PINE - Mergers and acquisitions

WINTER PARK, Fla., June 01, 2026 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO"), an owner and operator of high-quality open-air retail centers located primarily in high-growth markets across the Southeast and Southwest, announced today the sale of Madison Yards, a 163,000-square-foot grocery-anchored shopping center in Atlanta, Georgia (the "Property") for $73.3 million, representing a price of $451 per square foot. "This disposition executes on our capital recycling strategy, allowing us to redeploy capital into higher-yielding opportunities such as our recent $81.6 million acquisition of Palms Crossing in Texas," said John P. Albright, President and Chie

WINTER PARK, Fla., March 02, 2026 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO"), a leading owner and operator of high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States, today announced the acquisition of Palms Crossing (the "Property"), an open-air retail center consisting of 399,000 square feet for a purchase price of $81.6 million. Palms Crossing is currently 98% leased, anchored by Best Buy, Hobby Lobby, Burlington Coat Factory, Barnes & Noble and Nike. The Property is located on 47 acres in McAllen, Texas with a population of approximately 200,000 within a five-mile radius. Additionall

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. About Alpine Income Property Trust, Inc.  Alpine Income Property Trust, Inc. (NYSE:PINE) is a publ

WINTER PARK, Fla., Dec. 19, 2025 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO"), an owner and operator of high-quality open-air retail centers located predominately in high-growth markets across the Southeast and Southwest, announced today the sale of the Shops at Legacy North, a 243,000-square-foot mixed-use lifestyle center in Dallas, Texas (the "Property"). The Property was sold for $78.0 million, equating to $321 per square foot. "We are very pleased with the strong pricing achieved on this transaction, which reflects the significant leasing completed at the Shops at Legacy North over the past two years," said John P. Albright, President and Chief Exec

WINTER PARK, Fla., Dec. 18, 2025 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO"), a leading owner and operator of high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States, today announced the acquisition of Pompano Citi Centre (the "Property"), an open-air retail center located on 35 acres in the Pompano Beach submarket of Fort Lauderdale, Florida, for a purchase price of $65.2 million. The Property consists of 509,000 square feet of operating space, currently 92% occupied, along with 62,000 square feet of unfinished shell space primarily on the second level presenting future leasing upside. P

WINTER PARK, Fla., Nov. 20, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") today announced the $20.7 million acquisition of three separately parceled properties (the "Properties") located on 14 total acres in Richmond, Virginia. The Properties, totaling 177,441 square feet, are fully leased and anchored by a Walmart Supercenter (AA credit rating) situated on an 8-acre ground lease. The acquisition also includes a four-tenant, triple-net-leased building anchored by TJ Maxx (A credit rating) and an additional ground leased outparcel. With this acquisition, Walmart becomes the Company's fourth largest tenant, joining a portfolio led by investment grad

WINTER PARK, Fla., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") today announced the acquisition of a 131,039-square-foot property net leased to Sam's Club, located on approximately 12 acres in Houston, Texas. Sam's Club is a subsidiary of Walmart, which holds an AA credit rating. With this acquisition, Walmart becomes the Company's fifth largest tenant as of today, joining a portfolio led by investment grade-rated tenants Lowe's and Dick's Sporting Goods. Sam's Club has operated at this location for nearly 25 years, within a dense infill market in Houston, Texas. The surrounding area features strong demographics, including an average hou

WINTER PARK, Fla., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") is pleased to announce the acquisition of a three-property portfolio for $2.8 million, reflecting a weighted average going-in cash yield of 8.5%. The portfolio spans three states – Illinois, Virginia and Louisiana – and totals 8,890 square feet. Two of the properties are net leased to Hardee's, a national quick-service restaurant chain, while the third is net leased to Jiffy Lube, a leading automotive services franchise. About Alpine Income Property Trust, Inc.  Alpine Income Property Trust, Inc. (NYSE:PINE) is a publicly traded real estate investment trust that seeks to d

