Alpine Income Property Trust Welcomes New Board Member

Alpine Income Property Trust Welcomes New Board Member

Exciting changes are happening at Alpine Income Property Trust, Inc. (NYSE: PINE). Recently, the Company announced the resignation of Jeffrey S. Yarckin from its Board of Directors, effective November 8, 2024. This transition marks a new chapter in the Company’s leadership journey.

A Warm Farewell to Jeffrey S. Yarckin

Andrew Richardson, the Chairman of the Board, expressed gratitude towards Yarckin for his years of dedicated service. "Jeff has played an important role in the Company’s growth and success," Richardson stated. It’s always tough to say goodbye, especially to someone who has contributed significantly to the Company’s achievements. Over five years, Yarckin has been an integral part of the Board, helping to steer the Company toward its goals.

Introducing Brenna A. Wadleigh

In a bid to continue this momentum, Brenna A. Wadleigh has been appointed to the Board of Directors, also effective November 8, 2024. Her extensive experience in the commercial real estate industry is anticipated to bring valuable insights to the table. Richardson remarked on this addition with enthusiasm, highlighting Wadleigh's business acumen across various sectors and asset types. This isn’t just a routine appointment; it signifies a strategic move to enhance the Company’s direction.

Brenna's Background and Expertise

Wadleigh has been at the helm of N3 Real Estate as Chief Executive Officer since 2015, a firm known for its contributions to the retail property landscape across the United States. Not only does she possess a wealth of knowledge in real estate development and investment, but she is also active in various leadership roles within organizations like Commercial Real Estate Women (CREW). As the President of the College of Business Advisory Board at the University of Texas at Arlington, her insights are further amplified by her academic background in finance and credentials as a Certified Public Accountant in Texas.

About Alpine Income Property Trust, Inc.

Alpine Income Property Trust, Inc. (NYSE: PINE) stands out as a publicly-traded real estate investment trust that aims to deliver attractive risk-adjusted returns while focusing on dependable cash dividends. The Company accomplishes this through investing in, owning, and operating a diverse portfolio of single-tenant net leased commercial income properties. Typically, these properties are leased to high-quality, publicly traded tenants, ensuring a robust income stream.

Contact Details

If you would like to reach out to Alpine Income Property Trust regarding any inquiries, feel free to contact:

Philip R. Mays
Senior Vice President, Chief Financial Officer and Treasurer
(407) 904-3324
Email: pmays@alpinereit.com

Frequently Asked Questions

What recent changes occurred to the Board of Directors?

Jeffrey S. Yarckin resigned from his position, and Brenna A. Wadleigh has been appointed as the new member of the Board.

What is Brenna A. Wadleigh’s professional background?

Brenna is the CEO of N3 Real Estate and has a rich history in commercial real estate, including significant roles in various organizations.

How does Alpine Income Property Trust generate income?

The Company invests in single-tenant net leased commercial properties, focusing on high-quality tenants that provide a dependable income stream.

What is the mission of Alpine Income Property Trust?

The Company aims to deliver attractive risk-adjusted returns and dependable cash dividends through its strategic real estate investments.

Where is Alpine Income Property Trust based?

While the Company has a national portfolio, it operates out of its headquarters as a publicly-traded entity.

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