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Real Estate
Jax Daily Record Tuesday, Jul. 5, 202212:00 AM EST

Crowdfunding firm buys Treeline Trails community

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Fundrise Interval Fund allows investors to buy a stake for as little as $10.
by: Dan Macdonald Staff Writer

Fundrise Interval Fund purchased 146 rental homes April 21 in the Treeline Trails community in West Jacksonville near Maxville for $48.98 million.

The community is at 15647 Woodbury Drive and Florida Road 228.

FR-Treeline LLC of Washington D.C., which is part of RSE Capital Partners LLC that includes Fundrise LLC, acquired the homes from MUPR 3 Assets of Amherst Construction LLC of Austin, Texas.

Fundrise owns 467 single family rental homes across Florida, South Carolina, Arizona and Las Vegas.

Fundrise is one of several real estate investment companies that raise money through crowdfunding. It allows investors to buy a stake for as little as $10.

However, this source of funding does not require real estate companies to register with the Securities and Exchange Commission. But there are rules limiting who can invest and how much can be raised.

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