WINTER PARK, Fla., March 03, 2025 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO"), a leading owner and operator of high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States, today announced the acquisition of Ashley Park (the "Property"), a 559,000-square-foot, 60-acre, lifestyle center in the Newnan submarket of Atlanta, Georgia for a purchase price of $79.8 million. The purchase price represents a going-in cap rate near the high end of the Company's current guidance range for initial cash yields. The acquisition increases the total portfolio by 12%, to 5.2 million square feet. "This acquisiti

Addresses Sale Speculation Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced its latest independent, third-party appraisal of its assets resulting in an updated Net Asset Value ("NAV") of $24.11 per share as of December 31, 2024. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: "This year we engaged Cushman & Wakefield to conduct an appraisal of our 43 properties and to value our three fixed rate mortgages. Their estimates of value were then used to calculate our net asset value (NAV) per share as delineated in the table further b

WINTER PARK, Fla., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE"), an owner and operator of single tenant net leased commercial income properties, today announced the acquisition of a property leased to Lowe's Home Improvement, and updated fourth quarter and full year 2024 investment and disposition activity.  2024 Investment Activity  Completed a $22.5 million purchase of a single-tenant property leased to Lowe's Home Improvement located in Knoxville, TN in December 2024. The lease has approximately 13 years of remaining term.Lowe's (S&P rating: BBB+) is now the Company's second largest tenant based on annual base rent ("ABR")

WINTER PARK, Fla., March 21, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced the acquisition of Marketplace at Seminole Towne Center, a 318,000 square foot multi-tenant retail power center in the Sanford submarket of Orlando, Florida (the "Property") for a purchase price of $68.7 million. The purchase price represents a going-in cap rate within the range of the Company's current guidance for initial cash yields. "We are pleased to announce the acquisition of Marketplace at Seminole Towne Center, a premier retail destination near our headquarters in Orlando, Florida," said John P. Albright, President and Chief Executive Officer of CTO Re

WINTER PARK, Fla., June 12, 2023 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced the acquisition of Plaza at Rockwall, a 446,500 square foot multi-tenant retail power center in the Rockwall submarket of Dallas, Texas (the "Property") for a purchase price of $61.2 million. The purchase price represents a going-in cap rate above the range of the Company's current guidance for initial cash yields. "The Plaza at Rockwall is a great addition to our high-quality, growth markets-focused portfolio, allowing us to increase exposure to the Dallas-Fort Worth metroplex in a high barriers-to-entry submarket with accretive demographics," said John P. Albr

WINTER PARK, Fla., Jan. 04, 2023 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") today announced its 2022 acquisition and disposition activities and provided a corporate update. 2022 Acquisition Highlights During the year ended December 31, 2022, the Company acquired 51 net lease retail properties for a total acquisition volume of $187.4 million, representing a weighted-average going-in cash cap rate of 7.1%. Acquisitions completed during the year had a weighted-average remaining lease term of 8.7 years and approximately 76% of annualized base rents are from a tenant or the parent of a tenant with an investment grade credit rating.During the fourth quar

WINTER PARK, Fla., Nov. 22, 2022 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today that its Board of Directors has authorized, and the Company has declared a quarterly cash dividend of $0.275 per share of common stock for the fourth quarter of 2022 (the "Common Stock Cash Dividend"). The Common Stock Cash Dividend represents a 1.9% year-over-year increase as compared to the Company's fourth quarter 2021 common stock cash dividend and an annualized yield of approximately 5.9% based on the closing price of the common stock on November 21, 2022. The Common Stock Cash Dividend is payable on December 30, 2022 to stockholders of record as of the

WINTER PARK, Fla., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today that it has published its November 2022 Investor Presentation on its website and provided an update on its recent corporate and investment activities: To date during the fourth quarter of 2022, acquired four net lease retail properties for total acquisition volume of $35.5 million at a weighted average going-in cash cap rate of 7.4%. The acquired properties are leased to Home Depot, Dick's Sporting Goods and Dollar Tree/Family Dollar and 100% of the acquired annualized cash base rents are generated from a tenant or the parent of a tenant with an investment gr

