March 16, 2016 Comments Off on Generation Income Starts $20M Capital Raise Views: 298 California News, Florida, National News, Southeast

Generation Income Starts $20M Capital Raise

The Securities and Exchange Commission (SEC) has approved the sale of shares by Generation Income Properties Inc., through its Regulation A+ initiative. The Tampa, FL-based REIT will invest in the top 20, highest-density U.S. cities to acquire a portfolio of net-lease products.

To that end, the REIT has launched a $20 million capital raise to begin buying assets. The company is selling 4 million shares at $5 a share.

Generation IncomeGeneration Income, founded by David Sobelman, is the first REIT to file under Regulation A+, and will be listed on the over-the-counter marketplace following the offerings close. Regulation A+ comes from new rules in the Jumpstart our Business Startups (JOBS) Act of 2012.

Sobelman is the company’s chairman and president, as well as co-founder and co-manager of Calkain Cos.

Read More at PR Newswire

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