CTO Realty Growth Originates $40.2 Million Mortgage Loan for Whole Foods Market Anchored Development
CTO Realty Growth Originates $40.2 Million Mortgage Loan for Whole Foods Market Anchored Development
11/07/24, 9:25 PM
Location
winter parkMoney
$40.2 million
Industry
real estate investment
real estate
Type
contract
CTO Realty Growth, Inc. has originated a $40.2 million first mortgage loan with an initial term of thirty months and an initial fixed interest rate of 12.15% for the development of an approximately 80,000 square foot retail center on approximately 26.6 acres located in Forsyth County, Georgia. The development is anchored by a 35,500 square foot Whole Foods Market and the company also has a right of first refusal to purchase this new retail center.
Company Info
Location
winter park, florida, united states
Additional Info
CTO Realty Growth, Inc. is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States. CTO also owns an approximate 16% interest in Alpine Income Property Trust, Inc. (NYSE: PINE), a publicly traded net lease REIT.
We encourage you to review our most recent investor presentation, which is available on our website at www.ctoreit.com.