CTO Realty Growth completed the acquisition of The Collection At Forsyth for $96m.

CTO Realty Growth, a real estate investment trust, completed the acquisition of The Collection At Forsyth, a 560k square foot lifestyle, mixed-use property in the Forsyth County submarket of Atlanta, Georgia, for $96m. “Our acquisition of The Collection at Forsyth is an exciting opportunity to invest in a high-quality asset meaningfully below replacement cost where we believe there is future upside by repositioning the property through targeted capital investment, improving the overall tenant mix, and leasing the existing vacancy. We’ll be engaging our leasing team at Ashford Lane, which is just 20 miles down the road from The Collection at Forsyth, to drive tenant synergies between the two properties as we look to replicate our success at this new repositioning opportunity. Terrific demographic trends, intensive development surrounding the Property, and the potential to lease the vacant former Earth Fare outparcel building to a new grocer are all demand-driving tailwinds as we look to position The Collection at Forsyth as the go-to retail destination in this growing Atlanta submarket,” John P. Albright, CTO Realty Growth President and CEO.