NewsMV
Alpine Income Property Trust, Inc. (PINE) has entered into a definitive agreement to purchase a portfolio of 13 industrial properties for an aggregate price of $117.3 million.
The Maryland corporation signed the Purchase and Sale Agreement on October 5, 2026, through a wholly owned subsidiary of its operating partnership.
The target assets are located across 11 states and are being acquired from an institutional owner. The company stated that its $1.0 million earnest money deposit became non-refundable on October 9, 2026.
As a result, Alpine Income Property Trust now deems the closing of the acquisition probable.
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