---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-087287"
form_type: "8-K"
ticker: "CTO"
cik: "0000023795"
company_name: "CTO Realty Growth, Inc."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T11:22:40.472480+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CTO Realty signs $137.5M PSA to buy 3-property portfolio (NC, FL)

## Summary
- Purchase and Sale Agreement for three properties in Charlotte, Orlando, and Tampa; total price $137.5M subject to prorations.
- Portfolio is 0.9M sq ft, 94.2% leased, with weighted average remaining lease term of 6.2 years.
- Acquisition expected to close in Q3 2024 but closing conditions not yet satisfied; no guarantee.
- Funding sources include cash, credit facility, securities offerings, or reverse 1031 exchange.
- Historical summary: 2023 lease revenue $15.4M, direct costs $4.5M; H1 2024 lease revenue $7.4M, direct costs $2.3M.

## SEC filing metadata
- accession: 0001104659-24-087287
- form_type: 8-K
- ticker: CTO
- cik: 0000023795
- company_name: CTO Realty Growth, Inc.
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23795/000110465924087287/0001104659-24-087287-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23795/000110465924087287/tm2421006d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-087287
- JSON: https://secwatch.observer/filing/0001104659-24-087287.json
- Plain text: https://secwatch.observer/filing/0001104659-24-087287.txt

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