Alpine Income Property Trust Sells Former Century Theater Center in Reno, NV for $5.0 Million - Candlesense
PINE Acquisitions

Alpine Income Property Trust Sells Former Century Theater Center in Reno, NV for $5.0 Million

(NYSE:PINE) WINTER PARK, Fla., Sept. 04, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced the sale of its former Century Theater Center in Reno, NV (the “Property”) for $5.0 million. As part of the transaction, the Company provided seller financing of $4.0 million at an annual interest rate of 8.00%, with a term of two years.

Related Questions

How will the $4 million seller‑financing note at 8% affect PINE’s cash‑flow and credit risk profile? Does the $5 million sale price represent a fair valuation of the former Century Theater Center relative to comparable Reno assets? What impact will this transaction have on PINE’s earnings guidance and overall stock valuation moving forward?
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