<?xml version='1.0' encoding='UTF-8'?>

      <!-- iXBRL document created with: Toppan Merrill Bridge iXBRL 9.6.7908.23199 -->
      <!-- Based on: iXBRL 1.1 -->
      <!-- Created on: 12/3/2021 10:17:55 PM -->
      <!-- iXBRL Library version: 1.0.7908.23207 -->
      <!-- iXBRL Service Job ID: 2168cb08-a568-47f9-9cbc-4b2b9b230fc4 -->

  <html xmlns:us-gaap="http://fasb.org/us-gaap/2021-01-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:dei="http://xbrl.sec.gov/dei/2021" xmlns="http://www.w3.org/1999/xhtml" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:cto="http://www.cto.com/20211202" xmlns:xs="http://www.w3.org/2001/XMLSchema-instance" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:xbrldi="http://xbrl.org/2006/xbrldi"><head><meta content="text/html" http-equiv="content-type" /><title></title></head><body><div style="margin-top:30pt;"></div><div style="display:none;"><ix:header><ix:hidden><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:EntityCentralIndexKey" id="Tc_5x6PLn_2I0WdwpLUO-TF6A_1_1">0000023795</ix:nonNumeric><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:AmendmentFlag" id="Tc_FK5Sj0b2x06TGJXwq7DDxA_2_1">false</ix:nonNumeric></ix:hidden><ix:references><link:schemaRef xlink:type="simple" xlink:href="cto-20211202.xsd"></link:schemaRef></ix:references><ix:resources><xbrli:context id="Duration_12_2_2021_To_12_2_2021_us-gaap_StatementClassOfStockAxis_us-gaap_CumulativePreferredStockMember_A_IBF_xzjE67fmhrHO8VOQ"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000023795</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CumulativePreferredStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-12-02</xbrli:startDate><xbrli:endDate>2021-12-02</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="Duration_12_2_2021_To_12_2_2021_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_bd5QPCUxqEacYeQHUHAbFw"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000023795</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2021-12-02</xbrli:startDate><xbrli:endDate>2021-12-02</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000023795</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2021-12-02</xbrli:startDate><xbrli:endDate>2021-12-02</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:1pt;line-height:1.19;border-bottom:1.0pt solid #000000;border-top:3.0pt solid #000000;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160; </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160; </span></p><a id="_447ed8f3_9942_41bd_809f_f9abcbd00379"></a><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">UNITED STATES</b><span style="font-family:'Times New Roman','Times','serif';"> </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</b><span style="font-family:'Times New Roman','Times','serif';"> </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 0pt 10pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Washington, D.C. 20549</b><span style="font-family:'Times New Roman','Times','serif';"> </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">FORM&#160;</b><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:DocumentType" id="Narr_wZjK2yzaIESO3l4Q2NHMwA"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">8-K</b></ix:nonNumeric><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;"> </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">CURRENT REPORT</b><span style="font-family:'Times New Roman','Times','serif';"> </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Pursuant to Section&#160;13 or 15(d)&#160;of</b><span style="font-family:'Times New Roman','Times','serif';"> </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">The Securities Exchange Act of 1934</b><span style="font-family:'Times New Roman','Times','serif';"> </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt 0pt 10pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;">Date of Report (Date of earliest event reported): </span><ix:nonNumeric format="ixt:datemonthdayyearen" contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:DocumentPeriodEndDate" id="Narr_gd06lsXRLkKqRTj7ItkK6w"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;">December 2, 2021</span></ix:nonNumeric><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;"> </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:26pt;line-height:1.19;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:EntityRegistrantName" id="Narr_NaFUaCUAh0uP8kfp30iYWA"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">CTO Realty Growth, Inc.</b></ix:nonNumeric><span style="font-family:'Times New Roman','Times','serif';"> </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 0pt 10pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';">(Exact name of registrant as specified in its charter) </span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:1pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:33.32%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:1pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:33.34%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:1pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td></tr><tr style="height:1pt;"><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:1pt;line-height:1.19;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:1pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160;</span></p></td><td