Alpine Income Property Trust closes $80M unsecured term loan due 2027, rate 1.83%

Alpine Income Property Trust, Inc.

$80M unsecured term loan matures January 2027; initial fixed rate 1.83% based on current leverage.
Accordion option allows up to $200M in additional lender commitments.
Proceeds to repay unsecured revolving credit facility and ladder future debt maturities.
KeyBank National Association is Administrative Agent; five other banks participated.

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