# EDGAR Filing Document

**Accession Number:** 0001692951
**File Stem:** 0000000000-23-000478
**Filing Date:** 2023-1
**Character Count:** 4611
**Document Hash:** 56ee39e17eb9b278b9c41759bb953f3b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-000478.hdr.sgml**: 20231121

**ACCESSION NUMBER**: 0000000000-23-000478

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230118

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cottonwood Communities, Inc.
- **CENTRAL INDEX KEY:** 0001692951
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 1245 BRICKYARD RD.
- **STREET 2:** SUITE 250
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84106
- **BUSINESS PHONE:** 801-278-0700

**MAIL ADDRESS:**
- **STREET 1:** 1245 BRICKYARD RD.
- **STREET 2:** SUITE 250
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84106
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001692951-22-000032

## Text-Extract

```

United States securities and exchange commission logo

                            January 18, 2023

       Adam Larson
       Chief Financial Officer
       Cottonwood Communities, Inc.
       1245 E. Brickyard Road, Suite 250
       Salt Lake City, UT 84106

                                                        Re: Cottonwood
Communities, Inc.
                                                            Form 10-K for the
year ended December 31, 2021
                                                            Filed March 30,
2022
                                                            File No. 000-56165

       Dear Adam Larson:

              We have reviewed your January 5, 2023 response to our comment
letter and have the
       following comments. In some of our comments, we may ask you to provide
us with information
       so we may better understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

            After reviewing your response to these comments, we may have
additional
       comments. Unless we note otherwise, our references to prior comments are
to comments in our
       December 8, 2022 letter.

       Form 10-K for the Year Ended December 31, 2021

       Item 5. Market for Registrant's Common Equity, Related Stockholder
Matters and Issuer
       Purchases of Equity Securities
       Funds from Operations, page 48

   1.                                                   We note your response
to comment 1. Please further clarify how this adjustment is
                                                        consistent with the
stated purpose of the measure (i.e. ongoing operating performance). In
                                                        this regard, we note
your response indicates these fees are related to advisory services.
                                                        Clarify how you
determined such fees are unrelated to your operating performance.
       Notes to Consolidated Financial Statements
       10. Related-Party Transactions
       Performance Participation Allocation, page F-23
 Adam Larson
Cottonwood Communities, Inc.
January 18, 2023
Page 2

2.       We note your response to our comment 2. Please address the following:
             It appears the performance participation allocation is paid for
services provided by
            the Advisor. Please clarify for us why this fee is paid to an
entity other than the
            Advisor.
             Please further clarify for us how you determined that the
performance participation
            allocation is not an allocation of income to the Special Limited
Partner (i.e. net
            income attributable to noncontrolling interests). Please reference
the authoritative
            accounting literature management relied upon.

        You may contact Howard Efron at (202) 551-3439 or Jennifer Monick at
(202) 551-3295
if you have questions regarding comments on the financial statements and
related matters.

FirstName LastNameAdam Larson                                Sincerely,
Comapany NameCottonwood Communities, Inc.
                                                             Division of
Corporation Finance
January 18, 2023 Page 2                                      Office of Real
Estate & Construction
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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