# EDGAR Filing Document

**Accession Number:** 0001777677
**File Stem:** 0001777677-25-000025
**Filing Date:** 2025-11
**Character Count:** 27752
**Document Hash:** 091cf0afca1aeeb8246aa9a3c4c4e083
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001777677-25-000025.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001777677-25-000025

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fundrise Real Estate Interval Fund, LLC
- **CENTRAL INDEX KEY:** 0001777677

**ORGANIZATION NAME:**
- **EIN:** 834327607
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23448
- **FILM NUMBER:** 251516892

**BUSINESS ADDRESS:**
- **STREET 1:** 11 DUPONT CIRCLE NW
- **STREET 2:** 9TH FLOOR
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036
- **BUSINESS PHONE:** 2025840550

**MAIL ADDRESS:**
- **STREET 1:** 11 DUPONT CIRCLE NW
- **STREET 2:** 9TH FLOOR
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INCOME EREIT INTERVAL FUND LLC
- **DATE OF NAME CHANGE:** 20190523

## Nport-Ex

Fundrise

Real

Estate

Interval

Fund,

LLC

Schedule

of

Investments

(UNAUDITED)

September

30,

2025

See

accompanying

notes

to

schedule

of

investments.

(Amounts

in

thousands)

Par/Shares

Description

Acquisition

Date

Value

as

of

September

30,

2025

Real

Estate

Co-Investment

Joint

Ventures

-

94.9%

Industrial

-

17.1%

N/A

Fundrise

Industrial

JV

1,

LLC (Cost

$3,498)

(1)(2)(3)(4)

06/04/21

$

3,209

N/A

Fundrise

Industrial

JV

2,

LLC (Cost

$209,912)

(1)(2)(3)(4)

09/29/21

205,911

Total

Industrial

(Cost

$213,410)

$

209,120

Multi-Family

Residential

-

20.2%

N/A

Fundrise

MF

JV

1,

LLC (Cost

$223,046)

(1)(2)(3)(4)

03/05/21

$

247,292

Total

Multi-Family

Residential

(Cost

$223,046)

$

247,292

Single

Family

Residential

-

57.6%

N/A

Fundrise

SFR

Dev

JV

1,

LLC (Cost

$24,217)

(1)(2)(3)(4)

04/02/21

$

25,598

N/A

Fundrise

SFR

JV

1,

LLC (Cost

$563,400)

(1)(2)(3)(4)

01/25/21

564,398

N/A

Fundrise

SFR

JV

2,

LLC (Cost

$80,228)

(1)(2)(3)(4)

01/09/23

116,881

Total

Single

Family

Residential

(Cost

$667,845)

$

706,877

Total

Real

Estate

Co-Investment

Joint

Ventures

(Cost

$1,104,301)

$

1,163,289

Commercial

Mortgage-Backed

Security

-

1.1%

Non-U.S.

Government

Agency

Issues

-

1.1%

$

14,000

QTS

Data

Centers

-

BX

2025-VLT7

D,

7.40%

(3.25%

+

SOFR),

07/15/27

(5)(6)

$

14,147

Total

Commercial

Mortgage-Backed

Security

(Cost

$13,999)

$

14,147

Short-Term

Investment

-

4.0%

48,643

JP

Morgan

U.S.

Treasury

Plus

Money

Market

Fund,

Capital

Shares,

4.09%

(7) $

48,643

Total

Short-Term

Investment

(Cost

$48,643)

$

48,643

Total

investments,

at

value

-

100.0%

(Cost

$1,166,943)

$

1,226,079

Other

assets

in

excess

of

liabilities

-

0.0%

Total

Net

Assets

-

100.0%

$

1,226,328

LLC

Limited

Liability

Company

(1) Investment

in

an

affiliate.

See

Note

2,

Summary

of

Significant

Accounting

Policies

for

additional

information.

(2) Investments

classified

as

Level

within

the

three-tier

fair

value

hierarchy.

See

the

accompanying

notes

to

the

schedule

of

investments

for

an

explanation

of

this

hierarchy,

as

well

as

a

list

of

significant

unobservable

inputs

used

in

the

valuation

of

these

instruments.

(3) Restricted

security.

The

aggregate

value

of

restricted

securities

at

September

30,

2025

is

approximately

$1,163,289

(amount

in

thousands)

and

represents

approximately

94.9%

of

net

assets.

See

Note

2,

Summary

of

Significant

Accounting

Policies

for

additional

information.

