Exhibit 107
Calculation of Filing Fee Tables
Form S-4
(Form Type)
Cottonwood Communities, Inc.
(Exact Name of Registrant as Specified in Governing Instruments)
Table 1—Newly Registered and Carry Forward Securities
Security Type | Security Title | Fee Calculation or Carry Forward Rule | Amount Registered | Proposed Maximum Offering Price Per Unit | Maximum Aggregate Offering Price | Fee Rate | Amount of Registration Fee | Carry Forward Form Type | Carry Forward File Number | Carry Forward Initial Effective Date | Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward | |||||||||||||||||||||||||||||||||||
Newly Registered Securities | ||||||||||||||||||||||||||||||||||||||||||||||
Fees to Be Paid | Equity | | Class A Common Stock | | 457(o) | — | — | $89,829,669.241 (1) | $92.70 | $8327.21 | — | — | — | — | ||||||||||||||||||||||||||||||||
Fees Previously Paid | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Carry Forward Securities | ||||||||||||||||||||||||||||||||||||||||||||||
Carry Forward Securities | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Total Offering Amounts | $89,829,669.241 | $8327.21 | ||||||||||||||||||||||||||||||||||||||||||||
Total Fees Previously Paid | — | |||||||||||||||||||||||||||||||||||||||||||||
Total Fee Offsets | — | |||||||||||||||||||||||||||||||||||||||||||||
Net Fee Due | $8327.21 |
(1) | Estimated solely for purposes of calculating the registration fee required by Section 6(b) of the Securities Act, and calculated pursuant to Rule 457(f)(2) of the Securities Act. This amount was calculated as the product of (x) the estimated maximum number of shares of the Registrant’s common stock, par value $0.01 per share, to be issued in connection with the merger described herein, based on the product of (i) 5,001,001 shares, par value $0.01 per share, of Cottonwood Multifamily Opportunity Fund, Inc. shares outstanding as of July 22, 2022, and (ii) the exchange ratio of 0.8669 shares of the Registrant’s Class A Common Stock per share of Cottonwood Multifamily Opportunity Fund, Inc., and (y) the most recently declared Net Asset Value (“NAV”) for the Registrant’s Class A Common Stock, or $20.7202 per share. The Registrant has used its NAV per share for this calculation because there is no established market for the Registrant’s shares of common stock. The Registrant’s board of directors, including a majority of its independent directors, has adopted valuation guidelines, as amended from time to time, that contain a comprehensive set of methodologies to be used in connection with the calculation of the Registrant’s NAV. The June 30, 2022 NAV for the Registrant’s outstanding Class A shares was $20.7202. |
Table 2—Fee Offset Claims and Sources
Registrant or Filer Name | Form or Filing Type | File Number | Initial Filing Date | Filing Date | Fee Offset Claimed | Security Type Associated with Fee Offset Claimed | Security Title Associated with Fee Offset Claimed | Unsold Securities Associated with Fee Offset Claimed | Unsold Claimed | Fee Paid with Fee Offset Source | ||||||||||||
Rules 457(b) and 0-11(a)(2) | ||||||||||||||||||||||
Fee Offset Claims | — | — | — | — | ||||||||||||||||||
Fee Offset Sources | — | — | — | — | — | |||||||||||||||||
Rule 457(p) | ||||||||||||||||||||||
Fee Offset Claims | — | — | — | — | — | — | — | — | — | |||||||||||||
Fee Offset Sources | — | — | — | — | — |
Table 3—Combined Prospectuses
Security Type | Security Class Title | Amount of Securities Previously Registered | Maximum Aggregate Offering Price of Securities Previously Registered | Form Type | File Number | Initial Effective Date | ||||||
— | — | — | — | — | — | — |