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Resurgent Realty Trust Issue Position Statement Regarding Generation Income Properties, Inc. (“GIPR”)
Generation me PropertiesGeneration me Properties(US:GIPR) GlobeNewswire News Room·2025-06-25 23:16

VIRGINIA BEACH, Va., June 25, 2025 (GLOBE NEWSWIRE) --  Resurgent Realty Trust (“RRT”), a shareholder of Generation Income Properties, Inc. (NASDAQ: GIPR) (“GIPR” or the “Company”), issue the following position statement regarding the continued mismanagement of GIPR and failure of its board of directors to fulfill their fiduciary duty. “This is absolute insanity”…. Borrowing $1.1M for “general corporate purposes”, which is really G&A and not investments, principal curtailments or a share repurchase program ...