PURCHASE AND SALE AGREEMENT BETWEEN ELLIOTT BAY HEALTHCARE REALTY LLC, a Delaware limited liability company, as Seller and GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership, as PurchaserPurchase and Sale Agreement • May 16th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
THIS PURCHASE AND SALE AGREEMENT (the “Agreement”), made and entered into as of the Effective Date (as defined herein) by and between ELLIOTT MEDICAL CARE SOUTHSIDE DIALYSIS, LLC, a Delaware limited liability company (“Seller”), and GENERATION INCOME PROPERTIES L.P., a Delaware limited partnership (“Purchaser”).
ABSOLUTE GUARANTY OF PAYMENT AND PERFORMANCEAbsolute Guaranty of Payment and Performance • May 16th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
THIS ABSOLUTE GUARANTY OF PAYMENT AND PERFORMANCE (hereinafter referred to as the "Guaranty"), made to be effective the day of December, 2021, by DAVID SOBELMAN, an individual (the "Individual Guarantor"), and GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership (the "Entity Guarantor," who together with the Individual Guarantor may be referred to herein as a "Guarantor" and collectively, the "Guarantors"), to AMERICAN MOMENTUM BANK (the "Lender").
SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • May 16th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT (the “Second Amendment”) is made and entered effective as of January 3, 2022 (the “Amendment Effective Date”), by and between ELLIOTT BAY HEALTHCARE REALTY LLC, a Delaware limited liability company (the “Seller”), and GIPIL 3134 W 76th STREET, LLC, a Delaware limited liability company (the “Purchaser”).
FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • May 16th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (the “First Amendment”) is made and entered effective as of December 10, 2021 (the “Amendment Effective Date”), by and between OREOF19 BR, LLC, a Delaware limited liability company (the “Seller”), and GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership (the “Purchaser”).
ASSIGNMENT AND ASSUMPTION OF LEASE, SECURITY DEPOSIT AND GUARANTYAssignment and Assumption of Lease • May 16th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
THIS ASSIGNMENT AND ASSUMPTION OF LEASE, SECURITY DEPOSIT AND GUARANTY (“Assignment”) is made and entered into as of the 7th day of January, 2022, by and between Elliott Bay Healthcare Realty LLC, a Delaware limited liability company (“Assignor”), and GIPIL 3134 W 76th Street, LLC, a Delaware limited liability company (“Assignee”).
ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENTAssignment and Assumption of Purchase and Sale Agreement • May 16th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
THIS ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT (“Assignment”) is made and entered into, effective as of December 23, 2021, by and between GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership (“Assignor”), and GIPCO 585 24 1/2 ROAD, LLC, a Delaware limited liability company (“Assignee”).
ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENTAssignment and Assumption of Purchase and Sale Agreement • May 16th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
THIS ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT (“Assignment”) is made and entered into, effective as of December 23, 2021, by and between GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership (“Assignor”), and GIPIL 3134 W 76th STREET, LLC, a Delaware limited liability company (“Assignee”).
GUARANTYGuaranty • May 16th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
This Guaranty is an absolute and unconditional guaranty of payment (and not of collection) and of performance. The liability of Guarantor is co-extensive with that of Tenant and this Guaranty shall be enforceable against Guarantor without the necessity of any suit or proceeding on Landlord’s part of any kind or nature whatsoever against Tenant and without the necessity of any notice of non-payment, non-performance or non-observance or of any notice of acceptance of this Guaranty or of any other notice or demand to which Guarantor might otherwise be entitled, all of which Guarantor hereby expressly waives. Guarantor hereby expressly agrees that the validity of this Guaranty and the obligations of Guarantor hereunder shall in no way be terminated, affected, diminished or impaired by reason of (a) the assertion or the failure to assert by Landlord against Tenant of any of the rights or remedies reserved to Landlord pursuant to the terms, covenants and conditions of the Lease, or (b) any n
FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • May 16th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (the “First Amendment”) is made and entered effective as of December 10, 2021 (the “Amendment Effective Date”), by and between ELLIOTT BAY HEALTHCARE REALTY LLC, a Delaware limited liability company (the “Seller”), and GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership (the “Purchaser”).
LOAN AGREEMENTLoan Agreement • May 16th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
THIS LOAN AGREEMENT (the “Agreement”) is made as of December 28, 2021, by and between GIPCO 585 24 1/2 ROAD, LLC, a Delaware limited liability company (the “Borrower”), whose address is 401 E. Jackson Street, Suite 3300, Tampa, Florida 33602, and AMERICAN MOMENTUM BANK (the “Lender”), whose address is 4830 W. Kennedy Boulevard, Suite 200, Tampa, Florida 33609.
LOAN AGREEMENTLoan Agreement • May 16th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
THIS LOAN AGREEMENT (the “Agreement”) is made as of January 7 ,2022, by and between GIPIL 3134 W 76TH STREET, LLC, a Delaware limited liability company (the “Borrower”), whose address is 401 E. Jackson Street, Suite 3300, Tampa, Florida 33602, and AMERICAN MOMENTUM BANK (the “Lender”), whose address is 4830 W. Kennedy Boulevard, Suite 200, Tampa, Florida 33609.
LEASE AGREEMENTLease Agreement • May 16th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
THIS LEASE AGREEMENT (this “Lease”) is made as of this day of , 2006 by and between Biomedical Medical Partners, LLC, an Illinois limited liability company (“Landlord”), and Fresenius Medical Care of Illinois, LLC d/b/a Southside Dialysis (“Tenant”) and Fresenius Medical Care Holdings, Inc. a New York corporation (“Guarantor”).
