# EDGAR Filing Document

**Accession Number:** 0001885551
**File Stem:** 0001104659-23-025782
**Filing Date:** 2023-2
**Character Count:** 22388
**Document Hash:** 905b4fa125bff5bb13e5ab6a3e5ac017
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-025782.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001104659-23-025782

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fundrise Income Real Estate Fund, LLC
- **CENTRAL INDEX KEY:** 0001885551
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23745
- **FILM NUMBER:** 23671738

**BUSINESS ADDRESS:**
- **STREET 1:** 11 DUPONT CIRCLE NW
- **STREET 2:** 9TH FLOOR
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036
- **BUSINESS PHONE:** 202-584-0550

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

## 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 Income Real Estate Fund, LLC

- **b. Investment Company Act file number:** 811-23745

- **c. CIK number of Registrant:** 0001885551

- **d. LEI of Registrant:** 54930027HHLRQVAULP49

- **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 Income Real Estate Fund, LLC

- **c. LEI of Series:** 54930027HHLRQVAULP49

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $550331866.80

**Total Liabilities:** $15457748.96

**Net Assets:** $534874117.84

**Cash Not Reported:** $2338593.84

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 0.63%                | 0.61%                | 0.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $696873.08                                 |
| Month 2  | $0.00                    | $254968.22                                 |
| Month 3  | $7932427.00              | $4838105.65                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Y Hotel Leveraged Lender LLC                  | Y Hotel Leveraged Lender LLC                  | CUSIP: N/A<br>LEI: N/A       | Long             | EP               | CORP              | US        |   2229172 | PA      | $2329999.90   | 0.44%             | 2019-11-13      | Fixed         | 15.50%                | Yes           |                  3 | On Loan: No      |
| 1550 South Fairfax, LLC                       | 1550 South Fairfax, LLC                       | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   3350000 | PA      | $3350000.00   | 0.63%             | 2022-04-15      | Fixed         | 11.00%                | Yes           |                  3 | On Loan: No      |
| 4927 Washington LLC                           | 4927 Washington LLC                           | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   3000000 | PA      | $3000000.00   | 0.56%             | 2022-04-19      | Fixed         | 12.90%                | Yes           |                  3 | On Loan: No      |
| NexMetro Oakridge Member LLC                  | NexMetro Oakridge Member LLC                  | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |  12611596 | PA      | $15556652.71  | 2.91%             | 2023-10-23      | Fixed         | 12.50%                | Yes           |                  3 | On Loan: No      |
| Vose-Van Nuys, LLC                            | Vose-Van Nuys, LLC                            | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |  12462500 | PA      | $12462500.00  | 2.33%             | 2023-01-15      | Fixed         | 10.25%                | Yes           |                  3 | On Loan: No      |
| WP Gainesville MF-FL Holdings, LLC            | WP Gainesville MF-FL Holdings, LLC            | CUSIP: N/A<br>LEI: N/A       | Long             | EP               | CORP              | US        |   6587334 | PA      | $6946299.01   | 1.30%             | 2025-09-21      | Fixed         | 11.00%                | Yes           |                  3 | On Loan: No      |
| NexMetro Lakeridge Member LLC                 | NexMetro Lakeridge Member LLC                 | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |  10755419 | PA      | $12777894.45  | 2.39%             | 2023-11-20      | Fixed         | 12.50%                | Yes           |                  3 | On Loan: No      |
| SFR Reflections I LLC                         | SFR Reflections I LLC                         | CUSIP: N/A<br>LEI: N/A       | Long             | EP               | CORP              | US        |  16700000 | PA      | $16753440.00  | 3.13%             | 2030-12-01      | Fixed         | 10.10%                | Yes           |                  3 | On Loan: No      |
| Encore Narcoossee LLC                         | Encore Narcoossee LLC                         | CUSIP: N/A<br>LEI: N/A       | Long             | EP               | CORP              | US        |      1000 | PA      | $996.04       | 0.00%             | 2025-12-29      | Fixed         | 9.85%                 | Yes           |                  3 | On Loan: No      |
| Income 1 TRS, LLC                             | Income 1 TRS, LLC                             | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |         1 | OU      | $46660863.79  | 8.72%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FR - Clinton Corner, LLC                      | FR - Clinton Corner, LLC                      | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   4295173 | PA      | $4299468.00   | 0.80%             | 2023-09-30      | Fixed         | 10.50%                | Yes           |                  3 | On Loan: No      |
| Breckenridge Group Springfield Missouri LLC   | Breckenridge Group Springfield Missouri LLC   | CUSIP: N/A<br>LEI: N/A       | Long             | EP               | CORP              | US        |   4500000 | PA      | $4505400.00   | 0.84%             | 2026-01-01      | Fixed         | 13.50%                | Yes           |                  3 | On Loan: No      |
| FR - Vaughn Farms, LLC                        | FR - Vaughn Farms, LLC                        | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   2124680 | PA      | $2126805.00   | 0.40%             | 2023-09-30      | Fixed         | 10.50%                | Yes           |                  3 | On Loan: No      |