style="vertical-align:top;width:33.32%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:1pt;line-height:1.19;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:1pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160;</span></p></td><td style="vertical-align:top;width:33.34%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:1pt;line-height:1.19;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:1pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160;</span></p></td></tr><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.11;text-align:center;margin:0pt;"><ix:nonNumeric format="ixt-sec:stateprovnameen" contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:EntityIncorporationStateCountryCode" id="Narr_CNeWr5jmVEyjL6stKmt-PQ"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">Maryland</b></ix:nonNumeric></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.11;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">(State or other jurisdiction of incorporation)</span></p></td><td style="vertical-align:top;width:33.32%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.11;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:EntityFileNumber" id="Narr_fR2TSVwJ2EaPZahqSkFtnQ"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">001-11350</b></ix:nonNumeric></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.11;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">(Commission File Number)</span></p></td><td style="vertical-align:top;width:33.34%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.11;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:EntityTaxIdentificationNumber" id="Narr_9HxxsoddHkqJgLxfcTCJJg"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">59-0483700</b></ix:nonNumeric></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.11;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">(IRS Employer Identification No.)</span></p></td></tr><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.11;margin:12pt 0pt 0pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160;</span></p></td><td style="vertical-align:top;width:33.32%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.11;text-align:center;margin:10pt 0pt 0pt 0pt;"><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:EntityAddressAddressLine1" id="Narr_e-ssGwmASUKZkSUxoKv-3w"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">1140 N. Williamson Blvd.</b></ix:nonNumeric><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">,</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.11;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:EntityAddressAddressLine2" id="Narr_BIZx6NQk2kKEPe2UASnI-A"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">Suite&#160;140</b></ix:nonNumeric></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.11;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:EntityAddressCityOrTown" id="Narr_io7FDylYDk6QOILIHDJS4Q"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">Daytona Beach</b></ix:nonNumeric><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">, </b><ix:nonNumeric format="ixt-sec:stateprovnameen" contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:EntityAddressStateOrProvince" id="Narr_NlmxoNViY0uCJnCp1-G0Sw"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">Florida</b></ix:nonNumeric></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.11;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">(Address of principal executive offices)</span></p></td><td style="vertical-align:top;width:33.34%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.11;text-align:center;margin:12pt 0pt 0pt 0pt;"><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:EntityAddressPostalZipCode" id="Narr_CcnCBP1c6U29HiQE-y0Rzg"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">32114</b></ix:nonNumeric></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.11;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">(Zip Code)</span></p></td></tr></table><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.11;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160; </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.11;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;">Registrant&#8217;s&#160;telephone&#160;number,&#160;including&#160;area&#160;code:&#160;</span><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">(</b><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:CityAreaCode" id="Narr_g5NtHH3WVEm_RgUVTXIIEw"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">386</b></ix:nonNumeric><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">)&#160;</b><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:LocalPhoneNumber" id="Narr_1gGFG5KOMEOviEOJq4ZqGA"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">274-2202</b></ix:nonNumeric><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;"> </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.11;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160; </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.11;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Not Applicable</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.11;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">(Former&#160;name&#160;or&#160;former&#160;address,&#160;if&#160;changed&#160;since&#160;last&#160;report.) </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.11;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160; </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.11;margin:0pt 0pt 6pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';">Check