(4) Non-income

producing

investment.

(5) All

or

a

portion

of

this

security

has

been

pledged

as

collateral

for

securities

sold

under

agreement

to

repurchase.

(6) This

investment

has

a

floating

interest

rate.

Coupon

rate,

reference

index

and

spread

shown

at

September

30,

2025. (7) Rate

disclosed

is

representative

of

the

seven-day

effective

yield

as

of

September

30,

2025. (Amounts

in

thousands)

Reverse

Repurchase

Agreement

Counterparty

Settlement

Date

Maturity

Date

Interest

%

(Borrowing

Rate)

Principal

Payable

(Including

Accrued

Interest)

Barclays

Bank

PLC

10/02/25

11/03/25

5.13%

$

11,654

$

(11,654)

Total

$

11,654

$

(11,654)

Fundrise

Real

Estate

Interval

Fund,

LLC

Notes

to

Schedule

of

Investments

(UNAUDITED)

September

30,

2025

1. Formation

and

Organization

Fundrise

Real

Estate

Interval

Fund,

LLC

(the

"Fund"

or

the

"Registrant")

is

a

Delaware

limited

liability

company

and

has

elected

and

has

qualified

to

be

taxed

as

a

real

estate

investment

trust

(a

"REIT")

for

U.S.

federal

income

tax

purposes

under

Part

II

of

Subchapter

M

of

Chapter

of

the

Internal

Revenue

Code

of

1986,

as

amended

(the

"Code"),

commencing

with

its

taxable

year

ended

December

31,

2021,

and

intends

to

continue

to

qualify

as

a

REIT.

The

Fund

is

organized

as

a

continuously

offered,

non-

diversified,

closed-end

management

investment

company

registered

under

the

Investment

Company

Act

of

1940,

as

amended

(the

"1940

Act"),

that

operates

as

an

interval

fund.

The

Fund's

registration

statement

was

declared

effective

on

December

18,

2020. The

Fund

commenced

investment

operations

on

January

1,

2021. The

Fund's

investment

objective

is

to

seek

to

generate

current

income

while

secondarily

seeking

long-term

capital

appreciation

with

low

to

moderate

volatility

and

low

correlation

to

the

broader

markets.

Under

normal

circumstances,

the

Fund's

investment

strategy

is

to

invest

at

least

80%

of

its

net

assets

(plus

the

amount

of

any

borrowings

for

investment

purposes)

in

a

diversified

portfolio

of

private

real

estate

(real

property

whose

ownership

interests

are

not

traded

on

public

markets)

and

publicly

traded

real

estate-related

investments.

The

investment

adviser

to

the

Fund

is

Fundrise

Advisors,

LLC

(the

"Adviser"),

an

investment

adviser

registered

with

the

U.S.

Securities

and

Exchange

Commission

("SEC")

under

the

Investment

Advisers

Act

of

1940,

as

amended.

The

Adviser

is

a

wholly-

owned

subsidiary

of

Rise

Companies

Corp.

("Rise

Companies"

or

the

"Sponsor"),

the

Fund's

sponsor.

Subject

to

the

supervision

of

the

Board

of

Directors

of

the

Fund

(the

"Board"),

the

Adviser

is

responsible

for

directing

the

management

of

the

Fund's

business

and

affairs,

managing

the

Fund's

day-to-day

affairs,

and

implementing

the

Fund's

investment

strategy.

2. Summary

of

Significant

Accounting

Policies

Valuation

Oversight

Pursuant

to

SEC

Rule

2a-5

under

the

1940

Act,

the

Board

has

approved

the

Adviser

as

the

Fund's

Valuation

Designee

("Valuation

Designee"),

to

provide

administration

and

oversight

of

the

Fund's

valuation

policies

and

procedures.

The

Fund

values

its

investments

in

accordance

with

such

procedures.

Generally,

portfolio

securities

and

other

assets

for

which

market

quotations

are

readily

available

are

valued

at

market

value,

which

is

ordinarily

determined

on

the

basis

of

official

closing

prices

or

the

last

reported

sales

prices.

If

market

quotations

are

not

readily

available

or

are

deemed

unreliable,

the

Fund

will

use

the

fair

value

of

the

securities

or

other

assets

as

determined

by

the

Adviser

in

good

faith,

taking

into

consideration

all

available

information

and

other

factors

that

the

Adviser

deems

pertinent,

in

each

case

subject

to

the

overall

supervision

and

responsibility

of

the

Board.

