---
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"
generated_at: "2026-06-11T11:36:16.818507+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# GIPR acquires 13-property portfolio for $42M; issues Series A Preferred and $21M debt

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 3.03, 5.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-042108
- JSON: https://secwatch.observer/filing/0000950170-23-042108.json
- Plain text: https://secwatch.observer/filing/0000950170-23-042108.txt

## Key facts
- Governance Changes
  GENERATION INCOME PROPERTIES, INC.: Filed Articles Supplementary designating rights, preferences and privileges of Series A Preferred Stock (effective 2023-08-10).
  - Change: charter amendment
  - Effective: 2023-08-10
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1651721/000095017023042108/0000950170-23-042108-index.htm
- M&A Transactions
  GENERATION INCOME PROPERTIES, INC. completed an acquisition involving Modiv Inc. for $42 million (closed 2023-08-10).
  - Action: acquisition
  - Counterparty: Modiv Inc.
  - Consideration: $42 million
  - Closing: 2023-08-10
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1651721/000095017023042108/0000950170-23-042108-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.