Alpine Income's 2024 Investment Activity Reaches $134.7 Million

Alpine Income Property Trust (PINE) announced the acquisition of a property leased to Lowe’s Home Improvement (LOW) in Knoxville, TN, alongside a strong year-end summary of its investment and disposition activities.PINE’s $22.5 million purchase of the Lowe’s property in December 2024 reflects the company’s focus on acquiring properties with long lease terms and strong tenant creditworthiness. The lease, which extends for approximately 13 years, ensures stable cash flow from an investment-grade tenant with a ...