Securities offered through Orchard Securities, LLC, a member of FINRA and SiPC.

Photos above are for illustrative purposes only. The property pictured, while managed by an affiliate of Cottonwood Communities, Inc. (the “REIT”) is not owned by it. It is, however, representative of the type of asset the REIT intends to acquire.

Investing in our common stock involves a high degree of risk and uncertainties which should be carefully considered before making an investment. If any of the risks were to occur, our business, financial condition or results of operations could be materially and adversely affected. In these circumstances, the value of our common stock may decline, and you could lose some or all of your investment. Some of these risks include the following: no public market exists for our shares and our board of directors is not required to provide our shareholders with a liquidity event by a specified date, or at all; we set the offering price of our shares arbitrarily; we have no operating history; we have not identified any investments to acquire with the proceeds of this offering and are considered to be a “blind pool”; we depend on our advisor and its affiliates to select investments and to conduct our operations; we pay substantial fees to our advisor and its affiliates and such fees increase the risk that investors will not earn a profit on their investment; our officers and certain of our initial directors may be subject to conflicts of interest; we will use leverage to acquire multifamily apartment communities; there are restrictions on the ownership and transferability of our shares of common stock; our charter permits us to pay distributions from any source including offering proceeds or borrowings; and if we raise substantially less than the maximum offering amount, we may not be able to invest in a diverse portfolio of assets. Refer to the Prospectus for a complete set of risk factors.

This is neither an offer to sell nor a solicitation of an offer to buy the securities described in the Cottonwood Communities prospectus, as amended and supplemented (the “Prospectus”). The offering is made only by the Prospectus and this material must be preceded or accompanied by the Prospectus. Neither the Securities and Exchange Commission nor any other state securities regulator has approved or disapproved of the securities or determined if the Prospectus is truthful or complete. In addition, the Attorney General of the State of New York has not passed on or endorsed the merits of the offering. Any representation to the contrary is unlawful.