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David Sobelman Converts Debt to Equity at Generation Income Properties with 33.22% Stake

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David Sobelman disclosed a 33.22% stake in Generation Income Properties, Inc. through a Schedule 13D filing. On July 24, 2026, he agreed to convert $120,000 of debt into 162,163 shares of common stock. The move boosts his ownership to 396,160 shares and tightens alignment with other shareholders.

Investor Intent

Sobelman and the David E. Sobelman Revocable Trust entered a Debt Conversion Agreement to exchange $120,000 of a 2025 promissory note for 162,163 shares. The filing states the purpose was to convert debt into shares, and it does not outline additional plans such as board changes or strategic actions.

Investor's Background

David Sobelman is the Chairman, President, and CEO of Generation Income Properties, Inc., a Maryland corporation. He is an American real estate executive with deep experience in net-lease properties and public REIT leadership. His approach emphasizes long-term, income-focused real estate and meaningful insider ownership to align with shareholders.

Original SEC Filing: GENERATION INCOME PROPERTIES, INC. [ GIPR ] - SCHEDULE 13D - Jul. 28, 2026

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