the appropriate box below if the Form&#160;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.11;margin:0pt;"><ix:nonNumeric format="ixt-sec:boolballotbox" contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:WrittenCommunications" id="Narr_vbjvrBG5-UG5MRUf0r6yCg"><span style="font-family:'Segoe UI Symbol';font-size:10pt;">&#9744;</span></ix:nonNumeric><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;"> Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425) </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.11;margin:0pt;"><ix:nonNumeric format="ixt-sec:boolballotbox" contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:SolicitingMaterial" id="Narr_mw0GBXP8rEqrGIegxdXI4g"><span style="font-family:'Segoe UI Symbol';font-size:10pt;">&#9744;</span></ix:nonNumeric><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;"> Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12) </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.11;margin:0pt;"><ix:nonNumeric format="ixt-sec:boolballotbox" contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:PreCommencementTenderOffer" id="Narr_uig9bN5-iUWN-jh5gxTqtA"><span style="font-family:'Segoe UI Symbol';font-size:10pt;">&#9744;</span></ix:nonNumeric><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;"> Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17 CFR 240.14d-2(b)) </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.11;margin:0pt 0pt 10pt 0pt;"><ix:nonNumeric format="ixt-sec:boolballotbox" contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:PreCommencementIssuerTenderOffer" id="Narr_QZn5f_br60OQkRgjSOq7yw"><span style="font-family:'Segoe UI Symbol';font-size:10pt;">&#9744;</span></ix:nonNumeric><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;"> Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17 CFR 240.13e-4(c)) </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.11;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">Securities registered pursuant to Section&#160;12(b)&#160;of the Act: </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin:0.5pt 0pt 0.5pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160;</span></p><a id="_af1ec796_eb10_48d6_ba67_562dfe5b1f10"></a><a id="Tc_D26PpwnzC0OA9UP6J7ovWQ_0_0"></a><a id="Tc_hJcbE-ae7k2ESUNdCO-IPQ_2_0"></a><a id="Tc_brsBfbsIY0aF5eEOb_bsDA_2_2"></a><a id="Tc_8UdMdEsJKUGzYJqZaXTBrw_2_4"></a><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:40.22%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';line-height:1.07;">.01</span></p></div></div></td><td style="vertical-align:top;width:2.13%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:15.02%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:bottom;width:2.13%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;width:40.48%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td></tr><tr style="height:1pt;"><td style="vertical-align:bottom;width:40.22%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:1pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160;</span></p></td><td style="vertical-align:top;width:2.13%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:1pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160;</span></p></td><td style="vertical-align:top;width:15.02%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:1pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160;</span></p></td><td style="vertical-align:bottom;width:2.13%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:1pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160;</span></p></td><td style="vertical-align:bottom;width:40.48%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:1pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160;</span></p></td></tr><tr><td style="vertical-align:bottom;width:40.22%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Title&#160;of&#160;each&#160;class:</b></p></td><td style="vertical-align:bottom;width:2.13%;border-bottom:1.0pt solid transparent;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">&#160;&#160;&#160;&#160;</b></p></td><td style="vertical-align:bottom;width:15.02%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Trading Symbols</b></p></td><td style="vertical-align:bottom;width:2.13%;border-bottom:1.0pt solid transparent;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">&#160;&#160;&#160;&#160;</b></p></td><td style="vertical-align:bottom;width:40.48%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Name&#160;of&#160;each&#160;exchange&#160;on&#160;which&#160;registered:</b></p></td></tr><tr><td style="vertical-align:top;width:40.22%;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_bd5QPCUxqEacYeQHUHAbFw" name="dei:Security12bTitle" id="Tc_jNk-o7zvyUGANnihUkCdwQ_3_0"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">Common Stock, $0.01 par value per share</b></ix:nonNumeric></p></td><td style="vertical-align:top;width:2.13%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160;</span></p></td><td style="vertical-align:top;width:15.02%;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_bd5QPCUxqEacYeQHUHAbFw" name="dei:TradingSymbol" id="Tc_XcB_0WOEyke9LwhBszHGww_3_2"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">CTO</b></ix:nonNumeric></p></td><td style="vertical-align:bottom;width:2.13%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160;</span></p></td><td style="vertical-align:top;width:40.48%;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><ix:nonNumeric