1-U 1 tm2425587d1_1u.htm FORM 1-U

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________

 

FORM 1-U

 

CURRENT REPORT

Pursuant to Regulation A of the Securities Act of 1933

 

October 3, 2024

(Date of Report (Date of earliest event reported))

 

RISE COMPANIES CORP.

(Exact name of registrant as specified in its charter)

 

Delaware 45-4862460
(State or other jurisdiction of incorporation) (IRS Employer Identification No.)

 

11 Dupont Circle NW, 9th Floor,
Washington, DC		 20036
(Address of principal executive offices) (ZIP Code)

 

(202) 584-0550

(Registrant’s telephone number, including area code)

 

Class B Common Stock

(Title of each class of securities issued pursuant to Regulation A)

 

 

 

 

 

 

Item 9.Other Events

 

Certain 2024 Performance Metrics

 

2024 year-to-date net returns of all advisory client accounts of Fundrise Advisors by investment plan objective (January - September)1:

 

Plan objective  Income   Balanced   Growth   Custom   Overall 
Dividends   3.11%   1.35%   0.60%   1.74%   1.37%
Appreciation   1.79%   3.23%   2.97%   2.58%   2.87%
Net return   4.90%   4.57%   3.58%   4.32%   4.24%

 

2024 year-to-date net returns of all advisory client accounts of Fundrise Advisors by fund objective (January - September)2:

 

Fund objective  Net total return 
Income   6.04%
Balanced   4.77%
Growth   1.42%
Overall   4.24%

 

2024 year-to-date net returns of all advisory client accounts of Fundrise Advisors by individual Fundrise sponsored fund (January -September)3:

 

Fund name / Objective  Average Principal4   Launch date   Net return 
Registered funds               
Flagship Real Estate Fund  $1,142,548,226    Jan 2021    5.92%
Income Real Estate Fund  $573,224,378    Apr 2022    6.04%
Innovation Fund  $134,174,279    Jul 2022    1.89%
Growth eREITs               
Growth eREIT  $204,388,836    Feb 2016    2.86%
Growth eREIT II  $127,113,423    Sep 2018    -1.77%
Development eREIT  $104,602,830    Jun 2019    -2.41%
Fundrise eFund  $77,432,797    Jun 2017    0.20%
Growth eREIT III  $47,118,814    Feb 2019    6.05%
Growth eREIT VII  $73,196,854    Jan 2021    6.76%
Balanced eREITs               
East Coast eREIT  $110,945,150    Oct 2016    -5.28%
Heartland eREIT  $72,061,855    Oct 2016    2.82%
West Coast eREIT  $71,005,290    Oct 2016    2.23%
Balanced eREIT II  $37,932,179    Jan 2021    7.81%

 

 

 

 

1 Consists of the aggregate returns of Fundrise Advisors client accounts that have selected the indicated investment plan objective as of the end of the period indicated, calculated using the Modified Dietz method. The “Custom” category includes custom (i.e., client-directed) plans. Net returns are inclusive of dividends and capital gains / losses, are net of fees, and include shares which were acquired via dividend reinvestment. “NAV distributions” (if any) are considered as part of the appreciation / price return component. Net returns do not include investments in the Fundrise Opportunity Fund, Innovation Fund, or Opportunistic Credit Fund.

 

2 Consists of the aggregate returns of Fundrise Advisors client accounts within the funds with the stated fund objective during the period indicated, calculated using the Modified Dietz method. Net returns are inclusive of dividends and capital gains / losses, are net of fees, and include shares which were acquired via dividend reinvestment. Net returns do not include investments in the Fundrise Opportunity Fund, Innovation Fund or Opportunistic Credit Fund.

 

3 The aggregate returns of Fundrise Advisors client accounts within the specified fund for the period indicated, calculated using the Modified Dietz method. Net returns are inclusive of dividends and capital gains / losses, are net of fees, and include shares which were acquired via dividend reinvestment.

 

4 “Average principal” is the daily average invested capital in the indicated program during the period indicated, calculated using the Modified Dietz method. The average capital calculation weights individual cash flows (for example investments or redemptions) by the length of time between those cash flows until the end of the period. Flows which occur towards the beginning of the period have a higher weight than flows occurring towards the end.

 

Safe Harbor Statement

 

This Current Report on Form 1-U contains forward-looking statements within the meaning of the federal securities laws. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled “Risk Factors” in the most recently qualified Offering Statement on Form 1-A filed with the Securities and Exchange Commission (“SEC”), as such factors may be updated from time to time in our periodic filings and prospectus supplements filed with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our filings with the SEC. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  RISE COMPANIES CORP.
   
   
  By: /s/ Bjorn J. Hall
  Name: Bjorn J. Hall
  Title: General Counsel
   
Date: October 3, 2024