---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-007065"
form_type: "8-K"
ticker: "BRST"
cik: "0000764897"
company_name: "Broad Street Realty, Inc."
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T07:58:11.525554+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Broad Street Realty CEO update: acquired two properties in Q4, no dividend in 2023 due to rate headwinds

## Summary
- Q4 2022 closed on Lamar Station Plaza (98% leased, 187k sq ft) in CO and Midtown Row (240 student units, 64k sq ft retail) in VA.
- Midtown Row retail expected to add ~$2.5M ABR; residential ~$8.0M base rent in 2023; financed with $80M preferred equity + $15M mezzanine from Fortress and $76M mortgage from Blackstone.
- No dividend in 2023; CEO cites ~$95M senior loans maturing in 2023 requiring refinancing at higher rates and capital expenditure demands.
- Portfolio occupancy improved to 90.4% at year-end 2022 from 89.1% a year earlier; anchor space up to 96.3%.
- 2022 leasing: 45 renewals (298k sq ft) and 34 new leases (130k sq ft); overall rent spread +3.4%; notable new lease: AutoZone 52,706 sq ft at Cromwell Field.

## SEC filing metadata
- accession: 0000950170-23-007065
- form_type: 8-K
- ticker: BRST
- cik: 0000764897
- company_name: Broad Street Realty, Inc.
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764897/000095017023007065/0000950170-23-007065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764897/000095017023007065/brst-20230309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-007065
- JSON: https://secwatch.observer/filing/0000950170-23-007065.json
- Plain text: https://secwatch.observer/filing/0000950170-23-007065.txt

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