GENERATION INCOME PROPERTIES, INC. — fact timeline
Source-grounded facts extracted from GENERATION INCOME PROPERTIES, INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
GENERATION INCOME PROPERTIES, INC. entered into Warrant Agency Agreement with Continental Stock Transfer & Trust Company (effective 2026-06-01).
“on June 1, 2026, the Company entered into a warrant agency agreement with its transfer agent, Continental Stock Transfer & Trust Company, who will act as warrant agent for the Company, setting forth the terms and conditions of the Warrants sold in the offering (the “Warrant Agency Agreement”).”
Material Agreements
GENERATION INCOME PROPERTIES, INC. entered into Placement Agency Agreement with Maxim Group LLC (effective 2026-05-28).
“In connection with the Offering, on May 28, 2026, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with Maxim Group LLC, as placement agent”
Material Agreements
GENERATION INCOME PROPERTIES, INC. entered into Purchase Agreement with certain purchasers party thereto (effective 2026-05-28).
“On May 28, 2026, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain purchasers party thereto.”
M&A Transactions
GENERATION INCOME PROPERTIES, INC. completed a disposition involving Andrew Livingstone (subsequently assigned to 10002 N Dale Mabry, LLC) for $2,964,000 (closed 2026-05-22).
“as purchaser, and subsequently assigned to 10002 N Dale Mabry, LLC, a Florida limited liability company, as permitted assignee. The Property was sold for a purchase price of $2,964,000, subject to customary prorations and adjustments, resulting in net proceeds to the Company of $1,959,170. The foregoing description of the Purchase and Sale Agreement is qualified”
Material Agreements
GENERATION INCOME PROPERTIES, INC. entered into Loan Agreement with Hancock Whitney Bank valued at $3,800,000 (effective 2026-05-01).
“On May 1, 2026, LMB Auburn Hills I, LLC, an Ohio limited liability company, and LMB Lewiston, LLC, an Ohio limited liability company (together, the “Borrowers”), each indirect subsidiaries of Generation Income Properties, Inc. (the “Company”) through Generation Income Properties, L.P. (the “Operating Partnership”), entered into a Commercial Business Loan Agreement (the “Loan Agreement”) with Hancock Whitney Bank (the “Bank”), pursuant to which the Bank made a term loan to the Borrowers in the principal amount of $3,800,000 (the “Term Loan”).”
Debt Financings
GENERATION INCOME PROPERTIES, INC. incurred term loan of $3,800,000 with Hancock Whitney Bank at 5.70% per annum maturing May 1, 2031.
“On May 1, 2026, LMB Auburn Hills I, LLC, an Ohio limited liability company, and LMB Lewiston, LLC, an Ohio limited liability company (together, the “Borrowers”), each indirect subsidiaries of Generation Income Properties, Inc. (the “Company”) through Generation Income Properties, L.P. (the “Operating Partnership”), entered into a Commercial Business Loan Agreement (the “Loan Agreement”) with Hancock Whitney Bank (the “Bank”), pursuant to which the Bank made a term loan to the Borrowers in the principal amount of $3,800,000 (the “Term Loan”).”
Matthew Stein was elected as Director at GENERATION INCOME PROPERTIES, INC..
“Also on May 7, 2026, prior to the above-described director resignations, the Board elected Jess Johnson, Timothy Murray, and Matthew Stein to serve as Directors of the Company effective as of 12:01 a.m. Eastern Time on May 8, 2026”
Timothy Murray was elected as Director at GENERATION INCOME PROPERTIES, INC..
“Also on May 7, 2026, prior to the above-described director resignations, the Board elected Jess Johnson, Timothy Murray, and Matthew Stein to serve as Directors of the Company effective as of 12:01 a.m. Eastern Time on May 8, 2026”
Jess Johnson was elected as Director at GENERATION INCOME PROPERTIES, INC..
“Also on May 7, 2026, prior to the above-described director resignations, the Board elected Jess Johnson, Timothy Murray, and Matthew Stein to serve as Directors of the Company effective as of 12:01 a.m. Eastern Time on May 8, 2026”
Patrick Quilty resigned as Director at GENERATION INCOME PROPERTIES, INC..
