m_and_a
confidence high
sentiment neutral
materiality 0.65
SITE Centers agrees to sell Winter Garden Village property for ~$165M cash
SITE Centers Corp.
- Seller subsidiary DDR Winter Garden LLC to sell Winter Garden Village (Orlando, FL) for approximately $165 million in cash.
- Purchaser RA2 – Winter Gardens Village LLC posted a nonrefundable deposit of ~$3.3 million credited to purchase price.
- Closing expected in Q3 2025, subject to survey, zoning confirmations, tenant estoppels, and customary conditions.
- Property is not encumbered by any mortgage financing; cash proceeds of ~$165M.
item 1.01