An unknown buyer acquired Two net lease properties from Alpine Income Property Trust, Inc. for $8.7 million.
February 07, 2024
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An unknown buyer acquired Two net lease properties from Alpine Income Property Trust, Inc. for $8.7 million during the three months ended December 31, 2023.
An unknown buyer completed the acqsuition of Two net lease properties from Alpine Income Property Trust, Inc. during the three months ended December 31, 2023.
Alpine Income Property Trust, Inc. is a real estate investment trust. The Company seeks to deliver risk-adjusted returns and cash dividends by investing in, owning, and operating a portfolio of single tenant net leased properties that are predominately leased to publicly traded and credit-rated tenants. The Companyâs primary objective is to maximize cash flow and value per share by generating stable and growing cash flows and risk-adjusted returns through the ownership, operation, and growth through acquisition of a diversified portfolio of net leased commercial properties with a long-term real estate fundamental and through the investment of commercial loans secured by commercial real estate. The Company operates through two segments: income properties and commercial loans and investments. The 138 properties in the Companyâs portfolio represents approximately 3.8 million of gross rentable square feet with leases that have a weighted average lease term of seven years.
ALPINE INCOME PROPERTY TRUST, INC. 
