---
schema_version: "secwatch.filing_event.v1"
accession: "0001692951-25-000287"
form_type: "8-K"
ticker: null
cik: "0001692951"
company_name: "Cottonwood Communities, Inc."
filed_at: "2025-12-19T23:59:59+00:00"
generated_at: "2026-05-16T12:35:31.687752+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cottonwood Communities closes $500M merger with RealSource; portfolio GAV reaches $2.6B

## Summary
- Acquired 11-property, 3,565-unit RealSource portfolio for ~$500M in stock-for-stock merger closing Dec 18, 2025.
- Combined portfolio GAV $2.6B; 48 communities, 11,037 units in 13 states; new markets: OH, CO, KY.
- External advisor fee cut to 1.25% of NAV from 1.5%, effective at closing (16.7% reduction).
- Executives to invest $3M equally in CCI common stock/units and Series A convertible preferred by Jan 2, 2026.
- Post-closing exchange ratio adjustments for losses up to $30M; environmental claims covered until 2027.

## SEC filing metadata
- accession: 0001692951-25-000287
- form_type: 8-K
- cik: 0001692951
- company_name: Cottonwood Communities, Inc.
- filed_at: 2025-12-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692951/000169295125000287/0001692951-25-000287-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692951/000169295125000287/cci-20251218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692951-25-000287
- JSON: https://secwatch.observer/filing/0001692951-25-000287.json
- Plain text: https://secwatch.observer/filing/0001692951-25-000287.txt

## Source-grounded claims
- claim_id: 9bc8d312ddb9e7e2ab76de9859913c6a040b2428
  claim: Cottonwood Communities, Inc. completed an acquisition involving RealSource Properties, Inc. (closed 2025-12-18).
  evidence_excerpt: On December 18, 2025, upon the terms and subject to the conditions of the Merger Agreement, (i) RS merged with and into Merger Sub, with Merger Sub surviving as a direct, wholly owned subsidiary of CCI (the “Company Merger”) and (ii) RSOP merged with and into CROP, with CROP surviving (the “Partnership Merger” and, together with the Company Merger, the “Merger”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692951/000169295125000287/0001692951-25-000287-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.