In

calculating

the

Fund's

net

asset

value

("NAV"),

the

Adviser,

subject

to

the

oversight

of

the

Board,

uses

various

valuation

methodologies.

To

the

extent

practicable,

the

Adviser

generally

endeavors

to

maximize

the

use

of

observable

inputs

and

minimize

the

use

of

unobservable

inputs

by

requiring

that

the

most

observable

inputs

are

to

be

used

when

available.

The

availability

of

valuation

techniques

and

observable

inputs

can

vary

from

investment

to

investment

and

are

affected

by

a

wide

variety

of

factors.

When

valuation

is

based

on

models

or

inputs

that

are

less

observable

or

unobservable

in

the

market,

the

determination

of

fair

value

requires

more

judgment,

and

may

involve

alternative

methods

to

obtain

fair

values

where

market

prices

or

market-based

valuations

are

not

readily

available.

As

a

result,

the

Adviser

may

exercise

a

higher

degree

of

judgment

in

determining

fair

value

for

certain

securities

or

other

assets.

Fair

Value

Measurement

The

following

is

a

current

summary

of

certain

methods

generally

used

to

value

investments

of

the

Fund

under

the

Fund's

valuation

procedures:

The

Fund

applies

Financial

Accounting

Standards

Board

("FASB")

Accounting

Standards

Codification

("ASC")

Topic

820,

Fair

Value

Measurement,

as

amended,

which

establishes

a

framework

for

measuring

fair

value

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

("U.S.

GAAP")

and

required

disclosures

of

fair

value

measurement.

U.S.

GAAP

defines

the

fair

value

as

the

price

that

the

Fund

would

receive

to

sell

an

asset

or

pay

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

at

the

measurement

date.

Fundrise

Real

Estate

Interval

Fund,

LLC

Notes

to

Schedule

of

Investments

(UNAUDITED)(Continued)

September

30,

2025

The

Fund

determines

the

fair

value

of

certain

investments

in

accordance

with

the

fair

value

hierarchy

that

requires

an

entity

to

maximize

the

use

of

observable

inputs.

The

fair

value

hierarchy

includes

the

following

three

levels

based

on

the

objectivity

of

the

inputs,

which

were

used

for

categorizing

the

assets

or

liabilities

for

which

fair

value

is

being

measured

and

reported:

Level

–

Quoted

market

prices

in

active

markets

for

identical

assets

or

liabilities.

Level

–

Significant

other

observable

inputs

(e.g.,

quoted

prices

for

similar

items

in

active

markets,

quoted

prices

for

identical

or

similar

items

in

markets

that

are

not

active,

inputs

other

than

quoted

prices

that

are

observable

such

as

interest

rate

and

yield

curves,

and

market-corroborated

inputs).

Level

–

Valuation

generated

from

model-based

techniques

that

use

inputs

that

are

significant

and

unobservable

in

the

market.

These

unobservable

assumptions

reflect

estimates

of

inputs

that

market

participants

would

use

in

pricing

the

asset

or

liability.

Valuation

techniques

may

include

use

of

discounted

cash

flow

methodologies

or

similar

techniques,

which

incorporate

management's

own

estimates

of

assumptions

that

market

participants

would

use

in

pricing

the

instrument

or

other

valuation

assumptions

that

require

significant

management

judgment

or

estimation.

Fixed

income

securities

are

valued

by

an

independent

pricing

service

overseen

by

the

Valuation

Designee.

The

pricing

service

employs

a

pricing

model

that

takes

into

account,

among

other

things,

bids,

yield

spreads

and/or

other

market

data

and

specific

security

characteristics.

In

the

event

prices

or

quotations

are

not

readily

available

or

that

the

application

of

these

valuation

methods

results

in

a

price

for

an

investment

that

is

deemed

to

be

not

representative

of

the

fair

value

of

such

investment,

fair

value

will

be

determined

in

good

faith

by

the

Valuation

Designee,

in

accordance

with

the

valuation

policy

and

procedures

approved

by

the

Board.

These

securities

are

generally

classified

in

Level

of

the

fair

value

hierarchy.

Investments

in

registered

investment

companies,

including

money

market

funds,

are

valued

at

the

NAV

as

of

the

close

of

each

business

day.

These

securities

are

generally

classified

in

Level

of

the

fair

value

hierarchy.

