CTO Realty Growth completed the acquisition of three open-air shopping centers for $137m.

CTO Realty Growth, a real estate investment trust company, completed the acquisition of three open-air shopping centers for $137m. "The Three Property Portfolio expands our geographic footprint into Charlotte and Tampa and further strengthens our presence in Orlando. Consistent with our investment strategy, Carolina Pavilion provides near-term value-add opportunities including ability to add strong tenancy, bringing rents to market, and increasing occupancy. Millenia Crossing is situated in the dominant retail area of Orlando and Lake Brandon Village adds another grocery anchored property to our portfolio. Furthermore, with the sale of Jordan Landing, all of our properties are now located in the Southeast and Southwest markets of the United States,” John P. Albright, CTO Realty Growth President and CEO.