Income Property Portfolio

Alpine Income Property Trust, Inc. (NYSE: PINE) is a newly organized real estate company that owns and operates a high-quality portfolio of single-tenant commercial properties, all of which are leased on a long-term basis and located primarily in or in close proximity to major metropolitan statistical areas. Properties representing approximately 82% of PINE’s initial portfolio’s annualized base rent as of September 30, 2019 are leased on a triple-net basis.  PINE intends to elect to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes. Currently the company has 20 income properties totaling approximately 816,626 square feet, located in 10 states across the U.S.