Document and Entity Information
Document and Entity Information | Aug. 10, 2023 |
Document Information [Line Items] | |
Document Type | 8-K/A |
Amendment Flag | true |
Document Period End Date | Aug. 10, 2023 |
Entity Registrant Name | GENERATION INCOME PROPERTIES, INC. |
Entity Central Index Key | 0001651721 |
Entity Emerging Growth Company | true |
Amendment Description | In this Current Report on Form 8-K/A, the terms "we", "us", "our" and the “Company” refer to Generation Income Properties, Inc. and its consolidated subsidiaries, unless the context indicates otherwise. On August 14, 2023, we filed a Current Report on Form 8-K (the "Original Form 8-K"), to report that on August 10, 2023, Generation Income Properties, Inc. and its operating partnership, Generation Income Properties, L.P. (“GIP Operating Partnership”), entered into an Agreement of Purchase and Sale (the “Purchase Agreement”) with Modiv Inc. and certain affiliates thereof (collectively, “Modiv”), pursuant to which GIP Operating Partnership purchased from Modiv a portfolio of 13 net leased properties (the “Modiv Portfolio”). The Modiv Portfolio consists of eleven (11) retail properties and two (2) office properties. As disclosed in the Original 8-K, the transactions contemplated by the Purchase Agreement closed on August 10, 2023. The properties comprising the Modiv Portfolio are located across seven states and aggregate approximately 200,000 rentable square feet. We are amending the Original Form 8-K to provide the historical financial statements required by Item 9.01(a) of Form 8-K and to provide the pro forma financial information required by Item 9.01(b) of Form 8-K, which financial statements and pro forma information were not included in the Original Form 8-K as permitted by Item 9.01(a)(3) and Item 9.01(b)(2) of Form 8-K. This amendment reports no other updates or amendments to the Original Form 8-K. |
Entity Ex Transition Period | false |
Entity File Number | 001-40771 |
Entity Incorporation, State or Country Code | MD |
Entity Tax Identification Number | 47-4427295 |
Entity Address, Address Line One | 401 East Jackson Street |
Entity Address, Address Line Two | Suite 3300 |
Entity Address, City or Town | Tampa |
Entity Address, State or Province | FL |
Entity Address, Postal Zip Code | 33602 |
City Area Code | (813) |
Local Phone Number | 448-1234 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Common Stock | |
Document Information [Line Items] | |
Title of 12(b) Security | Common Stock, par value $0.01 per share |
Trading Symbol | GIPR |
Security Exchange Name | NASDAQ |
Warrants | |
Document Information [Line Items] | |
Title of 12(b) Security | Warrants to purchase Common Stock |
Trading Symbol | GIPRW |
Security Exchange Name | NASDAQ |