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StockNews.com started coverage on shares of CTO Realty Growth (NYSE:CTO – Free Report) in a research note published on Thursday morning. The brokerage issued a sell rating on the stock. Separately, Raymond James cut their price objective on shares of CTO Realty Growth from $21.00 to $19.00 and set an outperform rating for the company […]
WINTER PARK, Fla., Oct. 02, 2023 CTO Realty Growth, Inc. today announced the closing of the sale of Reston Metro Center II, a 64,319 square foot single tenant office property located in.
WINTER PARK, Fla., Oct. 02, 2023 (GLOBE NEWSWIRE) CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced the closing of the sale of Reston Metro Center II, a 64,319 square foot single tenant office property located in Reston, Virginia leased to General Dynamics (the “Property”). The Property was sold for $18.5 million, representing an exit cap rate of 7.2% and generating a gain on sale of approximately $1.3 million. “This sale continues our progress of accretively recycl