“On May 7, 2026, each of Benjamin Adams, Gena Cheng and Patrick Quilty submitted their respective resignations as members of the Board of Directors (the “Board”) of Generation Income Properties, Inc. (the “Company”).”
Gena Cheng resigned as Director at GENERATION INCOME PROPERTIES, INC..
“On May 7, 2026, each of Benjamin Adams, Gena Cheng and Patrick Quilty submitted their respective resignations as members of the Board of Directors (the “Board”) of Generation Income Properties, Inc. (the “Company”).”
Benjamin Adams resigned as Director at GENERATION INCOME PROPERTIES, INC..
“On May 7, 2026, each of Benjamin Adams, Gena Cheng and Patrick Quilty submitted their respective resignations as members of the Board of Directors (the “Board”) of Generation Income Properties, Inc. (the “Company”).”
M&A Transactions
GENERATION INCOME PROPERTIES, INC. completed a disposition involving Vanguard Asset Holdings, LLC, Series 102 for $1,458,000 (closed 2026-04-17).
“GIPGA 2383 Lake Harbin Road, LLC, an indirect wholly owned subsidiary of Generation Income Properties, Inc. (the “Company”), completed the sale of its Dollar Tree-occupied net lease retail property located at 2383 Lake Harbin Road in Morrow, Georgia (the “Property”), pursuant to a Purchase and Sale Agreement (as amended, the “Morrow Purchase and Sale Agreement”), entered into effective as of March 23, 2026, by and between GIPGA 2383 Lake Harbin Road, LLC, as seller, and Vanguard Asset Holdings, LLC, Series 102, as purchaser, as amended on April 2, 2026 (the “First Amendment”). The Property was sold for a purchase price of $1,458,000, subject to customary prorations and adjustments, resulting in net proceeds to the Company of $639,152.49.”
Material Agreements
GENERATION INCOME PROPERTIES, INC. amended Second Amended and Restated Limited Liability Company Agreement with JCWC Funding LLC (effective 2026-04-13).
“On April 13, 2026, Generation Income Properties, L.P., the operating partnership (the “Operating Partnership”) of Generation Income Properties, Inc. (the “Company”), entered into a Second Amended and Restated Limited Liability Company Agreement (the “Second A&R Agreement”) of GIPIA 1220 S. Duff Avenue, LLC, a Delaware limited liability company (the “Iowa SPE”), by and among the Iowa SPE, the Operating Partnership, and JCWC Funding LLC, a Florida limited liability company (“JCWC”).”
Equity Issuances
GENERATION INCOME PROPERTIES, INC. issued 60,000 Conversion Shares of common stock to Silverback Capital Corporation for $26,304.
“On February 18, 2026, the Noteholder converted $26,304 of the balance of the First Amended Note into an aggregate of 60,000 Conversion Shares.”
Material Agreements
GENERATION INCOME PROPERTIES, INC. amended First Amended Note with Silverback Capital Corporation valued at $551,437 (effective 2026-02-10).
“On February 10, 2026, Generation Income Properties, Inc. (the “Company”) entered into an Amended and Restated Convertible Note (the “First Amended Note”) in the principal amount of $551,437 with Silverback Capital Corporation (the “Noteholder”).”
M&A Transactions
GENERATION INCOME PROPERTIES, INC. completed a disposition for $1,950,000 in cash (closed 2025-10-30).
“at 702 Tillman Place in Plant City, Florida (the “Plant City Property”), completed on October 30, 2025. The Original 8-K disclosed the sale of the Plant City Property for $1,950,000 in cash, subject to customary prorations and adjustments. At the time of filing the Original 8-K, the financial statements and pro forma financial information required by Item”
M&A Transactions
GENERATION INCOME PROPERTIES, INC. completed a disposition involving Thompson, Inc. for $6,702,000 (closed 2025-12-15).
“price of $6,850,000 was reduced by $148,000 in connection with certain elevator and restroom repair items identified during due diligence, resulting in a final purchase price of $6,702,000, subject to customary prorations and adjustments. In connection with the First Amendment, the buyer agreed to waive and release any related claims against the Company, and the”
M&A Transactions
GENERATION INCOME PROPERTIES, INC. completed a disposition involving Realty Income Properties 26, LLC for $4,972,704 (closed 2025-12-05).
