Fundrise, LLC ("Fundrise") today announced the launch of its website, Fundrise.com, 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.
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