CTO Realty Growth (CTO) added its second grocery anchored property in the Tampa, Florida market with the acquisition of Granada Plaza for $16.8M, prior to closing costs and adjustments. Granada Plaza is a 74,000 square-foot shopping center, anchored by a high-performing Publix, and located in the city of Dunedin, Florida. The property is situated on seven acres and is 95% occupied. Year to date, the Company has completed $330.7M of investments at a weighted average yield of 9.3% consisting of $226.7M of retail properties and $104.0M of structured investments.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTO:
- CTO Realty Growth upgraded to Strong Buy from Outperform at Raymond James
- CTO Realty Growth price target raised to $23 from $22 at Alliance Global Partners
- CTO Realty Growth Reports Strong Q3 2024 Financials
- CTO Realty Growth narrows FY24 AFFO view to $1.96 to $2.00 from $1.95-$2.00
- CTO Realty Growth reports Q3 AFFO 51c, consensus 48c