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Fundrise Development eREIT, LLC

Operating

Real Estate · Washington, DC

Estimated pre-money ⓘ
$116.1M
As of May 2022 · from Reg A Offering (2022) · our estimate: offering price × shares outstanding, not a stated valuation
Total raised
$95,782,071
Crowd $91.5M · Private $4.2M · 7 rounds since 2019
Latest share price
$10.77
Reg A+ · Equity · May 2022 offering price

Financials

FY2017–FY2025 · from SEC filings · hover any figure for its source
$0
2018
2019
$559K
−$398K
2020
$2.3M
−$846K
2021
$5.6M
−$36K
2022
$5.9M
−$5.8M
2023
$5.9M
−$8.5M
2024
$5.2M
−$3.8M
2025
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 1 earlier year is in the table below.

Metric
FY2017 audited
FY2018 audited
FY2019 audited
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$0
$0
—
$559,000
$2,333,000
$5,622,000
$5,944,000
$5,888,000
$5,242,000
Cost of goods sold
$0
$0
—
$720,000
$2,126,000
—
—
—
—
Gross margin
—
—
—
-29%
9%
—
—
—
—
Net income
$0
$0
—
-$398,000
-$846,000
-$36,000
-$5,797,000
-$8,453,000
-$3,805,000
Balance sheet
Cash
$5,000
$5,000
$5,785,000
$7,895,000
$7,647,000
$7,967,000
$3,791,000
$3,063,000
$4,151,000
Accounts receivable
$0
$0
—
$147,000
$153,000
—
—
—
—
Total assets
$5,000
$5,000
$45,853,000
$54,424,000
$159,881,000
$181,113,000
$189,041,000
$168,840,000
$152,226,000
Long-term debt
$0
$0
—
$0
$37,254,000
—
—
—
—
Total liabilities
$0
$0
$900,000
$3,944,000
$49,943,000
$60,122,000
$79,600,000
$85,938,000
$83,886,000
Other
Headcount
0
0
—
0
0
—
—
—
—

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$67.4M
est. pre-money
$116.1M
est. pre-money
Reg A+ · Equity · Jun 2021
Reg A+ · Equity · May 2022

Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$10.77$5.385$10.43
Jun 2021May 2022
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Oct 22, 2024
ClassOutstandingVotes / shareShare of totalLast price
Common Shares10,096,745—100.0%$10.77May 2022

Shares outstanding over timein today's share terms

15M7.6M0
Mar 2019Oct 2024
Common SharesRound opened

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $19.9M / $19.9MEst. pre-money $116.1M
Raised $0 / $50M
Raised $71.6M / $49.4MEst. pre-money $67.4M
Raised $1.6MInvestors 43

Team

4 people
Benjamin S. Miller
Chief Executive Officer
Alison A. Staloch
Chief Financial Officer
Bjorn J. Hall
General Counsel, Chief Compliance Officer and Secretary
Brandon T. Jenkins
Chief Operating Officer

Names and titles as disclosed on SEC Form 1-A. Bios and photos come from the platform campaign page and may be out of date.

  • Form 1-ZMay 15, 20260001104659-26-061660
    EDGAR
  • Form 1-KApr 30, 20260001104659-26-053110
    EDGAR
  • Form 1-UApr 29, 20260001104659-26-050673
    EDGAR
  • Form 1-UApr 1, 20260001104659-26-038640
    EDGAR
  • Form 1-UJan 2, 20260001104659-26-000021
    EDGAR
  • Form 1-UOct 1, 20250001104659-25-095426
    EDGAR
  • Form 1-SASep 18, 20250001104659-25-091191
    EDGAR
  • Form 1-UJul 1, 20250001104659-25-064344
    EDGAR
Source: SEC EDGARCIK 0001768726DEShare price $10.77Last synced Aug 16, 2026

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.