UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 1-U
CURRENT REPORT
Pursuant Regulation A of the Securities Act of 1933
September 21, 2020
(Date of Report (Date of earliest event reported))
Fundrise eREIT XIV, LLC
(Exact name of issuer as specified in its charter)
Delaware | 84-1993754 |
(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
(Issuer’s telephone number, including area code)
Common Shares
(Title of each class of securities issued pursuant to Regulation A)
Fundrise Income eREIT VI, LLC
(Former name or former address, if changed since last report)
Item 9. | Other Events |
Name Change
Effective September 21, 2020, we have changed our name to “Fundrise eREIT XIV, LLC”.
Change in Investment Strategy
In accordance with its stated objectives, Fundrise eREIT XIV , LLC (the “Company,” “us,” “we,” “our” and other similar terms) has determined to pursue a more balanced investment strategy. We will seek to originate, invest in and manage a diversified portfolio primarily consisting of investments in commercial and residential real estate properties, as well as commercial real estate loans, commercial real estate debt securities (including commercial mortgage-backed securities, collateralized debt obligations, and REIT senior unsecured debt), development projects, and other select real estate-related assets, where the underlying assets primarily consist of such properties. We define development projects to include a range of activities from major renovation and lease-up of existing buildings to ground up construction. With demand stoked by demographic trends and supply constrained by economic forces, our Manager believes that commercial and residential real estate properties have displayed strong performance and are expected to be well positioned to see continued low vacancies and healthy rent growth moving forward. While we intend to invest primarily in commercial and residential real estate properties, development projects and commercial real estate loans, we may invest in other asset classes depending on the availability of suitable investment opportunities. We may make our investments through majority-owned subsidiaries, some of which may have rights to receive preferred economic returns.
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 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934. 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 eREIT XIV, LLC (f/k/a Fundrise Income eREIT VI, LLC) | |||
By: | Fundrise Advisors, LLC | ||
Its: | Manager | ||
By: | /s/ Bjorn J. Hall | ||
Name: | Bjorn J. Hall | ||
Title: | General Counsel |
Date: September 23, 2020