secwatch.observer — SEC 8-K summary
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Issuer:     Broad Street Realty, Inc. (BRST)
CIK:        0000764897
Form:       8-K
Filed at:   2021-12-27T23:59:59+00:00
Accession:  0000950170-21-005361
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broad Street Realty to acquire Midtown Row mixed-use property for $122M cash
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- Purchase price $122M cash for 240 student housing units (620 beds) and 63,573 sq ft retail.
- Seller BBL Current Owner LLC; CEO Michael Jacoby and other insiders have indirect ownership and expect ~$1.4M aggregate at closing.
- Closing expected by end of Q2 2022, subject to customary conditions.
- Company served as development manager and continues as property manager for the recently completed development.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764897/000095017021005361/0000950170-21-005361-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764897/000095017021005361/brst-20211221.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-005361

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer