A joint venture between two Fundrise-sponsored funds has acquired a community of 87 detached, single-family rental homes in Palm Bay, Florida.
The rental community, known as Cypress Bay, was developed by D R Horton Inc (NYSE:DHI) and completed in February of this year. The community of homes was purchased by a joint venture between the Fundrise Interval Fund and the Growth eREIT VII for approximately $45.7 million.
