Rich Habits Podcast

134: Exposing Wall Street's $1 Trillion Real Estate Blindspot w/ Ben Miller

Sep 8, 2025
Ben Miller, CEO of Fundrise, revolutionized real estate investing for everyday Americans. In this conversation, he unpacks the opportunities in the $1 trillion gap in Wall Street real estate. Miller discusses the rise of build-to-rent communities and how AI is reshaping investment strategies. He shares insights on demographic trends influencing the market and the importance of investor education in these changing times. Listen in for a deep dive into the future of real estate and the evolving landscape of market investments.
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INSIGHT

Democratizing Real Estate Investing

  • Fundrise democratized real estate by convincing the SEC to allow public offerings after the financial crisis.
  • Ben Miller scaled it into an institutional manager with billions AUM and half a million investors.
INSIGHT

Top-Down Meets Bottom-Up

  • Fundrise picks investments by combining top-down macro tailwinds and bottom-up asset-level analysis.
  • They prioritize asset class and location where growth is strongest to capture leveraged returns.
INSIGHT

Sunbelt Build‑To‑Rent Focus

  • Fundrise focuses on data centers and Sunbelt build-to-rent residential communities as core allocations.
  • They target fast-growing states where population migration creates sustained housing demand.
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