CTO Realty Growth reports $275M of investment activity year-to-date

The Company’s investment activity, including acquisitions and structured investments, was $191.3M in the quarter and now totals $273.8M year-to-date, at a weighted average yield of 9.1%. As the Company has exceeded its 2024 guidance for investment activity, it will provide updated investment guidance when reporting its full third quarter results on October 24. In addition to previously announced investment activity, the company recently originated a $43.8M first mortgage loan that has an initial term of two years with a one-year extension option, carries an initial fixed interest rate of 11%, and included an origination fee of 1.25%. The loan is secured by over 100 acres entitled for an over 2 million square foot mixed-use development