Alpine Income Property Trust (PINE) closed a $20.7 million transaction on November 20 2025 for three parcels totaling 177,441 sq ft on 14 acres in Richmond, Virginia. The deal includes an 8‑acre ground lease for a Walmart Supercenter, a four‑tenant triple‑net building anchored by a TJ Maxx store, and an additional ground‑leased outparcel. All three properties are fully leased, giving PINE immediate, predictable cash flow from high‑credit tenants.
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Alpine Income Property Trust closed a $15.4 million transaction for a 131,039‑square‑foot property in Houston, Texas, that is net‑leased to Sam’s Club, a subsidiary of Walmart. The 12‑acre site is now the REIT’s fifth‑largest tenant by annualized base rent and adds an AA‑rated, investment‑grade tenant to its portfolio.
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Alpine Income Property Trust (PINE) announced today the launch of a public offering of its Series A Cumulative Redeemable Preferred Stock, with a $25.00 per share liquidation preference. The new equity vehicle is designed to raise capital that can be deployed across a range of corporate initiatives, including property acquisitions, commercial loan and investment opportunities, and repayment of existing debt.
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