CTO Realty Growth Announces Acquisition of Summit Woods Crossing for $103.0 Million
Key Highlights
- ➤CTO acquires Summit Woods Crossing for $103.0 million, or $189 per square foot
- ➤Summit Woods Crossing spans 545,000 square feet and is nearly 100% occupied
- ➤2026 year-to-date investments reach $439 million at approximately 9.0% blended initial cash yield
- ➤CTO portfolio grows 30% this year, from 5.5 million to 7.1 million square feet
Expert Statements
John P. Albright, President and Chief Executive Officer of CTO Realty Growth
“Summit Woods Crossing is a market-dominant, open-air center that is nearly 100% occupied and strengthens our presence in Kansas City”
John P. Albright, President and Chief Executive Officer of CTO Realty Growth
“The acquisition reflects what we look for in an investment: a purchase price well below replacement cost, an attractive yield, and in-place rents below market.”
WINTER PARK, Fla., Oct. 06, 2026 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced the acquisition of Summit Woods Crossing (the “Property”), a 545,000-square-foot open-air power center situated on 57 acres in the Kansas City, Missouri metro area, for a purchase price of $103.0 million, or $189 per square foot.
“Summit Woods Crossing is a market-dominant, open-air center that is nearly 100% occupied and strengthens our presence in Kansas City," said John P. Albright, President and Chief Executive Officer of CTO Realty Growth. "The acquisition reflects what we look for in an investment: a purchase price well below replacement cost, an attractive yield, and in-place rents below market. It brings our year-to-date investment volume, inclusive of both property and structured investments, to $439 million at a blended initial cash yield of approximately 9.0%, and has helped grow our portfolio 30% this year, from 5.5 million to 7.1 million square feet."
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