CTO Realty Growth Completes Merger in Connection With REIT Conversion
Vinson & Elkins advised CTO Realty Growth (CTO) in the completion of the merger of CTO with and into CTO NEWCO REIT, Inc., a wholly owned subsidiary of CTO (the “Merger”).
The Merger was undertaken in connection with CTO’s previously announced plan for CTO to elect to be subject to tax as a REIT for U.S. federal income tax purposes commencing with its taxable year ended December 31, 2020.
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