<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by Broadridge Transform (tm) - http://www.broadridge.com -->
<!-- Created: Wed Apr 29 19:40:27 UTC 2026 -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <loc xlink:type="locator" xlink:label="ck0001885551_CommercialAndResidentialRealEstateIndustryRiskMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_CommercialAndResidentialRealEstateIndustryRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_CommercialAndResidentialRealEstateIndustryRiskMember_lbl" xml:lang="en-US">Commercial and Residential Real Estate Industry Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_CommercialAndResidentialRealEstateIndustryRiskMember" xlink:to="ck0001885551_CommercialAndResidentialRealEstateIndustryRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_RisksRelatedToPropertyAcquisitionAndDevelopmentMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_RisksRelatedToPropertyAcquisitionAndDevelopmentMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_RisksRelatedToPropertyAcquisitionAndDevelopmentMember_lbl" xml:lang="en-US">Risks Related to Property Acquisition and Development [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_RisksRelatedToPropertyAcquisitionAndDevelopmentMember" xlink:to="ck0001885551_RisksRelatedToPropertyAcquisitionAndDevelopmentMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_RisksRelatedToSpecificRealEstatePropertyTypesMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_RisksRelatedToSpecificRealEstatePropertyTypesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_RisksRelatedToSpecificRealEstatePropertyTypesMember_lbl" xml:lang="en-US">Risks Related to Specific Real Estate Property Types [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_RisksRelatedToSpecificRealEstatePropertyTypesMember" xlink:to="ck0001885551_RisksRelatedToSpecificRealEstatePropertyTypesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_RisksOfInvestingThroughRealEstateInvestmentVehiclesMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_RisksOfInvestingThroughRealEstateInvestmentVehiclesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_RisksOfInvestingThroughRealEstateInvestmentVehiclesMember_lbl" xml:lang="en-US">Risks of Investing Through Real Estate Investment Vehicles [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_RisksOfInvestingThroughRealEstateInvestmentVehiclesMember" xlink:to="ck0001885551_RisksOfInvestingThroughRealEstateInvestmentVehiclesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_PropertyManagerRiskMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_PropertyManagerRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_PropertyManagerRiskMember_lbl" xml:lang="en-US">Property Manager Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_PropertyManagerRiskMember" xlink:to="ck0001885551_PropertyManagerRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_RisksOfInvestingInPrivateRealEstateFundsMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_RisksOfInvestingInPrivateRealEstateFundsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_RisksOfInvestingInPrivateRealEstateFundsMember_lbl" xml:lang="en-US">Risks of Investing in Private Real Estate Funds [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_RisksOfInvestingInPrivateRealEstateFundsMember" xlink:to="ck0001885551_RisksOfInvestingInPrivateRealEstateFundsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_RisksRelatedToTheFundsResidentialAndCommercialRealEstateLoansMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_RisksRelatedToTheFundsResidentialAndCommercialRealEstateLoansMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_RisksRelatedToTheFundsResidentialAndCommercialRealEstateLoansMember_lbl" xml:lang="en-US">Risks Related to the Fund&#8217;s Residential and Commercial Real Estate Loans [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_RisksRelatedToTheFundsResidentialAndCommercialRealEstateLoansMember" xlink:to="ck0001885551_RisksRelatedToTheFundsResidentialAndCommercialRealEstateLoansMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_RisksRelatedToPubliclyTradedRealEstateSecuritiesMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_RisksRelatedToPubliclyTradedRealEstateSecuritiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_RisksRelatedToPubliclyTradedRealEstateSecuritiesMember_lbl" xml:lang="en-US">Risks Related to Publicly Traded Real Estate Securities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_RisksRelatedToPubliclyTradedRealEstateSecuritiesMember" xlink:to="ck0001885551_RisksRelatedToPubliclyTradedRealEstateSecuritiesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_NonListedClosedEndIntervalFundLiquidityRiskMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_NonListedClosedEndIntervalFundLiquidityRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_NonListedClosedEndIntervalFundLiquidityRiskMember_lbl" xml:lang="en-US">Non-Listed Closed-End Interval Fund; Liquidity Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_NonListedClosedEndIntervalFundLiquidityRiskMember" xlink:to="ck0001885551_NonListedClosedEndIntervalFundLiquidityRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_RepurchaseOffersRiskMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_RepurchaseOffersRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_RepurchaseOffersRiskMember_lbl" xml:lang="en-US">Repurchase Offers Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_RepurchaseOffersRiskMember" xlink:to="ck0001885551_RepurchaseOffersRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_NonDiversificationRiskMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_NonDiversificationRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_NonDiversificationRiskMember_lbl" xml:lang="en-US">Non-Diversification Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_NonDiversificationRiskMember" xlink:to="ck0001885551_NonDiversificationRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_InvestmentAndMarketRiskMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_InvestmentAndMarketRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_InvestmentAndMarketRiskMember_lbl" xml:lang="en-US">Investment and