Based

on

the

short-term

nature

of

the

borrowings

under

the

reverse

repurchase

agreements,

the

carrying

value

of

the

payable

for

reverse

repurchase

agreements

approximated

its

fair

value

as

of

September

30,

2025. These

reverse

repurchase

agreements

are

generally

classified

in

Level

of

the

fair

value

hierarchy.

Real

Estate

Co-Investment

Joint

Ventures

are

stated

at

fair

value.

The

Fund's

ownership

interests

are

valued

based

on

the

fair

value

of

the

underlying

real

estate,

any

related

mortgage

loans

payable,

and

any

other

assets

and

liabilities

of

the

joint

venture.

The

fair

values

of

real

estate

investments

are

generally

determined

by

considering

the

income,

cost,

or

sales

comparison

approaches

of

estimating

property

value.

The

income

approach

may

be

based

on

the

discounted

cash-flow

method

or

the

direct

capitalization

method.

The

discounted

cash-flow

method

estimates

an

income

stream

for

a

property

(typically

years)

and

discounts

this

income

plus

a

reversion

(presumed

sale)

into

a

present

value

at

a

risk

adjusted

rate.

The

discount

rate

and

the

exit

capitalization

rate

are

significant

inputs

in

valuations

based

on

discounted

cash

flow

analysis.

These

rates

are

based

on

the

location,

type,

and

nature

of

each

property,

as

well

as

current

and

anticipated

market

conditions.

The

direct

capitalization

method

converts

a

single

year's

estimated

stabilized

net

operating

income

into

a

value

indication

by

applying

a

market-based

capitalization

rate.

Discount

rates,

market-based

capitalization

rates,

and

growth

assumptions

utilized

in

the

income

approach

are

derived

from

market

transactions

as

well

as

other

financial

and

industry

data.

The

cost

approach

estimates

the

replacement

cost

of

the

building

less

depreciation

plus

the

land

value.

The

sales

comparison

approach

compares

recent

transactions

to

the

subject

property.

Adjustments

are

made

for

dissimilarities

that

typically

provide

a

range

of

value.

Due

to

the

inherent

uncertainty

of

determining

the

fair

value

of

investments

that

do

not

have

a

readily

available

market

value,

the

fair

value

of

the

Fund's

investments

may

differ

significantly

from

the

values

that

would

have

been

used

had

a

readily

available

market

value

existed

for

such

investments,

and

the

differences

could

be

material.

The

following

is

a

summary

of

the

Fund's

assets

and

liabilities

measured

at

fair

value

on

a

recurring

basis

as

of

September

30,

2025

,

and

indicates

the

fair

value

hierarchy

of

the

inputs

utilized

by

the

Fund

to

determine

such

fair

value

(amounts

in

thousands)

:

Fundrise

Real

Estate

Interval

Fund,

LLC

Notes

to

Schedule

of

Investments

(UNAUDITED)(Continued)

September

30,

2025

The

following

is

a

summary

of

quantitative

information

about

the

significant

unobservable

inputs

used

to

determine

the

fair

value

of

the

Fund's

Level

investments

as

of

September

30,

2025

(amounts

in

thousands)

.

The

weighted

average

range

of

unobservable

inputs

is

based

on

the

fair

value

of

investments.

Various

valuation

techniques

were

used

in

the

valuation

of

certain

investments

and

weighted

based

on

the

level

of

significance.

The

tables

are

not

intended

to

be

all-inclusive

but

instead

capture

the

significant

unobservable

inputs

relevant

to

the

Fund's

determination

of

fair

value.

The

following

is

a

reconciliation

of

investments

in

which

significant

unobservable

inputs

(Level

3)

were

used

in

determining

fair

value

(amounts

in

thousands)

:

Reverse

Repurchase

Agreements

The

Fund

may

use

leverage

to

provide

additional

funds

to

support

its

investment

activities.

The

Fund

may

enter

into

reverse

repurchase

agreements

from

a

bank

or

dealer

at

a

specified

maturity

date,

under

which

the

Fund

will

effectively

pledge

its

assets

as

collateral

to

secure

a

short-term

loan.

Generally,

the

other

party

to

the

agreement

makes

the

loan

in

an

amount

equal

to

a

percentage

of

the

market

value

of

the

pledged

collateral.

