XML 79 R63.htm IDEA: XBRL DOCUMENT v3.24.3
MANAGEMENT SERVICES BUSINESS - General Information (Details)
3 Months Ended 9 Months Ended 12 Months Ended 58 Months Ended
Nov. 26, 2019
USD ($)
property
shares
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
$ / shares
shares
Sep. 30, 2023
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2021
USD ($)
$ / shares
shares
Sep. 30, 2024
USD ($)
shares
Dec. 12, 2023
USD ($)
Feb. 16, 2023
USD ($)
Oct. 26, 2021
USD ($)
Real Estate                        
Investment in Alpine Income Property Trust, Inc.   $ 42,997,000   $ 42,997,000   $ 39,445,000     $ 42,997,000      
Revenues   31,805,000 $ 28,470,000 88,777,000 $ 79,234,000              
Management Fee Income                        
Real Estate                        
Revenues   1,124,000 1,094,000 3,360,000 $ 3,294,000              
Management Fee Income | Portfolio Management Agreement                        
Real Estate                        
Revenues       200,000                
Management Fee Income | Portfolio Management Agreement | Maximum                        
Real Estate                        
Revenues   100,000                    
Management Fee Income | Asset Management Agreement                        
Real Estate                        
Revenues       $ 100,000                
Management Fee Income | Asset 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                 1,223,854      
Investment ownership percentage (as a percent)   7.90%   7.90%         7.90%      
Investment in Alpine Income Property Trust, Inc.   $ 22,274,000   $ 22,274,000   20,695,000     $ 22,274,000      
Alpine Income Property Trust, Inc. Common Stock and Alpine Income Property OP, LP Limited Partnership Units                        
Real Estate                        
Investment ownership percentage (as a percent)   15.30%   15.30%         15.30%      
Investment in Alpine Income Property Trust, Inc.   $ 42,997,000   $ 42,997,000   39,445,000     $ 42,997,000      
Common Stock                        
Real Estate                        
Share purchased | shares 421,053     29,807 129,271   155,665 8,088 1,138,621      
Purchase price of shares $ 8,000,000.0     $ 400,000 $ 2,100,000   $ 2,700,000 $ 100,000        
Investment ownership percentage (as a percent)   7.40%   7.40%         7.40%      
Investment in Alpine Income Property Trust, Inc.   $ 20,723,000   $ 20,723,000   18,750,000     $ 20,723,000      
Private placement                        
Real Estate                        
Share purchased | shares 394,737                      
Purchase price of shares $ 7,500,000                      
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   1,100,000 1,100,000 $ 3,100,000 3,300,000              
Dividends received   700,000 $ 600,000 1,900,000 $ 1,900,000              
Alpine                        
Real Estate                        
Number of properties sold | property 15                      
Aggregate cash consideration $ 125,900,000                      
Amount of shares authorized for purchase by the board   $ 0   $ 0         $ 0 $ 2,000,000.0 $ 2,100,000 $ 5,000,000.0
Average price per share | $ / shares       $ 14.97 $ 16.21   $ 17.57 $ 17.65        
Investee | Alpine Income Property Trust, Inc.                        
Real Estate                        
Incentive fee income           $ 0