CTO Realty Growth Acquires Summit Woods Crossing for $103 Million

MT newswire2026/10/06 11:35

07:35 AM EDT, 10/06/2026 (MT Newswires) -- CTO Realty Growth (CTO) said Tuesday it has acquired Summit Woods Crossing open-air center in Kansas City, Missouri, for $103 million. The acquisition of the 545,000-square-foot center brought the company's year-to-date investment volume to $439 million, with a blended initial cash yield of about 9%, and increased its portfolio by 30% this year to 7.1 million square feet from 5.5 million, CTO Realty said. CTO Realty Growth shares were up 2.4% in premarket activity Tuesday.

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