---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-087117"
form_type: "8-K"
ticker: "GIPR"
cik: "0001651721"
company_name: "GENERATION INCOME PROPERTIES, INC."
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:44:11.192394+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GIPR issues Series B-1 Preferred Units for 155,185 common units; extends partner redemption to 2027

## Summary
- Issued 155,185 Series B-1 Preferred Units to LMB Owenton I LLC in exchange for an equal number of common units, with quarterly cash distribution of $0.117 per unit.
- Preferred units redeemable after 2 years at $7.15 per unit or 1-for-1 common stock, plus accrued dividends; issuance exempt under Section 4(a)(2)/Reg D.
- Amended LLC agreements for two Norfolk, VA properties (2510 Walmer Ave and 130 Corporate Blvd) to extend redemption date for Brown Family Enterprises from Feb 2025 to Feb 2027.

## SEC filing metadata
- accession: 0000950170-24-087117
- form_type: 8-K
- ticker: GIPR
- cik: 0001651721
- company_name: GENERATION INCOME PROPERTIES, INC.
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1651721/000095017024087117/0000950170-24-087117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1651721/000095017024087117/gipr-20240724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-087117
- JSON: https://secwatch.observer/filing/0000950170-24-087117.json
- Plain text: https://secwatch.observer/filing/0000950170-24-087117.txt

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