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CTO Realty Expands Portfolio with High-Yield Shopping Center Deals
Yahoo Finance· 2026-01-28 08:46
Core Viewpoint - CTO Realty Growth, Inc. is actively expanding its portfolio with high-yield shopping center acquisitions and leasing activities, positioning itself favorably in income-producing assets within growing markets [2][3][4]. Group 1: Portfolio Expansion - The company acquired two shopping centers in Atlanta and South Florida for a total of $144.9 million, achieving a weighted average initial cash yield of 8.7% [3]. - Additionally, CTO made $21.0 million in structured investments, which included $5.0 million in seller financing, resulting in a weighted average initial cash yield of 10.7% [3]. Group 2: Leasing Activity - At The Collection at Forsyth, CTO signed three new leases with national retailers, covering approximately 12,000 square feet, which increased the leased occupancy to 93% [4]. - The initial lease terms for these new agreements range from five to 15 years [4]. Group 3: Property Details - The Collection at Forsyth is a 561,000-square-foot outdoor lifestyle center located at a prime intersection in Atlanta, featuring a mix of national brands, local shops, restaurants, fitness options, and entertainment [5]. - This property serves one of the most affluent and rapidly growing counties in the Atlanta area [5]. Group 4: Company Overview - CTO Realty Growth, Inc. operates open-air shopping centers in high-growth markets across the Southeast and Southwest [6]. - The company also manages Alpine Income Property Trust and holds a significant ownership stake in the REIT [6].
CTO Realty Growth Announces Grand Opening of the Picklr at the Collection at Forsyth
Globenewswire· 2025-11-06 21:10
Core Insights - CTO Realty Growth, Inc. announced the grand opening of The Picklr, an indoor pickleball club, at The Collection at Forsyth on November 22, 2025, marking a significant addition to the center's tenant mix [1][2] Group 1: Company Overview - CTO Realty Growth, Inc. specializes in owning and operating high-quality open-air shopping centers primarily in high-growth markets in the Southeast and Southwest regions of the United States [5] - The company also manages and holds a significant interest in Alpine Income Property Trust, Inc. [5] Group 2: Recent Developments - The Picklr will occupy 23,775 square feet and aims to provide a vibrant fitness experience, including indoor courts, lessons, leagues, and social events [2] - The Collection at Forsyth has seen approximately 37,000 square feet of new space open recently, with an additional 17,000 square feet of leases expected to commence in 2026 [3] Group 3: Performance Metrics - The leased occupancy at The Collection at Forsyth has increased significantly to 91%, indicating strong demand for retail space in this premier outdoor lifestyle destination [4] - The center spans 561,000 square feet and features a diverse mix of national retailers, local boutiques, restaurants, fitness concepts, and entertainment venues [4]