format="ixt-sec:exchnameen" contextRef="Duration_12_2_2021_To_12_2_2021_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_bd5QPCUxqEacYeQHUHAbFw" name="dei:SecurityExchangeName" id="Tc_p0e8qvL3C0WgfmQEc1x14A_3_4"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">NYSE </b></ix:nonNumeric></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p></td></tr><tr><td style="vertical-align:top;width:40.22%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_us-gaap_StatementClassOfStockAxis_us-gaap_CumulativePreferredStockMember_A_IBF_xzjE67fmhrHO8VOQ" name="dei:Security12bTitle" id="Tc_nrBneGJ5GEGOnXl3oI0f5w_4_0"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">6.375% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share</b></ix:nonNumeric></p></td><td style="vertical-align:top;width:2.13%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:15.02%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_12_2_2021_To_12_2_2021_us-gaap_StatementClassOfStockAxis_us-gaap_CumulativePreferredStockMember_A_IBF_xzjE67fmhrHO8VOQ" name="dei:TradingSymbol" id="Tc_H2OUe1P780egCUmYkJjKnA_4_2"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">CTO PrA</b></ix:nonNumeric></p></td><td style="vertical-align:bottom;width:2.13%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:40.48%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><ix:nonNumeric format="ixt-sec:exchnameen" contextRef="Duration_12_2_2021_To_12_2_2021_us-gaap_StatementClassOfStockAxis_us-gaap_CumulativePreferredStockMember_A_IBF_xzjE67fmhrHO8VOQ" name="dei:SecurityExchangeName" id="Tc_kA2YOmAiyUKycaDeZ424NA_4_4"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">NYSE</b></ix:nonNumeric></p></td></tr></table><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160; </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 10pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule&#160;405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule&#160;12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt 0pt 10pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;">Emerging growth company </span><ix:nonNumeric format="ixt-sec:boolballotbox" contextRef="Duration_12_2_2021_To_12_2_2021_lajsaPSfwkqd_-fYEtb9dw" name="dei:EntityEmergingGrowthCompany" id="Narr_83abqJhC902DRNmCy2klhA"><span style="font-family:'Segoe UI Symbol';font-size:10pt;">&#9744;</span></ix:nonNumeric><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;"> </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&#160;13(a)&#160;of the Exchange Act.&#160;</span><span style="font-family:'Segoe UI Symbol';">&#9744;</span><span style="font-family:'Times New Roman','Times','serif';"> </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160; </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:1pt;line-height:1.19;border-bottom:3.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">&#160; </span></p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:76.47%;border:0;margin:30pt 11.76% 30pt 11.76%;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><a id="_5fa61d3c_b4e3_4e91_9c67_ad1074c12ecb"></a><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;padding-bottom:8pt;margin:0pt;"><b style="font-weight:bold;">Item 2.01. Completion of Acquisition or Disposition of Assets.</b></p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;padding-bottom:14pt;padding-top:6pt;text-align:justify;margin:0pt;">On June 23, 2021, CTO Realty Growth, Inc. (the &#8220;Company&#8221; or &#8220;CTO&#8221;) completed the acquisition of a mixed-use center in the Dallas-Fort Worth, Texas Metropolitan Area ( &#8220;The Shops at Legacy&#8221;) from an affiliate of an investment management company (the &#8220;Shops at Legacy Seller&#8221;) for a purchase price of $72.5 million. There is no material relationship between the Company or any director or officer of the Company, or any associate of any director or officer of the Company, and the Shops at Legacy Seller, other than with respect to the Company&#8217;s acquisition of The Shops at Legacy. The acquisition was funded using (a) available cash, (b) 1031 like-kind exchange proceeds generated from certain of the Company&#8217;s previously completed property dispositions, (c) proceeds from the Company&#8217;s partial exercise of its accordion option on its existing term loan, and (d) proceeds from the Company&#8217;s revolving credit facility, and was structured as a reverse like-kind exchange in order to account for possible future dispositions of income properties by the Company.</p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;padding-bottom:14pt;text-align:justify;margin:0pt;">On December 2, 2021, the Company completed the acquisition of a retail property in the Raleigh, North Carolina Metropolitan Area (&#8220;Beaver Creek Crossings&#8221;) from a partnership between (i) a real estate developer and owner and (ii) an institutional money manager (combined, the &#8220;Beaver Creek Seller&#8221;) for a purchase price of $70.5 million. There is no material relationship between the Company or any director or officer of the Company, or any associate of any director or officer of the Company, and the Beaver Creek Seller, other than with respect to the Company&#8217;s acquisition of Beaver Creek Crossings. The acquisition was funded using (a) available cash, (b) 1031 like-kind exchange proceeds generated from certain of the Company&#8217;s previously completed property dispositions, and (c) the Company&#8217;s revolving credit facility.