Cottonwood Communities via SQX Alts
Cottonwood Communities, Inc. (CCI) is set to take a major step forward in its multifamily real estate strategy. On June 25, the company signed a merger agreement with RealSource Properties, Inc., in a stock-for-stock and unit-for-unit transaction. If all conditions are met, CCI will add 11 multifamily properties—3,565 units—to its portfolio, along with management contracts for seven third-party properties totaling another 1,353 units. The combined entity will span 48 communities and more than 11,000 units across 13 states.
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