I wonder what would happen if Fundrise went under. Individual deals vs eREIT.
They should have the same safeguards in place. I will reach out and inquire about the exact safeguards.
Also, Fundrise has continued to do their Internet Public Offerings by raising capital from existing investors. They've raised capital within the past 6 months, but I don't know the details, just that they have raised funds.
This is the best public I've seen about Fundrise's progress: https://www.sec.gov/Archives/edgar/data/1640967/000114420418051231/tv503614_1sa.htm
From the doc:
In July 2018, we surpassed 50,000 investors on the Fundrise Platform.
• In July 2018, we surpassed approximately $500 million in cumulative originations of debt and equity investments across our Sponsored Programs.
• In August 2018, we sponsored two additional eREIT programs: Fundrise Growth eREIT II, LLC and Fundrise Income eREIT II, LLC, available to anyone in the U.S.
• In August 2018, we surpassed approximately $2.5 billion in total real estate property capitalized.
• In August 2018, Fundrise earned position #35 on Inc.’s 2018 list of the 5,000 fastest growing companies in the US and #1 in the financial services category.
• In September 2018, we surpassed $400 million in assets under management under the Sponsored Programs.