WINTER PARK, Fla., Oct. 11, 2022 (GLOBE NEWSWIRE) --  Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") today provided an update on its recent corporate and investment activities: Disclosed that it sustained no material damage to its properties from Hurricane Ian.Sold six net lease properties during the third quarter of 2022 for total disposition volume of $50.5 million at a weighted average exit cap rate of 5.5%, generating total gains of $11.6 million.Acquired nine net lease retail properties during the third quarter of 2022 for total acquisition volume of $36.7 million, reflecting a weighted average going-in cash cap rate of 7.1%.Collected 100% of contractual base rents du

WINTER PARK, Fla., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") today announced that it has successfully amended and restated its senior unsecured Credit Facility. The Credit Facility was increased to $350 million and is comprised of a $250 million unsecured revolving credit facility (the "Revolver") and the Company's existing $100 million unsecured term loan (the "2027 Term Loan") (together, the "Credit Facility"). The Credit Facility includes an accordion option that allows the Company to request additional Revolver and 2027 Term Loan lender commitments up to a total of $750 million. The Company's existing $100 million 2026 senior unsec

WINTER PARK, Fla., Aug. 22, 2022 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today that its Board of Directors has authorized, and the Company has declared a quarterly cash dividend of $0.275 per share of common stock for the third quarter of 2022 (the "Common Stock Cash Dividend"), which represents a 1.9% increase as compared to the Company's previous quarterly cash dividend of $0.27 per share of common stock. The Common Stock Cash Dividend represents a 7.8% year-over-year increase as compared to the Company's third quarter 2021 common stock cash dividend and an annualized yield of approximately 6.0% based on the closing price of the commo

WINTER PARK, Fla., May 24, 2022 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today that its Board of Directors has authorized, and the Company has declared a quarterly cash dividend of $0.27 per share of common stock for the second quarter of 2022. The dividend is payable on June 30, 2022 to stockholders of record as of the close of business on June 9, 2022. The ex-dividend date for the second quarter 2022 cash dividend is June 8, 2022. The second quarter 2022 cash dividend represents an 8.0% year-over-year increase as compared to the Company's second quarter 2021 cash dividend and an annualized yield of approximately 5.9% based on the closin

WINTER PARK, Fla., March 03, 2022 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced the acquisition of Price Plaza Shopping Center, a 205,000 square foot multi-tenant retail property in the Katy submarket of Houston, Texas (the "Property") for a purchase price of $39.1 million, or $190 per square foot. The purchase price represents a going-in cap rate above the range of the Company's guidance for initial investment cash yields. "We're very pleased to be entering the Houston, Texas market with our acquisition of Price Plaza Shopping Center," said John P. Albright, President and Chief Executive Officer of CTO Realty Growth. "With its considerabl

WINTER PARK, Fla., Feb. 23, 2022 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today that its Board of Directors has authorized, and the Company has declared a quarterly cash dividend of $0.27 per share of common stock for the first quarter of 2022. The dividend is payable on March 31, 2022 to stockholders of record as of the close of business on March 10, 2022. The ex-dividend date for the first quarter 2022 cash dividend is March 9, 2022. The first quarter 2022 cash dividend represents a 12.5% year-over-year increase as compared to the Company's first quarter 2021 cash dividend and an annualized yield of approximately 5.8% based on the closi

WINTER PARK, Fla., Jan. 05, 2022 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") today provided a portfolio update and announced its record 2021 acquisition and disposition activities. 2021 Acquisition Highlights During the year ended December 31, 2021, the Company acquired 68 net lease retail properties for a total acquisition volume of $260.3 million, representing a weighted-average going-in cash cap rate of 6.8%. Acquisitions completed during the year had a weighted-average remaining lease term of 8.2 years and approximately 37% of annualized base rents are from a tenant or the parent of a tenant with an investment grade credit rating.Dur

