WINTER PARK, Fla., Aug. 08, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company") today announced that it has entered into a purchase and sale agreement for the acquisition of a three-property portfolio (the "Three Property Portfolio") for a purchase price of $137.5 million. The Three Property Portfolio consists of three open-air shopping centers located in Charlotte, North Carolina; Orlando, Florida; and Tampa, Florida, with an aggregate gross leasable area of approximately 0.9 million square feet which are approximately 94.2% leased, with a weighted average remaining lease term of 6.2 years as of August 7, 2024.   Additionally, on August 1, 2024, the Company completed a $10.0 million preferred equity investment in a real estate company with a dividend rate of 14.0% per annum and a 1.00% origination fee. The investment is non-callable for five years, except upon the occurrence of certain specified events. Further, the Company has entered into a purchase and sale agreement for the sale of its Jordan Landing property located in West Jordan, Utah for $18.0 million. The Company anticipates that the sale of its Jordan Landing property will close prior to the end of August 2024. After completion of this disposition, all the Company's properties will be located in the Southeast and Southwest markets of the United States. Since the beginning of the third quarter, the Company has executed new leases and renewals totaling approximately 69,000 square feet and, after adjusting for this leasing activity, the Company's leased occupancy has increased to 96.0% compared to 94.6% as of June 30, 2024. The Company's signed not ...