REIT that invests in single-tenant net leased commercial properties across various sectors.
Alpine Income Property Trust, Inc. (NYSE: PINE) operates as a real estate investment trust (REIT) specializing in a diversified portfolio of commercial net lease properties. Established on August 19, 2019, Alpine owns and manages a robust collection of high-quality assets across various sectors.
The company is structured as a Maryland corporation and is externally managed by Alpine Income Property Manager, LLC. This subsidiary is wholly owned by CTO Realty Growth, Inc. (NYSE: CTO), a publicly traded REIT. CTO serves as the sole member of Alpine's management entity, overseeing strategic operations and asset management.
Alpine Income Property Trust focuses on net lease properties, where tenants typically assume responsibility for property expenses such as taxes, insurance, and maintenance. This structure allows Alpine to benefit from predictable cash flows and reduced operational risk. The portfolio spans a range of commercial sectors, ensuring diversification and resilience against market fluctuations.
With a commitment to enhancing shareholder value, Alpine leverages the expertise of its management team and the resources of CTO Realty Growth to identify strategic investment opportunities. By maintaining a disciplined approach to property acquisition and management, Alpine aims to deliver consistent returns and sustainable growth in the dynamic real estate market.