Fundrise Launches Second Investment Opportunity on H Street

906 H Street NE
Fundrise, the crowdsourced real estate development site, has launched their second public offering at 906 H Street NE (map).
906 H Street NE is a 6,510 square foot, two-story building owned since 2012 by WestMill Capitol Partners (WCP), the development arm of the group behind the Rise companies. WCP plans to find a restaurant or retail tenant for the space, which needs a good bit of renovation. They hope to be finished with construction in the fall of 2014.
Like the last Fundrise project at 1351 H Street NE, DC and Virginia residents can buy into this property for $100 a share; the total offering for Fundrise investors is $350,000, so 3,500 shares are on offer. The remainder of the investment is coming from private sources.
This time around, however, Fundrise is giving investors a hint at the return: they project gaining $180,000 in net income every year, and hope to offer investors a 7 percent annual yield. The costs and full financials are laid out in detail here.
With yesterday’s announcement that the streetcars will be traveling on H Street by the end of the year, it seems like a good time for the Fundrise folks to move forward with their second H Street Corridor project. The site is also across the street from the H Street Connection shopping center, which is slated to be turned into a sizable mixed-use project.
Similar Posts:
- Fundrise Launches, Allows DC and Virginia Residents to Buy Into Local Businesses
- Fundrise ‘Tests the Waters’ Before Moving Forward With Shaw Project
See other articles related to: popularise, fundrise, 906 h street ne
This article originally published at http://dc.urbanturf.com/articles/blog/fundrise_launches_second_investment_opportunity_on_h_street/7012
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »

To illustrate the rise in prices, UrbanTurf analyzed four charts that show the path o... read »

The hyper-competitive, ever-shifting conditions of the DC-area housing market are cha... read »

Since the last time UrbanTurf took a look at the South Capitol Street corridor, over ... read »

A new condominium and townhome community called Venue will debut the best views and m... read »
- A Virtual Tour of More Than 35 DC-Area Developments
- The 9-Year Trajectory of DC Home Prices in Four Charts
- The Price is Right? How Home Pricing and Buying Strategies Are Changing in DC's Competitive Market
- 1,900 Units Down, 1,900 to Go: The Status of the South Capitol Street Pipeline
- Old Town's Newest Riverside Development Is Already Over 50% Sold
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro
2 Comments