GENERATION INCOME PROPERTIES, INC. (GIPR): M&A transaction — GIPR sells two properties for $10.65M, repays $10.5M CMBS loan; CEO loans $610k for closing costs

GENERATION INCOME PROPERTIES, INC.

Sold Starbucks-occupied Tampa retail for $3.45M and Auburn-occupied Huntsville industrial for $7.2M; total $10.65M cash.
Full repayment of ~$10.5M CMBS loan serviced by PNC Bank; remaining CMBS-encumbered 7-Eleven in D.C. now unleveraged.
Issued $332k promissory note at 7.5% to NAI Chase and $103.5k at 0% to SRS for broker fees; both due Dec 31, 2025.
CEO David Sobelman's trust provided $610k loan at 5.75% for closing costs; due Aug 31, 2025; CEO also personally guaranteed the $332k note.

item 1.01 item 2.01 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GENERATION INCOME PROPERTIES, INC. incurred guarantee with Chase Commercial Realty, Inc. d/b/a NAI Chase.

Instrument: guarantee
Counterparty: Chase Commercial Realty, Inc. d/b/a NAI Chase
Event: incurrence

Exact text from the filing

On May 29, 2025, the Company’s Chief Executive Officer, David Sobelman (the "Guarantor") executed a Personal Guaranty (the “Guaranty”) in favor of Chase, in connection with the loan made by Chase to the Operating Partnership pursuant to the Chase Promissory Note.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GENERATION INCOME PROPERTIES, INC. incurred loan of $332,000.00 with Chase Commercial Realty, Inc. d/b/a NAI Chase at 7.5% per annum maturing December 31, 2025.

Instrument: loan
Principal: $332,000.00
Counterparty: Chase Commercial Realty, Inc. d/b/a NAI Chase
Rate: 7.5% per annum
Maturity: December 31, 2025
Event: incurrence

Exact text from the filing

On May 29, 2025, the Company, through its operating partnership Generation Income Properties L.P. (the “Operating Partnership”), entered into a loan transaction for $332,000.00 that is evidenced by a promissory note (the “NAI Chase Promissory Note”) issued to Chase Commercial Realty, Inc. d/b/a NAI Chase (“Chase”).

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GENERATION INCOME PROPERTIES, INC. incurred loan of $610,000.00 with David E. Sobelman Revocable Trust at 5.75% per annum maturing August 31, 2025.

Instrument: loan
Principal: $610,000.00
Counterparty: David E. Sobelman Revocable Trust
Rate: 5.75% per annum
Maturity: August 31, 2025
Event: incurrence

Exact text from the filing

On May 29, 2025, the Company, through the Operating Partnership, entered into a loan transaction with David Sobelman, the Company’s Chief Executive Officer, for $610,000.00 to fund closing costs relating to the sale of the Company’s Auburn University-occupied industrial building located in Huntsville, Alabama and Starbucks-occupied retail building located in Tampa, Florida, as further described under Item 2.01 above.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GENERATION INCOME PROPERTIES, INC. incurred loan of $103,500.00 with SRS Real Estate Partners, LLC at 0% per annum maturing December 31, 2025.

Instrument: loan
Principal: $103,500.00
Counterparty: SRS Real Estate Partners, LLC
Rate: 0% per annum
Maturity: December 31, 2025
Event: incurrence

Exact text from the filing

On May 29, 2025, GIPFL 1300 S Dale Mabry, LLC (“GIPFL”), an indirect wholly owned subsidiary of the Company, entered into a loan transaction for $103,500.00 that is evidenced by a promissory note (the “SRS Promissory Note”) issued to SRS Real Estate Partners, LLC. (“SRS”).

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

GENERATION INCOME PROPERTIES, INC. completed a disposition involving 1300 Dale Mabry Holdings LLC for $3,450,000, in cash (closed 2025-05-29).

Action: disposition
Counterparty: 1300 Dale Mabry Holdings LLC
Consideration: $3,450,000, in cash
Closing: 2025-05-29

Exact text from the filing

and 6800 4 th Street Holdings LLC, as purchaser, as amended effective May 2, 2025 and subsequently assigned by purchaser to 1300 Dale Mabry Holdings LLC, for a purchase price of $3,450,000, in cash, subject to customary pro-rations and adjustments. On May 29, 2025, GIPAL JV 15091 SW Alabama 20, LLC, an indirect wholly owned subsidiary of the Company, completed the

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

GENERATION INCOME PROPERTIES, INC. completed a disposition involving Titomic, USA, Inc. for $7,200,000, in cash (closed 2025-05-29).

Action: disposition
Counterparty: Titomic, USA, Inc.
Consideration: $7,200,000, in cash
Closing: 2025-05-29

Exact text from the filing

GIPAL JV 15091 SW Alabama 20, LLC , as seller, and Titomic, USA, Inc., as purchaser, as amended effective April 7, 2025, May 9, 2025 and May 29, 2025, for a purchase price of $7,200,000, in cash, subject to customary pro-rations and adjustments. The foregoing summaries of the terms and conditions of the Florida Purchase and Sale Agreement and the Alabama Purchase

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GENERATION INCOME PROPERTIES, INC. filing history →

Source: SEC EDGAR

accession 0000950170-25-081765

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