Alpine Income Property Trust Sells Former Century Theater Center in Reno, NV for $5.0 Million
1. PINE sold Century Theater Center for $5 million, enhancing earnings. 2. Seller financing of $4 million at 8% interest for two years. 3. Property sale boosts portfolio occupancy to 99.4%, strengthening performance. 4. Total property area is 52,474 square feet on 1.4 acres. 5. Full impact on earnings expected next year, partial effect this year.