DAYTONA BEACH, Fla., Dec. 21, 2021 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced the acquisition of a mixed-use property totaling approximately 137,000 square feet in downtown Santa Fe, New Mexico (the "Property") for $16.3 million, or $118 per square foot. The Company also announced the sale of a single tenant property located in Falls Church, Virginia leased to 24 Hour Fitness. "Our acquisition in Santa Fe is a unique situation where we are able to opportunistically acquire an extremely well-located property with immediate repositioning upside in a dynamic market with attractive growth prospects," said John P. Albright, President and C

DAYTONA BEACH, Fla., Dec. 21, 2021 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced the acquisition of a 28,000-square foot property in the Winter Park suburb of Orlando, Florida (the "Property") for $13.2 million. "This is a very exciting acquisition for us and an attractive option as we looked to establish a presence in Orlando to accommodate our growing team," said John P. Albright, President and Chief Executive Officer of CTO Realty Growth. "Orlando is experiencing unprecedented growth as more and more people relocate to Florida, and Winter Park is benefitting as one of the area's strongest and most sought-after submarkets. The Proper

DAYTONA BEACH, Fla., Dec. 02, 2021 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced the acquisition of Beaver Creek Crossings, a 320,600 square foot multi-tenant retail property in the Apex submarket of Raleigh, North Carolina (the "Property") for $70.5 million. The purchase price represents a going-in cap rate within the range of the Company's guidance for initial cash yields. "We're excited to be reentering the Raleigh, North Carolina market with our acquisition of Beaver Creek Crossings," said John P. Albright, President and Chief Executive Officer of CTO Realty Growth. "Raleigh has experienced explosive growth in recent years as it bene

DAYTONA BEACH, Fla., Nov. 22, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today that its Board of Directors has authorized, and the Company has declared a 5.9% increase in the Company's quarterly cash dividend to $0.27 per share of common stock for the fourth quarter of 2021 as compared to its previous quarterly cash dividend of $0.255 per share of common stock.  The dividend is payable on December 30, 2021 to stockholders of record as of the close of business on December 9, 2021.  The ex-dividend date for the fourth quarter 2021 cash dividend is December 8, 2021. The fourth quarter 2021 cash dividend represents a 22.7% year-over-year i

DAYTONA BEACH, Fla., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE") today announced that it has successfully executed a new $80.0 million unsecured term loan (the "Term Loan"). The Term Loan will mature in January 2027 and is subject to a pricing grid over LIBOR, determined by the Company's leverage ratio. The Company has fixed LIBOR over the life of the Term Loan. Based on the Company's current leverage, the interest rate on the Term Loan will be fixed at an initial rate of 1.83%. The Term Loan also includes an accordion option that allows the Company to request additional lender commitments up to a total of $200 million. "We ap

DAYTONA BEACH, Fla., Aug. 23, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today that its Board of Directors has authorized, and the Company has declared, an increase in the Company's quarterly cash dividend to $0.255 per share of common stock for the third quarter of 2021 from its previous quarterly cash dividend of $0.25 per share of common stock. The dividend is payable on September 30, 2021 to stockholders of record as of the close of business on September 9, 2021. The 2021 third quarter cash dividend represents a 2.0% increase over the Company's previous quarterly dividend and an annualized yield of approximately 5.5% based on the c

DAYTONA BEACH, Fla., July 01, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today it closed its previously announced acquisition of six high-quality net lease retail properties for a combined purchase price of $44.5 million from CTO Realty Growth, Inc. (NYSE:CTO) on June 30, 2021 (the "CTO Portfolio"). The CTO Portfolio consists of properties net leased to leading national retailers such as Lowe's, Walgreens, Harris Teeter and Big Lots, with more than 60% of annualized base rent coming from properties leased to, or with leases guaranteed by investment grade-rated entities. All six of the properties in the CTO Portfolio are within metrop

