Cottonwood
Headquartered in Salt Lake City, Utah, Cottonwood is a fully integrated real estate company focused exclusively on the multifamily asset class. Cottonwood has significant experience in multifamily acquisitions, ownership, development and structured investments, and is led by a core executive management team with over 200 years of combined industry related experience and has spent an average of the past 14 years together working on the day to day strategy of the company.
Cottonwood invests primarily in major metropolitan markets throughout the U.S. and currently manages over 12,300 apartment units, representing approximately $3.5 billion in assets under management.
Performance
Since inception, Class I shares have provided an average annualized return of 13.47%, as of June 30, 2023, based upon the percent change in NAV per share from inception plus the amount of distributions per share.
Since December 31, 2021, the NAV per share for Class I shares has increased by 1.02% as of June 30, 2023. As of June 30, 2023, the annualized distribution yield for Class I shares was 4.18%.
Operational
Cottonwood Communities’ strategy is to invest 65% of its portfolio in income producing multifamily properties with stabilized rents and occupancy levels. About 35% of the portfolio will target growth opportunities in preferred equity investments, mortgage or mezzanine loans, and equity in property/land to be developed into a multifamily apartment community. The multifamily portfolio as of June 30, 2023, consisted of 39 multifamily properties that were 93% occupied, with a total gross asset value of $2.6 billion. The Company also owned six development properties totaling 1,554 units.
Capital Raise
The REIT raised $2,498,442 via equity sales in June 2023, down 8.8% from $2,738,214 raised in May 2023. In June 2022 the REIT raised $16,444,100.
Management Team
Daniel Shaeffer
Chief Executive Officer
Chad Christensen
Executive Chairman
Gregg Christensen
Chief Legal Officer
Glenn Rand
Chief Operating Officer
Enzio Cassinis
President
Adam Larson
Chief Financial Officer
Susan Hallenberg
Chief Accounting Officer
Paul Fredenberg
Chief Investment Officer
Stan Hanks
Executive Vice President
Eric Marlin
Executive Vice President, Capital Markets
Contact Information
Cottonwood Investor Services
1245 Brickyard Road
Suite 250
Salt Lake City, UT 84106
Phone Number
855-816-9112
Investor Services
844-422-2584
Managing Broker Dealer
Orchard Securities, LLC
(Member FINRA/SIPC)
Phone Number
801-316-4361
Sponsored Offerings
NONTRADED REITS
Cottonwood Communities, Inc.
Cottonwood Multifamily Opportunity Fund, Inc. (Offering Closed)
Cottonwood Multifamily REIT I, Inc. (Offering Closed)
Cottonwood Multifamily REIT II, Inc. (Offering Closed)
PRIVATE OFFERINGS
Information about Private Offerings is available in the Blue Vault Database (for financial professionals only).
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