Cottonwood Residential Financing
Cottonwood Residential, Inc., Corporation just had published form D for $250.00 million equity financing. The date of first sale was 2015-01-07. Cottonwood Residential was able to sell $95.17 million so far. That is 38.07% of the fundraising offer. The total offering amount was $250.00 million. The offering form was filed on 2016-10-17. The reason for the financing was: The Managing Broker Dealer may receive a fee equal to 1% of total sales, which it will re-allow, in whole or in part to certain wholesalers, some of which are internal to the Issuer.. The fundraising still has about $154.83 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Cottonwood Residential is based in Utah. The company’s business is Residential. The form was filed by Gregg Christensen Executive Vice President and General Counsel. The company was incorporated more than five years ago. The filler’s address is: 6340 South 3000 East, Suite 500, Salt Lake City, Ut, Utah, 84121. Daniel Shaeffer is the related person in the form and it has address: 6340 South 3000 East, Suite 500, Salt Lake City, Ut, Utah, 84121. Link to Cottonwood Residential Filing: 000154852816000003.
Analysis of Cottonwood Residential Offering
On average, companies in the Residential sector, sell 100.00% of the total offering size. Cottonwood Residential sold 38.07% of the offering. The financing is still open. The average offering amount for companies in the Residential industry is $178,000. The total amount raised is 53,366.34% bigger than the average for companies in the Residential sector. The minimum investment for this offering was set at $25000. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Cottonwood Residential Also
The Form D signed by Gregg Christensen might help Cottonwood Residential, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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