Alpine Income Property Trust to acquire 13‑property industrial portfolio for $117.3 million
+1 new source since this summary was written
Alpine Income Property Trust announced an agreement to purchase a 13‑property industrial portfolio comprising about 1.9 million square feet of fully leased space. The transaction is priced at $117.3 million, or roughly $63 per square foot, and covers assets in 11 states. Closing is expected in the fourth quarter of 2026, subject to customary conditions.
Why it matters
The acquisition expands Alpine's industrial footprint and adds approximately 1.9 million square feet of leased space, potentially increasing its rental income and diversification across 11 states. The deal’s price of $63 per square foot may be viewed as a value‑add relative to market averages, which could improve the trust’s net asset value once the transaction closes.
Key facts
- 1Alpine Income Property Trust agreed to buy a 13‑property industrial portfolio for $117.3 million. tradingview.com
- 2The portfolio comprises roughly 1.9 million square feet of fully leased space. tradingview.com
- 3The average lease term of the properties is 10.2 years. tradingview.com
- 4The transaction price equals about $63 per square foot. seekingalpha.com
- 5The assets are located across 11 states. seekingalpha.com
- 6Closing is expected in the fourth quarter of 2026, pending customary conditions. tradingview.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.