Cottonwood Communities, Inc.: management transactions · United States · SEC (Form 4)

About Cottonwood Communities, Inc.

Cottonwood Communities, Inc. is a U.S.-based real estate company focused on the multifamily residential segment. The company is incorporated in Maryland and is headquartered in Salt Lake City, Utah, at 1245 Brickyard Road, Suite 250. Its SEC filings classify it as a REIT, and the company’s website emphasizes that there is no public market for its shares, meaning its capital structure, liquidity profile and investor access differ from a traditional publicly traded REIT listed on the NYSE or NASDAQ, even though it remains a U.S. real estate investment platform. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1692951/000169295126000055/0001692951-26-000055-index.htm)) Cottonwood Communities’ core business is the acquisition, ownership, development and management of multifamily apartment communities across the United States. The portfolio is designed to generate recurring rental income while creating value through active asset management, development execution and NAV-based capital formation. As a multifamily REIT, it operates in a segment that is generally viewed as relatively defensive within real estate because demand for rental housing tends to be broad-based and recurring. At the same time, the business remains exposed to interest-rate volatility, financing conditions, operating costs and execution risk at the property level. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1692951/000169295125000106/cci-20241231.htm)) A key recent milestone was the completion of the acquisition of RealSource Properties, a private owner of an 11-property, 3,565-unit multifamily portfolio, in a stock-for-stock and unit-for-unit merger valued at approximately $500 million. Cottonwood said the deal increased the gross asset value of its portfolio to $2.6 billion and expanded the platform to 48 multifamily communities and 11,037 units across 13 states. The transaction also extended the company’s geographic footprint into Ohio, Colorado and Kentucky while strengthening its presence in Texas, North Carolina and Georgia. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1692951/000169295125000287/cottonwoodrealsourceacquis.htm)) From an investor perspective, Cottonwood Communities is best understood as a specialized multifamily platform rather than a broad-based property company. Its business lines center on apartment communities, with income generated through rents, property operations and capital appreciation. The company also uses preferred-stock and private placement channels to raise capital; SEC filings show it launched a best-efforts private placement in 2023 and continued issuing Series A Convertible Preferred Stock in 2025. This is relevant for investors because capital raising, dilution and distribution policy are central to the investment case. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1692951/000169295125000106/cci-20241231.htm)) The company’s recent public disclosures also point to active portfolio and capital management. Around the RealSource closing, Cottonwood stated that its executive officers intended to invest $3 million in the company and that its advisor reduced the asset management fee from 1.5% of NAV to 1.25% of NAV, suggesting a more shareholder-friendly fee structure after the enlarged platform transaction. Management framed the acquisition as a pivot to a more offensive growth posture heading into 2026. For French-speaking investors, the key takeaway is that Cottonwood Communities is a niche U.S. multifamily REIT-like platform with a growing operating footprint, a concentration in residential rental housing and a strategy built around NAV, portfolio scale and disciplined capital deployment. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1692951/000169295125000287/cottonwoodrealsourceacquis.htm))