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      <jurisdictionOrganization>DE</jurisdictionOrganization>
      <yearIncorporation>2015</yearIncorporation>
      <cik>0001648956</cik>
      <sicCode>6798</sicCode>
      <irsNum>35-2536661</irsNum>
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    <issuerInfo>
      <street1>11 DUPONT CIRCLE NW</street1>
      <street2>9TH FL</street2>
      <city>WASHINGTON</city>
      <stateOrCountry>DC</stateOrCountry>
      <zipCode>20036</zipCode>
      <phoneNumber>202-584-0550</phoneNumber>
      <connectionName>Bjorn Hall</connectionName>
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      <investmentSecurities>0.00</investmentSecurities>
      <accountsReceivable>152000.00</accountsReceivable>
      <propertyPlantEquipment>102407000.00</propertyPlantEquipment>
      <totalAssets>233277000.00</totalAssets>
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      <totalLiabilities>73961000.00</totalLiabilities>
      <totalStockholderEquity>159316000.00</totalStockholderEquity>
      <totalLiabilitiesAndEquity>233277000.00</totalLiabilitiesAndEquity>
      <totalRevenues>12463000.00</totalRevenues>
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      <netIncome>-868000.00</netIncome>
      <earningsPerShareBasic>-0.06</earningsPerShareBasic>
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      <nameAuditor>RSM US LLP</nameAuditor>
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    <issuerEligibility>
      <certifyIfTrue>true</certifyIfTrue>
    </issuerEligibility>
    <applicationRule262>
      <certifyIfNotDisqualified>true</certifyIfNotDisqualified>
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    <summaryInfo>
      <indicateTier1Tier2Offering>Tier2</indicateTier1Tier2Offering>
      <financialStatementAuditStatus>Audited</financialStatementAuditStatus>
      <securitiesOfferedTypes>Equity (common or preferred stock)</securitiesOfferedTypes>
      <offerDelayedContinuousFlag>N</offerDelayedContinuousFlag>
      <offeringYearFlag>N</offeringYearFlag>
      <offeringAfterQualifFlag>N</offeringAfterQualifFlag>
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      <solicitationProposedOfferingFlag>N</solicitationProposedOfferingFlag>
      <resaleSecuritiesAffiliatesFlag>N</resaleSecuritiesAffiliatesFlag>
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      <pricePerSecurity>16.8200</pricePerSecurity>
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      <securityHolderAggegate>0.00</securityHolderAggegate>
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      <concurrentOfferingAggregate>0.00</concurrentOfferingAggregate>
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      <auditorServiceProviderName>RSM US LLP</auditorServiceProviderName>
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      <legalServiceProviderName>Goodwin Procter LLP</legalServiceProviderName>
      <legalFees>40000.00</legalFees>
      <estimatedNetAmount>0.00</estimatedNetAmount>
      <clarificationResponses>Shares to be qualified will be exchanged for shares of Fundrise eFund, LLC at an agreed upon exchange ratio that is based on the projected NAV of each entity.</clarificationResponses>
    </summaryInfo>
    <juridictionSecuritiesOffered>
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      <securitiesIssuerName>Fundrise Equity REIT, LLC</securitiesIssuerName>
      <securitiesIssuerTitle>Common Shares</securitiesIssuerTitle>
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      <securitiesPrincipalHolderAmount>0</securitiesPrincipalHolderAmount>
      <securitiesIssuedAggregateAmount>$257,541,504.00 (19,912,672 shares sold at the then-current purchase price of the common shares offered in the Regulation A offering)</securitiesIssuedAggregateAmount>
    </securitiesIssued>
    <unregisteredSecuritiesAct>
      <securitiesActExcemption>Prior sales of securities pursuant to Regulation A and Regulation D.</securitiesActExcemption>
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