At

the

maturity

of

the

reverse

repurchase

agreement,

the

Fund

will

be

required

to

repay

Level

Level

Level

Total

Assets

Real

Estate

Co-Investment

Joint

Ventures

$

–

$

–

$

1,163,289

$

1,163,289

Commercial

Mortgage

Backed

Security

–

14,147

–

14,147

Short-Term

Investments

48,643

–

–

48,643

Total

Assets

$

48,643

$

14,147

$

1,163,289

$

1,226,079

Liabilities

Reverse

Repurchase

Agreement

$

–

$

(11,654)

$

–

$

(11,654)

Total

Liabilities

$

–

$

(11,654)

$

–

$

(11,654)

Investment

Fair

Value

Valuation

Technique

Unobservable

Input

(1) Range

(Weighted

Average)

Impact

to

Valuation

from

an

Increase

in

Input

(2) Real

Estate

Co-Investment

Joint

Ventures

$

1,163,289

Direct

Capitalization

Capitalization

Rate

5.3%

Decrease

Discounted

Cash

Flow

Discount

Rate

6.3%

–

7.5%

(6.7%)

Decrease

Sales

Comparison

Approach

Price

Per

Unit

$218

–

$322

($291)

Increase

Recent

Transaction

Transaction

Price

N/A

Increase

Total

Real

Estate

Co-Investment

Joint

Ventures

$

1,163,289

(1) Represents

the

significant

unobservable

input

used

to

fair

value

the

underlying

real

estate

property

of

the

joint

ventures.

The

fair

value

of

such

financial

instruments

is

the

largest

component

of

the

valuation

of

each

joint

venture

as

a

whole.

(2) Represents

the

expected

directional

change

in

the

fair

value

of

the

Level

investments

that

would

result

from

an

increase

in

the

corresponding

unobservable

input.

A

decrease

to

the

unobservable

input

would

have

the

opposite

effect.

Significant

changes

in

these

inputs

could

result

in

significantly

higher

or

lower

fair

value

measurements.

Real

Estate

Co-

Investment

Joint

Ventures

Balance

as

of

December

31,

2024

$

1,171,372

Purchases

136,295

Realized

gain

(loss)

–

Net

change

in

unrealized

appreciation/depreciation

32,694

Return

of

capital

distributions

(177,072)

Sales

–

Transfers

into

Level

–

Transfers

out

of

Level

–

Balance

as

of

September

30,

2025

$

1,163,289

Net

change

in

unrealized

appreciation/depreciation

for

the

nine

months

ended

September

30,

2025

related

to

Level

investments

held

at

September

30,

2025

$

32,694

Fundrise

Real

Estate

Interval

Fund,

LLC

Notes

to

Schedule

of

Investments

(UNAUDITED)(Continued)

September

30,

2025

the

loan

and

correspondingly

receive

back

its

collateral.

While

used

as

collateral,

the

assets

continue

to

pay

principal

and

interest

which

are

for

the

benefit

of

the

Fund.

Affiliated

Investments

The

Fund

invests

in

one

or

more

affiliated

entities.

As

of

September

30,

2025,

the

investments

in

affiliated

entities

consist

of

co-investments

in

joint

ventures

in

exchange

for

membership

interests.

As

of

September

30,

2025,

the

Fund

owns

95%

of

the

membership

interests

in

Fundrise

SFR

JV

2,

LLC,

90%

of

the

membership

interests

in

each

of

Fundrise

SFR

JV

1,

LLC,

Fundrise

MF

JV

1,

LLC,

and

Fundrise

Industrial

JV

2,

LLC,

60%

of

the

membership

interests

in

Fundrise

SFR

Dev

JV

1,

LLC,

and

20%

of

the

membership

interests

in

Fundrise

Industrial

JV

1,

LLC. Ownership

percentages

remained

constant

during

the

reporting

period.

The

affiliated

investment

securities

have

not

been

registered

under

the

Securities

Act

of

1933,

as

amended,

and

thus

are

subject

to

restrictions

on

resale.