“by and between GIPCO 585 24 1⁄2 Road, LLC, as seller, and Realty Income Properties 26, LLC, as buyer. The Grand Junction Property was sold for a gross purchase price of $4,972,704 in cash, subject to customary prorations and adjustments. At the time of sale, the Grand Junction Property was leased to Best Buy Stores, L.P. pursuant to a lease originally dated”
Debt Financings
GENERATION INCOME PROPERTIES, INC. incurred loan of $125,000 with QCCR Investments, LLC at 12% per annum maturing 9 months from the date of the Promissory Note.
“On February 12, 2026, GIPVA 2510 Walmer Ave., LLC (the “Borrower”), an indirect subsidiary of Generation Income Properties, Inc. (the “Company”), entered into a loan transaction for a $125,000 loan that is evidenced by a Promissory Note, dated February 12, 2026 (the "Promissory Note"), payable to QCCR Investments, LLC ("Lender").”
Listing & Compliance Notices
GENERATION INCOME PROPERTIES, INC. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).
“February 5, 2026, following the Staff’s review of the Company’s plan to regain compliance with the Equity Requirement submitted on October 6, 2025 and January 28, 2026, the Company received a letter (the “ Notice ”) indicating that the Staff has determined to deny the Company’s request for continued listing on The Nasdaq Capital Market. Pursuant to the Notice, the Staff determined that the Company did not provide a definitive plan evidencing its ability to achieve near term compliance with the continued listing requirements or sustain such compliance over an extended period of time. As a resul”
Listing & Compliance Notices
GENERATION INCOME PROPERTIES, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
“January 28, 2026, Generation Income Properties, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company’s consolidated closing bid price has been below $1.00 per share for 35 consecutive business days as of January 27, 2026, and that, therefore, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which is the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The notice does not result in the immediate delisting of the Company’s common stock from The Nasdaq Capital Market. Pursuant to Nasdaq”
M&A Transactions
GENERATION INCOME PROPERTIES, INC. completed a disposition involving an individual purchaser for $1,950,000 in cash (closed 2025-10-30).
“17, 2025, by and between GIPFL 702 Tillman Place, LLC, as seller, and an individual purchaser, as amended on October 15, 2025. The property was sold for a purchase price of $1,950,000 in cash, subject to customary prorations and adjustments. At the time of sale, the property was vacant. The foregoing description of the Purchase and Sale Agreement, including the”
Listing & Compliance Notices
GENERATION INCOME PROPERTIES, INC. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
“August 20, 2025, Generation Income Properties, Inc. (the “Company”) received notice (the “Nasdaq Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) advising the Company that it is not in compliance with the minimum stockholders’ equity requirement for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(1) requires companies listed on The Nasdaq Capital Market to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing. In the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, the Company reported a stockholders’ equity d”
Debt Financings
GENERATION INCOME PROPERTIES, INC. incurred mortgage of $1.1 million with Valley National Bank at 6.50% per annum maturing June 13, 2030.
“pursuant to which the Lender made a mortgage loan in the original principal amount of $1.1 million”
Debt Financings
GENERATION INCOME PROPERTIES, INC. incurred guarantee with Chase Commercial Realty, Inc. d/b/a NAI Chase.
“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.”
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.
“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.”
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.
“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”).”
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.
“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”).”
M&A Transactions
GENERATION INCOME PROPERTIES, INC. completed a disposition involving Titomic, USA, Inc. for $7,200,000, in cash (closed 2025-05-29).
“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”
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).
“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”
Debt Financings
GENERATION INCOME PROPERTIES, INC. incurred loan of $1 million with Brown Family Enterprises, LLC at 16% per annum maturing the 180th day after the issuance of the Promissory Note.
“On April 25, 2025, Generation Income Properties, Inc. (the “Company”), through its operating partnership Generation Income Properties L.P. (the “Operating Partnership”), entered into a loan transaction for a $1.0 million loan that is evidenced by a secured non-convertible promissory note (the "Promissory Note") payable to Brown Family Enterprises, LLC ("Lender") in the original principal amount of $1 million.”
