CrowdfundedWealth
Corrections · 36 logged · 37 pages

What we got wrong, and where it is fixed.

Every error below was found after publication, most of them by going back to the filing, and was corrected on the page with a dated note that says what the page used to say and what the source says instead. The note stays on the page. This log is the index to those notes, newest first.

The policy

  • Corrected in place, and said so. A wrong figure is replaced with the one from the filing, and a dated note on the same page states the old claim and the corrected one.
  • The filing decides. A correction cites the primary document — the 10-K, 10-Q, 8-K, N-CSR, 1-K, Form D or tender filing — not another website. Where we cannot trace a figure or a quote to a source, it is removed and the note says so.
  • Adverse corrections too. Several corrections below made a vehicle look worse than our first version did, and two corrected our own statement that the site earned nothing on a page. Those are logged the same way.
  • Tell us. If a figure disagrees with the filing, write to jeylabbb@gmail.com with the page and the accession number. We check it against the filing and, if it is wrong, correct it and log it here.

Routine updates — a new quarter's numbers, a tender that closed — are not corrections and are not logged here; they show as the page's “Updated” date. How figures are sourced and dated: methodology for professionals.

  1. Said Fundrise averaged about 7% a year and that Arrived offers quarterly redemptions. Fundrise's Flagship fund reports 4.03% a year over five years to December 31, 2025; Arrived's individual-home shares are not redeemable, and only its pooled SFR Genesis Fund redeems quarterly.

    Source for the corrected figure: Fundrise Flagship prospectus (Form 486BPOS, April 30, 2026); Arrived offering circular (Form 1-A POS, May 20, 2026)

  2. Said Lightstone DIRECT required a $100,000 minimum and had two active offerings. Each of the three Lightstone Direct I LLC series states a $50,000 minimum, and the third filed on September 11, 2026.

    Source for the corrected figure: Form D for each series

  3. Said the fund's newly listed shares had "recovered some ground" from listing-day lows. Later disclosed purchases show the discount to net assets widened instead.

    Source for the corrected figure: Activist purchase disclosures; fund's June 30, 2026 net assets per share

  4. Said the sales commission on these offerings could not be quantified. It is disclosed in Item 15 of every Form D; the section now totals it across seventeen offerings.

    Source for the corrected figure: Form D, Item 15 (Sales Commissions)

  5. Described a credit facility as 75% of net assets. It is about 159% of net assets; the ~75% figure was the loan against the hotels' depreciated book value, a different ratio.

    Source for the corrected figure: Form 10-Q, June 30, 2026 balance sheet

  6. Gave the fund's launch yield as 8.1% and February 2026 as a record 8.6%, taken from the platform's blog. Rebuilt from all 26 dividend declarations: the launch was 8.28%, February was 8.52% and not a record.

    Source for the corrected figure: Form 1-U dividend declarations

  7. Title announced in the present tense a secondary auction whose order entry had already closed; the summary also misstated the number of pro-rated quarters, the expense ratio and management fee, and the minimum investment.

    Source for the corrected figure: Prospectus dated July 29, 2026

  8. Dated the board's above-limit repurchases to 2022 (they were April and Q2 2024), mislabeled the 2022 row of the returns table, and misstated the direction of the since-inception return and several fundraising and leverage figures.

    Source for the corrected figure: The REIT's own filings

  9. Misdated the adviser-fee 8-K and misdescribed who can hold Class E shares and who holds them.

    Source for the corrected figure: FY2025 Form 10-K; Schedule 13D/A of July 9, 2026

  10. Gave the trailing-twelve-month sales peak as $54.8 million in July 2022; the circulars show $55.3 million at January 26, 2023. Aligned the share count to the balance-sheet date and added the Series A liquidation preference the page had omitted.

    Source for the corrected figure: Offering circulars; Form 10-Q

  11. Described MogulREIT I as a senior commercial-debt fund; its 1-K lists joint-venture equity and preferred equity positions. Also misstated the manager's fees and the dates of several 1-U filings.

    Source for the corrected figure: Form 1-K; Forms 1-U

  12. Re-verified line by line. The page described a share repurchase program that does not exist, said zero distributions after the fund had paid one, and carried a fee estimate roughly seven times too high (first corrected lower on the page on August 29, fully on September 18).

    Source for the corrected figure: Forms N-CSR, N-CSRS and N-PORT; registration statement

  13. Said a tender replaced redemptions "at NAV"; the program has redeemed at 85% of NAV since 2023, the same price. Also mislabeled the REIT as a Regulation A vehicle and invented a quarterly cap.

    Source for the corrected figure: The company's own filings on its repurchase program and tender

  14. Two passages mixed a fee measured as a share of one class's gross return with its contribution to the gap between classes. The full table was re-verified against the nine source filings.