During

the

nine

months

ended

September

30,

2025,

investments

in

affiliated

entities

were

as

follows

(amounts

in

thousands):

Non-Controlled

Affiliated

Investments

Real

Estate

Co-Investment

Joint

Ventures

Balance

as

of

December

31,

2024

Purchases

at

Cost

Proceeds

from

Sales

Net

Realized

Gain

(Loss)

and

Capital

Gain

Distributions

Return

of

Capital

Distributions

Change

in

Unrealized

Appreciation/

Depreciation

Balance

as

of

September

30,

2025

Total

Dividend

Income

Fundrise

SFR

JV

1,

LLC

$

569,716

$

27,270

$

–

$

–

$

(40,554)

$

7,966

$

564,398

$

–

Fundrise

MF

JV

1,

LLC

233,465

92,250

–

–

(91,232)

12,809

247,292

–

Fundrise

Industrial

JV

2,

LLC

223,722

6,853

–

–

(31,860)

7,196

205,911

–

Fundrise

SFR

JV

2,

LLC

112,421

8,740

–

–

(9,358)

5,078

116,881

–

Fundrise

SFR

Dev

JV

1,

LLC

27,112

780

–

–

(2,325)

25,598

–

Fundrise

Industrial

JV

1,

LLC

4,936

–

–

(1,743)

(386) 3,209

–

Total

$

1,171,372

$

136,295

$

–

$

–

$

(177,072)

$

32,694

$

1,163,289

$

–

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** FUNDRISE REAL ESTATE INTERVAL FUND, LLC

- **b. Investment Company Act file number:** 811-23448

- **c. CIK number of Registrant:** 0001777677

- **d. LEI of Registrant:** 254900MB692GESJQRW72

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 11 DUPONT CIRCLE NW

  - **City:** WASHINGTON

  - **State:** DC

  - **Foreign country:** US

  - **Zip / Postal Code:** 20036

  - **Telephone number:** 202-584-0550

**Item A.2. Information about the Series.**

- **a. Name of Series:** FUNDRISE REAL ESTATE INTERVAL FUND, LLC

- **c. LEI of Series:** 254900MB692GESJQRW72

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1241024166.34

**Total Liabilities:** $14695957.51

**Net Assets:** $1226328208.83

**Cash Not Reported:** $2340308.37

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.15%               | -0.07%               | 0.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $96437.60                                  |
| Month 2  | $0.00                    | $45132.80                                  |
| Month 3  | $0.00                    | $8376688.01                                |

### Schedule of Portfolio Investments

| Name                                                           | Title                                                          | Identifiers                             | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| QTS Data Centers - BX 2025-VLT7 D                              | QTS Data Centers - BX 2025-VLT7 D                              | CUSIP: 123913AG0<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |  14000000 | PA      | $14146952.40  | 1.15%             | 2027-07-15      | Floating      | 7.40%                 | No            |                  2 | On Loan: No      |
| JP Morgan U.S. Treasury Plus Money Market Fund, Capital Shares | JP Morgan U.S. Treasury Plus Money Market Fund, Capital Shares | CUSIP: 4812C2239<br>LEI: N/A            | Long             | STIV             | RF                | US        |  48643231 | NS      | $48643231.35  | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Fundrise Industrial JV 1, LLC                                  | Fundrise Industrial JV 1, LLC                                  | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | OU      | $3208591.98   | 0.26%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Fundrise Industrial JV 2, LLC                                  | Fundrise Industrial JV 2, LLC                                  | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | OU      | $205911258.33 | 16.79%            |  |  |  | Yes           |                  3 | On Loan: No      |
| Fundrise MF JV 1, LLC                                          | Fundrise MF JV 1, LLC                                          | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | OU      | $247292136.13 | 20.17%            |  |  |  | Yes           |                  3 | On Loan: No      |
| Reverse Repo Barclays Bank PLC                                 | Reverse Repo Barclays Bank PLC                                 | CUSIP: N/A<br>LEI: 2549003Q5J2G7ALNU316 | Short            | RA               | CORP              | US        | -11653950 | PA      | $-11653950.00 | -0.95%            |  |  |  | No            |                  2 | On Loan: No      |
| Fundrise SFR Dev JV 1, LLC                                     | Fundrise SFR Dev JV 1, LLC                                     | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | OU      | $25598531.72  | 2.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Fundrise SFR JV 1, LLC                                         | Fundrise SFR JV 1, LLC                                         | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | OU      | $564397585.93 | 46.02%            |  |  |  | Yes           |                  3 | On Loan: No      |
| Fundrise SFR JV 2, LLC                                         | Fundrise SFR JV 2, LLC                                         | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | OU      | $116881117.61 | 9.53%             |  |  |  | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-18

**Name of Applicant:** Fundrise Real Estate Interval Fund, LLC

**Signature:** /s/ Lauren Stuntebeck

**Name of Signer:** Lauren Stuntebeck

**Title:** Assistant Treasurer