Alpine Income Property Trust, Inc.

Alpine Income Property Trust, Inc. is a real estate investment trust (REIT) that owns and operates a portfolio of 127 commercial net lease properties located across 32 states in the United States. These properties are primarily leased to industry-leading, creditworthy tenants, many of whom operate in industries considered resistant to e-commerce impacts. The properties are generally subject to long-term leases, which require tenants to cover or reimburse the company for property operating expenses including real estate taxes, insurance, assessments, governmental fees, utilities, repairs, maintenance, and certain capital expenditures. The company also acquires and originates commercial loans and investments, which are typically secured by real estate or a borrower's ownership interest in a real estate-owning entity. Alpine Income Property Trust, Inc. operates in two primary business segments: income properties and commercial loans and investments. The company has no employees and is externally managed by Alpine Income Property Manager, LLC, a wholly owned subsidiary of CTO Realty Growth, Inc. (NYSE: CTO). The company elected to be taxed as a REIT for U.S. federal income tax purposes starting with its initial taxable year ended December 31, 2019.