Generation Income Properties, Inc. (Nasdaq: GIPR) announced on September 25, 2026, the completion of a redemption that fully satisfied its remaining preferred equity obligation to Loci Capital Partners. The company confirmed that it has retired a preferred investment worth approximately $4.2 million.
The redemption was finalized on September 24, 2026, and was funded through a warrant exercise transaction disclosed in the company’s Form 8-K filed on September 21, 2026. According to the filing, the total cost of the redemption, including remaining payments and associated costs, was $4,160,217.
The preferred equity was issued to Loci Capital Partners, an affiliate of Loci Capital Partners, as partial financing for a portfolio of properties acquired from Modiv Inc. in August 2023. The properties were acquired through a special purpose subsidiary named GIP VB SPE, LLC.
Following the transaction, Loci Capital no longer owns a preferred equity investment in the company’s subsidiaries. The company stated that the removal of this liability simplifies its capital structure and improves its financial position.
In a letter to shareholders, CEO David Sobelman noted that the retirement of the Loci preferred stock is a significant milestone toward the company’s objectives of simplifying its balance sheet and improving stockholders’ equity. The company also highlighted that its real estate portfolio remains resilient, with rent collections and portfolio occupancy at 100%.
The company is currently focused on maintaining a closing bid price of at least $1.00 per share to satisfy Nasdaq listing requirements. While a reverse stock split remains an available option, the company stated it is not its preferred approach.
