J.P. Morgan secures $770M financing for Fundrises plan for 35 BFR communities.

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ANNOUNCEMENT J.P. Morgan credit facility will make Fundrise one of the largest Build-for-Rent operators in the U.S.

JPM financing announcement

Fundrise announced a $770 million credit facility from J.P. Morgan for the platform, which will be used to finance approximately 35 purpose-built rental communities (approximately 4,000 build-for-rent units) across the Sunbelt with a specific focus on Georgia, the Carolinas, and Tennessee. The investment would nearly double Fundrises existing BFR portfolio and will make it one of the largest operators of the asset class in the U.S.

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What is Build-for-Rent? Build-for-rent focuses on building whole communities of new homes in well-located areas primed for population growth driven by technological, demographics, and affordability megatrends. By purchasing these homes in volume directly from homebuilders and leasing them ourselves as stabilized communities, we believe we can get better pricesand returnsthan buying the finished product.

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Learn more about BFR and how to invest

Highland Townhomes is just one example of a Fundrise build-for-rent project. For a full list of build-for-rent projects powering Fundrise portfolios, see fundrise.com/assets.

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