Alpine me Property Trust-Alpine Income Property Trust Announces Updated Year-To-Date 2024 Transaction Activity

WINTER PARK, Fla., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") today announced updated year-to-date 2024 investment and disposition activities. 2024 Investment Activity During the third quarter, the Company acquired four net leased retail properties for $37.5 million at a weighted average initial cap rate of 8.8%. Three properties, all located in the greater Tampa Bay, FL area, were purchased for$ 31.4 million as a sale-leaseback transaction with a subsid ...