Generation Income Properties, Inc. has reported the completion of a series of real estate transactions involving the reacquisition of a Washington, D.C. property and the sale of several other assets. On June 16, 2026, the company, through its partnership Generation Income Properties, LP, reacquired the net lease retail property at 3707-3711 14th Street, N.W., Washington, D.C., which is occupied by a 7-Eleven store. The reacquisition was facilitated by an assignment of limited liability company interests and a termination agreement with Brown Family Enterprises, LLC. In exchange for transferring the property's ownership back to the company, Brown received $600,000 in cash. The company resumed consolidating the asset effective June 16, 2026, and recognized a loss on the transfer of LLC interests of $185,069 during the six months ended June 30, 2026.
Separately, the company completed the sale of three other properties. On July 15, 2026, the company sold a single-tenant net-leased property occupied by the United States government at 991 Nut Tree Road in Vacaville, California, for a purchase price of $2,475,000. On August 21, 2026, the company sold a medical property occupied by Fresenius at 3134 West 76th Street in Chicago, Illinois, for a purchase price of $2,800,000. The same day, the company sold a portfolio of six Dollar General-occupied retail properties located in Texas, Ohio, Maine, and Pennsylvania. The aggregate purchase price for the Dollar General properties was $6,246,221, with net proceeds to the company totaling $2,685,000.
The company has provided unaudited pro forma financial statements that reflect the impact of these transactions. The pro forma balance sheet as of June 30, 2026, gives effect to the dispositions of the Dollar General properties, the Fresenius property, and the Vacaville property as if they had occurred on that date. The pro forma statements of operations for the six months ended June 30, 2026, and the year ended December 31, 2025, give effect to the reacquisition of the D.C. property and the dispositions as if they had occurred at the beginning of the respective periods.
