CTO Realty Growth, Inc. (CTO): M&A transaction — CTO Realty Growth acquires The Collection at Forsyth for $96M, 560K sq ft mixed-use property in Atlanta

CTO Realty Growth, Inc.

Purchase price of $96.0 million; funded via equity offering, available cash, and credit facility draws.
Property is 560,000 sq ft, 80% leased, located in Forsyth County, GA (Atlanta submarket).
Going-in cap rate above company's guidance range for initial cash yields.
Tenants include Academy Sports, AMC Theatres, Barnes & Noble; vacancy includes former Earth Fare outparcel.
Management plans to reposition through capital investment, improved tenant mix, and leasing existing vacancy.

item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

CTO Realty Growth, Inc. completed an acquisition for $96.0 million (closed 2022-12-29).

Action: acquisition
Consideration: $96.0 million
Closing: 2022-12-29

Exact text from the filing

On December 29, 2022, CTO Realty Growth, Inc. (the "Company" or "CTO") completed the acquisition of a lifestyle, mixed-use property in the Forsyth submarket of Atlanta, Georgia ("The Collection at Forsyth " or the "Property") from a certain institutional owner (the "Seller") for a purchase price of $96.0 million.

View on SEC.gov

Browse all m&a transactions →

CTO Realty Growth, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-22-019048

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.