CTO Realty Growth Acquires Kansas City Property for $63.3M

Key Facts

1CTO Realty Growth acquired the Zona Rosa mixed-use center in Kansas City for $63.3 million.

2The 768,000-square-foot property is 67% leased and includes major tenants like Dick’s Sporting Goods.

3The company's year-to-date property acquisition volume has exceeded $200 million.

In a move reflecting ongoing expansion within the U.S. commercial real estate sector, CTO Realty Growth has completed the acquisition of the Zona Rosa center in Kansas City. The transaction was valued at $63.3 million for the 768,000-square-foot mixed-use property. This acquisition adds assets featuring major tenants such as Dick’s Sporting Goods to the company's portfolio, despite the property currently being 67% leased.

According to reports, this acquisition marks a significant milestone for the company’s activity this year, as CTO Realty Growth's total property acquisition volume for 2026 has now exceeded $200 million. These expansions occur amid mixed market sentiment in the broader housing sector, where the UK RICS House Price Balance stood at -28 on September 9, and U.S. Existing Home Sales were reported at 3.98 million units as of September 10.

CTO stock stood at $20.86 (close September 14, 2026), having traded within a daily range of $20.7 to $21.03. Investors will likely watch the company's ability to improve occupancy levels at the new site to drive rental income. Regarding the economic calendar, there are no immediate upcoming catalysts for the U.S. real estate sector following the recent release of housing sales and mortgage rate data.