Subsidiary Preferred Equity Redemption

On December 16, 2019, Generation Income Properties, L.P. (the “Operating Partnership”), a subsidiary of Generation Income Properties, Inc. (the “Company” or “GIP”), issued a non-convertible promissory note from a private investor for $1.9 million that is due in 24 months and bears an interest rate of 10%. The loan is repayable without penalty at any time. The loan is secured by all of the personal property assets of the Operating Partnership.

On December 18, 2019, GIP redeemed 100% of the preferred equity investment held by TC Huntsville, LLC in GIPAL JV 15091 SW ALABAMA 20, LLC, the joint venture entity holding GIP’s Alabama property, for approximately $2.4 million using proceeds from the $1.9 million note and existing cash.

The information furnished in this Item 9.0, including Exhibits 6.1, 6.2 and 6.3, is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under that Section. This information will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference.

Safe Harbor Statement

This Current Report on Form 1-U contains forward-looking statements within the meaning of the federal securities laws. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled “Risk Factors” in our Offering Circular, as such factors may be updated from time to time in our periodic filings and Offering Circular supplements filed with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our filings with the SEC. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

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