CTO Realty Growth Sells Daytona Beach Assets For $7.1M; Realizes $1.1M Gain, Provides $5M Seller Financing At 6.5%

Benzinga · 08/20 20:09
CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") announced today that it has sold its Main Street properties in Daytona Beach, Florida for $7.1 million, generating a gain on sale of approximately $1.1 million. As part of the transaction, the Company provided seller financing of $5.0 million for 5 years at an annual rate of 6.50%.
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