{"id":1015996,"date":"2026-11-02T07:22:57","date_gmt":"2026-11-02T12:22:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/alpine-income-property-trust-completes-acquisition-of-13-property-industrial-portfolio-for-117-3-million\/"},"modified":"2026-11-02T07:22:57","modified_gmt":"2026-11-02T12:22:57","slug":"alpine-income-property-trust-completes-acquisition-of-13-property-industrial-portfolio-for-117-3-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/alpine-income-property-trust-completes-acquisition-of-13-property-industrial-portfolio-for-117-3-million\/","title":{"rendered":"Alpine Income Property Trust Completes Acquisition of 13-Property Industrial Portfolio for $117.3 Million"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">WINTER PARK, Fla., Nov.  02, 2026  (GLOBE NEWSWIRE) &#8212; Alpine Income Property Trust, Inc. (NYSE: PINE) (the &#8220;Company&#8221;), an owner and operator of single-tenant net leased commercial income properties, today announced that it has completed the acquisition of the previously announced 13-property industrial portfolio for $117.3 million, or $63 per square foot. The portfolio totals approximately 1.9 million square feet across 209 acres in 11 states and is 100% leased to nine tenants under absolute triple-net leases.<\/p>\n<p align=\"justify\">&#8220;With 10.2 years of weighted average remaining lease term and annual rent escalators built into the leases, this portfolio of mission-critical manufacturing and distribution facilities delivers an attractive initial yield with future cash flow growth,&#8221; said John P. Albright, President and Chief Executive Officer of Alpine Income Property Trust.<\/p>\n<p align=\"justify\">The Company funded the acquisition with borrowings under its revolving credit facility.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>About Alpine Income Property Trust, Inc.<\/u><br \/>\n        <\/strong>\u00a0<\/p>\n<p align=\"justify\">Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased commercial income properties that are predominately leased to high-quality publicly traded and credit-rated tenants. The Company also complements its income property portfolio by strategically investing in a select portfolio of commercial loan investments intended to deliver an attractive risk-adjusted return.<\/p>\n<p align=\"justify\">We encourage you to review our most recent investor presentation which is available on our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=WWnSnLcscYyNAgKwX0_pzyq8rK9_EfByzzGTemwyc24UKLfcQrzJw_z6V1eU8BVKEYSHms3tk72y7y7bptMjPgYL2r0jB0JNvf2AtkdXxZ0=\" rel=\"nofollow\" target=\"_blank\">http:\/\/www.alpinereit.com<\/a>.\u00a0\u00a0<\/p>\n<p>\n        <strong><br \/>\n          <u>Safe Harbor<\/u><br \/>\n        <\/strong>\u00a0<\/p>\n<p align=\"justify\">This press release may contain \u201cforward-looking statements.\u201d Forward-looking statements include statements that may be identified by words such as \u201cpotential,\u201d \u201coutlook,\u201d \u201ccould,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201clikely,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cseeks,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201ccontinues,\u201d \u201cprojects\u201d and similar references to future periods, or by the inclusion of forecasts or projections. Statements, among others, relating to the anticipated benefits of the Company\u2019s acquisition of the industrial portfolio and potential future cash flow growth are forward-looking statements. Forward-looking statements are based on the Company\u2019s current expectations and assumptions regarding capital market conditions, the Company\u2019s business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company\u2019s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include general business and economic conditions, continued volatility and uncertainty in the credit markets and broader financial markets, geopolitical conflicts, tariffs and international trade policies, risks inherent in the real estate business, including tenant or borrower defaults, potential liability relating to environmental matters, credit risk associated with the Company investing in commercial loans and investments, illiquidity of real estate investments and potential damages from natural disasters, the impact of epidemics or pandemics on the Company\u2019s business and the businesses of its tenants and borrowers and the impact of such epidemics or pandemics on the U.S. economy and market conditions generally, other factors affecting the Company\u2019s business or the businesses of its tenants and borrowers that are beyond the control of the Company or its tenants or borrowers, and the factors set forth under \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2025 and other risks and uncertainties discussed from time to time in the Company\u2019s filings with the U.S. Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg1NzQyNSM3OTI3ODM1IzUwMDA2OTQ4Ng==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YTcxYWQzNDMtZDc0MC00OWUxLWI5OTItZDlkMjNhOTlhNTJkLTUwMDA2OTQ4Ni0yMDI2LTExLTAyLWVu\/tiny\/Alpine-Income-Property-Trust.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Contact:\r\nInvestor Relations\r\nir@alpinereit.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WINTER PARK, Fla., Nov. 02, 2026 (GLOBE NEWSWIRE) &#8212; Alpine Income Property Trust, Inc. (NYSE: PINE) (the &#8220;Company&#8221;), an owner and operator of single-tenant net leased commercial income properties, today announced that it has completed the acquisition of the previously announced 13-property industrial portfolio for $117.3 million, or $63 per square foot. The portfolio totals approximately 1.9 million square feet across 209 acres in 11 states and is 100% leased to nine tenants under absolute triple-net leases. &#8220;With 10.2 years of weighted average remaining lease term and annual rent escalators built into the leases, this portfolio of mission-critical manufacturing and distribution facilities delivers an attractive initial yield with future cash flow growth,&#8221; said John P. Albright, President and Chief Executive &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/alpine-income-property-trust-completes-acquisition-of-13-property-industrial-portfolio-for-117-3-million\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Alpine Income Property Trust Completes Acquisition of 13-Property Industrial Portfolio for $117.3 Million&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1015996","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Alpine Income Property Trust Completes Acquisition of 13-Property Industrial Portfolio for $117.3 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/alpine-income-property-trust-completes-acquisition-of-13-property-industrial-portfolio-for-117-3-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alpine Income Property Trust Completes Acquisition of 13-Property Industrial Portfolio for $117.3 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"WINTER PARK, Fla., Nov. 02, 2026 (GLOBE NEWSWIRE) &#8212; Alpine Income Property Trust, Inc. (NYSE: PINE) (the &#8220;Company&#8221;), an owner and operator of single-tenant net leased commercial income properties, today announced that it has completed the acquisition of the previously announced 13-property industrial portfolio for $117.3 million, or $63 per square foot. The portfolio totals approximately 1.9 million square feet across 209 acres in 11 states and is 100% leased to nine tenants under absolute triple-net leases. &#8220;With 10.2 years of weighted average remaining lease term and annual rent escalators built into the leases, this portfolio of mission-critical manufacturing and distribution facilities delivers an attractive initial yield with future cash flow growth,&#8221; said John P. Albright, President and Chief Executive &hellip; Continue reading &quot;Alpine Income Property Trust Completes Acquisition of 13-Property Industrial Portfolio for $117.3 Million&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/alpine-income-property-trust-completes-acquisition-of-13-property-industrial-portfolio-for-117-3-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-02T12:22:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg1NzQyNSM3OTI3ODM1IzUwMDA2OTQ4Ng==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alpine-income-property-trust-completes-acquisition-of-13-property-industrial-portfolio-for-117-3-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alpine-income-property-trust-completes-acquisition-of-13-property-industrial-portfolio-for-117-3-million\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Alpine Income Property Trust Completes Acquisition of 13-Property Industrial Portfolio for $117.3 Million\",\"datePublished\":\"2026-11-02T12:22:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alpine-income-property-trust-completes-acquisition-of-13-property-industrial-portfolio-for-117-3-million\\\/\"},\"wordCount\":628,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alpine-income-property-trust-completes-acquisition-of-13-property-industrial-portfolio-for-117-3-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTg1NzQyNSM3OTI3ODM1IzUwMDA2OTQ4Ng==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alpine-income-property-trust-completes-acquisition-of-13-property-industrial-portfolio-for-117-3-million\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alpine-income-property-trust-completes-acquisition-of-13-property-industrial-portfolio-for-117-3-million\\\/\",\"name\":\"Alpine Income Property Trust Completes Acquisition of 13-Property Industrial Portfolio for $117.3 Million - 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