Filed Pursuant to Rule 253(g)(2)
File No. 024-11149
RISE COMPANIES CORP.
SUPPLEMENT NO. 1 DATED OCTOBER 5, 2022
TO THE OFFERING CIRCULAR DATED AUGUST 16, 2022
This document supplements, and should be read in conjunction with, the offering circular of Rise Companies Corp. (the "Company", “we”, “our” or “us”), dated August 16, 2022 and filed by us with the Securities and Exchange Commission (the “Commission”) on August 16, 2022 (the “Offering Circular”). Unless otherwise defined in this supplement, capitalized terms used in this supplement shall have the same meanings as set forth in the Offering Circular.
The purpose of this supplement is to disclose certain 2022 performance metrics and milestones of the Company.
Certain 2022 Performance Metrics
2022 year-to-date net returns of all client accounts of Fundrise Advisors by investment plan objective (January - September)1:
| Plan objective | Income | Balanced | Growth | Overall | ||||||||||||
| Net Dividends | 2.41 | % | 1.67 | % | 1.37 | % | 1.67 | % | ||||||||
| Appreciation | 2.87 | % | 3.56 | % | 4.24 | % | 3.73 | % | ||||||||
| Net Total Return | 5.28 | % | 5.23 | % | 5.61 | % | 5.40 | % | ||||||||
2022 year-to-date net returns of all client accounts of Fundrise Advisors by fund objective (January - September)2:
| Fund objective | Net total return | |||
| Income | 4.70 | % | ||
| Balanced | 5.17 | % | ||
| Growth | 6.25 | % | ||
| Overall | 5.40 | % | ||
2022 year-to-date performance of individual Fundrise sponsored funds (January - September)3:
| Fund name / objective | Average AUM4 | Launch date | Net total return | |||||||
| Registered funds | ||||||||||
| Flagship Real Estate Fund | $ | 1,045,312,683 | Jan 2021 | 4.34 | % | |||||
| Income Real Estate Fund | $ | 300,862,821 | Apr 2021 | 4.72 | % | |||||
| Growth | ||||||||||
| Growth eREIT | $ | 241,872,006 | Feb 2016 | 9.61 | % | |||||
| Growth eREIT II | $ | 115,835,210 | Sep 2018 | 9.27 | % | |||||
| Development eREIT | $ | 120,060,716 | Jun 2019 | -0.77 | % | |||||
| eFund | $ | 101,158,471 | Jun 2017 | 1.04 | % | |||||
| Growth eREIT III | $ | 61,169,580 | Feb 2019 | 15.60 | % | |||||
| Growth eREIT VII | $ | 74,273,634 | Jan 2021 | 2.82 | % | |||||
| Growth eREIT VI | $ | 44,382,741 | Dec 2019 | 3.82 | % | |||||
| Balanced | ||||||||||
| East Coast eREIT | $ | 170,541,482 | Oct 2016 | 8.30 | % | |||||
| Heartland eREIT | $ | 116,224,552 | Oct 2016 | 9.03 | % | |||||
| West Coast eREIT | $ | 97,107,887 | Oct 2016 | 4.05 | % | |||||
| Balanced eREIT | $ | 46,146,551 | Dec 2019 | 4.66 | % | |||||
| eREIT XIV | $ | 15,764,033 | Dec 2019 | 6.02 | % | |||||
| Balanced eREIT II | $ | 54,489,284 | Jan 2021 | 5.21 | % | |||||
| Income | ||||||||||
| Income eREIT | $ | 47,429,381 | Dec 2015 | 4.14 | % | |||||
| Income eREIT II | $ | 26,572,702 | Sep 2018 | 5.43 | % | |||||
| Income eREIT V | $ | 21,712,720 | Oct 2019 | 3.92 | % | |||||
| Income eREIT 2019 | $ | 14,252,090 | Jun 2019 | 5.34 | % | |||||
| Income eREIT III | $ | 12,065,884 | Feb 2019 | 5.57 | % | |||||
Net returns of all client accounts of Fundrise Advisors for Q3 2022 by investment plan objective1:
| Plan objective | Income | Balanced | Growth | Overall | ||||||||||||
| Net Dividends | 0.68 | % | 0.44 | % | 0.36 | % | 0.45 | % | ||||||||
| Appreciation | -0.07 | % | -0.37 | % | -0.47 | % | -0.36 | % | ||||||||
| Net Total Return | 0.61 | % | 0.08 | % | -0.11 | % | 0.09 | % | ||||||||
Net returns of all client accounts of Fundrise Advisors for Q3 2022 by fund objective2:
| Fund objective | Net total return | |||
| Income | 1.62 | % | ||
| Balanced | -0.35 | % | ||
| Growth | 0.19 | % | ||
| Overall | 0.09 | % | ||
Performance of individual Fundrise sponsored funds for Q3 20223:
| Fund name / objective | Average AUM5 | Launch date | Net total return | |||||||
