Resurgent Realty Trust Reduces Offer Price for Generation Income Properties, Inc. (“GIPR”) Shares

Group 1 - Resurgent Realty Trust has amended its offer to purchase shares of Generation Income Properties, Inc. at $1.45 per share due to a reduction in the company's net asset value (NAV) resulting from two recent asset sales [1] - The previous offers of $2.50, $2.75, and $3.00 have been withdrawn as GIPR's share price continues to decline, reflecting a lack of confidence in the current leadership by the investment community [1] - The current offer represents a discount of approximately 15% to Resurgent's estimated NAV for GIPR, which is $1.70 [1] Group 2 - Resurgent Realty Trust intends to pursue all legal remedies to maximize the value of its investment in GIPR, including a request for a non-disclosure agreement and proxy questionnaire [2] - The company plans to nominate an alternate slate of directors for election at GIPR's next annual meeting [2]