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Generation Income Properties Announces Expansion of Portfolio with Tampa, FL - Area Acquisition
ACCESSWIRE
29 Apr 2021, 04:31 GMT+10
TAMPA, FL / ACCESSWIRE / April 28, 2021 / Generation Income Properties, Inc. (OTCQB:GIPR) ( GIP or the Company ) announced the acquisition on April 21, 2021 of an approximately 7,800 SF single-tenant office building in Plant City, Florida, which is part of the greater Tampa Bay metropolitan area, for total consideration of approximately $1.7 million. The building is occupied by Irby Construction Company, a wholly owned subsidiary of Quanta Services Inc., which holds an investment grade credit rating of BBB- from Standard and Poor s.
GIP funded the transaction with approximately $850K of debt from The Bank of Tampa, and approximately $900K from a Joint Venture Partner. The tenant has approximately 3.5 years remaining on the primary lease term of the property, and the seller was represented by John Rotunno from Stan Johnson Company.
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TAMPA, FL / ACCESSWIRE / April 28, 2021 / Generation Income Properties, Inc. (OTCQB:GIPR) ( GIP or the Company ) announced the acquisition on April 21, 2021 of an approximately 7,800 SF single-tenant office building in Plant City, Florida, which is part of the greater Tampa Bay metropolitan area, for total consideration of approximately $1.7 million. The building is occupied by Irby Construction Company, a wholly owned subsidiary of Quanta Services Inc., which holds an investment grade credit rating of BBB- from Standard and Poor s.
GIP funded the transaction with approximately $850K of debt from The Bank of Tampa, and approximately $900K from a Joint Venture Partner. The tenant has approximately 3.5 years remaining on the primary lease term of the property, and the seller was represented by John Rotunno from Stan Johnson Company.
Invesco launches first municipal bond ETF in Europe with eye on income investors Munis offer lower default rates than US investment grade credit
Invesco s Gary Buxton
Invesco has launched the first ETF in Europe providing exposure to taxable municipal bonds, an asset class that which has been difficult for investors to access , according to the firm.
The Invesco US Municipal Bond UCITS ETF will provide investors with higher yields than are generally available from the US investment grade credit market without taking on additional credit risk, Invesco.
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Invesco Launches Europeâs First ETF For Exposure To Taxable Municipal Bonds Date
16/02/2021
Today’s launch of the Invesco US Municipal Bond UCITS ETF provides income-starved investors an opportunity for higher yields than are generally available from the US investment grade credit market without taking on additional credit risk. The ETF is the first of its kind in Europe.
Gary Buxton, Head of EMEA ETFs and Indexed Strategies at Invesco, said: “We are pleased to be bringing the first municipal bond ETF to the European market. This launch opens the door to an asset class that until now has been difficult for investors to access. Municipal bonds, or ‘munis’ for short, offer higher yields, better average credit ratings and much lower default rates than US investment grade credit