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CTO Realty Growth Announces the Sale of its Main Street Properties in Daytona Beach, FL for $7.1 Million
WINTER PARK, Fla., Aug. 20, 2025 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) announced today that it has sold its Main Street properties in Daytona Beach, Florida for $7.1 million, generating a gain on sale of approximately $1.1 million. As part of the transaction, the Company provided seller financing of $5.0 million for 5 years at an annual rate of 6.50%. “We continue to simplify our portfolio and harvest value from smaller and noncore investments,” stated
About this update from Cto Realty Growth, Inc.
[{"type":"image","alt":"CTO Realty Growth, Inc.","displaySize":"","headline":null,"caption":"CTO Realty Growth, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":216,"url":"https://media.zenfs.com/en/globenewswire.com/667396cf0bdfbe9314cff43bdfbb843f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/a0E93RqxKsBMTN6N6c0lbA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTMwMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/667396cf0bdfbe9314cff43bdfbb843f","width":300,"height":216}},"lazy":false},{"type":"text","content":"WINTER PARK, Fla., Aug. 20, 2025 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) announced today that it has sold its Main Street properties in Daytona Beach, Florida for $7.1 million, generating a gain on sale of approximately $1.1 million. As part of the transaction, the Company provided seller financing of $5.0 million for 5 years at an annual rate of 6.50%.","length":396,"tagName":"p"},{"type":"text","content":"“We continue to simplify our portfolio and harvest value from smaller and noncore investments,” stated John P. Albright, President and Chief Executive Officer of CTO Realty Growth. “We intend to recycle the proceeds from the sale of the Main Street properties into larger format shopping centers in high growth target markets in the Southeast and Southwest.”","length":358,"tagName":"p"},{"type":"text","content":"About CTO Realty Growth, Inc.","length":29,"tagName":"p"},{"type":"text","content":"CTO Realty Growth, Inc. owns and operates high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE: PINE).","length":275,"tagName":"p"},{"type":"text","content":"We encourage you to review our most recent investor presentation and supplemental financial information, which is available on our website at www.ctoreit.com.","length":158,"tagName":"p"},{"type":"text","content":"Safe Harbor","length":11,"tagName":"p"},{"type":"text","content":"Certain statements contained in this press release (other than statements of historical fact) are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. F...