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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…