- Acquisition price: $117.3 million ($63 per square foot).
Alpine Income Property Trust (PINE) closed on a 13-property industrial portfolio for $117.3 million, or $63 per square foot. The 1.9 million sq ft portfolio is 100% leased with 10.2 years weighted average remaining term and annual rent escalators. Funded via revolving credit facility.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.