On Tuesday, Generation Income Properties, a real estate investment trust, announced it has received approval from the Securities and Exchange Commission (SEC) to raise capital through Regulation A+ as part of its growth plans. The company is looking to secure $20 million.
Generation’s founder and CEO David Sobelman, stated in a release that the conservative nature of the investments, as well as the cautious underwriting that will be used for each asset, will cause the aggregate value of the portfolio to increase as the REIT continues to grow.
Generation Income Properties goal is to invest in the top 20 highest density U.S. cities. The company stated that it acquires the most conservative, credit-worthy, long-term real estate assets with the understanding that the underlying real estate is ultimately irreplaceable.
Generation Income Properties is now accepting investments from investors, including investors committed to become early investors. The company noted that it is planning to raise capital prior to its Initial Public Offering (IPO) and intends to be listed on OTCQB marketplace.
The SEC filing may be viewed here.
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