DAYTONA BEACH, Fla., June 30, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today it has acquired a diversified portfolio of nine high-quality retail net lease properties, and is under agreement to acquire a tenth property (together, the "Portfolio") for a total combined purchase price of $14.8 million. The Portfolio consists of ten properties in eight states net leased to leading operators in e-commerce resistant and necessity-based retail industries, including the auto parts, auto service, quick service restaurant and dollar store sectors. Nearly 65% of the annualized base rent comes from properties leased to, or with leases guaranteed

DAYTONA BEACH, Fla., June 29, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today that it will report its financial and operating results for the second quarter 2021 after the market closes on Thursday, July 22, 2021. A conference call to discuss its financial and operating results is scheduled for Friday, July 23, 2021 at 9:00 AM ET (the "Earnings Call"). Shareholders and interested parties may access the Earnings Call via teleconference or webcast: Teleconference:USA (Toll Free)1-888-317-6003 International1-412-317-6061 Canada (Toll Free)1-855-669-9657 To access the conference call, enter 5254193 when prompted. Webcast:               

DAYTONA BEACH, Fla., June 24, 2021 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced it has acquired The Shops at Legacy North, an approximately 236,000 square foot retail-driven mixed-use lifestyle property in Plano, Texas (the "Property"). The Shops at Legacy North, which was constructed in 2007 and includes nearly 1,000 parking spaces, is currently 83% occupied and is situated on 12.7 acres across the Dallas North Tollway from Legacy West at the core of the 2,665-acre master-planned Legacy District, one of the premier live-work-play communities in the United States. The Property has excellent accessibility to a large concentration of Fortun

DAYTONA BEACH, Fla., May 24, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE") today announced that is has successfully executed a new 5-year, $60.0 million unsecured term loan (the "Term Loan"). The Term Loan will mature in May 2026 and is subject to a pricing grid over LIBOR, determined by the Company's leverage ratio. In conjunction with the Term Loan, the Company has fixed LIBOR over the 5-year period. Based on the Company's current leverage, the interest rate on the Term Loan will be fixed at an initial rate of 2.16%. The Term Loan also includes an accordion option that allows the Company to request additional lender commitments up to a

DAYTONA BEACH, Fla., April 22, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE") today announced its operating results and earnings for the quarter ended March 31, 2021. Select Highlights Reported Net Income per diluted share attributable to the Company of $0.05 for the quarter ended March 31, 2021.Reported FFO per diluted share of $0.42 for the quarter ended March 31, 2021, an increase of 90.9% from the comparable prior year period.Reported AFFO per diluted share of $0.44 for the quarter ended March 31, 2021, an increase of 120.0% from the comparable prior year period.Collected 100% of the Contractual Base Rent (as defined below) due for t

DAYTONA BEACH, Fla., April 21, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today that its Board of Directors has authorized, and the Company has declared, an increase in the Company's quarterly cash dividend to $0.25 per share of common stock for the second quarter of 2021 from its previous quarterly cash dividend of $0.24 per share of common stock. The dividend is payable on June 30, 2021 to stockholders of record as of the close of business on June 21, 2021. The 2021 second quarter cash dividend represents a 4.2% increase over the Company's previous quarterly dividend and an annualized yield of approximately 5.6% based on the closing

DAYTONA BEACH, Fla., April 06, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today it has entered two separate agreements to acquire seven retail net lease properties for a combined purchase price of $56.0 million (the “Acquisitions”) from CTO Realty Growth, Inc. (NYSE: CTO). “Since Alpine’s IPO in 2019, we’ve highlighted the remaining single tenants net lease properties within CTO’s portfolio as a potential source of future acquisitions for Alpine,” said John P. Albright, President and Chief Executive Officer of Alpine Income Property Trust. “We are excited to announce these first two agreements with CTO, which we believe represent

