CTO Realty Growth Has Closed The Sale Of Westcliff Shopping Center, A 134,750 Square Foot Single Community Shopping Center In Texas, At $14.8M, Representing An Exit Cap Rate Of 5.2% And Generating A Loss On Sale Of Approximately $0.9M
Portfolio Pulse from Benzinga Newsdesk
CTO Realty Growth has sold the Westcliff Shopping Center, a 134,750 square foot single community shopping center in Texas, for $14.8M. The sale represents an exit cap rate of 5.2% and generated a loss of approximately $0.9M.
October 16, 2023 | 11:45 am
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CTO Realty Growth's sale of the Westcliff Shopping Center resulted in a loss of $0.9M, which could negatively impact the company's financial performance.
The sale of the Westcliff Shopping Center by CTO Realty Growth resulted in a loss of $0.9M. This could negatively impact the company's financial performance and potentially its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100