Alpine Income Property Trust Acquires Property in Aspen, Colorado for $10.0 Million

WINTER PARK, Fla., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced the acquisition of a 6,529-square foot retail property in downtown Aspen, Colorado for $10.0 million at an initial cap rate of 8.5% with 1.25% annual escalators. The acquisition was structured as a 50-year absolute triple net master lease with an established commercial real estate firm that specializes in retail project leasing. Situated in a desirable retail corridor, the property benefits from an average household income of $187,000 within a five-mile radius.