RRT says proposes to acquire majority ownership of Generation Income Properties

Resurgent Realty Trust, a shareholder of Generation Income Properties (GIPR), issued an open letter requesting the Board of Directors fulfill its fiduciary duty by engaging with RRT to discuss the non-binding term sheet RRT submitted to GIPR’s Board of Directors on January 30, 2025. “As a shareholder of GIPR, RRT continues to believe significant, unrealized value exists and has continued to make efforts to establish a constructive dialogue with GIPR management and Board. RRT is proposing to acquire majority ownership of GIPR, thereby allowing it to effect a change in Board composition, senior management and the Company’s strategic direction,” RRT said in a statement.