CTO Realty Growth Announces Acquisition of 318,000 Square Foot Retail Power Center in Orlando, Florida for $68.7 Million [Yahoo! Finance]
CTO Realty Growth, Inc. (CTO)
NASDAQ:AMEX Investor Relations:
ir.ctlc.com
Company Research
Source: Yahoo! Finance
of Marketplace at Seminole Towne Center, a 318,000 square foot multi-tenant retail power center in the Sanford submarket of Orlando, Florida (the “Property”) for a purchase price of $68.7 million. The purchase price represents a going-in cap rate within the range of the Company's current guidance for initial cash yields. "We are pleased to announce the acquisition of Marketplace at Seminole Towne Center, a premier retail destination near our headquarters in Orlando, Florida," said John P. Albright, President and Chief Executive Officer of CTO Realty Growth, Inc. "This dominant, Target shadow-anchored center allows us to increase our exposure to the high-growth Orlando market and existing top tenants such as Ross Dress for Less, TJX Companies, and Burlington. Seminole Towne Center provides a stable income stream and growth potential, and due to its prime location and strong community ties, we see attractive potential upside from below-market rents. We believe we acquired the property
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CTO
News
- Those who invested in CTO Realty Growth (NYSE:CTO) five years ago are up 48% [Yahoo! Finance]Yahoo! Finance
- Heritage Real Estate Co. completes acquisition of Santa Fe office complex [Yahoo! Finance]Yahoo! Finance
- CTO Realty Growth, Inc. (NYSE: CTO) is now covered by analysts at Alliance Global Partners. They set a "buy" rating and a $20.00 price target on the stock.MarketBeat
- CTO Realty Growth Announces Pricing of Public Offering of 6.375% Series A Cumulative Redeemable Preferred StockGlobeNewswire
- CTO Realty Growth Announces Commencement of Public Offering of 6.375% Series A Cumulative Redeemable Preferred Stock [Yahoo! Finance]Yahoo! Finance
CTO
Earnings
- 2/22/24 - Beat
CTO
Sec Filings
- 4/10/24 - Form 8-K
- 4/5/24 - Form 424B5
- 4/4/24 - Form FWP
- CTO's page on the SEC website