John Massocca

Matthew Erdner

Craig Kucera

Gaurav Mehta

Michael Goldsmith

R.J. Milligan

Wesley Golladay

Robert Stevenson

Rob Stevenson

Alex Fagan

Kathryn Graves

- Alpine Income Property Trust (PINE) originated a **$24.0 million first mortgage loan investment** with an **11.0% interest rate** and a **24-month term**.  **[1786117_85245250a33b494fad630310bfa067d3_0]**  This loan will fund the **redevelopment of a former retail building into an industrial asset** in the **East Bay submarket of San Francisco, CA**.  **[1786117_85245250a33b494fad630310bfa067d3_0]** 
- Year-to-date in 2025, the Company has completed **$109.9 million** in acquisition and structured investment transactions, achieving a **weighted average initial cash yield of 9.5%**.  **[1786117_85245250a33b494fad630310bfa067d3_0]**

Alpine Income Property Trust Announces New Mortgage Loan Investment