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Consolidated Tomoka Announces Contract for Potential Disposition of a Portfolio of 14 Income Properties and Disposition of Investment Securities

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DAYTONA BEACH, Fla.--(BUSINESS WIRE)--Consolidated-Tomoka Land Co. (NYSE MKT:CTO) (the “Company”) today announced the execution of a definitive agreement for the sale of a portfolio of 14 core income properties, along with the completion of the disposition of certain investment securities. On March 28, 2016 the Company entered into a purchase and sale agreement for the sale of a portfolio of 14 single-tenant income properties (the “Portfolio Sale”). The properties include nine properties leased


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