I did a quick and dirty search for Fundrise and found this in a review:
"Here is another complicated one because there are a few variables at play here.
First, Fundrise will only redeem a certain amount of shares per quarter. Once they have redeemed those shares, you will get in line for the following quarter, and so on. Additionally, when you redeem the shares, you will incur a penalty of between 3 and 5% of the share price. Thirdly, Fundrise gets to calculate the value of the shares and it's essentially impossible for us to determine that value on our own.
Less than 6 months - No Redemption Allowed
6 Months to 2 Years - 95%
2 to 3 Years - 96%
3+ Years - 97%
The biggest unknown appears to be the unknown value that Fundrise will place on each share. Upon purchase, each share is worth $10, but that can easily go up or down based upon their valuation. On top of that, you can only get a portion of your money back when you redeem."
This sounds very much like investing in a non-publicly traded REIT. They best serve the managers not the investor. Easy to put money in and difficult to get it out.
I wouldn't use Fundrise myself.
I invest in REIT ETF's and a few PUBLICLY TRADED REIT's. They trade just like any other stock, very liquid. It's also easy to buy "yield trap" REIT's.
My personal list of small position own or watching REIT by ticker symbol:
REIT's: O, WPC, APLE, BPR, IRM, STOR, SRC
ETF: FREL, VNQI.