Fundrise Development eREIT LLC

05/15/2026 | Press release | Distributed by Public on 05/15/2026 04:22

Exit Report under Regulation A (Form 1-Z)

Form 1-Z Issuer Information UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 1-Z
EXIT REPORT UNDER REGULATION A
OMB APPROVAL


FORM 1-Z

OMB Number: 3235-0723

Estimated average burden hours per response: 1.5

1-Z: Filer Information

Issuer CIK
0001768726
Issuer CCC
XXXXXXXX
File Number
Is this filing by a successor company pursuant to Rule 257(b)(5) resulting from a merger or other business combination? Yes No
Successor File Number
Is this a LIVE or TEST Filing? LIVE TEST
Is this an electronic copy of an official filing submitted in paper format?
Would you like a Return Copy?

Submission Contact Information

Name
Phone
E-Mail Address
Notify via Filing Website only?

1-Z: PRELIMINARY INFORMATION

Exact name of issuer as specified in the issuer's charter
Fundrise Development eREIT, LLC


Address of Principal Executive Offices
Address 1
11 Dupont Circle NW


Address 2
9th Fl


City
WASHINGTON


State/Country
DISTRICT OF COLUMBIA


Mailing Zip/ Postal Code
20036


Phone
202-584-0550


Commission File Number(s)
024-11873


1-Z: PART I Summary Information Regarding the Offering and Proceeds

Summary Information

Date of qualification of the offering statement
05-17-2022


Date of commencement of the offering
05-17-2022


Amount of securities qualified to be sold in the offering
19938613


Amount of securities sold in the offering
19228424


Price per security:
$ 10.7700


The portion of aggregate sales attributable to securities sold on behalf of the issuer
$ 19938613.00


The portion of aggregate sales attributable to securities sold on behalf of selling securityholders:
$ 0.00


Fees in connection with this offering and names of service providers.

Underwriters - Name of Service Provider Underwriters - Fees
$
Sales Commissions - Name of Service Provider Sales Commissions - Fee
$
Finders' Fees - Name of Service Provider Finders' Fees - Fees
$
Accounting or Audit - Name of Service Provider
RSM US LLP
Accounting or Audit - Fees
$ 7500.00
Legal - Name of Service Provider
Goodwin Procter LLP
Legal - Fees
$ 40000.00
Promoters - Name of Service Provider Promoters - Fees
$
Blue Sky Compliance - Name of Service Provider Blue Sky Compliance - Fees
$
CRD Number of any broker or dealer listed


Net proceeds to the issuer
$ 19228424.00


Clarification of responses (if necessary):
The price per security has adjusted throughout the offering.


1-Z: PART II Certification of Suspension of Duty to File Reports

Certification

Title of each class of securities covered by this Form
Common Shares


Commission File Number(s)
024-11873


Approximate number of holders of record as of the certification date
0


1-Z: Signature

Signature

Pursuant to the requirements of Regulation A,

Cik
0001768726


(Name of issuer as specified in charter)
Fundrise Development eREIT, LLC


certifies that it meets all of the conditions for termination of Regulation A reporting specified in Rule 257(d) and that there are no classes of securities other than those that are the subject to this Form 1-Z regarding which the issuer has Regulation A reporting obligations.

(Name of issuer as specified in charter)
Fundrise Development eREIT, LLC


Has caused this certification to be signed on its behalf by the undersigned duly authorized person.
By
/s/ Bjorn J. Hall, Fundrise Advisors, LLC, its manager


Date
05-15-2026


Title
General Counsel


Instructions: This Part II of Form 1-Z is required by Rule 257(d) of Regulation A. An officer of the issuer or any other duly authorized person may sign, and must do so by typed signature. The name and title of the person signing the form must be typed or printed under the signature. The signatory to the filing must also manually sign a signature page or other document authenticating, acknowledging or otherwise adopting his or her signature that appears in the filing. Such document must be executed before or at the time the filing is made and must be retained by the issuer for a period of five years. Upon request, the issuer must furnish to the Commission or its staff a copy of any or all documents retained pursuant to this instruction.
Fundrise Development eREIT LLC published this content on May 15, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 15, 2026 at 10:23 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]