Market News / Story
CTO Realty Growth acquires Kansas City-area shopping center for $103M
Seeking Alpha ·
Seeking Alpha reports: CTO Realty Growth acquired Summit Woods Crossing, a 545,000-square-foot open-air power center in the Kansas City, Missouri, metropolitan area, for $103M, or $189 per square foot. The acquisition brings CTO’s 2026 year-to-date investment volume, including property and structured investments, to $439M at a blended initial cash yield of approximately 9.0%, the company said. The company said the property was acquired significantly below replacement cost and has in-place…