UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 4, 2013
Consolidated-Tomoka Land Co.
(Exact name of registrant as specified in its charter)
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Florida
(State or other jurisdiction of incorporation)
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001-11350
(Commission File Number)
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59-0483700
(IRS Employer Identification No.)
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1530 Cornerstone Boulevard, Suite 100
Daytona Beach, Florida
(Address of principal executive offices)
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32117
(Zip Code)
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Registrant’s telephone number, including area code: (386) 274-2202
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Not Applicable
(Former name or former address, if changed since last report.)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events
On December 14, 2012, Consolidated-Tomoka Land Co., a Florida Corporation, issued a press release relating to the Company’s acquisition of five triple net lease properties for $12.8 million in Orange County, California that are leased to Bank of America.
On January 4, 2013, Consolidated-Tomoka Land Co., a Florida Corporation, issued a press release relating to the Company's acquisition of four triple net lease properties for $8.0 million in Los Angeles and Orange County California that are leased to Bank of America.
Item 9.01. Financial Statements and Exhibits
The following exhibits are furnished herewith pursuant to Item 8.01 of this Report and shall not be deemed to be “filed” for any purpose, including for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
(c) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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CONSOLIDATED-TOMOKA LAND CO.
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Date: January 9, 2013
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/s/ Mark E. Patten
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Mark E. Patten, Senior Vice President and Chief Financial Officer
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Press
Release
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Contact:
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Mark E. Patten, Sr. Vice President & Chief Financial Officer mpatten@ctlc.com
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Phone:
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(386) 944-5643
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Facsimile:
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(386) 274-1223
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FOR
IMMEDIATE
RELEASE
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CONSOLIDATED TOMOKA ACQUIRES FIVE TRIPLE NET PROPERTIES FOR $12.8 MILLION IN ORANGE COUNTY, CA
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December 14, 2012 - DAYTONA BEACH, FLORIDA - Consolidated-Tomoka Land Co. (NYSE MKT: CTO) announced today it has acquired five properties leased to Bank of America, N.A., in Orange County, California for $12.8 million.
The five properties are leased to Bank of America, N.A., with an initial term of 15 years.
John P. Albright, President and Chief Executive Officer of the Company stated, “We are pleased to have completed the acquisition of additional high quality income properties in a new market with a new credit tenant, bringing our single tenant portfolio to thirty-one properties in seven states.” He also noted, “We continue to grow our income property portfolio and diversify with respect to both tenants and markets as demonstrated through our $25.7 million of acquisitions in eight properties in 2012.”
About Consolidated-Tomoka Land Co.
Consolidated-Tomoka Land Co. is a Florida-based publicly traded real estate company, which owns a portfolio of income properties in diversified markets in the United States as well as over 11,000 acres in the Daytona Beach area. Visit our website at www.ctlc.com.
"SAFE HARBOR"
Certain statements contained in this press release (other than statements of historical fact) are forward-looking statements. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “will,” “could,” “may,” “should,” “plan,” “potential,” “predict,” “forecast,” “project,” and similar expressions and variations thereof identify certain of such forward-looking statements, which speak only as of the dates on which they were made. Forward-looking statements are made based upon management’s expectations and beliefs concerning future developments and their potential effect upon the Company. There can be no assurance that future developments will be in accordance with management’s expectations or that the effect of future developments on the Company will be those anticipated by management.
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Press
Release
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Contact:
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Mark E. Patten, Sr. Vice President & Chief Financial Officer mpatten@ctlc.com
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Phone:
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(386) 944-5643
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Facsimile:
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(386) 274-1223
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FOR
IMMEDIATE
RELEASE
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CONSOLIDATED TOMOKA ACQUIRES FOUR TRIPLE NET PROPERTIES FOR $8.0 MILLION IN LOS ANGELES COUNTY AND ORANGE COUNTY, CA
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January 4, 2013 - DAYTONA BEACH, FLORIDA - Consolidated-Tomoka Land Co. (NYSE MKT: CTO) announced today it has acquired four properties leased to Bank of America, N.A., in both Los Angeles County and Orange County, California for $8.0 million.
The four properties are leased to Bank of America, N.A., with an initial term of 15 years.
Including the five-property acquisition completed in December 2012, Consolidated-Tomoka Land Co. purchased a total of nine properties leased to Bank of America, N.A. for approximately $20.8 million. The properties are located in both Los Angeles County and Orange County, California.
John P. Albright, President and Chief Executive Officer of the Company stated, “We are pleased to have completed this acquisition, which brings our single tenant portfolio to thirty-five properties in seven states.” He also stated, “We continue to grow our single tenant portfolio and broaden the portfolio through diversity in geography and credit.”
About Consolidated-Tomoka Land Co.
Consolidated-Tomoka Land Co. is a Florida-based publicly traded real estate company, which owns a portfolio of income properties in diversified markets in the United States as well as over 11,000 acres in the Daytona Beach area. Visit our website at www.ctlc.com.
"SAFE HARBOR"
Certain statements contained in this press release (other than statements of historical fact) are forward-looking statements. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “will,” “could,” “may,” “should,” “plan,” “potential,” “predict,” “forecast,” “project,” and similar expressions and variations thereof identify certain of such forward-looking statements, which speak only as of the dates on which they were made. Forward-looking statements are made based upon management’s expectations and beliefs concerning future developments and their potential effect upon the Company. There can be no assurance that future developments will be in accordance with management’s expectations or that the effect of future developments on the Company will be those anticipated by management.
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