| FR Arbor Place, LLC                           | FR Arbor Place, LLC                           | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   3587285 | PA      | $3570065.00   | 0.67%             | 2023-07-21      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| FR Beeson, LLC                                | FR Beeson, LLC                                | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |  28159793 | PA      | $28216112.00  | 5.28%             | 2023-08-31      | Fixed         | 8.50%                 | Yes           |                  3 | On Loan: No      |
| FR Meadow Park, LLC                           | FR Meadow Park, LLC                           | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   8462150 | PA      | $8457275.00   | 1.58%             | 2023-09-01      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| FR - Wilsons Walk, LLC                        | FR - Wilsons Walk, LLC                        | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |    193009 | PA      | $192703.00    | 0.04%             | 2023-10-04      | Fixed         | 9.00%                 | Yes           |                  3 | On Loan: No      |
| FR Washington Street, LLC                     | FR Washington Street, LLC                     | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   4065977 | PA      | $4037819.00   | 0.75%             | 2023-11-15      | Fixed         | 9.00%                 | Yes           |                  3 | On Loan: No      |
| FR Providence Gardens, LLC                    | FR Providence Gardens, LLC                    | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   7701615 | PA      | $7480310.00   | 1.40%             | 2024-02-24      | Fixed         | 8.50%                 | Yes           |                  3 | On Loan: No      |
| FR Berry Creek, LLC                           | FR Berry Creek, LLC                           | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   7732747 | PA      | $7639257.00   | 1.43%             | 2024-03-09      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| FR Castlewood, LLC                            | FR Castlewood, LLC                            | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   1294195 | PA      | $1273951.00   | 0.24%             | 2024-05-02      | Fixed         | 9.00%                 | Yes           |                  3 | On Loan: No      |
| FR Crescent Mills, LLC                        | FR Crescent Mills, LLC                        | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   4015264 | PA      | $3960126.00   | 0.74%             | 2024-05-02      | Fixed         | 9.00%                 | Yes           |                  3 | On Loan: No      |
| C V Fort Myers Investor, LLC                  | C V Fort Myers Investor, LLC                  | CUSIP: N/A<br>LEI: N/A       | Long             | EP               | CORP              | US        |   6820000 | PA      | $8476893.95   | 1.58%             | 2023-07-08      | Fixed         | 10.50%                | Yes           |                  3 | On Loan: No      |
| FR Holmes, LLC                                | FR Holmes, LLC                                | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   4053638 | PA      | $3999664.00   | 0.75%             | 2024-05-27      | Fixed         | 8.00%                 | Yes           |                  3 | On Loan: No      |
| FR Tom Miller, LLC                            | FR Tom Miller, LLC                            | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |    901750 | PA      | $885827.00    | 0.17%             | 2024-06-15      | Fixed         | 9.00%                 | Yes           |                  3 | On Loan: No      |
| FR Eastwood, LLC                              | FR Eastwood, LLC                              | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |  16056103 | PA      | $15943435.60  | 2.98%             | 2023-11-17      | Fixed         | 9.00%                 | Yes           |                  3 | On Loan: No      |
| FR Berry Hills, LLC                           | FR Berry Hills, LLC                           | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   8134600 | PA      | $8056353.00   | 1.51%             | 2024-07-29      | Fixed         | 8.50%                 | Yes           |                  3 | On Loan: No      |
| FR Legacy Hills, LLC                          | FR Legacy Hills, LLC                          | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   3682344 | PA      | $3628331.00   | 0.68%             | 2024-07-29      | Fixed         | 8.50%                 | Yes           |                  3 | On Loan: No      |
| FR Trailside, LLC                             | FR Trailside, LLC                             | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   4268198 | PA      | $4127714.00   | 0.77%             | 2024-08-22      | Fixed         | 8.50%                 | Yes           |                  3 | On Loan: No      |
| FR Wong Tract, LLC                            | FR Wong Tract, LLC                            | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   9442305 | PA      | $9373289.00   | 1.75%             | 2024-08-31      | Fixed         | 8.50%                 | Yes           |                  3 | On Loan: No      |
| FR Swope LB, LLC                              | FR Swope LB, LLC                              | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |  17161792 | PA      | $16751148.00  | 3.13%             | 2024-08-31      | Fixed         | 8.00%                 | Yes           |                  3 | On Loan: No      |
| FR Swope LH, LLC                              | FR Swope LH, LLC                              | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |  12920642 | PA      | $12820258.00  | 2.40%             | 2024-08-31      | Fixed         | 8.50%                 | Yes           |                  3 | On Loan: No      |
