Alpine Motel owner lists mansion for sale for $2.9 million

The landlord of the downtown Las Vegas apartment building where a December fire killed six has listed his family’s mansion for sale.

Adolfo Orozco faces involuntary manslaughter charges in connection with the deadly Alpine Motel Apartments fire, which left more than a dozen injured. The blaze also triggered wrongful death lawsuits in which Orozco has been named as a defendant.

The 6,250-square-foot, Southern Highlands Country Club mansion was first listed Monday on Simply Vegas. The six-bedroom, six-bath home, which property records show is in the name of Orozco’s wife, Erika Ayala, is going for $2,995,000.

“Never before has this hidden gem been available,” the listing reads.

The listing follows the sale of more than $5 million worth of other properties this summer. As of late August, Orozco and his wife had liquidated about half of their once-multimillion-dollar portfolio of 24 properties in Nevada.

Orozco acquired the Alpine in 2013 for

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Alpine Income Property Trust, Inc. Announces Sale of Income Property Leased to Outback Steakhouse for Approximately $5.1

Alpine Income Property Trust, Inc. Announces Sale of Income Property Leased to
Outback Steakhouse for Approximately $5.1 Million

DAYTONA BEACH, Fla., Sept. 28, 2020 (GLOBE NEWSWIRE) -- Alpine Income Property
Trust, Inc. (NYSE: PINE) (the “Company”) announced the disposition of a
single-tenant net-leased casual dining retail income property (the “Property”)
located in Charlottesville, Virginia and leased to Outback Steakhouse. The
Property was sold for approximately $5.1 million, representing an in-place cap
rate of 5.75% and generating a gain of approximately $291,000 or $0.03 per
diluted share. The Company anticipates utilizing the proceeds from the sale of
the Property as part of a like-kind 1031 exchange.

Adjusting for the sale of the Property, the Company’s portfolio now consists
of 44 properties located in 31 markets and 17 states across 16 industries,
with a weighted average remaining lease term of 8.6 years.

John P. Albright, President & CEO commented, “We are pleased 
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