Generation Income Properties extends mandatory redemption date for Loci Capital preferred equity to Sept. 30, 2026
GIPR•Preferred equity balance has declined
The preferred equity balance fell from about $20 million in 2025 to about $4.2 million.
Full payment would redeem Loci Capital’s interest in GIP VB SPE, ending its rights or obligations tied to the portfolio entity.
Redemption date extended to Sept. 30, 2026
Generation Income Properties said it reached a deal to extend Loci Capital’s preferred equity mandatory redemption date to Sept. 30, 2026.
A payoff letter set the redemption amount at about $4.2 million if redeemed on or before Sept. 30, 2026.
