Generation Income Properties

Generation Income Properties purchases assets with future generations in mind; hence its name. GIP acquires the most conservative, credit-worthy, long term real estate assets with the understanding that the underlying real estate is ultimately irreplaceable. While the REIT is established to provide a stable yield for long periods of time, special attention is paid to the intrinsic present and future value of the real estate in order to prepare for reusing the assets for other tenants after lease expirations.

Leadership

Board of Directors

Patrick Quilty

Patrick Quilty

Chief Credit Officer
AIG Global Risk Solutions

Benjamin Adams

Benjamin Adams

Chief Executive Officer and Founder
Ten Capital Management

Betsy Peck

Betsy Peck

Chief Operating Officer, Retired
Jones Lang LaSalle

Stuart Eisenberg

Stuart Eisenberg

Partner, Retired
BDO USA, LLP

Board of Advisors

James Graff

James Graff

Co-Head of Real Estate
Raymond James Real Estate Inv Banking

Mel Lazar

Mel Lazar

Consultant
Melvin F. Lazar, LLC

Team

Emily Cusmano

Emily Cusmano

Chief of Staff

Stephen Brown

Stephen Brown​

Dir. of Development

Justin Gore

Justin Gore

Dir. of Communications

Robert J. Rohrlack III

Robert Rohrlack III

Acquisitions Manager

David Sobelman

David Sobelman

Chairman of the Board and Chief Executive Officer

Mr. Sobelman serves as chairman of our board of directors and our president, secretary, and treasurer. He founded Generation Income Properties, Inc. after serving almost 13 years in different capacities within the net lease commercial real estate market. Mr. Sobelman has held various roles within the single tenant, net lease commercial real estate investment market, including investor, asset manager, broker, owner, analyst and advisor.

In 2017, Mr. Sobelman founded 3 Properties, a net lease real estate brokerage and advisory firm. Prior to founding 3 Properties, Mr. Sobelman served as Executive Vice President of Calkain Companies, a multidisciplinary brokerage and advisory firm solely focused on net lease investments.

Prior to Mr. Sobelman’s career in single-tenant net lease investments, he served as a member of The White House staff and was subsequently appointed to work for the Secretary of the Department of Health and Human Services. Mr. Sobelman wrote The Little Book of Triple Net Lease Investing, the first book ever written on the single-tenant triple-net lease investment market, which is currently in its second edition.

Richard Russell

Richard Russell

Chief Financial Officer

Rick Russell is the Chief Financial Officer of GIP and is responsible for the strategic oversight of its financial, accounting, internal controls and SEC reporting areas.

He is focused on strategic development along with identification and implementation of plans to achieve strategic goals. He has participated in over $1 billion of equity and debt raises. He is experienced in all aspects of finance and accounting including public company issues.

Since 2016, Mr. Russell provided financial and accounting consulting services with a focus on technical and external reporting, internal auditing, mergers & acquisitions, risk management and interim CFO and controller services.

Mr. Russell also serves as Chief Financial Officer of LM Funding America Inc since November 2017. Mr. Russell also served as Chief Financial Officer for Mission Health from 2013 to 2016 and before that, Mr. Russell served in a variety of roles for Cott Corporation from 2007 to 2013 including Senior Director Finance, Senior Director of Internal Auditing and Assistant Corporate Controller. Mr. Russell’s extensive professional experience with public companies includes his position as Director of Financial Reporting and Internal Controls for Quality Distribution and as Danka’s Director of Reporting from 2001 – 2004.

Mr. Russell earned his bachelor of science in accounting and a master’s in tax accounting from the University of Alabama, a bachelor of arts in international studies from the University of South Florida and a master’s in business administration from the University of Tampa.

Patrick Quilty

Patrick Quilty

Pat Quilty is the Chief Credit Officer for AIG Multinational and Alternative Risk Group. He is responsible for overseeing, assessing and approving a portfolio of highly structured transactions providing global risk solutions for middle market and Fortune 50 companies across diversified industries. Prior to joining AIG, Pat was Co-Founder and Head of Credit Risk at Specialized Performance Advisory Group LLC, an independent asset management firm providing investment, advisory and risk counseling for family office and institutional clients.
 
Prior to that, he was a Senior Portfolio Manager for Barclays Capital Loan Portfolio focused on the Specialty Finance and REIT sectors and additionally served as a credit derivatives trader in their Principal Credit and Risk Finance Group. Over his thirty year career, he has held senior portfolio, trading and risk management positions at ABN AMRO, Chase Asset Management, Lehman Brothers and JP Morgan. Pat has a Bachelor of Science in Economics from Florida State University and completed graduate coursework in Real Estate Investment and Development at the Steven L Newman Real Estate Institute at Baruch College.
Benjamin Adams

Benjamin Adams

Benjamin Adams is the Chief Executive Officer and Founder of Ten Capital Management. He launched the company in 2011 and is responsible for the strategic direction and oversight of all firm activities.  Ben spent over 20 years in business, government, and law. Ben was a Portfolio Manager with The Townsend Group, where he oversaw $1.7 billion in private equity real estate assets under management within the firm’s discretionary investment management (fund of funds) business, and was actively involved in product development and structuring.

Prior to Townsend, Ben was a Vice President and General Counsel of Lionstone Development LLC, a Miami-based, principal balance sheet investor.  He practiced law with Greenberg Traurig LLP in New York, New York, and served as the Special Assistant to the White House Counsel in the Clinton Administration. Ben has a law degree from Georgetown University Law Center and a BA from Miami University in Oxford, Ohio. He is the founder and Chairman Emeritus of the Defined Contribution Real Estate Council (DCREC).

