The real estate investment platform Fundrise announced that it recently acquired 146 rental homes in the Treeline Trails community of Jacksonville, Florida. The purchase was made by a joint venture between two Fundrise-sponsored funds, the Fundrise Interval Fund, which was backed by Goldman Sachs Group Inc (NYSE:GS) last year with a $300 million credit facility, and the Growth eREIT VII.
The joint venture acquired the community for approximately $55.9 million and, according to Fundrise, approximately 90% of the homes were already occupied at the time of acquisition.