</p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;padding-bottom:14pt;text-align:justify;margin:0pt;">This Current Report on Form 8-K includes the historical audited financial statements of Beaver Creek Crossings and the pro forma consolidated financial information required by Items 9.01(a) and 9.01(b) of Form 8 K related to The Shops at Legacy and Beaver Creek Crossings, collectively referred to herein as the &#8220;Properties&#8221;. The historical audited financial statements of The Shops at Legacy were filed on June 25, 2021 as Exhibit 99.2 to the Company&#8217;s Current Report on Form 8-K pursuant to the requirements under Item 9.01(a) of Form 8-K.</p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;padding-bottom:8pt;text-align:justify;margin:0pt;">The pro forma financial information included in this Current Report on Form 8 K has been presented for informational purposes only, as required by Form 8 K. It does not purport to represent the actual results of operations that the Company and the Properties would have achieved had the Company held the assets of the Properties during the periods presented in the pro forma financial information and is not intended to project the future results of operations that the Company may achieve after the acquisitions.</p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;padding-bottom:8pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">Item 7.01. Regulation FD Disclosure.</b></p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt;">On December 2, 2021, the Company issued a press release announcing the completion of the acquisition of Beaver Creek Crossings. A copy of the press release is attached hereto as Exhibit 99.3. &#160;The information contained in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.3, is being furnished and shall not be deemed &#8220;filed&#8221; for any purposes, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information shall not be incorporated by reference </p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:76.47%;border:0;margin:30pt 11.76% 30pt 11.76%;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt 0pt 8pt 0pt;">into any filing of the Company, whether made before or after the date hereof, unless it is specifically incorporated by reference therein.</p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;">Item 9.01. Financial Statements and Exhibits.</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri Light';font-size:10pt;font-weight:bold;line-height:1.19;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;">(a)&#160;Financial Statements of Business Acquired</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.28;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;">The financial statements that are required to be filed pursuant to this item are being filed herein on Form&#160;8-K.</span></p><p style="font-family:'Calibri Light';font-size:10pt;font-weight:bold;line-height:1.19;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;">(b) Pro Forma Financial Information</b></p><p style="font-family:'Calibri Light';font-size:10pt;font-weight:bold;line-height:1.19;margin:0pt 0pt 12pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:normal;">The pro forma financial information that is required to be filed pursuant to this item is being filed herein on Form 8 K.</span></p><p style="font-family:'Calibri Light';font-size:10pt;font-weight:bold;line-height:1.19;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;">(d)&#160;Exhibits</b></p><p style="font-family:'Calibri Light';font-size:10pt;font-weight:bold;line-height:1.19;margin:0pt 0pt 12pt 0pt;"><a style="-sec-extract:exhibit;" href="cto-20211202xex99d1.htm"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;line-height:1.19;text-align:left;">99.1 Pro Forma Financial Information</b></a></p><table style="border-collapse:collapse;font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:27.35pt;"></td><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;">Summary of Unaudited Pro Forma Consolidated Financial Statements</span></td></tr></table><table style="border-collapse:collapse;font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:27.35pt;"></td><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;">Unaudited Pro Forma Consolidated Balance Sheet of CTO Realty Growth, Inc. as of September 30, 2021</span></td></tr></table><table style="border-collapse:collapse;font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:27.35pt;"></td><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;">Unaudited Pro Forma Consolidated Statements of Operations of CTO Realty Growth, Inc. for the Nine Months Ended September 30, 2021 and the Year Ended December 31, 2020</span></td></tr></table><table style="border-collapse:collapse;font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:27.35pt;"></td><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;">Notes&#160;to Unaudited Pro Forma Consolidated Financial Statements</span></td></tr></table><div style="margin-top:12pt;"></div><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.28;margin:0pt 0pt 12pt 0pt;"><a style="-sec-extract:exhibit;" href="cto-20211202xex99d2.htm"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;line-height:1.28;text-align:left;">99.2 Audited Financial Statements</b></a></p><table style="border-collapse:collapse;font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:27.35pt;"></td><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;">Report