Alpine Income Property Trust, Inc. Announces Resignation of Mark E. Patten, Senior Vice President and Treasurer, Effective July 31, 2020
July 02, 2020 at 04:33 pm
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On June 30, 2020, Mark E. Patten, Senior Vice President, Chief Financial Officer and Treasurer of Alpine Income Property Trust, Inc. notified the Company that he will resign from his position with the Company effective July 31, 2020. It is anticipated that Mr. Patten will remain the Company’s principal financial officer and principal accounting officer until the effective date of his resignation.
Alpine Income Property Trust, Inc. is a real estate investment trust. The Company seeks to deliver risk-adjusted returns and cash dividends by investing in, owning, and operating a portfolio of single tenant net leased properties that are predominately leased to publicly traded and credit-rated tenants. The Companyâs primary objective is to maximize cash flow and value per share by generating stable and growing cash flows and risk-adjusted returns through the ownership, operation, and growth through acquisition of a diversified portfolio of net leased commercial properties with a long-term real estate fundamental and through the investment of commercial loans secured by commercial real estate. The Company operates through two segments: income properties and commercial loans and investments. The 138 properties in the Companyâs portfolio represents approximately 3.8 million of gross rentable square feet with leases that have a weighted average lease term of seven years.
ALPINE INCOME PROPERTY TRUST, INC. 
