Oak Street to partner with Generation Income

Generation Income Properties Inc., the nascent Tampa-based real estate investment trust that specializes in acquiring net-lease properties, has picked up a potentially powerful financial partner as it prepares for listing later this year.

Oak Street Real Estate Capital LLC, of Chicago, has agreed to provide the REIT $15 million in preferred equity capital that will become part of a joint venture being formed to buy properties.

The financing will stem from a $1.25 billion fund Oak Street finalized last September.