of Independent Certified Public Accountants</span></td></tr></table><table style="border-collapse:collapse;font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:27.35pt;"></td><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;">Historical Summary of Revenues and Direct Costs of Revenues of </span><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;">Beaver Creek Crossings</span><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;"> for the nine months ended September 30, 2021 (Unaudited) and the year ended December 31, 2020 (Audited)</span></td></tr></table><table style="border-collapse:collapse;font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:27.35pt;"></td><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;">Notes to Historical Summary of Revenues and Direct Costs of Revenues</span></td></tr></table><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt 0pt 0pt 45.35pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-left:0pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.28;margin:0pt 0pt 12pt 0pt;"><a style="-sec-extract:exhibit;" href="cto-20211202xex99d3.htm"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;line-height:1.28;text-align:left;">99.3 Press Release</b></a><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;"> </b></p><table style="border-collapse:collapse;font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:27.35pt;"></td><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;">Press Release dated December 2, 2021 regarding the Acquisition of Beaver Creek </span><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;">Crossings</span><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;"> for $70.5 Million</span></td></tr></table><p style="font-family:'Calibri Light';font-size:10pt;font-weight:bold;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:normal;margin-bottom:12pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri Light';font-size:10pt;font-weight:bold;line-height:1.19;margin:0pt 0pt 12pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:normal;">104 Cover Page Interactive Data File (embedded within the Inline XBRL document)</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.28;padding-bottom:12pt;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;padding-bottom:8pt;margin:0pt;"><span style="margin-bottom:5pt;visibility:hidden;">&#8203;</span></p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;padding-bottom:8pt;margin:0pt;"><span style="margin-bottom:5pt;visibility:hidden;">&#8203;</span></p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt 0pt 8pt 0pt;"><span style="margin-bottom:5pt;visibility:hidden;">&#8203;</span></p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:76.47%;border:0;margin:30pt 11.76% 30pt 11.76%;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;">SIGNATURES</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;">Date:&#160;December 3, 2021</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;">CTO Realty Growth, Inc.</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">By: </span><span style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">/s/Matthew M. Partridge  </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">Matthew M. Partridge</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">Senior&#160;Vice&#160;President,&#160;Chief&#160;Financial&#160;Officer and Treasurer</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">(Principal Financial Officer)</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;">&#160; </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><span style="visibility:hidden;">&#8203;</span></p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:avoid;width:76.47%;border:0;"></div></body></html>
[{"type": "8-K", "sequence": "1", "filename": "cto-20211202x8k.htm", "description": "8-K", "secsgml_size_bytes": 54962}]
{"company-data": {"conformed-name": "CTO Realty Growth, Inc.", "cik": "0000023795", "assigned-sic": "6798", "irs-number": "590483700", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-11350", "film-number": "211471185"}, "business-address": {"street1": "1140 NORTH WILLIAMSON BLVD., STE. 140", "city": "DAYTONA BEACH", "state": "FL", "zip": "32114", "phone": "386-274-2202"}, "mail-address": {"street1": "PO BOX 10809", "city": "DAYTONA BEACH", "state": "FL", "zip": "32120-0809"}, "former-company": [{"former-conformed-name": "CTO Realty Growth Inc.", "date-changed": "20200508"}, {"former-conformed-name": "CONSOLIDATED TOMOKA LAND CO", "date-changed": "19920703"}]}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 2, 2021
CTO Realty Growth, Inc.
(Exact name of registrant as specified in its charter)
​
​
​
​
​
​
Maryland
(State or other jurisdiction of incorporation)
001-11350
(Commission File Number)
59-0483700
(IRS Employer Identification No.)
1140 N. Williamson Blvd.
,
Suite 140
Daytona Beach
,
Florida
(Address of principal executive offices)
32114
(Zip Code)
Registrant's telephone number, including area code:
(
386
)
274-2202
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
.01
Title of each class:
Trading Symbols
Name of each exchange on which registered:
Common Stock, $0.01 par value per share
CTO
NYSE
​
6.375% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share
​
​
CTO PrA
​
​
NYSE
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 2.01. Completion of Acquisition or Disposition of Assets.
