Alpine Income Property Trust Announces $24.0 Million First Mortgage Loan Investment
Alpine Income Property Trust (NYSE: PINE) has announced a $24.0 million first mortgage loan investment with an 11.0% interest rate and 24-month term. The loan will fund the redevelopment of a former retail building into an industrial asset located in San Francisco's East Bay submarket.
The property spans 127,380 square feet on 8.7 acres and is expected to attract technology, life science, manufacturing, and logistics users. The borrower is a well-capitalized real estate opportunity fund that plans to acquire and rezone the property.
Year-to-date in 2025, PINE has completed $109.9 million in acquisition and structured investment transactions, achieving a weighted average initial cash yield of 9.5%.
Alpine Income Property Trust (NYSE: PINE) ha annunciato un finanziamento ipotecario di primo grado da 24,0 milioni di dollari con un tasso di interesse dell'11,0% e durata di 24 mesi. Il prestito finanzier脿 la riqualificazione di un ex edificio commerciale in un immobile industriale nella sottoregione East Bay di San Francisco.
L'immobile si estende per 127.380 piedi quadrati su 8,7 acri e dovrebbe attrarre utilizzatori nei settori tecnologico, delle scienze della vita, manifatturiero e logistico. Il mutuatario 猫 un fondo opportunistico immobiliare ben capitalizzato che intende acquisire e cambiare la destinazione d'uso della propriet脿.
Da inizio 2025, PINE ha completato operazioni di acquisizione e investimenti strutturati per un totale di 109,9 milioni di dollari, ottenendo un rendimento iniziale medio ponderato in contanti del 9,5%.
Alpine Income Property Trust (NYSE: PINE) ha anunciado un pr茅stamo hipotecario de primer grado de 24,0 millones de d贸lares con una tasa de inter茅s del 11,0% y un plazo de 24 meses. El pr茅stamo financiar谩 la reconversi贸n de un antiguo local comercial en un activo industrial en la subzona East Bay de San Francisco.
La propiedad abarca 127.380 pies cuadrados sobre 8,7 acres y se espera que atraiga a usuarios de tecnolog铆a, ciencias de la vida, manufactura y log铆stica. El prestatario es un fondo inmobiliario oportunista bien capitalizado que planea adquirir y cambiar el uso del terreno.
En lo que va de 2025, PINE ha completado 109,9 millones de d贸lares en adquisiciones y transacciones de inversi贸n estructuradas, logrando un rendimiento efectivo inicial ponderado del 9,5%.
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Alpine Income Property Trust (NYSE: PINE) a annonc茅 un pr锚t hypoth茅caire de premier rang de 24,0 millions de dollars au taux de 11,0% sur 24 mois. Ce pr锚t financera la reconversion d'un ancien b芒timent commercial en un actif industriel situ茅 dans la sous-zone East Bay de San Francisco.
La propri茅t茅 s'茅tend sur 127 380 pieds carr茅s sur 8,7 acres et devrait attirer des utilisateurs des secteurs technologique, des sciences de la vie, de la fabrication et de la logistique. L'emprunteur est un fonds immobilier opportuniste bien capitalis茅 qui pr茅voit d'acqu茅rir et de reclasser le terrain.
Depuis le d茅but de 2025, PINE a r茅alis茅 pour 109,9 millions de dollars de transactions d'acquisition et d'investissements structur茅s, obtenant un rendement initial en esp猫ces moyen pond茅r茅 de 9,5%.
Alpine Income Property Trust (NYSE: PINE) hat eine Ersthypothek-Finanzierung in H枚he von 24,0 Millionen US-Dollar mit einem Zinssatz von 11,0% und einer Laufzeit von 24 Monaten angek眉ndigt. Das Darlehen soll die Umwandlung eines ehemaligen Einzelhandelsgeb盲udes in eine Industrieimmobilie im East Bay-Teilmarkt von San Francisco finanzieren.
Die Liegenschaft umfasst 127.380 Quadratfu脽 auf 8,7 Acres und d眉rfte Nutzer aus den Bereichen Technologie, Life Sciences, Produktion und Logistik anziehen. Der Kreditnehmer ist ein gut kapitalisiertes opportunistisches Immobilienfonds, das die Immobilie erwerben und neu zonieren will.
