The latest round marks the company’s largest reported Series 2025 raise of the year, even as outstanding shares show signs of redemption activity.

May 19, 2026

Cottonwood Communities, Inc. reported that it sold 257,866 shares of its Series 2025 Preferred Stock between late April and mid-May 2026, generating aggregate proceeds of approximately $2.54 million.

The Salt Lake City-based company disclosed the transactions in a regulatory report dated May 18, 2026, covering sales conducted from April 22 through May 17. The shares were issued at $10.00 per share, with discounts available to certain categories of purchasers, as part of the company’s ongoing best-efforts private placement.

Commissions, Fees, and Outstanding Shares

In connection with the sales, Cottonwood paid selling commissions of $117,060 and aggregate placement fees totaling $78,077. As of May 17, 2026, the company reported 11,314,733 shares of Series 2025 Preferred Stock outstanding.

Notably, the total outstanding share count rose only modestly from the figure reported earlier in the spring, despite the issuance of more than 257,000 new shares during the latest period. In a March 2026 disclosure, the company reported 10,757,769 shares outstanding after selling roughly 137,655 shares for $1.374 million in proceeds [[ ]]. The smaller-than-expected net increase suggests that redemption or repurchase activity may be offsetting some of the new issuances.

Offering Structure

The Series 2025 Private Offering launched on December 9, 2024, with a maximum fundraising target of $150 million. The offering is restricted to accredited investors and qualifies for an exemption from registration under Rule 506(b) of Regulation D, as it does not involve general solicitation.

Parallel Capital Raises

The latest round represents a notable acceleration in capital raised compared with prior reporting periods, and it comes alongside Cottonwood’s separate ongoing Series A Convertible Preferred Stock offering, which raised nearly $1.85 million in early April 2026. Together, the two offerings reflect the company’s multi-pronged approach to attracting accredited investor capital through private placements.

Cottonwood Communities is incorporated in Maryland and headquartered in Salt Lake City, Utah. Its preferred stock is not listed on any national securities exchange. Company president Enzio Cassinis authorized the latest disclosure.