secwatch.observer — SEC 8-K summary
======================================

Issuer:     CTO Realty Growth, Inc. (CTO)
CIK:        0000023795
Form:       8-K
Filed at:   2022-10-17T23:59:59+00:00
Accession:  0001558370-22-015028
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 Growth completes $93.85M acquisition of West Broad Village in Richmond, VA
--------------------------------------------------------------------------------

- Acquired a grocery-anchored mixed-use asset in Richmond, VA for $93.85M.
- Funded via cash, 1031 exchange proceeds, and revolving credit facility.
- Historical lease revenue: $8.1M in FY2021, $4.3M in 1H2022.
- Pro forma net income per share improved from $(0.16) to $0.13 for 1H2022.
- Also acquired Madison Yards (Atlanta, $80.2M) in July 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23795/000155837022015028/0001558370-22-015028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23795/000155837022015028/cto-20221014x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-015028

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