Generation Income Properties, Inc. announced the completion of a three-property UPREIT contribution transaction valued at $11.2 million. This transaction underscores the company's dedication to long-term investment strategies and value creation for its stakeholders.
Under the terms of the agreement, a portfolio of three high-quality retail properties was contributed to GIPR's operating partnership. These properties are leased to Tractor Supply Corporation (S&P: BBB), Dollar General (S&P: BBB), and a Zaxby's restaurant.
The acquisition of assets leased to investment-grade tenants in core markets is a strategic move. This enhances the quality and stability of GIPR's portfolio, supporting its operational base.
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