{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-042108","form_type":"8-K","ticker":"GIPR","cik":"0001651721","company_name":"GENERATION INCOME PROPERTIES, INC.","filed_at":"2023-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.722774+00:00","generated_at":"2026-06-11T11:36:16.818507+00:00","sec_items":["1.01","2.01","2.03","3.02","3.03","5.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"GIPR acquires 13-property portfolio for $42M; issues Series A Preferred and $21M debt","bullets":["Purchase price $42M: $30M cash + $12M Series A Preferred Stock issued to Modiv; financed via $21M Valley Bank loan and $12M preferred equity from LC2 at 15.5% annual return.","Portfolio of 13 net-leased properties (11 retail, 2 office) across 7 states, ~200k rentable sq ft; includes assets leased to Dollar General, Walgreen, and City of San Antonio.","Series A Preferred Stock carries 9.5% cumulative dividend (increasing to 12% after Sep 2024), $5.00 liquidation preference, redeemable for cash or up to 3M common shares.","LC2 preferred equity: $12M initial investment, 15.5% annual compounded return, mandatory redemption by Aug 10, 2024, with two 12-month extension options.","GIP redeemed minority interests for $2.25M aggregate; entered $21M Valley loan at floating rate (SOFR+3.25%, swapped to fixed 7.47%), matures Aug 2028."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-042108","json":"https://secwatch.observer/filing/0000950170-23-042108.json","markdown":"https://secwatch.observer/filing/0000950170-23-042108.md","text":"https://secwatch.observer/filing/0000950170-23-042108.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1651721/000095017023042108/0000950170-23-042108-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1651721/000095017023042108/gipr-20230810.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T11:36:16.818507+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9df6e28689dcecf385ad5807d99b876b423754f7","claim":"GENERATION INCOME PROPERTIES, INC.: Filed Articles Supplementary designating rights, preferences and privileges of Series A Preferred Stock (effective 2023-08-10).","evidence_excerpt":"On August 10, 2023, the Company filed the Articles Supplementary for the Series A Preferred Stock with the SDAT designating the rights, preferences and privileges of the Series A Preferred Stock.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1651721/000095017023042108/0000950170-23-042108-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-08-10"}],"fact_type":"governance_change"},{"claim_id":"693adfc23362f07bce168251b0c31e8ffbc801eb","claim":"GENERATION INCOME PROPERTIES, INC. completed an acquisition involving Modiv Inc. for $42 million (closed 2023-08-10).","evidence_excerpt":"The properties comprising the Portfolio are located across seven states and aggregate approximately 200,000 rentable square feet. The purchase price paid for the Portfolio was $42 million, excluding estimated transaction costs and expenses of $1.6 million and subject to prorations and credits as set forth in the Purchase Agreement. An amount equal to $30 million","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1651721/000095017023042108/0000950170-23-042108-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Modiv Inc."},{"label":"Consideration","value":"$42 million"},{"label":"Closing","value":"2023-08-10"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}