Invest in Real Estate with Fundrise
The Miller brothers have a new venture. On Tuesday, Fundrise announced the launch of its website, providing an online platform that "democratizes real estate investment, by empowering local individuals to purchase securities representing shares of ownership in local real estate and share in potential profits of new businesses."
Debuting its first investment offering in Washington, D.C.'s Atlas District, Fundrise is offering D.C. and Virginia residents the opportunity to purchase equity in Fundrise 1351 H Street, LLC, which owns The Maketto Building -- the future home of Maketto, a hybrid food and fashion market by the teams behind the restaurant Toki Underground and DURKL, a D.C.-based American streetwear company.
The money raised will be used to renovate the building and install the interior infrastructure for Maketto. The fashion and food destination plans to open in early 2013. Fundrise 1351 H Street, LLC aims to continue to involve shareholders after the offering has completed, inviting them to participate and engage in the restaurant's development process.
Fundrise is an online investment platform that lets local individuals invest in, own and build local places, such as real estate, restaurants and small businesses. Fundrise selects potential investments and offers securities to the public through its online investment management site. Headquartered in Washington, D.C., Fundrise was founded by brothers Benjamin and Daniel Miller, along with team members Kenny Shin and Brandon Jenkins.
Benjamin and Daniel are also co-founders of Popularise, the online neighborhood crowdsourcing site, as well as Managing Principals at WestMill Capital Partners.
About WestMill Capital Partners
WestMill Capital Partners is a real estate investment company focused on the acquisition, financing, and development of retail-entertainment and urban, mixed-use properties in Washington, D.C.