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Which Emerging nontraded REIT had raised $58.7 million in its public offering as of August 9, 2019, owned one apartment complex in West Palm Beach, Florida, and recently filed a revision to its public offering to include both Class A and Class T shares?

August 28, 2019

Which Emerging nontraded REIT had raised $58.7 million in its public offering as of August 9, 2019, owned one apartment complex in West Palm Beach, Florida, and recently filed a revision to its public offering to include both Class A and Class T shares?

Answer: Cottonwood Communities, Inc. filed a Post-Effective Amendment on August 6, 2019, to offer both Class A and Class T shares.  The REIT’s advisor will pay both selling commissions and dealer manager fees in the offering related to both share classes.  Other than a different selling commission structure in the Company’s ongoing initial public offering, Class A shares and Class T shares have identical rights and privileges. 

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Loreen M. Gilbert, CIMA, AIF, CRC, CLTC – President, WealthWise Financial Services
Blue Vault
July 6, 2016

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