M&A
confidence high
sentiment positive
materiality 0.75
CTO Realty Growth closes $137.5M three-property portfolio acquisition and $18M sale of Jordan Landing
CTO Realty Growth, Inc.
- Acquired Carolina Pavilion (Charlotte), Millenia Crossing (Orlando), and Lake Brandon Village (Tampa) for $137.5M total.
- Sold Jordan Landing (West Jordan, UT) for $18.0M on August 15, 2024.
- Portfolio square footage increased ~19% and annual base rent +14% vs June 30, 2024.
- Year-to-date acquisitions total $230M (incl. structured investments); dispositions $38M.
- All properties now located in Southeast and Southwest U.S. after the sale.