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Which nontraded REIT raised $17.4 million in net proceeds from preferred stock issuances in the nine months ended September 30, 2020?

December 16, 2020

Which nontraded REIT raised $17.4 million in net proceeds from preferred stock issuances in the nine months ended September 30, 2020?

Answer: Cottonwood Communities, Inc. raised approximately $17.4 million from preferred stock issuances during the first nine months of 2020, as well as $26.5 million from common stock issuances during the same period. 

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Gregory De Jong, CFP, Co-Founder of Paragon Advisors, LLC.
July 7, 2015

Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.