---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-047967"
form_type: "8-K"
ticker: "GIPR"
cik: "0001651721"
company_name: "GENERATION INCOME PROPERTIES, INC."
filed_at: "2023-09-13T23:59:59+00:00"
generated_at: "2026-06-10T19:08:22.308686+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Generation Income Properties acquires remaining 50% interest in Rockford property for $1.3M

## Summary
- Purchased remaining 50% TIC interest in Rockford, IL property for $1.32M, now 100% owner.
- Previous co-owner SunnyRidge MHP sold its interest; closing on September 7, 2023.
- Preferred equity investor LC2-NNN Pref contributed $2.1M to GIP SPE upon closing.
- Property is located at 525 South Perryville Road, Rockford, Illinois.

## SEC filing metadata
- accession: 0000950170-23-047967
- form_type: 8-K
- ticker: GIPR
- cik: 0001651721
- company_name: GENERATION INCOME PROPERTIES, INC.
- filed_at: 2023-09-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1651721/000095017023047967/0000950170-23-047967-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1651721/000095017023047967/gipr-20230907.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-047967
- JSON: https://secwatch.observer/filing/0000950170-23-047967.json
- Plain text: https://secwatch.observer/filing/0000950170-23-047967.txt

## Key facts
- Material Agreements
  GENERATION INCOME PROPERTIES, INC. entered into Tenant in Common Purchase Agreement with SunnyRidge MHP, LLC valued at approximately $1.3 million (effective 2023-09-07).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: SunnyRidge MHP, LLC
  - Value: approximately $1.3 million
  - Effective: 2023-09-07
  source text: On September 7, 2023, Generation Income Properties, Inc. (the “ Company ”), through its subsidiary GIPIL 525 S Perryville Rd, LLC (" Buyer "), entered into a Tenant in Common Purchase Agreement (the “ Purchase Agreement ”) with SunnyRidge MHP, LLC (" Seller ") pursuant to which the Buyer purchased the Seller’s 50% undivided tenant-in-common interest in the Company’s Rockford, Illinois property
  evidence_url: https://www.sec.gov/Archives/edgar/data/1651721/000095017023047967/0000950170-23-047967-index.htm

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