On June 23, 2021, CTO Realty Growth, Inc. (the "Company" or "CTO") completed the acquisition of a mixed-use center in the Dallas-Fort Worth, Texas Metropolitan Area ( "The Shops at Legacy") from an affiliate of an investment management company (the "Shops at Legacy Seller") for a purchase price of $72.5 million. There is no material relationship between the Company or any director or officer of the Company, or any associate of any director or officer of the Company, and the Shops at Legacy Seller, other than with respect to the Company's acquisition of The Shops at Legacy. The acquisition was funded using (a) available cash, (b) 1031 like-kind exchange proceeds generated from certain of the Company's previously completed property dispositions, (c) proceeds from the Company's partial exercise of its accordion option on its existing term loan, and (d) proceeds from the Company's revolving credit facility, and was structured as a reverse like-kind exchange in order to account for possible future dispositions of income properties by the Company.
On December 2, 2021, the Company completed the acquisition of a retail property in the Raleigh, North Carolina Metropolitan Area ("Beaver Creek Crossings") from a partnership between (i) a real estate developer and owner and (ii) an institutional money manager (combined, the "Beaver Creek Seller") for a purchase price of $70.5 million. There is no material relationship between the Company or any director or officer of the Company, or any associate of any director or officer of the Company, and the Beaver Creek Seller, other than with respect to the Company's acquisition of Beaver Creek Crossings. The acquisition was funded using (a) available cash, (b) 1031 like-kind exchange proceeds generated from certain of the Company's previously completed property dispositions, and (c) the Company's revolving credit facility.
This Current Report on Form 8-K includes the historical audited financial statements of Beaver Creek Crossings and the pro forma consolidated financial information required by Items 9.01(a) and 9.01(b) of Form 8 K related to The Shops at Legacy and Beaver Creek Crossings, collectively referred to herein as the "Properties". The historical audited financial statements of The Shops at Legacy were filed on June 25, 2021 as Exhibit 99.2 to the Company's Current Report on Form 8-K pursuant to the requirements under Item 9.01(a) of Form 8-K.
The pro forma financial information included in this Current Report on Form 8 K has been presented for informational purposes only, as required by Form 8 K. It does not purport to represent the actual results of operations that the Company and the Properties would have achieved had the Company held the assets of the Properties during the periods presented in the pro forma financial information and is not intended to project the future results of operations that the Company may achieve after the acquisitions.
Item 7.01. Regulation FD Disclosure.
On December 2, 2021, the Company issued a press release announcing the completion of the acquisition of Beaver Creek Crossings. A copy of the press release is attached hereto as Exhibit 99.3.  The information contained in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.3, is being furnished and shall not be deemed "filed" for any purposes, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information shall not be incorporated by reference
into any filing of the Company, whether made before or after the date hereof, unless it is specifically incorporated by reference therein.
Item 9.01. Financial Statements and Exhibits.
​
(a) Financial Statements of Business Acquired
The financial statements that are required to be filed pursuant to this item are being filed herein on Form 8-K.
(b) Pro Forma Financial Information
The pro forma financial information that is required to be filed pursuant to this item is being filed herein on Form 8 K.
(d) Exhibits
99.1 Pro Forma Financial Information
●
Summary of Unaudited Pro Forma Consolidated Financial Statements
●
Unaudited Pro Forma Consolidated Balance Sheet of CTO Realty Growth, Inc. as of September 30, 2021
●
Unaudited Pro Forma Consolidated Statements of Operations of CTO Realty Growth, Inc. for the Nine Months Ended September 30, 2021 and the Year Ended December 31, 2020
●
Notes to Unaudited Pro Forma Consolidated Financial Statements
99.2 Audited Financial Statements
●
Report of Independent Certified Public Accountants
●
Historical Summary of Revenues and Direct Costs of Revenues of
Beaver Creek Crossings
for the nine months ended September 30, 2021 (Unaudited) and the year ended December 31, 2020 (Audited)
●
Notes to Historical Summary of Revenues and Direct Costs of Revenues
​
99.3 Press Release
●
Press Release dated December 2, 2021 regarding the Acquisition of Beaver Creek
Crossings
for $70.5 Million
​
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
​
​
​
​
SIGNATURES
​
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
​
Date: December 3, 2021
​
CTO Realty Growth, Inc.
​
By:
/s/Matthew M. Partridge
Matthew M. Partridge
Senior Vice President, Chief Financial Officer and Treasurer
(Principal Financial Officer)
​
​
​