{"id":15268,"date":"2025-07-13T23:22:28","date_gmt":"2025-07-14T04:22:28","guid":{"rendered":"https:\/\/1reason.com\/re\/resurgent-realty-trust-reduces-offer-price-for-generation-income-properties-inc-gipr-shares\/15268\/"},"modified":"2025-07-14T18:22:28","modified_gmt":"2025-07-14T23:22:28","slug":"resurgent-realty-trust-reduces-offer-price-for-generation-income-properties-inc-gipr-shares","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/resurgent-realty-trust-reduces-offer-price-for-generation-income-properties-inc-gipr-shares\/15268\/","title":{"rendered":"Resurgent Realty Trust Reduces Offer Price for Generation Income Properties, Inc. (\u201cGIPR\u201d) Shares"},"content":{"rendered":"<div>, June  18, 2025  (GLOBE NEWSWIRE) &#8212; Resurgent Realty Trust (\u201cRRT\u201d), a shareholder of Generation Income Properties, Inc. (NASDAQ: GIPR) (\u201cGIPR\u201d or the \u201cCompany\u201d), announced the withdrawal of its prior offers to purchase GIPR shares at $2.50, $2.75 and $3.00 due to the negative impact of GIPR\u2019s recent asset sales on its NAV along with the continued erosion of GIPR\u2019s share price. The current offer represents a discount of approximately 15% to Resurgent\u2019s estimated NAV for GIPR of $1.70.  <\/p>\n<p align=\"justify\">Resurgent also reiterated its intention to pursue all legal remedies to maximize the value of its investment in GIPR, including a formally requested non-disclosure agreement and proxy questionnaire from GIPR pursuant to Resurgent\u2019s intent to nominate an alternate slate of directors for election at the company\u2019s next annual meeting.<\/p>\n<p align=\"justify\"><u>Investors<\/u><br \/>Jon Wheeler<br \/>Assignees of Resurgent, Inc.<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=m6bDg0hvm_6tg5jYMhNJPCNWHW4xFL7c7AboktsEiLSwkyQUfr1rWUHF450oszFZhcVegYSEWR1fzcPqZhKtxtv3B7KYX5Q5iLVAtDxNuZ0=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"jon@resurgentrealty.net\">jon@resurgentrealty.net<\/a> <br \/>(757) 621-2873<\/p>\n<p><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/M2Y4MjNmYjQtYWY1OS00YWY3LWE0ZWUtOGJhYWI4NTY4MDdmLTUwMDEzMjc1NC0yMDI1LTA2LTE4LWVu\/tiny\/Resurgent-Realty-Trust.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"center\">Amends Offer to $1.45 per Share Due to Reduction in Net Asset Value (\u201cNAV\u201d) FromTwo Recent Asset Sales<\/p>\n<p align=\"center\">Resurgent Believes the Recent GIPR Share Price Declines Reflect a Lack of Belief in Current GIPR Leadership by the Investment Community <\/p>\n<p align=\"justify\">VIRGINIA BEACH, Va.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/15268"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=15268"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/15268\/revisions"}],"predecessor-version":[{"id":15272,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/15268\/revisions\/15272"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=15268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=15268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=15268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}