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Benzinga
Benzinga
Business
Kevin Vandenboss

Fundrise Bets On Continued Rental Market Growth With $37.6 Million Acquisition Of Gulf Coast Rental Home Community

Fundrise Mississippi Ocean Springs

The real estate investment platform Fundrise announced that it acquired Emerald Lakes, a community of 106 detached single-family rental homes in Ocean Springs, Mississippi.

Two Fundrise sponsored funds formed a joint venture to acquire the property. The Growth eREIT VIII, which invested $2 million and the Fundrise Interval Fund, which invested roughly $17.8 million. The additional $17.8 million was financed through a portfolio credit facility.

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