Alpine Income Property Trust Acquires $20.7 Million Property Anchored by Walmart and TJ Maxx

Alpine Income Property Trust acquired three properties in Richmond, VA for $20.7 million. The 177,441 sq ft properties are fully leased and anchored by a Walmart Supercenter (AA credit rating) and TJ Maxx (A credit rating). The acquisition adds Walmart as the company's fourth largest tenant and introduces TJ Maxx to its portfolio. Approximately 50% of the company's annualized base rent is now attributable to investment-grade rated tenants.