DAYTONA BEACH, Fla., Feb. 19, 2020 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced the acquisition of a net-leased retail income property for a purchase price of approximately $7.06 million.
Including this single-tenant net leased retail income property, the Company's portfolio now consists of 25 properties located in 18 markets and 12 states across 14 industries, with a weighted average remaining lease term of 8.5 years. The Company has acquired approximately $27.6 million of single-tenant net leased properties year-to-date.
About Alpine Income Property Trust, Inc.
Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties.
We encourage you to visit our website at www.alpinereit.com.
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