Fundrise, a direct-to-investor real estate investment platform, is closing a $300 million credit facility with $150 million in credit committed with Goldman Sachs. The vehicle will finance the purchase of nearly half a billion dollars of newly constructed single-family rental units in high-growth markets across the Sunbelt.

Fundrise entered the SFR space last December when the firm won a purpose-built, 124-home SFR community built by DR Horton in Conroe, Texas. The Conroe deal is the first of many large-scale initiatives Fundrise plans in the near term to scale its operations across several key markets.

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