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Cto Realty Growth Announces Acquisition Of The Collection At Forsyth In Atlanta, Georgia For $96.0 Million

PUBLIC · CTODec 30, 2022

Acquiring Company

CTO Realty Growth

Acquired Company

The Collection At Forsyth

Winter ParkSustainabilityNatural ResourcesFinancial ServicesReal EstateLending And InvestmentsReal Estate InvestmentCommercial Real Estate

Description

CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced it has acquired The Collection at Forsyth, a 560,000 square foot lifestyle, mixed-use property in the Forsyth County submarket of Atlanta, Georgia (the “Property”) for a purchase price of $96.0 million. The purchase price represents a going-in cap rate above the range of the Company’s current guidance for initial cash yields.

Quick answer

CTO Realty Growth is acquiring The Collection At Forsyth for $96 million, announced December 30, 2022. CTO Realty Growth is based in Winter Park, Florida, United States.

How much did CTO Realty Growth pay for The Collection At Forsyth?
The reported deal value is $96 million.
What does CTO Realty Growth do?
CTO Realty Growth, Inc. is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States.
Where are CTO Realty Growth and The Collection At Forsyth based?
CTO Realty Growth is based in Winter Park, Florida, United States.
Who are the decision-makers at CTO Realty Growth?
Fundz holds 2 contacts at CTO Realty Growth. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

CTO Realty Growth

Location

369 N. New York Ave.

Winter Park, Florida, United States

About

CTO Realty Growth, Inc. is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE: PINE), a publicly traded net lease REIT. We encourage you to review our most recent investor presentation and supplemental financial information, which is available on our website at www.ctoreit.com.

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Frequently asked

Who acquired The Collection At Forsyth?

The Collection At Forsyth was acquired by CTO Realty Growth, based in Winter Park. The deal was reported on December 30, 2022. CTO Realty Growth, Inc. is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States. CTO Realty Growth is publicly traded (CTO) and operates in Sustainability.

When did CTO Realty Growth acquire The Collection At Forsyth?

CTO Realty Growth's acquisition of The Collection At Forsyth was reported on December 30, 2022. CTO Realty Growth, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does The Collection At Forsyth do?

Enjoy the best shopping and dining experiences North of Atlanta at retailers including Barnes & Noble, Victoria's Secret and LOFT It is privately held.

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