CTO Realty Growth Sells Shops at Legacy North for $78 Million

Reuters12-20 05:35
CTO Realty Growth Sells Shops at Legacy North for $78 Million

CTO Realty Growth, Inc. has announced the sale of the Shops at Legacy North, achieving strong pricing with an approximate low-5% exit cash cap rate. The transaction reflects significant leasing activity at the property over the past two years. Proceeds from the sale will be used as part of a Section 1031 like-kind exchange, retroactively funding the recent acquisition of Pompano Citi Centre, with additional funds set aside for future acquisitions. Year-to-date, CTO Realty Growth's disposition volume totals $85.1 million, representing a weighted average exit cash cap rate in the mid-5% range.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CTO Realty Growth Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9605393) on December 19, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment