September 20, 2023
Which nontraded REIT raised a majority of its capital via the issuance of preferred stock in Q2 2023?
The REIT raised $27.5 million...

Which nontraded REIT raised a majority of its capital via the issuance of preferred stock in Q2 2023?

Answer:

Cottonwood Communities raised $27.5 million of net proceeds from the sale of Series 2023 Preferred Stock.
It raised $7.3 million of net proceeds from the sale of common stock issued under its follow-on offering.

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