m_and_a
confidence high
sentiment neutral
materiality 0.75
Cottonwood Communities to acquire RealSource Properties in stock-for-stock merger; combined firm to own 48 communities
Cottonwood Communities, Inc.
- Deal value not explicitly stated; combined pro forma gross assets estimated at $2.8B.
- Exchange ratio: 0.8893 CCI shares per RS common share, subject to adjustments.
- Acquisition adds 11 properties (3,565 units) and third-party management contracts on 7 properties (1,353 units).
- Expected close in Q3/Q4 2025; requires RS stockholder and limited partner approvals.
- CCI plans to reduce annualized distribution from $0.73 to $0.68 per share and lower management fee to 1.25% of NAV.
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