GIPR acquires three retail properties via $4.2M OP unit issuance and $7.0M debt assumption

GENERATION INCOME PROPERTIES, INC.

Acquired 100% leased Dollar General (TN), Tractor Supply (NC), and Zaxby's (FL) properties on Feb 6, 2025.
Consideration: 698,465 Series B-2 preferred units valued at $6.00/unit ($4.2M) plus assumption of $7.0M in existing debt.
Properties generated ~$789K rental income in 2024; net revenues of ~$676K after property-level expenses.
Debt assumed includes 3.5% ($1.25M due 2026), 2.9% ($3.26M due 2031), and 6.29% ($2.5M due 2026) fixed-rate loans.
Transaction structured as UPREIT contribution from Lloyd M. Bernstein; pro forma financials filed as Exhibit 99.2.

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