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Cottonwood Completes Merger with Reg A+ REIT Affiliate

Cottonwood Communities Inc., a publicly registered non-traded real estate investment trust focused on multifamily real estate investments, merged with a Regulation A+ REIT affiliate.

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Cottonwood Communities Inc., a publicly registered non-traded real estate investment trust focused on multifamily real estate investments, merged with Cottonwood Multifamily Opportunity Fund Inc., a Regulation A+ REIT affiliate, and its operating partnership through a stock-for-stock and unit-for-unit transaction following the approval of CMOF stockholders.

The related entities had agreed to the merger earlier this year, as reported by The DI Wire.

As a result of the merger, each issued and outstanding share of CMOF common stock was converted into 0.8669 shares of Cottonwood Communities Class A common stock. As of Aug. 31, 2022, the NAV per share for Cottonwood Communities was approximately $20.70. Shares were originally priced at $10.00 each plus applicable selling commissions and fees.

Cottonwood Communities has raised gross proceeds of approximately $127.3 million from the sale of Series 2019 Preferred Stock in its private offering and approximately $226.5 million from the sale of common stock in its two public offerings, as of July 2022.

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