Im bisherigen Verlauf des Jahres 2025 hat PINE 109,9 Millionen US-Dollar an Akquisitions- und strukturierten Investitionsgesch盲ften abgeschlossen und dabei eine gewichtete durchschnittliche anf盲ngliche Barertragsrendite von 9,5% erzielt.
- Attractive 11.0% interest rate on the $24.0M loan investment
- Strong 9.5% weighted average initial cash yield on $109.9M YTD investments
- Strategic expansion into high-demand San Francisco East Bay market
- Diversification of revenue streams through structured investments
- Exposure to redevelopment execution risks
- Concentrated risk in a single large loan investment
- Dependency on successful property rezoning approval
Insights
Alpine's $24M loan at 11% yield expands structured investments portfolio, aligning with high-yield strategy averaging 9.5% returns YTD.
Alpine Income Property Trust has originated a
The transaction supports Alpine's strategic pivot to diversify beyond traditional net lease properties. Year-to-date, the REIT has deployed
The loan structure provides several advantages: immediate double-digit returns without acquisition costs, reduced operational responsibilities, and downside protection through first-lien position. Additionally, the loan targets a premium San Francisco submarket poised to attract technology, life science, and logistics tenants - sectors with robust demand fundamentals.
The investment's
WINTER PARK, Fla., Aug. 29, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the 鈥淐ompany鈥�) announced today the origination of a
The Property, comprising 127,380 square feet on 8.7 acres, is located in the East Bay submarket of San Francisco, CA. We expect the redevelopment to attract technology, life science, manufacturing and logistics users.
鈥淭his transaction aligns with our ongoing strategic objective to drive value and cash flow growth for shareholders by investing in accretive institutional-quality assets and structured investments,鈥� said John P. Albright, President and Chief Executive Officer of Alpine Income Property Trust. 鈥淭he Loan will enable the sponsor, a well-capitalized real estate opportunity fund, to acquire and rezone the Property, unlocking its potential for a diverse range of high-demand industrial uses."
Year-to-date in 2025, the Company has completed
About Alpine Income Property Trust, Inc.
Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased commercial income properties that are predominantly leased to high-quality publicly traded and credit-rated tenants.
We encourage you to review our most recent investor presentation which is available on our website at .
Safe Harbor
This press release may contain 鈥渇orward-looking statements.鈥� Forward-looking statements include statements that may be identified by words such as 鈥渃ould,鈥� 鈥渕ay,鈥� 鈥渕ight,鈥� 鈥渨ill,鈥� 鈥渓ikely,鈥� 鈥渁nticipates,鈥� 鈥渋ntends,鈥� 鈥減lans,鈥� 鈥渟eeks,鈥� 鈥渂elieves,鈥� 鈥渆stimates,鈥� 鈥渆xpects,鈥� 鈥渃ontinues,鈥� 鈥減rojects鈥� and similar references to future periods, or by the inclusion of forecasts or projections. Statements, among others, relating to the redevelopment of the Property, the ability of the redevelopment to attract users, the sponsor鈥檚 use of proceeds from the Loan, and unlocking the Property鈥檚 potential for a diverse range of high-demand industrial uses are forward-looking statements. Forward-looking statements are based on the Company鈥檚 current expectations and assumptions regarding capital market conditions, the Company鈥檚 business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company鈥檚 actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include general business and economic conditions, volatility and uncertainty in the credit markets and broader financial markets, tariffs and international trade policies, risks inherent in the real estate business, including tenant defaults, potential liability relating to environmental matters, credit risk associated with the Company investing in commercial loans and investments, illiquidity of real estate investments and potential damages from natural disasters, the impact of epidemics or pandemics on the Company鈥檚 business and the business of its tenants and the impact of such epidemics or pandemics on the U.S. economy and market conditions generally, other factors affecting the Company鈥檚 business or the businesses of its tenants or borrowers that are beyond the control of the Company or its tenants or borrowers, and the factors set forth under 鈥淩isk Factors鈥� in the Company鈥檚 Annual Report on Form 10-K for the year ended December 31, 2024 and in the Company鈥檚 Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025 and other risks and uncertainties discussed from time to time in the Company鈥檚 filings with the U.S. Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
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FAQ
What are the terms of Alpine Income Property Trust's (PINE) new mortgage loan investment?
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