Gadsden Growth Properties, Inc. announced a private placement of preferred shares for gross proceeds of $80,000,000 on September 26, 2018. The company will issue 1,600,000 shares of 7% series A cumulative convertible preferred stock at $25 per share for gross proceeds of $40,000,000 and 4,000,000 shares of 10% series C cumulative convertible preferred stock at $10 per share for gross proceeds of $80,000,000. The series C and A shares are redeemable.