---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-018131"
form_type: "8-K"
ticker: "BRST"
cik: "0000764897"
company_name: "Broad Street Realty, Inc."
filed_at: "2022-09-06T23:59:59+00:00"
generated_at: "2026-06-23T15:59:05.461939+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Broad Street Realty reinstates Midtown Row acquisition at $123.3M, extends closing to Nov 23

## Summary
- Purchase price increased from $122M to $123.3M, paid in cash and OP units (min $5M in units valued at $2/unit).
- Additional deposits: $250k cash, pledge of $324k development fee, and $1.25M reserve deposit upon release of lender reserves.
- Outside closing date extended to November 23, 2022; seller retains right to market property.
- Related parties: CEO Michael Jacoby, CFO Alexander Topchy, others have indirect ownership in seller; estimated $1.4M in OP units at closing.
- Preferred units issued: 12% annual distribution (5% cash, 7% PIK), convertible to common units; liquidation preference $2/unit.

## SEC filing metadata
- accession: 0000950170-22-018131
- form_type: 8-K
- ticker: BRST
- cik: 0000764897
- company_name: Broad Street Realty, Inc.
- filed_at: 2022-09-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764897/000095017022018131/0000950170-22-018131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764897/000095017022018131/brst-20220901.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-018131
- JSON: https://secwatch.observer/filing/0000950170-22-018131.json
- Plain text: https://secwatch.observer/filing/0000950170-22-018131.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.