Fundrise has 12 different funds, and you have to look at it by strategy. We mostly bought last-to-be multi-family apartments in the Sunbelt from like 2015 to 2019. Then we started busy partnering with developers to build new construction industrial. And really recently, we pivoted to credit and being an equity investor because the equity markets are not attractive.
For the past year, public real estate investment trusts that own or manage office buildings, hotels and multifamily have traded at steep discounts as investors feared rising rates would take a whack to profits and property values. Amid that downturn, Ben Miller, CEO of investment platform Fundrise, has set his sights to credit. Tune in for the lowdown on why Miller sees opportunity in debt and which asset classes he’s eyeing once equities markets recover.