Deal Details
Alpine Completes $50 Million Follow-On Offering
Summary
Alpine Income Property Trust, Inc. (“Alpine” or the “Company”) (NYSE: PINE) recently completed a follow-on offering of 2,800,000 shares of common stock at a price of $17.80 per share, generating gross proceeds of approximately $49.8 million. The Company intends to use the proceeds to repay amounts outstanding under the Company’s credit facility and for general corporate and working capital purposes, which may include funding property acquisitions.
Baird served as a bookrunner on this offering.
About
Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust (“REIT”) that acquires, owns and operates a portfolio of high-quality net leased commercial income properties. As of March 31, 2021 the Company owned 53 net leased retail and office properties located in 38 markets in 19 states. Alpine is headquartered in Daytona Beach, Florida.CONTACT US TO LEARN MORE
- Date
- June 2021
- Company
- Alpine Income Property Trust, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Real Estate
- Target Geography
- North America
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