XML 89 R73.htm IDEA: XBRL DOCUMENT v3.24.0.1
MANAGEMENT SERVICES BUSINESS - General Information (Details)
12 Months Ended 49 Months Ended
Jan. 07, 2022
USD ($)
property
Dec. 10, 2021
USD ($)
Nov. 26, 2019
USD ($)
property
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
property
$ / shares
shares
Dec. 31, 2021
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
shares
Feb. 16, 2023
USD ($)
Oct. 26, 2021
USD ($)
Real Estate                  
Outstanding Principal       $ 496,834,000     $ 496,834,000    
Loss on Extinguishment of Debt           $ (3,431,000)      
Revenues       109,119,000 $ 82,320,000 70,272,000      
Management Fee Income                  
Real Estate                  
Revenues       4,388,000 $ 3,829,000 $ 3,305,000      
Management Fee Income | Portfolio Management Agreement | Maximum                  
Real Estate                  
Revenues       $ 100,000          
Alpine Income Property OP, LP Limited Partnership Units                  
Real Estate                  
Number of contributed properties | property     5            
Aggregate of OP units | shares     1,223,854            
Initial value     $ 23,300,000            
Share purchased | shares       1,200,000          
Investment ownership percentage (as a percent)       8.20%     8.20%    
Common Stock                  
Real Estate                  
Share purchased | shares     421,053 129,271 155,665 8,088 1,108,814    
Purchase price of shares     $ 8,000,000.0 $ 2,100,000 $ 2,700,000 $ 100,000      
Investment ownership percentage (as a percent)       7.50%     7.50%    
Mortgage Notes Payable Under CMBS Portfolio                  
Real Estate                  
Outstanding Principal $ 30,000,000.0                
Private placement                  
Real Estate                  
Share purchased | shares     394,737            
Purchase price of shares     $ 7,500,000            
2022 Acquisitions | Income Property Single Tenant                  
Real Estate                  
Number of real estate properties | property 1                
Sales price $ 6,900,000                
Land JV                  
Real Estate                  
Management fee revenue earned       $ 0 0 100,000      
Management fee revenue earned per month   $ 20,000,000   $ 20,000,000          
Monthly management fee   $ 10,000,000       10,000,000      
Management Agreement PINE                  
Real Estate                  
Percentage of base management fee       0.375%          
Management fee (as a percent)       1.50%          
Percentage of cumulative annual hurdle rate       8.00%          
Amount of threshold incentive fee       $ 0.00          
Percentage of multiply factor       15.00%          
Management fee revenue earned       $ 4,400,000 3,800,000 3,200,000      
Dividends received       $ 2,500,000 $ 2,300,000 $ 2,100,000      
Alpine                  
Real Estate                  
Number of properties sold | property     15            
Aggregate cash consideration     $ 125,900,000            
Amount of shares authorized for purchase by the board               $ 2,100,000 $ 5,000,000.0
Average price per share | $ / shares       $ 16.21 $ 17.57 $ 17.65      
Alpine | Mortgage Notes Payable Under CMBS Portfolio                  
Real Estate                  
Real estate acquired purchase price         $ 44,500,000        
Number of real estate properties | property         6        
Loss on Extinguishment of Debt $ 500,000                
Alpine | Mortgage Notes Payable Under CMBS Portfolio | Income Property Single Tenant                  
Real Estate                  
Real estate acquired purchase price         $ 11,500,000        
Number of real estate properties | property         1        
Investee | Alpine Income Property Trust, Inc.                  
Real Estate                  
Incentive fee income       $ 0 $ 0 $ 0