M&A Transactions
GENERATION INCOME PROPERTIES, INC. completed an acquisition involving LMB Lewiston, LLC, LMB Ft. Kent, LLC, LMB Auburn Hills I, LLC, and Lloyd M. Bernstein (closed 2025-02-06).
“On February 6, 2025, pursuant to the Contribution Agreement, the Company, through the Operating Partnership and its Affiliated Entities acquired the SPV Interests in the SPVs.”
Ron Cook changed role as Vice President of Accounting and Finance at GENERATION INCOME PROPERTIES, INC..
“On January 1, 2025, the Company and Cook Financial Partners, LLC (“Consultant”), an entity wholly owned and controlled by Ron Cook (the Company’s current Vice President of Accounting and Finance), entered into an Independent Consulting Agreement (the “Cook Agreement”). Under the Cook Agreement and on behalf of Consultant, Mr Cook will continue to serve as the Company’s Vice President of Accounting and Finance”
Betsy Peck resigned as Director at GENERATION INCOME PROPERTIES, INC..
“On December 31, 2024, Generation Income Properties, Inc. (the “Company”) received by email a resignation letter from Betsy Peck, a member of the Board of Directors (the “Resignation Letter”), pursuant to which Ms. Peck notified the Company of her resignation from the Board of Directors effective December 31, 2024, for personal reasons.”
M&A Transactions
GENERATION INCOME PROPERTIES, INC. completed an acquisition involving Duff Daniels, LLC, Westbrook Daniels, LLC, and Westbrook Wolf, LLC (collectively, the Seller) for $5.5 million (closed 2024-08-23).
“Daniels, LLC, an Iowa limited liability company, and Westbrook Wolf, LLC, an Iowa limited liability company (collectively, the “Seller”), at a purchase price of approximately $5.5 million, excluding transaction costs (as amended, the “Ames Purchase and Sale Agreement”). Pursuant to an Assignment and Assumption of Purchase and Sale Agreement, effective as of August”
Earnings Releases
GENERATION INCOME PROPERTIES, INC. reported year ended December 31, 2023 results: net income net loss attributable to GIP common shareholders of $6.2 million, EPS $2.46 per basic and diluted share.
“Generated net loss attributable to GIP common shareholders of $6.2 million, or $2.46 per basic and diluted share.”
Ron Cook was appointed as Vice President of Accounting at GENERATION INCOME PROPERTIES, INC..
“On November 10, 2023, the Board of Directors of Generation Income Properties, Inc. (the “Company”) appointed Ron Cook to serve as the Company's Vice President of Accounting effective as of November 15, 2023.”
Earnings Releases
GENERATION INCOME PROPERTIES, INC. reported third quarter ended September 30, 2023 results: net income ($1.8 million), or ($0.70) per basic and diluted share, EPS ($0.70) per basic and diluted share.
“Generated net loss attributable to common shareholders of ($1.8 million), or ($0.70) per basic and diluted share.”
Shareholder Votes
GENERATION INCOME PROPERTIES, INC. shareholders approved Approval, for purposes of complying with Nasdaq Listing Rule 5635, the issuance of shares of the Company's common stock upon a potential redemption of shares of the Company's Series A Redeemable Preferred Stock at the 2023-11-09 meeting.
“Proposal 1 – Approval, for purposes of complying with Nasdaq Listing Rule 5635, the issuance of shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), upon a potential redemption of shares of the Company’s Series A Redeemable Preferred Stock, par value $0.01 per share. FOR AGAINST ABSTAIN BROKER NON-VOTE 1,234,979 78,002 11,857 0”
Allison Davies resigned as Chief Financial Officer and Treasurer at GENERATION INCOME PROPERTIES, INC..
“On September 28, 2023, Allison Davies, Chief Financial Officer and Treasurer of Generation Income Properties, Inc. (the “ Company ”), delivered a letter of resignation to the Company, pursuant to which Ms. Davies indicated her intent to resign as Chief Financial Officer and Treasurer, effective November 15, 2023 upon the filing of the Company’s Quarterly Report on Form 10-Q for the three months ended September 30, 2023.”
Material Agreements
GENERATION INCOME PROPERTIES, INC. entered into Tenant in Common Purchase Agreement with SunnyRidge MHP, LLC valued at approximately $1.3 million (effective 2023-09-07).
