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
April 16, 2024
(Date of Report (Date of earliest event reported))
FUNDRISE GROWTH EREIT II, LLC
(Exact name of registrant as specified in its charter)
| Delaware | 61-1775079 |
| (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)
Asset Update
L37 Controlled Subsidiary – Nashville, TN
On September 1, 2022, in connection with our merger with Fundrise Growth eREIT VI, LLC, we acquired ownership of a “wholly-owned subsidiary”, NP 79, LLC (the “L37 Controlled Subsidiary”). Details of the merger can be found here.
The L37 Controlled Subsidiary had acquired on September 24, 2020 one multifamily property containing 52 units and totaling approximately 65,000 rentable square feet located in Nashville, TN (the “L37 Property”) for a purchase price of approximately $10,820,000. Details of the acquisition can be found here.
On April 16, 2024, the L37 Controlled Subsidiary sold the L37 Property.
Safe Harbor Statement
This Current Report on Form 1-U contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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 GROWTH EREIT II, LLC |
| | |
| | By: | Fundrise Advisors, LLC |
| | Its: | Manager |
| | |
| | By: | /s/ Benjamin St. Angelo |
| | Name: | Benjamin St. Angelo |
| | Title: | Authorized Person |
Date: April 22, 2024
