CTO Realty Growth enters agreement to acquire Atlanta mixed-use center for $96M

CTO Realty Growth, Inc.

Purchase price of $96M for a mixed-use property in the Atlanta, GA metropolitan area.
Seller is an institutional owner with no material relationship to CTO Realty Growth.
Closing subject to customary conditions; no assurance of completion as of Nov 28, 2022.
PSA filed as Exhibit 2.1 with redactions for confidential, non-material information.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CTO Realty Growth, Inc. entered into Purchase and Sale Agreement with a certain institutional owner valued at $96,000,000 (effective 2022-11-28).

Action: entry
Agreement: asset purchase
Counterparty: a certain institutional owner
Value: $96,000,000
Effective: 2022-11-28

Exact text from the filing

On November 28, 2022, CTO Realty Growth, Inc. (the “Company”) entered into a Purchase and Sale Agreement (the “PSA”) from a certain institutional owner (the “Seller”) for the purchase of a mixed-use center in the Atlanta, Georgia Metropolitan Area (the “Property”). The terms of the PSA provide that the total purchase price for the Property will be $96,000,000, subject to adjustment for closing prorations.

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CTO Realty Growth, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-22-018275

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