“On September 7, 2023, Generation Income Properties, Inc. (the “ Company ”), through its subsidiary GIPIL 525 S Perryville Rd, LLC (" Buyer "), entered into a Tenant in Common Purchase Agreement (the “ Purchase Agreement ”) with SunnyRidge MHP, LLC (" Seller ") pursuant to which the Buyer purchased the Seller’s 50% undivided tenant-in-common interest in the Company’s Rockford, Illinois property”
Governance Changes
GENERATION INCOME PROPERTIES, INC.: Filed Articles Supplementary designating rights, preferences and privileges of Series A Preferred Stock (effective 2023-08-10).
“On August 10, 2023, the Company filed the Articles Supplementary for the Series A Preferred Stock with the SDAT designating the rights, preferences and privileges of the Series A Preferred Stock.”
M&A Transactions
GENERATION INCOME PROPERTIES, INC. completed an acquisition involving Modiv Inc. for $42 million (closed 2023-08-10).
“The properties comprising the Portfolio are located across seven states and aggregate approximately 200,000 rentable square feet. The purchase price paid for the Portfolio was $42 million, excluding estimated transaction costs and expenses of $1.6 million and subject to prorations and credits as set forth in the Purchase Agreement. An amount equal to $30 million”
Earnings Releases
GENERATION INCOME PROPERTIES, INC. reported second quarter ended June 30, 2023 results: net income net loss attributable to GIPR of ($881 thousand), or ($0.34) per basic and diluted share, EPS ($0.34) per basic and diluted share.
“Generated net loss attributable to GIPR of ($881 thousand), or ($0.34) per basic and diluted share.”
Material Agreements
GENERATION INCOME PROPERTIES, INC. amended Amended and Restated Promissory Note with Brown Family Enterprises, LLC valued at from $1.5 million to $5.5 million (effective 2023-07-21).
“amended and restated its previously disclosed Secured Promissory Note, dated October 14, 2022 (the "Note"), payable to Brown Family Enterprises, LLC ("Lender"), and the related Security Agreement with the Lender, dated October 14, 2022 (the “Security Agreement”), to reflect an increase in the Note and the loan evidenced thereby (the “Loan”) from $1.5 million to $5.5 million”
Shareholder Votes
GENERATION INCOME PROPERTIES, INC. shareholders approved Ratification of the appointment of MaloneBailey LLP as the Company’s independent registered public accounting firm for fiscal year 2023 at the 2023-06-02 meeting.
“Proposal 2 – Ratification of the appointment of MaloneBailey LLP as the Company’s independent registered public accounting firm for fiscal year 2023: FOR AGAINST ABSTAIN 1,817,358 17,369 8,531”
Shareholder Votes
GENERATION INCOME PROPERTIES, INC. shareholders approved Election of Directors at the 2023-06-02 meeting.
“Proposal 1 – Election of Directors: FOR AGAINST ABSTAIN BROKER NON-VOTE David Sobelman 909,667 20,219 5,408 907,964 Benjamin Adams 861,996 19,884 53,414 907,964 Gena Cheng 836,052 45,805 53,437 907,964 Stuart Eisenberg 850,255 31,599 53,440 907,964 Betsy Peck 834,662 47,192 53,440 907,964 Patrick Quilty 850,081 31,770 53,443 907,964”
Earnings Releases
GENERATION INCOME PROPERTIES, INC. reported first quarter ended March 31, 2023 results: net income ($1.3 million), EPS ($0.52) per basic and diluted share.
“Generated net loss attributable to GIPR of ($1.3 million), or ($0.52) per basic and diluted share.”
Material Agreements
GENERATION INCOME PROPERTIES, INC. terminated Purchase and Sale Agreement with Harbor Terrace Limited Partnership valued at $8.2 million (effective 2023-04-03).
“On April 3, 2023, Generation Income Properties L.P., the operating partnership of Generation Income Properties, Inc., elected to exercise its right to terminate the previously disclosed Purchase and Sale Agreement with Harbor Terrace Limited Partnership to acquire an approximately 48,000 square foot single-tenant retail building in Overland Park, KS for total consideration of $8.2 million per its findings during the inspection period.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.