---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-008758"
form_type: "8-K"
ticker: "PINE"
cik: "0001786117"
company_name: "Alpine Income Property Trust, Inc."
filed_at: "2021-07-02T23:59:59+00:00"
generated_at: "2026-06-30T07:41:44.477291+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Alpine acquires two net-lease property portfolios from CTO for $56M total, assumes $30M debt

## Summary
- On June 30, 2021, completed CMBS Portfolio acquisition of six properties for $44.5M.
- On April 23, 2021, completed single property acquisition in North Richland Hills, TX for $11.5M.
- Assumed $30M loan at 4.33% fixed rate, maturing Oct 2034; prepayable without penalty from Oct 2024.
- Issued 424,951 OP units as partial consideration; CTO owned ~15.8% of PINE at filing.
- Pro forma net income for 2020 would have been $1.88M vs. actual $0.99M (basic EPS $0.25 vs. $0.13).

## SEC filing metadata
- accession: 0001558370-21-008758
- form_type: 8-K
- ticker: PINE
- cik: 0001786117
- company_name: Alpine Income Property Trust, Inc.
- filed_at: 2021-07-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786117/000155837021008758/0001558370-21-008758-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786117/000155837021008758/tmb-20210630x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-008758
- JSON: https://secwatch.observer/filing/0001558370-21-008758.json
- Plain text: https://secwatch.observer/filing/0001558370-21-008758.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.