CTO Realty Growth Sells Daytona Beach Properties for $7.1 Million, Generates $1.1 Million Gain

CTO Realty Growth has sold its Main Street properties in Daytona Beach, FL for $7.1 million, generating a gain of $1.1 million. The company provided seller financing of $5.0 million for 5 years at an annual rate of 6.50%. Proceeds will be used to invest in larger shopping centers in high-growth Southeast and Southwest markets.