DAYTONA BEACH, Fla., March 29, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that it will report its financial and operating results for the first quarter 2021 after the market closes on Thursday, April 22, 2021. A conference call to discuss its financial and operating results is scheduled for Friday, April 23, 2021 at 9:00 AM ET (the “Earnings Call”). Shareholders and interested parties may access the Earnings Call via teleconference or webcast: Teleconference:USA (Toll Free)1-888-317-6003 International1-412-317-6061 Canada (Toll Free)1-855-669-9657 To access the conference call, enter 0658375 when prompted. Webcast:https://serv

DAYTONA BEACH, Fla., March 11, 2021 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced the acquisition of Eastern Commons, an approximately 147,000 square foot multi-tenant retail property in the Henderson submarket of Las Vegas, Nevada (the “Property”) for a purchase price of approximately $18.5 million, or $126 per square foot. The purchase price represents a going-in cap rate within the range of the Company’s guidance for initial cash yields. “This property represents CTO’s entry into the high-growth, business friendly Las Vegas MSA and we are pleased to be adding this high-quality asset to our growing diversified portfolio,” said John P.

DAYTONA BEACH, Fla., March 03, 2021 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced the acquisition of an approximately 183,000 square foot multi-tenant retail property in the West Jordan suburb of Salt Lake City, Utah (the “Property”) for a purchase price of approximately $20.0 million, or $117 per square foot. The purchase price represents a going-in cap rate within the range of the Company’s guidance for initial cash yields. “We are pleased to be entering the growing Salt Lake City MSA, which represents a new market for CTO, and we’re particularly excited about the strong positioning of this property,” said John P. Albright, President

DAYTONA BEACH, Fla., Feb. 11, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that its Board of Directors has authorized, and the Company has declared, an increase in the Company’s quarterly cash dividend to $0.24 per share of common stock for the first quarter of 2021 from its previous quarterly cash dividend of $0.22 per share of common stock. The dividend is payable on March 31, 2021 to stockholders of record as of the close of business on March 22, 2021. The 2021 first quarter cash dividend represents a 9.1% increase over the Company’s previous quarterly dividend and an annualized yield of approximately 5.5% based on the closing

DAYTONA BEACH, Fla., Jan. 07, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that it will report its financial and operating results for the fourth quarter and full year 2020 after the market closes on Thursday, February 11, 2021. A conference call to discuss its financial and operating results is scheduled for Friday, February 12, 2021 at 9:00 AM ET (the “Earnings Call”). Shareholders and interested parties may access the Earnings Call via teleconference or webcast: Teleconference: USA (Toll Free) 1-888-317-6003   International 1-412-317-6061  Canada (Toll Free)  1-855-669-9657     To access the conference call, enter 9718846 w

DAYTONA BEACH, Fla., Dec. 29, 2020 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) announced today the closing of the sale of a property located in Austin, Texas leased to Outback Steakhouse and a summary of its 2020 transaction activity. “We’re thrilled to be finishing a record year of transaction activity on such a positive note with the sale of the property in Austin, Texas,” said John P. Albright, President and Chief Executive Officer of CTO Realty Growth. “The proceeds generated by these most recent asset sales will help fuel the execution of our investment strategy in 2021, where we’ll continue to focus on building a best-in-class diversified real estate p

DAYTONA BEACH, Fla., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today it has acquired, through separate transactions, two single tenant properties net leased to Walgreens and Kohl’s for a combined purchase price of $15.4 million (the “Acquisitions”). The properties were purchased at a weighted average going-in cash cap rate of 7.1% and have a weighted average remaining initial lease term of approximately 9.3 years. The Kohl’s, located in Glendale, Arizona, benefits from approximately 120,000 people in a 3-mile radius, average household incomes of approximately $89,000 and more than 45,000 vehicles per day along the West Bell