--- schema_version: "secwatch.filing_event.v1" accession: "0000950170-25-081765" form_type: "8-K" ticker: "GIPR" cik: "0001651721" company_name: "GENERATION INCOME PROPERTIES, INC." filed_at: "2025-06-05T23:59:59+00:00" generated_at: "2026-05-19T22:05:38.170117+00:00" event_type: "other_material" sentiment: "positive" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # GIPR sells two properties for $10.65M, repays $10.5M CMBS loan; CEO loans $610k for closing costs ## Summary - 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. ## SEC filing metadata - accession: 0000950170-25-081765 - form_type: 8-K - ticker: GIPR - cik: 0001651721 - company_name: GENERATION INCOME PROPERTIES, INC. - filed_at: 2025-06-05T23:59:59+00:00 - event_type: other_material - sentiment: positive - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 2.01, 2.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1651721/000095017025081765/0000950170-25-081765-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1651721/000095017025081765/gipr-20250529.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950170-25-081765 - JSON: https://secwatch.observer/filing/0000950170-25-081765.json - Plain text: https://secwatch.observer/filing/0000950170-25-081765.txt ## Key facts - Debt Financings 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1651721/000095017025081765/0000950170-25-081765-index.htm - Debt Financings 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 source text: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1651721/000095017025081765/0000950170-25-081765-index.htm - Debt Financings 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1651721/000095017025081765/0000950170-25-081765-index.htm - Debt Financings 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 source text: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1651721/000095017025081765/0000950170-25-081765-index.htm - M&A Transactions 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1651721/000095017025081765/0000950170-25-081765-index.htm - M&A Transactions 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1651721/000095017025081765/0000950170-25-081765-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.