Cottonwood Communities Updates Investors on Preferred Stock Offerings
Cottonwood Communities reports progress on preferred stock offerings, highlighting recent sales activity.
February 18, 2025
Cottonwood Communities, Inc. is actively raising capital through two ongoing private placements of preferred stock, delivering new opportunities for investors while expanding its funding base. The latest update shows steady progress across its Series A Convertible and Series 2025 Preferred Stock offerings.
Series A Convertible Preferred Stock Offering
In the Series A Convertible Preferred Stock offering, which launched in September 2023, Cottonwood raised $1,075,000 from February 6 to February 12, 2025, selling 114,779 shares at $10.00 per share. The company reported 6,596,085 shares of this preferred stock outstanding as of February 12. Selling commissions and placement fees totaled $48,863 for these transactions.
Series 2025 Preferred Stock Offering
Cottonwood’s Series 2025 Preferred Stock offering, introduced in December 2024, is also gaining traction. The company sold 12,979 shares during the same period, generating $122,003 in proceeds without paying selling commissions. Placement fees were recorded at $3,965.
Additionally, 5,000 shares were issued through an exchange program, offering Series 2025 Preferred Stock in place of older Series 2019 and Series 2023 Preferred Stock. Cottonwood incurred $4,475 in combined commissions and fees for these exchanges, bringing the total number of Series 2025 shares outstanding to 153,479.
These offerings are targeted exclusively at accredited investors and conducted under Regulation D exemptions, allowing Cottonwood to focus on raising capital without the complexities of public registration. For investors, this means direct access to preferred stock opportunities while Cottonwood continues expanding its real estate investment strategy.
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