| FR Willow Landing, LLC                        | FR Willow Landing, LLC                        | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   5626000 | PA      | $5633154.00   | 1.05%             | 2024-09-13      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| The Station East Owner, LLC                   | The Station East Owner, LLC                   | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |  28000000 | PA      | $28000000.00  | 5.23%             | 2023-06-30      | Fixed         | 10.75%                | Yes           |                  3 | On Loan: No      |
| FR Cade's Bluff, LLC                          | FR Cade's Bluff, LLC                          | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |   5724022 | PA      | $5734191.00   | 1.07%             | 2024-09-23      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| Fundrise Insight Two LLC                      | Fundrise Insight Two LLC                      | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |         1 | OU      | $1144.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| 23Hundred JV LP                               | 23Hundred JV LP                               | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |         1 | OU      | $6942898.00   | 1.30%             |  |  |  | Yes           |                  3 | On Loan: No      |
| The View JV LP                                | The View JV LP                                | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |         1 | OU      | $6046872.00   | 1.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Luxe JV LP                                    | Luxe JV LP                                    | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |         1 | OU      | $7480343.00   | 1.40%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Liberty Hills JV LP                           | Liberty Hills JV LP                           | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |         1 | OU      | $6805829.00   | 1.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Presley JV LP                                 | Presley JV LP                                 | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |         1 | OU      | $4785051.00   | 0.89%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FR MP Brandon Glen JV LLC                     | FR MP Brandon Glen JV LLC                     | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |         1 | OU      | $9867813.00   | 1.84%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Essex Portfolio LP                            | Essex Portfolio LP                            | CUSIP: 29717PAE7<br>LEI: N/A | Long             |  | CORP              | US        |     42030 | PA      | $41723.55     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2022-SFR2 | New Residential Mortgage Loan Trust 2022-SFR2 | CUSIP: 64830RAN2<br>LEI: N/A | Long             | ABS-MBS          |  | US        |  22000000 | PA      | $17653460.00  | 3.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Fort Myers Reef Holdings, LLC                 | Fort Myers Reef Holdings, LLC                 | CUSIP: N/A<br>LEI: N/A       | Long             | EP               | CORP              | US        |   6835000 | PA      | $8513186.59   | 1.59%             | 2028-09-01      | Fixed         | 10.90%                | Yes           |                  3 | On Loan: No      |
| Progress Residential 2022-SFR7 Trust          | Progress Residential 2022-SFR7 Trust          | CUSIP: 74333CAJ5<br>LEI: N/A | Long             | ABS-MBS          |  | US        |  14745000 | PA      | $13833730.00  | 2.59%             | 2023-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Bridge 2022-SFR1 Trust                        | Bridge 2022-SFR1 Trust                        | CUSIP: 10805VAJ6<br>LEI: N/A | Long             | ABS-MBS          |  | US        |  14067000 | PA      | $12561830.99  | 2.35%             | 2027-09-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allspring Government Money Market Fund        | Allspring Government Money Market Fund        | CUSIP: 949921126<br>LEI: N/A | Long             | STIV             | RF                | US        |  74093586 | NS      | $74093585.80  | 13.85%            | 2027-10-01      | Fixed         | 6.75%                 | No            |                  1 | On Loan: No      |
| Northern Institutional Government Select      | Northern Institutional Government Select      | CUSIP: 665278701<br>LEI: N/A | Long             | STIV             | RF                | US        |    436671 | NS      | $436671.36    | 0.08%             | 2025-11-17      | Fixed         | 6.30%                 | No            |                  1 | On Loan: No      |
| The Station East Owner II, LLC                | The Station East Owner II, LLC                | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |  19255000 | PA      | $19255452.00  | 3.60%             | 2023-11-20      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| NexMetro Grand Member LLC                     | NexMetro Grand Member LLC                     | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |  16423043 | PA      | $17700381.10  | 3.31%             | 2024-01-20      | Fixed         | 10.55%                | Yes           |                  3 | On Loan: No      |
| WP Walcott Hackensack Sub LLC                 | WP Walcott Hackensack Sub LLC                 | CUSIP: N/A<br>LEI: N/A       | Long             | EP               | CORP              | US        |   3750000 | PA      | $4394755.84   | 0.82%             | 2024-01-29      | Fixed         | 11.00%                | Yes           |                  3 | On Loan: No      |
| The Station East Owner III, LLC               | The Station East Owner III, LLC               | CUSIP: N/A<br>LEI: N/A       | Long             |  | CORP              | US        |  16000000 | PA      | $16000000.00  | 2.99%             | 2023-06-15      | Fixed         | 10.50%                | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-27

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

**Signature:** Michelle A. Mirabal

**Name of Signer:** Michelle A. Mirabal

**Title:** Secretary