News | Cottonwood Management, LLC

Should Investors Strike While the Iron is Warm?

September 27, 2022

Distressed assets offer intriguing possibilities for investors, but the broader economic outlook remains muddled. The most accurate way to describe the state of the real estate market today is complicated. That might feel like a cop-out, but these are uncertain—and perhaps even unprecedented—times. With economic challenges upon us, assets (and entire markets) still fresh from the impact of a global pandemic are enduring new headwinds—and perhaps offering new opportunities. What does the distressed asset landscape look like today? How did we get here,...

Cottonwood Partners With Texsun Holdings on 2nd Acquisition

Yahoo! Finance

September 2, 2022

Cottonwood Group ("Cottonwood"), a private equity real estate investment firm, is pleased to announce that it has acquired a 480-unit multifamily portfolio (the "Portfolio") in Fort Worth, Texas with Dallas-based Texsun Holdings ("Texsun"). The Portfolio consists of the Woodstone Apartments, located at 6051 Bridge Street, and Bridge Hollow Apartments, located at 5801 Bridge Street. Cottonwood acquired the Portfolio through the Cottonwood Real Estate Founders Fund, a multi-strategy open-ended fund. The Portfolio is the second multifamily acquisition between Cottonwood and Texsun this year. The partnership acquired two multifamily...

Cottonwood Lends to 8850 Sunset

Yahoo! Finance

August 17, 2022

Cottonwood Group ("Cottonwood"), a private equity real estate investment firm, is pleased to announce it closed a $62 million loan for 8850 Sunset Boulevard, located in West Hollywood on the iconic Sunset Strip. Cottonwood Chief Investment Officer Mark Green made the announcement. 8850 Sunset's impressive West Hollywood location–positioned on a full city block, where the legendary Viper Room is located, at the intersection of WeHo and Beverly Hills—makes for optimal development and enhancement opportunities. Currently a retail strip center, the property...

Cottonwood Buys Texas Apartments

Los Angeles Business Journal

July 15, 2022

Downtown-based private equity real estate investment firm Cottonwood Group has acquired a 636-unit multifamily portfolio located in San Antonio, Texas, with Dallas-based Texsun Holdings. The properties consist of San Mateo Apartments, located at 3787 Perrin Central Blvd., and Heights on Perrin Apartments, located at 2555 NE Interstate 410 Loop. The portfolio benefits from a desirable location in San Antonio’s northeast submarket with proximity to some of the city’s major employers, including Amazon.com Inc., Rackspace and Southwest Airlines. The portfolio is also...

Cottonwood Group Expands Senior Leadership

May 9, 2022

Cottonwood Group (Cottonwood), a private equity real estate investment firm, announced today that Mark Green has joined the firm as Managing Director and Chief Investment Officer (CIO), and Jeffrey Horowitz has been promoted to Managing Director and Chief Operating Officer (COO). Cottonwood founder and CEO Alexander Shing made the announcement. “Cottonwood is expanding its leadership team at a time when the firm is executing on equity and debt opportunities and providing our investors with exceptional absolute returns within our open- ended...

The Next Real Estate Boom

Commercial Property Executive

March 31, 2022

Five trends that are shaping the industry’s future, according to Scott Russell and Maxwell Rittner of Cottonwood Group. The last few years have been turbulent for the commercial real estate business. Some sectors have struggled, while others have proven to be surprisingly resilient. New pandemic-altered priorities and perspectives are shaping how office, industrial and mixed-use projects are developed, designed, leased and used. The big question, as usual, is what comes next? What dynamics are shaping the market today, what trends will have...

$104M Acquisition & Renovation Loan for Scottsdale Resort Hotel

RE Capital USA

February 14, 2022

Cottonwood Group (Cottonwood), a private equity real estate investment firm, announced today the firm closed on a $104 million acquisition and renovation loan for The Scottsdale Resort at McCormick Ranch, a destination hotel located at 7700 E. McCormick Parkway in Scottsdale, Arizona acquired by Florida-based commercial real estate investment and development firm Driftwood Capital (Driftwood). Cottonwood Vice President of Investment Maxwell Rittner made the announcement. “Our team was able to close the loan for Driftwood Capital in under 45 days despite...

What Do Investors Look For When Placing Money in a New CRE Fund?

Wealth Management - Interview by Jenn Elliot

August 23, 2021

Cottonwood Group recently launched an open-ended, multi-strategy real estate investment vehicle called the Cottonwood Founders Portfolio Fund. The Los Angeles-based firm, which also has offices in Boston and New York, named the fund after its strong base of anchor legacy investors. Cottonwood’s long-standing, loyal investors not only supported the new fund, they requested this investment vehicle. Moreover, they’ve already committed $200 million to the fund, which has an overall target of more than $750 million and is the first that Cottonwood has raised...

The Complex World of Hotel Financing

LODGING

May 27, 2021

Hospitality is among a small handful of industries that have borne the brunt of the pandemic’s economic impact. From steep revenue losses to difficult staffing decisions, hotel operations look different now than they did last year. For many hotel owners and operators, the difficult daily work of modifying operations and keeping the lights on is just the tip of the economic iceberg. Many properties are facing daunting long-term structural financing challenges. And with successful vaccine rollouts and the promise of...

Cottonwood Management Makes Big Investments in Industrial Sector

Los Angeles Business Journal

March 29, 2021

Early in the pandemic, when construction lending by commercial banks slowed, Cottonwood Management seized the moment. The downtown-based private equity real estate investment firm used its connections to negotiate rights to either buy or work on industrial assets. “We’ve been interested (in industrial) for a while, and Covid provided us the opportunity to access the asset class,” said Tinchuck Ng, Cottonwood’s managing director and head of investments. The firm, which had previously focused on other asset types, has spent the past year expanding into...