Hunton Andrews Kurth Advises Underwriters on $150 Million At-the-Market Offering by CTO Realty Growth, Inc.

Hunton Andrews Kurth LLP represented the underwriters in connection with a $150 million public at-the-market (ATM) offering of common stock by CTO Realty Growth, Inc. The offering also included an equity forward component. 

CTO Realty Growth, Inc. (NYSE: CTO) is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States. CTO also owns an approximate 15% interest in Alpine Income Property Trust, Inc. (NYSE: PINE), a publicly traded net lease REIT.

The Hunton Andrews Kurth team advising on the transaction was led by partner James Davidson and included associates Alexa Williams and Casey Shaw. Tax advice was provided by partner Kendal Sibley, counsel Anna Page and associate Patrick Tricker. Derivatives advice was provided by partner Christian Pugaczewski.