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 finanzierà 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 è un fondo opportunistico immobiliare ben capitalizzato che intende acquisire e cambiare la destinazione d'uso della proprietà.
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 préstamo hipotecario de primer grado de 24,0 millones de dólares con una tasa de interés del 11,0% y un plazo de 24 meses. El préstamo financiará la reconversión 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 tecnología, ciencias de la vida, manufactura y logística. 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 dólares en adquisiciones y transacciones de inversión estructuradas, logrando un rendimiento efectivo inicial ponderado del 9,5%.
Alpine Income Property Trust (NYSE: PINE)는 이자율 11.0%, 만기 24개월의 2400만 달러 선순위 담보대출 투자를 발표했습니다. 이 대출은 샌프란시스코 이스트베이 지역의 이전 상업용 건물을 산업용 자산으로 재개발하는 자금으로 사용됩니다.
해당 부동산은 8.7에이커에 걸쳐 127,380평방피트 규모로 기술, 생명과학, 제조 및 물류 업종의 사용자를 유치할 것으로 기대됩니다. 차주(대출 수혜자)는 자본력이 탄탄한 기회형 부동산 펀드로, 해당 부지를 인수하고 용도 변경을 계획하고 있습니다.
2025년 현재 PINE은 1억 990만 달러 규모의 인수 및 구조화 투자 거래를 완료했으며, 가중평균 초기 현금수익률 9.5%를 달성했습니다.
Alpine Income Property Trust (NYSE: PINE) a annoncé un prêt hypothécaire de premier rang de 24,0 millions de dollars au taux de 11,0% sur 24 mois. Ce prêt financera la reconversion d'un ancien bâtiment commercial en un actif industriel situé dans la sous-zone East Bay de San Francisco.
La propriété s'étend sur 127 380 pieds carrés 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 capitalisé qui prévoit d'acquérir et de reclasser le terrain.
Depuis le début de 2025, PINE a réalisé pour 109,9 millions de dollars de transactions d'acquisition et d'investissements structurés, obtenant un rendement initial en espèces moyen pondéré de 9,5%.
Alpine Income Property Trust (NYSE: PINE) hat eine Ersthypothek-Finanzierung in Höhe von 24,0 Millionen US-Dollar mit einem Zinssatz von 11,0% und einer Laufzeit von 24 Monaten angekündigt. Das Darlehen soll die Umwandlung eines ehemaligen Einzelhandelsgebäudes in eine Industrieimmobilie im East Bay-Teilmarkt von San Francisco finanzieren.
Die Liegenschaft umfasst 127.380 Quadratfuß auf 8,7 Acres und dürfte 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 Investitionsgeschäften abgeschlossen und dabei eine gewichtete durchschnittliche anfängliche 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 “Company”) 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.
“This 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,” said John P. Albright, President and Chief Executive Officer of Alpine Income Property Trust. “The 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 http://www.alpinereit.com.
Safe Harbor
This press release may contain “forward-looking statements.” Forward-looking statements include statements that may be identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” 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’s use of proceeds from the Loan, and unlocking the Property’s potential for a diverse range of high-demand industrial uses are forward-looking statements. Forward-looking statements are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s 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’s 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’s 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’s 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 “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and in the Company’s 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’s 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.
Contact:
Investor Relations
ir@alpinereit.com
FAQ
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