Consolidated Tomoka Announces Sale of 12 Acres for $4.5 Million by Land JV
CTO Realty Growth, Inc. (CTO)
NASDAQ:AMEX Investor Relations:
ir.ctlc.com
Company Research
Source: GlobeNewswire
DAYTONA BEACH, Fla., March 03, 2020 (GLOBE NEWSWIRE) -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the sale of approximately 12 acres, which consisted of a land sale and conveyance of certain interests (the “Equinox Land Sale”), for $4.5 million, or approximately $375,000 per acre, to Equinox Development (“Equinox”). Equinox a Maitland, Florida based real estate developer has operations and developments in Florida, North Carolina, South Carolina and Tennessee. The Equinox Land Sale was completed by the venture that was formed in October 2019 when the Company sold the controlling interest in the entity that held the remaining land portfolio (the “Land JV”). The proceeds from the Equinox Land Sale will be distributed in accordance with the distribution priority of the Land JV. In conjunction with the Equinox Land Sale, the Company provided Equinox an approximately $3.4 million one-year first mortgage loan. The Equinox La
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CTO
News
- CTO Realty Growth Declares Dividends for the Fourth Quarter 2024GlobeNewswire
- CTO Realty Growth Originates a First Mortgage Loan for Whole Foods Market Anchored Development Neighboring The Collection at Forsyth [Yahoo! Finance]Yahoo! Finance
- CTO Realty Growth Originates a First Mortgage Loan for Whole Foods Market Anchored Development Neighboring The Collection at ForsythGlobeNewswire
- CTO Realty Growth, Inc. (NYSE: CTO) was upgraded by analysts at Raymond James from an "outperform" rating to a "strong-buy" rating. They now have a $24.00 price target on the stock, up previously from $22.00.MarketBeat
- CTO Realty Growth, Inc. (NYSE: CTO) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
CTO
Earnings
- 10/24/24 - Beat
CTO
Sec Filings
- 11/13/24 - Form EFFECT
- 11/12/24 - Form SC
- 11/12/24 - Form 144
- CTO's page on the SEC website