Generation Income Properties Inc. Successfully Completes Full Repayment of $10.5 Million CMBS Loan with Recent Property Sales

Reuters
06-05
<a href="https://laohu8.com/S/GIPR">Generation Income Properties Inc.</a> Successfully Completes Full Repayment of $10.5 Million CMBS Loan with Recent Property Sales

Generation Income Properties, Inc. (NASDAQ:GIPR) has announced the successful sale of two properties, resulting in the full repayment of a commercial mortgage-backed securities $(CMBS)$ loan. The assets sold include an Auburn University-occupied industrial building in Huntsville, Alabama, and a Starbucks-occupied retail property in Tampa, Florida. This transaction paid off the approximately $10.5 million principal balance of the loan, leaving GIPR's remaining CMBS-encumbered property, a 7-Eleven in Washington, D.C., unleveraged. CEO David Sobelman highlighted that these transactions are a significant milestone in the company's efforts to streamline its balance sheet and enhance its portfolio. With the CMBS loan retired, GIPR is now positioned with a cleaner capital structure and improved operational flexibility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Generation Income Properties Inc published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1035819) on June 04, 2025, and is solely responsible for the information contained therein.

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