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 100 years of combined industry related experience and has spent an average of the past 10 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 14,000 apartment units across 13 states, representing approximately $2 billion in assets under management.

Performance

Common shareholders received distributions of $0.50 per share in 2020.  This is an effective annual rate of 5.0% on the $10.00 purchase price. The Board declared cash distributions for March, April and May 2021 at the same rate.

Holders of the Series 2019 Preferred Stock are entitled to receive a preferred dividend equal to a 5.5% cumulative but not compounded annual return on the purchase price per share of $10.00.

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 portfolio currently consists of two multifamily properties with a total of 507 units, three preferred equity investments and one B-Note investment.

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Capital Raise

During the period from March 9, 2021 through April 11, 2021, the Company issued and sold 653,558 shares of its Series 2019 Preferred Stock in the Private Offering and received aggregate proceeds of $6,525,500. As of December 31, 2020, the Company had raised gross proceeds of $32,932,909 from the sale of Series 2019 Preferred Stock in the Private Offering and $121,996,723 from the sale of common stock in the primary offering.

Management Team

Enzio Cassinis

Chief Executive Officer & President

Adam Larson

Chief Financial Officer

Paul Fredenberg

Chief Investment Officer

Gregg Christensen

Chief Legal Officer

Susan Hallenberg

Chief Accounting Officer & Treasurer

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).

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

 

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