Betsy Peck

Betsy Peck has 30+ years of experience as a strategic leader, with financial and operating expertise in diverse industries, including; technology, communications and real estate. She is the recently retired Chief Operating Officer, Markets of Jones Lang Lasalle (NYSE: JLL), a leading commercial real estate company, where she managed a $2 billion operation, including leasing, property management, construction project development services and capital markets. She was also the Chief Administrative Officer of The Staubach Company which was acquired by JLL in 2008.  

A Champion of Change Management, she has a deep understanding of how to identify value drivers and use them to accelerate growth, improve performance and contribute favorably to the bottom line. Betsy has worked with start-up companies and mid-cap companies as well as organizations which have achieved mature market penetration.

Stuart Eisenberg

Stuart Eisenberg is an investor and consultant with over 30 years experience in providing accounting and advisory services to public and privately held companies in the real estate industry.  From 1997 until his retirement in June 2019, he was a partner in the real estate services group at BDO USA, LLP, where he also served as the firm’s national real estate and construction industry practice leader and a member of the firm’s international real estate and construction industry steering committee.  His experience includes consulting in connection with the formation, structuring and development of REITs and real estate operating companies. He also provided financial reporting and  due-diligence services in numerous initial and follow-on public offerings and in connection with the acquisition, financing and dispositions of commercial real estate.

Author and speaker on real estate topics. Stuart has a bachelor’s degree from Adelphi University and is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.
James Graff

James Graff

James Graff has 19 years of investment and merchant banking experience, 17 of which have been with the Real Estate Investment Banking group covering REITs, lodging companies and home builders. He has managed more than 450 equity transactions that raised over $100 billion in various forms of capital in the public and private markets, and he has represented clients in numerous M&A transactions worth in excess of $20 billion. 

Prior to joining Real Estate Investment Banking, James worked at Raymond James Capital, a middle-market merchant banking fund, and at Robertson Stephens and Merrill Lynch investment banking, where he assisted clients in executing several mergers and acquisitions, public offerings and private placements in the technology, metals, and mining and logistics industries. He graduated with honors from Pennsylvania State University with a Bachelor of Science in finance and a minor in economics.
Mel Lazar

Mel Lazar

Mel Lazar founded Lazar Levine & Felix LLP (“LL&F”) in 1968.  As its managing partner, he grew LL&F to over 70 professionals, and at his 2002 retirement, left the firm with a reputation and legacy beyond reproach.  LL&F merged into ParenteBeard LLC in February 2009, and Mel continued as an employee and consultant until September 30, 2014. Mel continues his consulting work through Melvin F. Lazar, LLC, his Florida LLC.

Since 2002, Mel has been a Board Member and Audit Committee Chairman of several public and privately-held companies, including:

  • Arbor Realty Trust, Inc. (ABR:NYSE), a real estate investment trust formed to invest in real estate related bridge and mezzanine loans, preferred equity investments and other real estate-related assets. 

  • Active Media Services, Inc. an ESOP owned company, a corporate trading company specializing in media and goods and services in exchange for under-performing assets.  The company is the leader in its industry. 

Mel has more than 40 years of experience in auditing, reviewing, initial public offerings (IPO) registrations, all periodic filings, and SEC compliance matters.  Mel has overseen implementing, testing and continued compliance with Section 404 internal control requirements.

Emily Cusmano

Emily Cusmano

Chief of Staff

Emily Cusmano has been involved with GIP since its inception and has been working alongside David Sobelman for almost a decade in the net lease industry. Emily orchestrates the many key functions that keep GIP running smoothly and takes care of in and out-of-house organization across all departments.

As a net lease industry, and David Sobelman, expert, Emily allows for seamless communication between investors and the REIT, as well as assisting the rest of the team in any way she can. Having been involved in Real Estate for over 15 years she has become a mentor to the rest of the team for the administration of real estate transactions. 

Stephen Brown

Stephen Brown

Director of Development

A proven Real Estate Executive with over 30 years experience, Stephen has developed over 100 properties spanning full service restaurants, fast food, retail and gas stations. While serving as the Vice President of Real Estate and Construction for Casual Restaurants Concepts Inc, a franchisee of Applebee’s, Stephen assisted in growing the company from 7 stores, $14 Million revenue, to 51 stores, $150 Million revenue. 

 As a seasoned professional in Development, Stephen is spearheading the growth of GIP’s development pipeline, allowing GIP to purchase the land and fund the construction of Net Lease Assets, to own from the beginning of the process, maximizing GIP’s returns. 

Justin Gore

Justin Gore

Director of Communications

Justin Gore is Director of Communications at Generation Income Properties.

He came to GIP after serving as Vice President of Marketing at 3 Properties, a net lease investment company.

Mr. Gore is a licensed attorney whose professional experience spans law, public policy, and digital media.

He received his Juris Doctor with honors from The Catholic University of America, Columbus School of Law, and is a member of the Maryland bar.

Robert J. Rohrlack III

Robert Rohrlack III

Acquisitions Manager

Robert previously served as Director, Occupier Services at Savills, a publicly traded global real estate services company, and brings with him years of experience in tenant representation and project coordination for domestic and international clients alike.

He also invests in his community through international mission trips, volunteering with Metropolitan Ministries of Tampa, serving on the Best Buddies Tampa Bay Advisory Board, and participating in the Emerging Leaders of Tampa Bay program through the Tampa Bay Chamber of Commerce.

He received his B.S. in Biomedical Sciences from the University of South Florida.

Contact Robert