CTO Realty Growth Announces $30.0 Million Preferred Investment in Watters Creek at Montgomery Farm in the Allen Submarket of Dallas, TX

CTO Realty Progress, Inc.

Wintertime PARK, Fla., April 11, 2022 (World NEWSWIRE) — CTO Realty Development, Inc. (NYSE: CTO) (the “Company” or “CTO”) right now announced it has entered into a most popular equity arrangement to present $30. million of funding towards the acquisition of the Watters Creek at Montgomery Farm grocery-anchored, mixed-use residence in Allen, Texas (the “Preferred Investment”). Watters Creek at Montgomery Farm is around 458,000 square toes of grocery-anchored retail and business, anchored by Market Avenue, Anthropologie, Mi Cocina, DSW, The Cheesecake Manufacturing facility, Brio Italian Grille, and Michaels, and consists of a selection of nationwide and regional stores and dining places (the “Watters Creek Property” or “Property”).

“As we’ve witnessed cap prices for very well-located retail and blended-use property compress over the previous twelve months, we’re selectively creating structured investments in homes that in good shape in our retail-targeted system and give powerful risk-modified returns,” commented John P. Albright, President and Chief Government Officer of CTO Realty Expansion, Inc. “Similar to our Stores at Legacy property, which is just a couple of miles down the road in Plano, the Watters Creek Home advantages from becoming in shut proximity to 1st-course residential neighborhoods, a diversified office environment market with current corporate expansions, and a properly-educated workforce. It is a great prospect for CTO to invest in a highly productive retail corridor in an interesting submarket of Dallas, Texas, and we’re wanting forward to partnering yet again with this professional and proven sponsor as they execute on their funds strategy to reposition the House.”

The three-year Preferred Investment decision for the acquisition of the House was fully funded at closing. The Most popular Investment is desire-only by way of maturity, includes an origination rate on the complete Most popular Financial commitment, and bears a mounted most well-liked return higher than the range of the Company’s direction for first investment income yields.

About CTO Realty Expansion, Inc.

CTO Realty Expansion, Inc. is a publicly traded true estate expenditure belief that owns and operates a portfolio of significant-quality, retail-dependent qualities positioned mainly in larger growth marketplaces in the United States. CTO also externally manages and owns a meaningful interest in Alpine Earnings Home Have faith in, Inc. (NYSE: PINE), a publicly traded internet lease REIT.

We persuade you to critique our most new investor presentation and supplemental economical information and facts, which is obtainable on our internet site at www.ctoreit.com.

Harmless Harbor

Sure statements contained in this press release (other than statements of historic simple fact) are forward-on the lookout statements in the this means of Portion 27A of the Securities Act of 1933, as amended and Area 21E of the Securities Exchange Act of 1934, as amended. Forward-searching statements can commonly be discovered by words and phrases these types of as “believe,” “estimate,” “expect,” “intend,” “anticipate,” “will,” “could,” “may,” “should,” “plan,” “potential,” “predict,” “forecast,” “project,” and identical expressions, as effectively as versions or negatives of these words.

Even though ahead-on the lookout statements are created dependent on management’s current expectations and sensible beliefs relating to upcoming developments and their possible influence on the Enterprise, a selection of variables could result in the Company’s actual outcomes to differ materially from all those established forth in the ahead-looking statements. These types of variables may perhaps include, but are not minimal to: the Company’s means to keep on being certified as a REIT the Company’s exposure to U.S. federal and condition earnings tax legislation improvements, such as alterations to the REIT prerequisites standard adverse financial and true estate circumstances the best geographic unfold, severity and duration of pandemics this sort of as the COVID-19 Pandemic, actions that may well be taken by governmental authorities to comprise or deal with the affect of these types of pandemics, and the possible destructive impacts of such pandemics on the world economic climate and the Company’s money situation and success of functions the incapacity of major tenants to continue on having to pay their hire or obligations because of to bankruptcy, insolvency or a standard downturn in their organization the decline or failure, or decline in the small business or property of PINE the completion of 1031 exchange transactions the availability of investment decision houses that fulfill the Company’s financial investment aims and criteria the uncertainties related with acquiring necessary governmental permits and gratifying other closing situations for prepared acquisitions and product sales and the uncertainties and danger variables talked over in the Company’s Once-a-year Report on Sort 10-K for the fiscal yr finished December 31, 2021 and other hazards and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Trade Commission.

There can be no assurance that potential developments will be in accordance with management’s anticipations or that the result of upcoming developments on the Business will be people anticipated by administration. Viewers are cautioned not to place undue reliance on these forward-searching statements, which communicate only as of the date of this push launch. The Firm undertakes no obligation to update the info contained in this press launch to replicate subsequently developing gatherings or circumstances.

Speak to:

Matthew M. Partridge

Senior Vice President, Main Money Officer and Treasurer

(407) 904-3324

[email protected]