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D.C.'s Fundrise relies on small investments for new property

Monday - 8/20/2012, 6:28am  ET

D.C.-based website Fundrise, which debuted earlier this month, is allowing District and Virginia residents to buy into 1351 H St. NE, a building that will house a hybrid food and retail market when it opens early next year, The Washington Post reported.

The company is selling 3,250 shares for $100 each, which account for 28 percent of the building.

The rest of the property is owned by a few private investors, according to Ben Miller, co-founder of Fundrise.

Miller and his brother Dan first got the idea for Fundrise when they began looking for commercial real estate two years ago.



Tags: fundrised.c.retail