Subsequent Events	3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In connection with the preparation of the accompanying condensed financial statements, we have evaluated events and transactions occurring through June 5, 2026 for potential recognition or disclosure. 2026 Merger Effective April 29, 2026, Fundrise Development eREIT, LLC, Fundrise Equity REIT, LLC, Fundrise East Coast Opportunistic REIT, LLC, Fundrise Growth eREIT II, LLC, Fundrise Growth eREIT III, LLC, Fundrise Midland Opportunistic REIT, LLC and Fundrise West Coast Opportunistic REIT, LLC (collectively the “Fundrise Merger Entities”) merged with and into the Company, with the Company as the surviving entity (the “2026 Merger”). In connection with the 2026 Merger, we issued to the shareholders of the Merger Entities common shares based on an agreed upon exchange ratio (“Exchange Ratio”). The Exchange Ratio was based on each Merger Entities’ net asset value per share that was effective as of the date of the 2026 Merger. For more information, see the prospectus filed on April 27, 2026 here. Subsequent Events In connection with the preparation of the accompanying condensed consolidated financial statements, we have evaluated events and transactions occurring through June 5, 2026 for potential recognition or disclosure. 2026 Merger Effective April 29, 2026, the Company completed the 2026 Merger with Fundrise eREIT. In connection with the 2026 Merger, Fundrise eREIT issued to the shareholders of the Company common shares of Fundrise eREIT based on an agreed upon Exchange Ratio. The Exchange Ratio was based on the Company’s NAV per share that was effective as of the date of the 2026 Merger, April 29, 2026. For more information about the 2026 Merger, please see the prospectus filed by Fundrise eREIT on April 27, 2026 found here. Liquidation Support Agreement As a result of the completion of the 2026 Merger, the Company was liquidated. As of the date of this filing, the Manager estimated that the liquidation payment, as described in Note 14, Commitments and Contingencies, will be approximately $300,000. Distributions On April 28, 2026, the Manager, on behalf of the Company, declared a distribution in order to satisfy REIT distribution requirements. The aggregate distribution amount is approximately $31.9 million and will be paid following the consummation of the 2026 Merger on a date to be determined by the Manager; however, such payment will be made no later than December 31, 2026. Investments in Real Estate Debt On May 5, 2026, the senior debt investment with a December 23, 2025 maturity date was extended to September 23, 2026. Upon execution of the extension, all accrued and unpaid interest was paid in full, and the related interest reserve was fully replenished.

In connection with the preparation of the accompanying condensed financial statements, we have evaluated events and transactions occurring through June 5, 2026 for potential recognition or disclosure.

Effective April 29, 2026, Fundrise Development eREIT, LLC, Fundrise Equity REIT, LLC, Fundrise East Coast Opportunistic REIT, LLC, Fundrise Growth eREIT II, LLC, Fundrise Growth eREIT III, LLC, Fundrise Midland Opportunistic REIT, LLC and Fundrise West Coast Opportunistic REIT, LLC (collectively the “Fundrise Merger Entities”) merged with and into the Company, with the Company as the surviving entity (the “2026 Merger”). In connection with the 2026 Merger, we issued to the shareholders of the Merger Entities common shares based on an agreed upon exchange ratio (“Exchange Ratio”). The Exchange Ratio was based on each Merger Entities’ net asset value per share that was effective as of the date of the 2026 Merger. For more information, see the prospectus filed on April 27, 2026 here.

In connection with the preparation of the accompanying condensed consolidated financial statements, we have evaluated events and transactions occurring through June 5, 2026 for potential recognition or disclosure.

Effective April 29, 2026, the Company completed the 2026 Merger with Fundrise eREIT. In connection with the 2026 Merger, Fundrise eREIT issued to the shareholders of the Company common shares of Fundrise eREIT based on an agreed upon Exchange Ratio. The Exchange Ratio was based on the Company’s NAV per share that was effective as of the date of the 2026 Merger, April 29, 2026. For more information about the 2026 Merger, please see the prospectus filed by Fundrise eREIT on April 27, 2026 found here.

As a result of the completion of the 2026 Merger, the Company was liquidated. As of the date of this filing, the Manager estimated that the liquidation payment, as described in Note 14, Commitments and Contingencies, will be approximately $300,000.

On April 28, 2026, the Manager, on behalf of the Company, declared a distribution in order to satisfy REIT distribution requirements. The aggregate distribution amount is approximately $31.9 million and will be paid following the consummation of the 2026 Merger on a date to be determined by the Manager; however, such payment will be made no later than December 31, 2026.

On May 5, 2026, the senior debt investment with a December 23, 2025 maturity date was extended to September 23, 2026. Upon execution of the extension, all accrued and unpaid interest was paid in full, and the related interest reserve was fully replenished.