Alpine Income Property Trust Has Entered Into An Agreement To Provide A $24M First Mortgage Secured By 41 Retail Properties Located Throughout The United States
Portfolio Pulse from Benzinga Newsdesk
Alpine Income Property Trust (PINE) has agreed to provide a $24 million first mortgage secured by 41 retail properties across the U.S.
November 16, 2023 | 12:37 pm
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Alpine Income Property Trust is providing a $24 million first mortgage for 41 retail properties, indicating an expansion of its asset base and investment portfolio.
The agreement to provide a substantial mortgage indicates Alpine Income Property Trust's active involvement in expanding its investment portfolio, which could be viewed positively by investors. This expansion could lead to increased revenue from interest payments, suggesting a potential positive impact on the stock price in the short term.
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