Real Estate Crowdfunding Statistics 2026: The Numbers From the Actual Filings

About these numbers

Every statistic here traces to a primary document — an SEC Form 1-K, 1-U, 8-K, 144 or N-CSR, or a platform's own disclosure — and carries the date we verified it. Where our own earlier figures were wrong, the corrections are disclosed on the source pages. If you are writing about this industry, you are welcome to cite this page; for anything load-bearing, cite the filing we link.

Liquidity and redemption statistics

• 5+ vehicles with suspended, restricted or terminated redemptions as of August 2026: Starwood SREIT (all but death/disability and sub-$5,000 accounts, April 2026), RealtyMogul Income REIT and Apartment Growth REIT (both April 21, 2026, per Form 1-U), Fundrise legacy Equity REIT (October 1, 2025), HappyNest (terminated January 29, 2026). Live list: Redemption Suspension Tracker.
• 5% per year — the de facto industry-standard redemption capacity (1.25% quarterly) in non-traded REIT share repurchase programs, where a program exists at all.
• 0.33% of NAV monthly — where Starwood SREIT's repurchase cap stood after its May 2024 cut (from 2%), before the April 2026 move to refusing general repurchases entirely. Roughly $850M of withdrawal requests were outstanding as of June 2026.
• $2,000 — total unit redemptions in FY2025 at Cardone REIT I, against $31.7M of members' equity, in a fund with a stated 7-10 year hold and no redemption program (Form 1-K, CIK 1882616).

What investors recovered when platforms failed

• 3.8% — share of gross property-sale proceeds that reached investors across the 12 Landa series sales disclosed for March-June 2026: $51,553.62 of $1,366,494.88; liabilities and expenses absorbed the rest (Form 1-U, June 15 2026).
• 9 of 12 — Landa series whose sale returned exactly $0 to investors, with sale price equalling liabilities to the cent.
• 7% to 207% — full range of total investor recovery (lifetime rent distributions plus sale proceeds, against offering price) across those 12 series. Three of twelve exceeded 100%; the variable was accumulated rent, not the sale. Full table: What Landa Investors Actually Got Back.
• $0 — proceeds to the series in the June 2, 2026 foreclosure of a Landa App 3 property, where no third-party bid exceeded the secured debt and the lender took title.

NAV premiums, collapses and insider records (VCX)

• ~1,900% is Fundrise Innovation Fund's (NYSE: VCX) peak premium to its $18.97 NAV in March 2026 ($380.97 intraday; $575 52-week high).
• ~120% (2.20x) is the premium at the August 21, 2026 close of $41.70-$42.11, the sixth session unlocked shares could trade, and it is the widest reading of the whole event. It was 107.8% (2.08x) at the August 20 close of $39.42, 117.4% (2.17x) at the August 18 close of $41.25; it was 116% (2.16x) on August 17, 81% (1.81x) at the August 14 close and 68% at the August 12 close, before the unlock. The premium WIDENED through the event that was supposed to compress it, and has given back only part of that since.
• -89.0% is VCX's decline from its record close of $380.00 (March 25, 2026) to the August 21, 2026 close of $41.70-$42.11. Measured instead from the June 30 close of $86.43 the fall is 63%, but that starting point is already 77% below the record; see the complete session-by-session record and VCX after the unlock.
• $56,493,338 is the gross proceeds of the 889,081 VCX shares sold by a Fundrise-affiliated entity on every one of the 48 sessions between June 2 and August 11, 2026, at an average $63.54 per share, disclosed under Rule 144 while retail restricted holders remained locked up. A further 353,788 shares were noticed August 3. Day-by-day record: VCX Form 144 record.
• 35,797,138 is the VCX common shares outstanding per the fund's own N-CSR balance sheet (March 31, 2026). Quote aggregators widely carry ~28.35M; the filed figure is ~21% larger.

Fund financials from the audited annual reports

• -39.9% in two years — Cardone REIT I members' equity, $52.77M (end-2023) to $31.71M (end-2025), per its audited Form 1-K; distributions continued throughout, reaching $8.52M cumulative against a $33.9M accumulated deficit.
• $87,920 vs $47,514,872 — DiversyFund Growth REIT's cash against its notes payable as it formally entered its winding-up period; interest payable rose 107x year-over-year (FY2025 Form 1-K, CIK 1750695).
• $4.12 — book value per $10.00 share at DiversyFund Growth REIT II, which has never declared a distribution (FY2025 Form 1-K, CIK 1824154).
• $64.8M — Groundfloor's accumulated deficit at FY2025, its going-concern qualification repeated for a second consecutive year, while revenue grew 72.6%.
• 2 years running — going-concern qualifications at both Groundfloor (FY2024, FY2025) and Streitwise (FY2024), in funds that continue operating and raising.

Structural statistics

• $5,000 — Cardone Capital's non-accredited minimum; $10 Fundrise; $100 Arrived; $1 Concreit. The minimum tells you nothing about the exit: the $10 fund runs tested quarterly tenders while the $5,000 fund has no redemption program at all.
• 1.85% — VCX's management fee, after a proposed increase to 2.50% failed a February 2026 shareholder vote (62%, short of the required two-thirds). Multiple 2026 articles still describe the increase as approved.
• 6 months — the standard post-listing lockup for pre-listing holders in the direct-listing playbook (VCX: accelerated by one month via 8-K).
• ~220,000 shares/day — VCX's median trading volume over the 20 sessions to August 12, 2026, against ~100,000 restricted holders unlocking at once. The widely quoted ~150,000 figure describes the quiet July 1-24 lull (median 120,297), not the current market. Unlock day, August 14, traded 3,820,606 to 3,863,203 shares: roughly 17x that median, 2.7x the fund's previous record session, and 10.8% of all shares outstanding (breakdown).

Citation policy

Cite freely with attribution to CrowdfundedWealth, or better, to the filings linked above. The machine-readable status registry behind the liquidity numbers is at /data/registry.json. If a number here conflicts with a primary source, the primary source wins — tell us and we will correct it publicly, as we have done with our own errors before.

Internal links: Redemption Suspension Tracker · Real Estate Crowdfunding Liquidity 2026 · What Landa Investors Actually Got Back · VCX Form 144 Record · DiversyFund in 2026 · Cardone Capital Alternatives

Last updated August 11, 2026. Statistics change when filings do; the linked source pages carry per-claim verification dates and disclosed corrections. This is data, not investment advice.