Tampa, FL, July 08, 2020 – Generation Income Properties (GIP) Chief Executive Officer David Sobelman issued the following letter to shareholders:
Dear Fellow Shareholders:
Today, we continue to fulfill our promise to communicate more frequently during these unique social and economic circumstances.
Notable items for this update include portfolio performance, SEC filings, and our acquisitions pipeline.
Our portfolio continues to perform per our expectations at 100% rent collection and occupancy before, during, and after the initial COVID-19 period.
Important public filings can be found on EDGAR, the U.S. Securities and Exchange Commission’s online database which can be found at https://www.sec.gov/edgar/searchedgar/companysearch.html.
Our recent filings include:
- First quarter financial results filed on Form 1-U on May 18, 2020.
- Public raise document S-11/A filed on June 15, 2020.
- Shareholder distribution announcement filed on Form 1-U on June 24, 2020.
We have a substantial potential acquisitions pipeline that totals over $100MM in initial purchase pricing. This pipeline can be acted on in 2020 and early 2021 with sufficient capital infusions.
Thank you for allowing us to serve you and for the confidence you’ve expressed in our efforts and trajectory.
Chief Executive Officer
About Generation Income Properties
Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office and industrial net lease properties located primarily in major United States cities, with an emphasis on the major coastal markets. We invest primarily in freestanding, single-tenant commercial retail, office and industrial properties.
Additional information about Generation Income Properties, Inc. can be found at the Company’s corporate website: www.gipreit.com.
This press release, whether or not expressly stated, may contain “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. It reflects the Company’s expectations regarding future events and economic performance and are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements which are, in some cases, beyond the Company’s control which could have a material adverse effect on the Company’s business, financial condition, and results of operations. Some of these risks and uncertainties are identified in the company’s most recent Annual Report on Form 1-K and its other filings with the SEC, which are available at www.sec.gov. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition, and results of operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.