---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-060280"
form_type: "8-K"
ticker: "MDV"
cik: "0001645873"
company_name: "MODIV INDUSTRIAL, INC."
filed_at: "2024-01-02T23:59:59+00:00"
generated_at: "2026-06-07T05:19:06.784163+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Modiv Industrial Declares 0.28-Share GIPR Distribution; Provides Business Update on Sales and Strategic Partner

## Summary
- Declared stock distribution of 0.28 shares of GIPR common per share of MDV common stock and per Modiv OP Class C Unit, payable on/about Jan 31, 2024.
- GIPR to redeem its Series A Preferred Stock for 2,794,597 shares of GIPR common; Modiv retains ~5%, distributes remainder to MDV stockholders.
- One-time dividend of $1.11 of GIPR stock per MDV share, a 7.4% yield based on MDV's recent closing price.
- Under contract to sell non-core office properties (Cummins in Nashville, Levins in Sacramento) and Costco industrial center in Issaquah, WA, with closings in 1Q24 and 2025.
- Nine NDAs signed with potential strategic partners; ideal arrangement is a joint venture to increase float and market cap.

## SEC filing metadata
- accession: 0001140361-23-060280
- form_type: 8-K
- ticker: MDV
- cik: 0001645873
- company_name: MODIV INDUSTRIAL, INC.
- filed_at: 2024-01-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1645873/000114036123060280/0001140361-23-060280-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1645873/000114036123060280/ef20017684_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-060280
- JSON: https://secwatch.observer/filing/0001140361-23-060280.json
- Plain text: https://secwatch.observer/filing/0001140361-23-060280.txt

## Key facts
- Material Agreements
  MODIV INDUSTRIAL, INC. amended First Amendment to the Agreement of Purchase and Sale with Generation Income Properties, L.P. valued at Modiv Industrial, Inc. entered into a First Amendment to the Agreement of Purchase and Sale, modifyi (effective 2023-12-28).
  - Action: amendment
  - Agreement: asset purchase
  - Counterparty: Generation Income Properties, L.P.
  - Value: Modiv Industrial, Inc. entered into a First Amendment to the Agreement of Purchase and Sale, modifyi
  - Effective: 2023-12-28
  source text: On December 28, 2023, Modiv Industrial, Inc. (“Modiv Industrial” or the “Company”), entered into a First Amendment (the “First Amendment”) to the Agreement of Purchase and Sale by and among the Company, certain subsidiaries of the Company, Generation Income Properties, L.P., a Delaware limited partnership, and Generation Income Properties, Inc., a Maryland corporation (“GIPR”), dated August 10, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1645873/000114036123060280/0001140361-23-060280-index.htm

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