Alpine Income Property Trust Expands Portfolio with $20.7 Million Acquisition
Winter Park, Thursday, 20 November 2025.
Alpine Income Property Trust acquired a retail property anchored by Walmart and TJ Maxx for $20.7 million, aiming to enhance its stable income stream and portfolio in the retail sector.
Strategic Acquisition Details
On November 20, 2025, Alpine Income Property Trust, Inc. (NYSE: PINE) announced the acquisition of a retail property in Richmond, Virginia, for $20.7 million. This property is strategically anchored by prominent retailers Walmart and TJ Maxx, covering a total area of 177,441 square feet. The acquisition is a significant addition to Alpine’s portfolio, aiming to secure stable income through well-established tenants [1][2].
Investment Rationale and Market Impact
This acquisition is indicative of Alpine’s strategy to enhance its income stream by investing in high-quality retail spaces. The properties acquired are fully leased, reflecting a strong demand for such retail locations in the market. With Walmart becoming Alpine’s fourth largest tenant, approximately 50% of Alpine’s annualized base rent is now derived from investment-grade rated tenants, underscoring the trust’s focus on financial stability [1].
Demographics and Economic Context
Located in a thriving market, the properties benefit from an average household income of $146,000 and a population exceeding 200,000 within a five-mile radius. These demographic factors are pivotal in ensuring the sustained attractiveness and profitability of the site, aligning with Alpine’s objective of maximizing cash flow and shareholder value [1].
Future Prospects
Alpine’s strategic move comes amid evolving market conditions where the demand for quality retail properties remains robust. The trust’s commitment to securing properties with long-term leases to credit-rated tenants is expected to provide a competitive edge. As Alpine continues its expansion in the retail sector, the focus on financial prudence and high-quality acquisitions will likely bolster its market position and return on investment for shareholders [3].