CTO Realty Growth Announces Acquisition of Summit Woods Crossing for $103.0 Million
CTO Realty Growth (CTO) acquired Summit Woods Crossing, a 545,000-sq-ft power center in Kansas City, for $103.0M, or $189/sq ft. The property is nearly 100% occupied and anchored by major retailers. This acquisition brings CTO's year-to-date investments to $439M, with a blended initial cash yield of 9.0% and a 30% portfolio growth this year.



