CTO Realty Growth, Inc. (CTO): M&A transaction — 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.

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 a disposition for $18.0 million (closed 2024-08-15).

Action: disposition
Consideration: $18.0 million
Closing: 2024-08-15

Exact text from the filing

on August 15, 2024, the Company closed the sale of Jordan Landing located in West Jordan, Utah for $18.0 million.

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

CTO Realty Growth, Inc. completed an acquisition involving a certain institutional owner for $137.5 million (closed 2024-08-20).

Action: acquisition
Counterparty: a certain institutional owner
Consideration: $137.5 million
Closing: 2024-08-20

Exact text from the filing

On August 20, 2024, CTO Realty Growth, Inc. (the “Company”) completed the acquisition of a three-property portfolio with properties located in Charlotte, North Carolina, Orlando, Florida, and Tampa, Florida (the “Three Property Portfolio”) from a certain institutional owner (the “Seller”) for a purchase price of $137.5 million.

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CTO Realty Growth, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-012400

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