Generation Income Properties Announces Agreement for Pending $3.1 Million Transaction

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Nov 02, 2021

TAMPA, FL / ACCESSWIRE / November 1, 2021 / Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIP" or the "Company") announced the signing of a definitive Purchase and Sale Agreement under which the Company will acquire an approximately 11,000 SF single-tenant retail building in Chicago, Illinois for total consideration of approximately $3.1 million. The Company expects to fund the acquisition with approximately 50% cash and 50% debt.