Generation Income Properties, Inc., a net lease real estate investment trust (REIT), announced today it has been approved by the Securities and Exchange Commission (SEC) to sell shares to the general public through its Regulation A+ initiative as the next phase in the company’s fundraising strategy.
Generation Income Properties is the first REIT to file with the SEC under Regulation A+, which took effect in June. The company is now accepting investments from investors, including investors committed to become early investors in the newest net lease REIT; the company intends to be listed on the over-the-counter OTCQB marketplace following the close of the offering.
Generation Income Properties intends to invest only in the top 20 highest density U.S. cities, as the company focuses on assembling, what the Company believes, will be the highest quality portfolio of net lease assets. The Company believes its strategies of focusing on the real estate as well as a low leveraged approach to acquiring properties clearly differentiates itself from its colleagues in the same industry as well as other public net lease REITs.
David Sobelman, the company’s founder and CEO, believes the conservative nature of the investments, as well as the cautious underwriting that will be used for each asset, will cause the aggregate value of the portfolio to increase as the REIT continues to grow.
About Generation Income Properties
Generation Income Properties was founded by CEO 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 $11 billion in net lease transactions.
Generation Income Properties purchases assets with future generations in mind. The REIT was established to take the proven and scalable concept of investing in net lease investment properties and applying fundamental real estate underwriting as its core principle. The decision to go public under Regulation A+ is part of the company’s mission to take a lean approach to structuring its business, but under a framework that provides transparency and access to the general public to invest.
Generation Income Properties’ conservative 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 rental rate increases. 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.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of any such state or jurisdiction.
This press release may contain forward-looking statements, which include, but are not limited to, statements concerning the Company and our plans and projections. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, as more fully described in the Offering Circular. In light of such risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.