CTO
Approximately $125.9 million
2019
Purchase of 20 single-tenant net lease properties from CTO in formation transactions, 15 of them for cash.
With the Company
Open in proxy
Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.
Purchase of 20 single-tenant net lease properties from CTO in formation transactions, 15 of them for cash.
Contribution of five properties by CTO to the Operating Partnership in exchange for 1,223,854 OP Units.
CTO investment in Company shares through the IPO and a concurrent private placement.
Management Agreement under which the Manager manages day-to-day operations, as amended July 18, 2024.
Base management fees paid to the Manager under the Management Agreement.
Reimbursement of expenses incurred by the Manager on the Company's behalf.
Exclusivity and right of first offer agreement restricting CTO's acquisition of single-tenant net leased properties.
Acquisition of the Oceanside Property from a subsidiary of CTO under the Exclusivity and ROFO Agreement.
Revenue Sharing Agreement under which the Company receives a share of fees CTO earns from managing the Portfolio Loan assets.
CTO increased its commitment under the CTO Rivana Loan to $59.45 million in connection with the PINE Rivana Loan.
Registration rights agreement requiring the Company to register resale of shares held by CTO.
Tax Protection Agreement under which the Company may indemnify CTO and Indigo for tax liabilities on dispositions of Contributed Properties.
Waiver granted to CTO allowing it to own up to 11% of outstanding common stock.
Indemnification agreements obligating the Company to indemnify directors and executive officers.
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