Alpine Income Property Trust agrees to buy 13-property industrial portfolio for $117.3 million

Bitget2026/10/09 20:06

Alpine Income Property Trust entered a deal to buy a 13-property industrial portfolio for $117.3 million, or $63 per square foot. Portfolio totals about 1.9 million square feet across 11 states, fully leased under absolute triple-net terms. Weighted average remaining lease term is 10.2 years; no expirations before late 2031. Closing targeted for the fourth quarter of 2026. Funding planned via the revolving credit facility, select asset sales, commercial loan repayments. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alpine Income Property Trust Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610091605PRIMZONEFULLFEED9843222) on October 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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