Generation Income Properties (“GIP”) recently reached its 100 investor milestone with investments from individuals, family offices and investment funds. The Tampa, Florida based real estate investment trust (“REIT”) focusing on triple net lease property intends to begin purchasing real estate assets for its portfolio of properties in the first quarter of 2017.
David Sobelman, CEO, commented, “I am absolutely honored that the early investors believe in the growth strategy of the REIT as well as my abilities to follow through on the scalable investment philosophy. Our industry, to many, is still believed to be in its early stages considering that the current $100 billion triple net lease real estate REIT market is forecasted by some to be a $2 trillion industry.”
Interested investors are still able to participate in this offering prior to the company being listed on the OTC Markets exchange.
About Generation Income Properties
Generation Income Properties (“GIP”), a real estate investment trust, was founded by David Sobelman, a veteran net lease investment real estate broker. Mr. Sobelman is also the co-founder of Calkain Companies, one of the nation’s leading triple net lease investment brokerage firms. Calkain has been involved with more than $10 billion in net lease transactions. GIP purchases assets with future generations in mind. GIP’s strategy is to acquire assets with credit-worthy, long term tenants with great underlying real estate. The company intends to provide long-term stable yields to its investors, with a focus on real estate that has the best chances of future appreciation either through the value of the assets or growth through lease expirations. The single-tenant, net-leased investments that the company identifies are typically freestanding office, retail, or industrial buildings with existing leases of 10 to 25 years in the 20 most densely populated cities in the United States.