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Fundrise Spins Off RSE Capital into Separate Subsidiary With $400M to Place

WASHINGTON, DC--RSE intends to place $400 million over the next 12 to 18 months, Fundrise CEO Ben Miller tells GlobeSt.com.

By Erika Morphy | erikamorphy | Updated on November 07, 2016

RSE's SVP Latasha Edwards RSE’s SVP Latasha Edwards

WASHINGTON, DC–Fundrise is spinning off its real estate investment arm RSE Capital Partners into a separate, wholly-owned subsidiary. The end result of the company’s spinoff will be twofold: 1] it will create a new source of  equity and debt in three separate product lines — multifamily acquisitions and development and infill bridge lending and 2] it will provide an enhanced source of investment returns for Fundrise’s five e-REITs.

Because RSE Capital’s capital source is the Fundrise platform, the capital it will lend out will be lower cost and more flexible, Fundrise CEO Ben Miller tells GlobeSt.com. He envisions RSE becoming a commercial real estate capital source provider akin to Blackstone and Morgan Stanley.

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