UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 1-U
CURRENT REPORT
Pursuant to Regulation A of the Securities Act of 1933
December 20, 2024
(Date of Report (Date of earliest event reported))
FUNDRISE EAST COAST OPPORTUNISTIC REIT, LLC
(Exact name of registrant as specified in its charter)
| Delaware | 30-0889118 |
| (State or other jurisdiction of incorporation) | (IRS Employer Identification No.) |
| 11 Dupont Circle NW, 9th Floor, Washington, DC | 20036 |
| (Address of principal executive offices) | (ZIP Code) |
(202) 584-0550
(Registrant’s telephone number, including area code)
Common Shares
(Title of each class of securities issued pursuant to Regulation A)
Item 9. Other Events
Asset Update
Fundrise East Coast Opportunistic REIT, LLC (the “Company”) was recently paid back in full from its investment in 8123 S Hardy Drive (the “S Hardy Controlled Subsidiary”), a 56,240 square foot industrial property located in Tempe, AZ.
Asset Summary
| Location | Tempe, AZ |
| Asset Type | Industrial |
| Strategy | Value Add |
| Fund Ownership | Fundrise East Coast Opportunistic REIT, LLC; Fundrise Real Estate Interval Fund, LLC |
Following the asset disposition disclosed above, our approximate portfolio breakdown by asset type and strategy is as follows:
Fund Breakdown by Asset Type
| Category | Approximate Percent |
| Industrial | 83% |
| Multifamily | 15% |
| Other | 2% |
Fund Breakdown by Strategy
| Category | Approximate Percent |
| Value Add | 57% |
| Core Plus | 25% |
| Opportunistic | 18% |
Safe Harbor Statement
This Current Report on Form 1-U contains forward-looking statements within the meaning of the federal securities laws. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled “Risk Factors” in the most recently qualified Offering Statement on Form 1-A filed with the Securities and Exchange Commission (“SEC”), as such factors may be updated from time to time in our periodic filings and prospectus supplements filed with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our filings with the SEC. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
SIGNATURES
Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| FUNDRISE EAST COAST OPPORTUNISTIC REIT, LLC | ||
| By: | Fundrise Advisors, LLC | |
| Its: | Manager | |
| By: | /s/ Benjamin St. Angelo | |
| Name: | Benjamin St. Angelo | |
| Title: | Authorized Person | |
Date: January 24, 2025
