Core Viewpoint - Alpine Income Property Trust, Inc. has successfully sold its former Century Theater Center in Reno, NV for $5.0 million, which is expected to positively impact the company's earnings and portfolio occupancy [1][3]. Group 1: Transaction Details - The sale price of the property was $5.0 million, with the company providing seller financing of $4.0 million at an annual interest rate of 8.00% for a term of two years [1]. - The property spans 52,474 square feet on 1.4 acres and has been almost entirely vacant since the departure of Century Theater in November 2024 [2]. Group 2: Financial Impact - The transaction is expected to be accretive to earnings by eliminating the previous carrying costs associated with the property, with partial benefits anticipated in the current year's results and full impact expected next year [3]. - Following the sale, the company's portfolio occupancy increased to 99.4%, enhancing overall performance [3]. Group 3: Company Overview - Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust focused on delivering attractive risk-adjusted returns and dependable cash dividends by investing in single tenant net leased commercial properties, primarily leased to high-quality publicly traded and credit-rated tenants [3].