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The latest announcement is out from Generation Income Properties (GIPR).
Generation Income Properties, Inc. has successfully expanded its real estate portfolio with the strategic acquisition of a 30,465 square-foot, fully leased retail property in Ames, Iowa, for approximately $5.5 million. Financing for this investment included both preferred equity and debt, with JCWC contributing around $3 million in preferred equity and Valley National Bank providing a $2.495 million loan. The property boasts a secured lease with Best Buy until at least 2030, promising a steady flow of rental income. This acquisition underscores the Company’s commitment to growth and investment in income-generating real estate assets.
Learn more about GIPR stock on TipRanks’ Stock Analysis page.