Alpine Income Property Trust Announces Chief Financial Officer Transition
28 Febbraio 2024 - 10:15PM
Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”)
announced today that its Senior Vice President, Chief Financial
Officer and Treasurer, Matthew M. Partridge, has resigned from the
Company, effective as of April 1, 2024 (the “Effective Date”), to
pursue another opportunity with a new venture not in the REIT
industry. Following the Effective Date, Mr. Partridge intends to
provide further assistance with certain needs of the Company during
the Company’s first quarter reporting period in order to ensure a
successful transition. The Company has begun its search for a new
Chief Financial Officer.
“The board of directors and I want to thank Matt
for his many contributions and wish him well and great success with
his new venture,” said John P. Albright, President and Chief
Executive Officer of Alpine Income Property Trust, Inc. “Matt
played an important role in advancing key initiatives for the
Company, including developing its FP&A, capital markets and
financial reporting strategies, as well as building a strong
finance and accounting team, now led by Lisa Vorakoun, our Vice
President and Chief Accounting Officer who has been with PINE since
its inception.”
Mr. Partridge said, “It has been a privilege to
work with John, the board of directors, and such an incredibly
talented team. I am proud of PINE’s growth and all that we have
accomplished during my time with the Company.”
About Alpine Income Property Trust,
Inc.
Alpine Income Property Trust, Inc. (NYSE: PINE)
is a publicly traded real estate investment trust that seeks to
deliver attractive risk-adjusted returns and dependable cash
dividends by investing in, owning and operating a portfolio of
single tenant net leased properties that are predominately leased
to high-quality publicly traded and credit-rated tenants.
We encourage you to review our most recent
investor presentation which is available on our website at
http://www.alpinereit.com.
Safe Harbor
This press release may contain “forward-looking
statements.” Forward-looking statements include statements that may
be identified by words such as “could,” “may,” “might,” “will,”
“likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,”
“estimates,” “expects,” “continues,” “projects” and similar
references to future periods, or by the inclusion of forecasts or
projections. Forward-looking statements are based on the Company’s
current expectations and assumptions regarding capital market
conditions, the Company’s business, the economy and other future
conditions. Because forward-looking statements relate to the
future, by their nature, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict. As a result, the Company’s actual results may
differ materially from those contemplated by the forward-looking
statements. Important factors that could cause actual results to
differ materially from those in the forward-looking statements
include general business and economic conditions, continued
volatility and uncertainty in the credit markets and broader
financial markets, risks inherent in the real estate business,
including tenant defaults, potential liability relating to
environmental matters, credit risk associated with the Company
investing in first mortgage investments, illiquidity of real estate
investments and potential damages from natural disasters, the
impact of epidemics or pandemics (such as the COVID-19 Pandemic and
its variants) on the Company’s business and the business of its
tenants and the impact of such epidemics or pandemics on the U.S.
economy and market conditions generally, other factors affecting
the Company’s business or the business of its tenants that are
beyond the control of the Company or its tenants, and the factors
set forth under “Risk Factors” in the Company’s Annual Report on
Form 10-K for the year ended December 31, 2023 and other risks and
uncertainties discussed from time to time in the Company’s filings
with the U.S. Securities and Exchange Commission. Any
forward-looking statement made in this press release speaks only as
of the date on which it is made. The Company undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future
developments or otherwise.
Contact: |
Matthew M. PartridgeSenior Vice
President, Chief Financial Officer, & Treasurer(407)
904-3324mpartridge@alpinereit.com |
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