Market News / Story
CTO Realty Growth, Inc. (CTO) Buys Summit Woods Crossing for $103M
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CTO Realty Growth acquired the 545K sq ft Summit Woods Crossing in the Kansas City, MO metro for $103M, or $189/sq ft. The nearly fully occupied power center adds to 2026 YTD investments of $439M at an approximate blended initial cash yield of 9.0%. Material Details #DetailAI Analyst View1Acquires Summit Woods for $103MDeploys capital into an income-producing asset; immediate balance sheet and FFO implications.2Price $189/sq ftSignals below-replacement-cost entry;…