| Registered funds | ||||||||||
| Flagship Real Estate Fund | $ | 1,271,866,717 | Jan 2021 | -0.88 | % | |||||
| Income Real Estate Fund | $ | 460,441,987 | Apr 2021 | 1.62 | % | |||||
| Growth | ||||||||||
| Growth eREIT | $ | 266,231,703 | Feb 2016 | 2.12 | % | |||||
| Growth eREIT II | $ | 133,054,747 | Sep 2018 | 0.66 | % | |||||
| Development eREIT | $ | 124,002,534 | Jun 2019 | -0.01 | % | |||||
| eFund | $ | 105,499,892 | Jun 2017 | -0.02 | % | |||||
| Growth eREIT III | $ | 67,132,633 | Feb 2019 | 2.64 | % | |||||
| Growth eREIT VII | $ | 96,562,505 | Jan 2021 | -7.21 | % | |||||
| Growth eREIT VI | $ | 34,305,244 | Dec 2019 | 0.96 | % | |||||
| Balanced | ||||||||||
| East Coast eREIT | $ | 184,635,981 | Oct 2016 | -1.02 | % | |||||
| Heartland eREIT | $ | 119,906,533 | Oct 2016 | 3.70 | % | |||||
| West Coast eREIT | $ | 95,882,476 | Oct 2016 | 1.06 | % | |||||
| Balanced eREIT | $ | 34,604,022 | Dec 2019 | 3.03 | % | |||||
| Balanced eREIT II | $ | 64,096,505 | Jan 2021 | 0.43 | % | |||||
1 “Net Total Return” consists of the time-weighted, weighted-average aggregate returns of Fundrise Advisors client accounts that have participated in the indicated investment plan objective during the period indicated, calculated using the Modified Dietz method. Net total returns are inclusive of dividends and capital gains / losses, are net of fees, and include shares which were acquired via dividend reinvestment. Net total returns do not include investments in the Fundrise Innovation Fund.
2 “Net Total Return” consists of the time-weighted, weighted-average aggregate returns of Fundrise Advisors client accounts within the funds with the stated fund objective during the period indicated, calculated using the Modified Dietz method. Net total returns are inclusive of dividends and capital gains / losses, are net of fees, and include shares which were acquired via dividend reinvestment. Net total returns do not include investments in the Fundrise Innovation Fund.
3 “Performance of individual Fundrise sponsored funds” specifically refers to the time weighted return for the period indicated, calculated using the Modified Dietz method. Returns are inclusive of dividends and capital gains / losses, are net of fees, and include shares which were acquired via dividend reinvestment.
4 “Average AUM” is the daily average invested capital in the indicated program during the first nine months of calendar year 2022, calculated using the Modified Dietz method. The average capital calculation weights individual cash flows (for example investments or redemptions) by the length of time between those cash flows until the end of the period. Flows which occur towards the beginning of the period have a higher weight than flows occurring towards the end.
5 “Average AUM” is the daily average invested capital in the indicated program during the third quarter of calendar year 2022, calculated using the Modified Dietz method. The average capital calculation weights individual cash flows (for example investments or redemptions) by the length of time between those cash flows until the end of the period. Flows which occur towards the beginning of the period have a higher weight than flows occurring towards the end.
Certain 2022 Milestones
Notable Rise Companies Corp. (the “Company”) milestones as of September 30, 2022:
| · | The Company surpassed 370,000 active investor accounts on the Fundrise Platform. |
| · | The Company surpassed $3.3 billion in equity assets under management in the Sponsored Programs. |
| · | Investor accounts on the Fundrise Platform surpassed more than $225 million in net dividends earned from the Sponsored Programs. |
| · | The Company has surpassed 1.7 million active users on the Fundrise Platform. |
| · | The Company has 343 employees. |
