5/30/2020 | By Afia Nyarko Boone and Katelyn Rowland
Nareit is pleased to welcome a new corporate member.
Alpine Income Property Trust, Inc. is a newly organized real estate company that owns and operates a portfolio of high-quality single-tenant net lease 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. The company’s portfolio consists of 29 assets, occupied by 23 tenants in 15 industries across 19 markets and 13 states. PINE intends to elect to be taxed as a REIT, for U.S. federal income tax purposes.