---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-062115"
form_type: "8-K"
ticker: "SITC"
cik: "0000894315"
company_name: "SITE Centers Corp."
filed_at: "2024-05-20T23:59:59+00:00"
generated_at: "2026-06-01T14:01:45.083138+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SITE Centers sells six properties for $495M to Pine Tree affiliate; closing by Q2 2024

## Summary
- Purchase price of $495M in cash for Arrowhead Crossing, Easton Market, The Fountains, Kenwood Square, Polaris Towne Center, and Tanasbourne Town Center.
- Company retains small parcels at The Fountains, Polaris Towne Center, and Tanasbourne for planned Curbline Properties spin-off.
- Closing expected by end of Q2 2024, subject to customary conditions including estoppels, reps accuracy, and absence of casualty events.
- Sellers are subsidiaries of SITE Centers; buyer is an affiliate of Pine Tree.

## SEC filing metadata
- accession: 0000950170-24-062115
- form_type: 8-K
- ticker: SITC
- cik: 0000894315
- company_name: SITE Centers Corp.
- filed_at: 2024-05-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894315/000095017024062115/0000950170-24-062115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894315/000095017024062115/sitc-20240517.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-062115
- JSON: https://secwatch.observer/filing/0000950170-24-062115.json
- Plain text: https://secwatch.observer/filing/0000950170-24-062115.txt

## Key facts
- Material Agreements
  SITE Centers Corp. entered into Purchase Agreement with an affiliate of Pine Tree valued at $495 million (effective 2024-05-17).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: an affiliate of Pine Tree
  - Value: $495 million
  - Effective: 2024-05-17
  source text: On May 17, 2024, certain subsidiaries (the " Sellers ") of SITE Centers Corp. (the " Company ") entered into a Purchase Agreement (the " Purchase Agreement ") with an affiliate of Pine Tree (the " Purchaser "). Pursuant to the Purchase Agreement, the Sellers have agreed to sell to the Purchaser their interests in Arrowhead Crossing (Phoenix, Arizona), Easton Market (Columbus, Ohio), The Fountains (Miami, Florida), Kenwood Square (Cincinnati, Ohio), Polaris Towne Center (Columbus, Ohio) and Tanasbourne Town Center (Portland, Oregon) for a price of $495 million in cash, subject to adjustment for certain closing pro-rations, allocations and credits for signed leases and capital expenditures.
  evidence_url: https://www.sec.gov/Archives/edgar/data/894315/000095017024062115/0000950170-24-062115-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.