---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-124245"
form_type: "8-K/A"
ticker: "GIPR"
cik: "0001651721"
company_name: "GENERATION INCOME PROPERTIES, INC."
filed_at: "2024-11-08T23:59:59+00:00"
generated_at: "2026-05-30T02:51:18.960362+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Generation Income Properties completes $5.5M acquisition of Ames, IA retail property leased to Best Buy

## Summary
- Acquired 30,465 sq ft single-tenant retail property in Ames, Iowa on August 23, 2024 for ~$5.5M.
- Property is 100% triple-net leased to Best Buy through March 2030 with two five-year renewal options.
- Funded by $3.08M preferred equity from JCWC Funding and $2.495M debt from Valley National Bank.
- Property generated $535,419 rental revenue and $405,470 excess over certain expenses in FY2023.
- Pro forma financial statements filed to reflect acquisition as if effective January 1, 2023.

## SEC filing metadata
- accession: 0000950170-24-124245
- form_type: 8-K/A
- ticker: GIPR
- cik: 0001651721
- company_name: GENERATION INCOME PROPERTIES, INC.
- filed_at: 2024-11-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1651721/000095017024124245/0000950170-24-124245-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1651721/000095017024124245/gipr-20240823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-124245
- JSON: https://secwatch.observer/filing/0000950170-24-124245.json
- Plain text: https://secwatch.observer/filing/0000950170-24-124245.txt

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