Company: GIPRW
Filing Date: 2025-08-13
Form Type: 8-K
Source: 0000950170-25-108043
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Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-08-13
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement

On August 9, 2025, Generation Income Properties, L. P. (“ GIP LP”), the operating partnership of Generation Income Properties, Inc. (the “ Company”), exercised its first 12-month extension option under the Amended and Restated Limited Liability Company Agreement (the “ LLC Agreement”) of GIP VB SPE, LLC (the “ JV Entity”), dated as of August 10, 2023, between GIP LP, as member and manager, and LC2-NNN Pref, LLC (the “ Loci Member”).

Pursuant to Section 4.3(b) of the LLC Agreement, the August 10, 2025 mandatory redemption date of the Loci Member’s preferred equity investment was extended to 36 months from August 10, 2023 effective date of the LLC Agreement. In connection with the extension:

• GIP LP paid the Loci Member an extension fee of $141,000, equal to 100 basis points on the outstanding amount of the preferred equity investment.

• The preferred equity return was increased from 15.5% to 18%.

• The Accrued Preferred Return (as defined in the LLC Agreement) was increased from 10.5% to 13%, with the Current Preferred Return (as defined in the LLC Agreement) remaining at 5%, payable in arrears on or prior to the 15th day of each month.

• GIP LP confirmed that the trailing six-month annualized Adjusted Net Operating Income (as defined in the LLC Agreement) of the JV Entity exceeded $5,000,000, the Senior Loans (as defined in the LLC Agreement) had been extended through the end of the extension period, and there were no material breaches or defaults under the LLC Agreement or related agreements.

The foregoing description is qualified in its entirety by reference to the letter agreement dated August 9, 2025, which is filed as Exhibit 10.1 hereto and incorporated herein by reference, and the LLC Agreement.

Item 7.01 Regulation FD Disclosure