income Real Estate Fund may expect to receive as a result of this fixed rate return. Due to the uncertainty of other factors that will ultimately determine the return to any investor (such as leverage, cash drag, and other potential financings), the performance of this asset to the investor is currently unknowable and undeterminable, and may ultimately be lower or higher than the stated fixed rate of preferred return.
2. As of June 22, 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.
3. The net value of the fund's assets less its liabilities as of June 22, 2026.
4. Annualized return since inception is calculated as a compound average annual return of the fund from the fund's inception date to the most recent month-end. Returns are a sum of NAV appreciation and dividends.
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.
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