GENERATION INCOME PROPERTIES ANNOUNCES ACQUISITION OF A SINGLE – TENANT BUILDING OCCUPIED BY THE UNITED STATES GOVERNMENT IN NORTH CAROLINA

Tampa, FL – February 8, 2021 – Generation Income Properties, Inc. (OTCQB: GIPR) (“GIP” or the “Company”) announced the acquisition of an approximately 5,800-square-foot, single-tenant office building in North Carolina occupied by a Federal law enforcement agency of the United States Government. The transaction was a forward commitment sale for a total consideration of approximately $1.7 million.   GIP funded the transaction with approximately $1.27 million of debt from […]

GENERATION INCOME PROPERTIES, INC. ANNOUNCES CLOSING OF ACQUISITION OF SHERWIN WILLIAMS PROPERTY IN TAMPA, FL

Tampa, FL – December 8th, 2020 – Generation Income Properties, Inc. (OTCQB: GIPR) (“GIP” or the “Company”) announced the closing on the previously disclosed intent to acquire a 2,500-square-foot, single tenant Sherwin Williams building in Tampa, Florida. As previously announced, the transaction was structured as a contribution to GIP’s operating partnership, Generation Income Properties LP, […]

Generation Income Properties, Inc. Announces New Directors

Tampa, FL – February 5, 2020 – Generation Income Properties, Inc. (OTCQB: GIPR) (“GIP” or the “Company”) announced today the appointment of two new independent Directors to its Board of Directors, effective immediately; Betsy Peck and Stuart Eisenberg. Betsy Peck is the recently retired Chief Operating Officer, Markets of Jones Lang Lasalle (NYSE: JLL), a […]

Generation Income Properties, Inc. Announces New Directors

Tampa, FL – July 15, 2019 – Generation Income Properties, Inc. (OTCQB: GIPR) (“GIP” or the “Company”) announced the appointment of two new directors, Benjamin Adams and Pat Quilty. David Sobelman, President and Chief Executive Officer, noted, “The appointment of these two new directors adds extensive industry, executive management and financial experience to our company and […]

Generation Income Properties, Inc. Announces Expansion of Portfolio with Pending $11.8 Million UPREIT Contribution

Generation Income Properties, Inc. (OTCQB: GIPR) (“GIP” or the “Company”) announced the signing of a definitive UPREIT agreement to have an approximately 72,000-square-foot building contributed to GIP’s portfolio. The two-tenant office property in Norfolk, Virginia is valued at $11.8 million and is occupied by a General Services Administration (GSA) tenant as well as an international […]

Generation Income Properties, Inc. Purchases 63,000/SF Industrial Building in Huntsville, AL

Tampa, FL – December 20, 2018 – Generation Income Properties, Inc. (the “Company” or “GIP”) announced today that it has purchased, through a joint venture with Generation Income Properties, L.P., a 63,000/SF industrial building in Huntsville, Alabama. The building is net leased to Pratt & Whitney, a subsidiary of United Technologies. The total purchase price was $8.3M […]

Generation Income Properties, Inc. Purchases Tampa, FL Starbucks

Tampa, FL – Generation Income Properties, Inc. (the “Company”) announced on April 6, 2018 that it had recently purchased a new construction, triple net leased and corporately-guaranteed Starbucks (NASDAQ: SBUX) building in Tampa, FL for $3,463,500.  The asset, located at 1300 South Dale Mabry Highway, was appraised for $4,055,000 which equates to $591,500 (14.59%) discount to market value.   […]

Generation Income Properties, Inc. Announces First Cash Dividend

Tampa, FL – Generation Income Properties, Inc. (the “Company”) announced on February 13th through the company’s newsletter that its board of directors authorized a $0.10 per share cash dividend for shareholders of record of the Company’s common stock as of January 2, 2018. The Company expects to pay this dividend on or before March 31, […]