Real Estate
John Albright
PRESIDENT & CEO, CTO REALTY GROWTH AND ALPINE INCOME PROPERTY TRUST, WINTER PARK
Albright has been CTO president and CEO since 2011, previously serving as managing director at Archon Capital and at Morgan Stanley. Under his leadership, publicly traded CTO continues investing in income-generating properties, such as the $68.7 million purchase of the Marketplace at Seminole Towne Center outside Orlando. The property offers a “stable income stream and growth potential,” Albright says, which is consistent with efforts to sell off undeveloped land and focus on income-generating properties in the Southeast and Southwest. In April, the company offered 1.5 million shares of its 6.375% Series A Cumulative Redeemable Preferred Stock for $20 per share, planning to use the proceeds for “general corporate and working capital purposes, which may include property acquisitions, commercial loan and investment opportunities and repayment of debt.”