Market Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_InvestmentAndMarketRiskMember" xlink:to="ck0001885551_InvestmentAndMarketRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_DelayInTheUseOfProceedsRiskMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_DelayInTheUseOfProceedsRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_DelayInTheUseOfProceedsRiskMember_lbl" xml:lang="en-US">Delay in the Use of Proceeds Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_DelayInTheUseOfProceedsRiskMember" xlink:to="ck0001885551_DelayInTheUseOfProceedsRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_DistributionsRiskMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_DistributionsRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_DistributionsRiskMember_lbl" xml:lang="en-US">Distributions Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_DistributionsRiskMember" xlink:to="ck0001885551_DistributionsRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_IlliquidInvestmentRiskMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_IlliquidInvestmentRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_IlliquidInvestmentRiskMember_lbl" xml:lang="en-US">Illiquid Investment Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_IlliquidInvestmentRiskMember" xlink:to="ck0001885551_IlliquidInvestmentRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_ValuationRiskMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_ValuationRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_ValuationRiskMember_lbl" xml:lang="en-US">Valuation Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_ValuationRiskMember" xlink:to="ck0001885551_ValuationRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_ManagementRiskMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_ManagementRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_ManagementRiskMember_lbl" xml:lang="en-US">Management Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_ManagementRiskMember" xlink:to="ck0001885551_ManagementRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_CompetitionRiskMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_CompetitionRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_CompetitionRiskMember_lbl" xml:lang="en-US">Competition Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_CompetitionRiskMember" xlink:to="ck0001885551_CompetitionRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_BelowInvestmentGradeHighYieldOrJunkSecuritiesRiskMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_BelowInvestmentGradeHighYieldOrJunkSecuritiesRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_BelowInvestmentGradeHighYieldOrJunkSecuritiesRiskMember_lbl" xml:lang="en-US">Below Investment Grade (High Yield or Junk) Securities Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_BelowInvestmentGradeHighYieldOrJunkSecuritiesRiskMember" xlink:to="ck0001885551_BelowInvestmentGradeHighYieldOrJunkSecuritiesRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_RisksRelatedToTheFundsFinancingStrategyMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_RisksRelatedToTheFundsFinancingStrategyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_RisksRelatedToTheFundsFinancingStrategyMember_lbl" xml:lang="en-US">Risks Related to the Fund&#8217;s Financing Strategy [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_RisksRelatedToTheFundsFinancingStrategyMember" xlink:to="ck0001885551_RisksRelatedToTheFundsFinancingStrategyMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_DerivativesRiskMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_DerivativesRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_DerivativesRiskMember_lbl" xml:lang="en-US">Derivatives Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_DerivativesRiskMember" xlink:to="ck0001885551_DerivativesRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_RisksRelatedToTheFundsTaxStatusAsAREITMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_RisksRelatedToTheFundsTaxStatusAsAREITMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_RisksRelatedToTheFundsTaxStatusAsAREITMember_lbl" xml:lang="en-US">Risks Related to the Fund&#8217;s Tax Status as a REIT [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_RisksRelatedToTheFundsTaxStatusAsAREITMember" xlink:to="ck0001885551_RisksRelatedToTheFundsTaxStatusAsAREITMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_RisksRelatedToTheAdviserAndItsAffiliatesAndTheFundrisePlatformMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_RisksRelatedToTheAdviserAndItsAffiliatesAndTheFundrisePlatformMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_RisksRelatedToTheAdviserAndItsAffiliatesAndTheFundrisePlatformMember_lbl" xml:lang="en-US">Risks Related to the Adviser and its Affiliates and the Fundrise Platform [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_RisksRelatedToTheAdviserAndItsAffiliatesAndTheFundrisePlatformMember" xlink:to="ck0001885551_RisksRelatedToTheAdviserAndItsAffiliatesAndTheFundrisePlatformMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_CommonSharesMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_CommonSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_CommonSharesMember_lbl" xml:lang="en-US">Common Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_CommonSharesMember" xlink:to="ck0001885551_CommonSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ck0001885551_PreferredSharesMember" xlink:href="ck0001885551-20260501.xsd#ck0001885551_PreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ck0001885551_PreferredSharesMember_lbl" xml:lang="en-US">Preferred Shares [Member]</label>
<!-- [WMV7][Kk4UjzxCfji7C7gfm8R6/FDepgAYIS4xbBDPFuqyWeTgJcMhI76KVgB2J80AjdeAHivh3Q9X3hJJYda22AgscSiDZO5HkDOhcHqr/KwcwMv2Ta5vyHeRlguQzUeaYEFGCaf+tLMwdZU4ogosjadSwr0fQPPLJv6pTACY4ByE3pQ8zDw9IfV9UquBLbbCqQc6MYlRsZrK/rzSU8PMLMT2Aghx45EWBsJ66sKUH6ztwe4GOuuJHwQhUkAazIxqye+Xhc35VRrjVi2/Ol82E4+LW3NEzB95PrbfNll9xsB+sGwuC6YKMOnYeqvHnhzcX1CKqKr82Ob+R6MqJDnLO+HjGMRGdLuvHrklISK1IhHGc5t1hylikgv9bXjQl9DYEKQJcA8T4QIWpQHpWORr] CSR-->
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ck0001885551_PreferredSharesMember" xlink:to="ck0001885551_PreferredSharesMember_lbl"/>
  </labelLink>
</linkbase>