secwatch.observer — SEC 8-K summary
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Issuer:     CTO Realty Growth, Inc. (CTO)
CIK:        0000023795
Form:       8-K
Filed at:   2022-07-11T23:59:59+00:00
Accession:  0001558370-22-010596
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTO Realty acquires Madison Yards retail center in Atlanta for $80.2M
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- Acquired Madison Yards retail center in Atlanta for $80.2M; funded with cash, 1031 exchange proceeds ($17.5M), and credit facility draw ($54.5M).
- Property generated $6.4M lease revenue and $5.0M net over direct costs in 2021; pro forma effect adds ~$2.0M to annual net income.
- Two tenants represent ~46% of base rent, indicating tenant concentration.
- Acquisition increases total assets to ~$811M and long-term debt to ~$353M (pro forma as of March 31, 2022).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23795/000155837022010596/0001558370-22-010596-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23795/000155837022010596/cto-20220708x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-010596

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer