CTO Realty Growth Originates a First Mortgage Loan for Whole Foods Market Anchored Development Neighboring The Collection at Forsyth
CTO Realty Growth, Inc. (CTO)
NASDAQ:AMEX Investor Relations:
ir.ctlc.com
Company Research
Source: GlobeNewswire
WINTER PARK, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced the origination of a $40.2 million first mortgage loan with an initial term of thirty months and an initial fixed interest rate of 12.15%. The loan is for the development of an approximately 80,000 square foot retail center on approximately 26.6 acres located in Forsyth County, Georgia, a growing and affluent suburb of Atlanta. The development is anchored by a 35,500 square foot Whole Foods Market with the remainder of the development consisting of small shop space and pad sites. The Whole Foods Market anchored retail development neighbors the Company’s 561,000 square foot shopping center known as The Collection at Forsyth. Further, the Company has a right of first refusal to purchase this new retail center. The Company funded approximately $3.2 million of the loan at closing and, while the loan provides for borrowings of up to a maximum of $40.2 million
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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, 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 Realty Growth Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
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