    Source for the corrected figure: Forms 8-K and 10-Q

  15. Misstated the weakest month's share of the average raise, said BREIT was gating in early 2026 when it met every repurchase request, undercounted BREIT's private closings, and cited wrong accession numbers for three filings.

    Source for the corrected figure: Forms 8-K (Item 3.02)

  16. Read a column of share counts as dollars: second-quarter repurchases were 191,698 shares, about $2.08 million, not $191,698.

    Source for the corrected figure: Form 10-Q, Item 5(c) repurchase table

  17. Said two reconvened shareholder meetings were ninety minutes apart; they were three hours apart.

    Source for the corrected figure: Adjournment Forms 8-K of June 24, 2026

  18. Placed KREST's 48% proration in 2026; it was March 2024. The quarters cited were not consecutive.

    Source for the corrected figure: Form N-CSR; tender offer results

  19. Understated how often redemptions were pro-rated, presented consolidated GAAP equity (including outside DST investors) as the trust's net assets, and misdated the NAV peak.

    Source for the corrected figure: Forms 10-Q and 10-K

  20. Misstated the portfolio mix, the time a full exit took, the organization date and the current expense ratio — and said CrowdfundedWealth earned nothing on a page that carried paid services.

    Source for the corrected figure: The fund's filings; prospectus of February 2026

  21. Used year-end figures as current and misstated several portfolio, return and repurchase figures — and said CrowdfundedWealth earned nothing on a page that carried a paid advisor-referral box.

    Source for the corrected figure: Forms 10-K and 10-Q

  22. Overstated a funding round, misstated two investor recoveries and a fund's net assets, and cited a third-party score we could not retrieve (removed).

    Source for the corrected figure: Settlement papers; fund financial statements

  23. Rounded the non-performing share incorrectly, misdated the claims hearing by a year, and carried figures and a quote we could not trace to a source (removed).

    Source for the corrected figure: Bankruptcy court filings

  24. Said the Hudson facility had been closed since roughly 2016; the 10-K says vacant since January 2020.

    Source for the corrected figure: FY2025 Form 10-K

  25. Attributed a 4.71% default rate to Groundfloor's Form 1-K. The figure appears in no 1-K or 1-SA; it came from third-party reviews. Replaced across the Groundfloor pages with the loan-book status the audited 1-K reports.

    Source for the corrected figure: Form 1-K for FY2025 and FY2024

  26. Reported 2026 unregistered sales of $233.3 million and a private channel "opened" in July. BREIT changed filing agents mid-year and our extraction read only the second set: the total is $450.7 million and the channel ran from 2025.

    Source for the corrected figure: Forms 8-K (Item 3.02), both filer-agent accession series

  27. Said in several places that CrowdStreet's C-REIT had no Nightingale exposure. Its audited annual report lists the position, carried at zero. The review's restitution figure was corrected the same day.

    Source for the corrected figure: Form N-CSR schedule of investments; court records

  28. Premium-to-NAV figures on this site kept using the March 31 NAV of $18.97 after the fund reported $21.70 at June 30.

    Source for the corrected figure: Fund's June 30, 2026 schedule of investments

  29. Described a shareholder vote on a fee increase backwards.

    Source for the corrected figure: Reported results of the February 19, 2026 special meeting

  30. Said Pocket balances were "completely wiped out"; the $7.0 million was the amount charged off, and Pocket holders received distributions.

    Source for the corrected figure: Chapter 11 plan and distribution reports

  31. Figures computed from the August 20 session's same-night volume were recomputed from the settled volume (for example, 25.65% of the fund traded in five sessions, not 25.5%).

    Source for the corrected figure: Settled exchange volume

  32. Listed trading fees of 0% to buy and 0.5% to sell; the platform's own pages state 2.5% and 3%, plus 2.5% per side on market orders.

    Source for the corrected figure: Platform fee pages, confirmed by the company

  33. Same-night volume ranges published for several sessions settled above the published range; the settled figures replaced them.

    Source for the corrected figure: Settled exchange volume

  34. Described VCX as off about 63% "from the June peak", measured from a level already far below the record. Measured from the record close, the drawdown was much larger.

    Source for the corrected figure: Exchange closing prices

  35. Cited a NAV of $18.43 per share that we could not substantiate; replaced with the audited $18.97.

    Source for the corrected figure: Form N-CSR for the period ended March 31, 2026

Dates are those printed in each page's correction note; where a note carries no date, the date it was published. The log lists corrections that carry a note on the page, which has been our practice since August 2026; some fixes made before then were not noted on the page and are not listed here.