---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-034437"
form_type: "8-K"
ticker: "BRST"
cik: "0000764897"
company_name: "Broad Street Realty, Inc."
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:41:04.096525+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 completes two property sales for $46.1M total cash; debt of $31.6M repaid

## Summary
- Sold Dekalb Plaza (Philadelphia, 178,356 sq ft) for $23.1M cash and Spotswood Valley Square (VA, 190,646 sq ft) for $23.0M cash.
- Combined net proceeds of ~$12.9M added to cash after $31.6M debt repayment and ~$1.9M closing costs.
- Pro forma net loss attributable to common stockholders improves from $15.3M to $13.8M for FY2022 on reduced depreciation and interest.
- Pro forma total assets reduced by ~$24M to $370.1M as of March 31, 2023.

## SEC filing metadata
- accession: 0000950170-23-034437
- form_type: 8-K
- ticker: BRST
- cik: 0000764897
- company_name: Broad Street Realty, Inc.
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764897/000095017023034437/0000950170-23-034437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764897/000095017023034437/brst-20230718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-034437
- JSON: https://secwatch.observer/filing/0000950170-23-034437.json
- Plain text: https://secwatch.observer/filing/0000950170-23-034437.txt

## Key facts
- M&A Transactions
  Broad Street Realty, Inc. completed a disposition for $23.0 million in cash (closed 2023-06-30).
  - Action: disposition
  - Consideration: $23.0 million in cash
  - Closing: 2023-06-30
  source text: on June 30, 2023, a subsidiary of the Company completed the sale of Spotswood Valley Square Shopping Center (together with Dekalb Plaza, the “Disposed Properties”), a retail shopping center located in Harrisonburg, Virginia with approximately 190,646 square feet of gross leasable area, for a purchase price of $23.0 million in cash (together with the Dekalb Disposition, the “Property Dispositions”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/764897/000095017023034437/0000950170-23-034437-index.htm
- M&A Transactions
  Broad Street Realty, Inc. completed a disposition for $23.1 million in cash (closed 2023-07-20).
  - Action: disposition
  - Consideration: $23.1 million in cash
  - Closing: 2023-07-20
  source text: On July 20, 2023, a subsidiary of Broad Street Realty, Inc. (the “Company”) completed the sale of Dekalb Plaza, a retail shopping center located in Philadelphia, Pennsylvania with approximately 178,356 square feet of gross leasable area, for a purchase price of $23.1 million in cash (the “Dekalb Disposition”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/764897/000095017023034437/0000950170-23-034437-index.htm

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