{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-053293","form_type":"8-K","ticker":"BRST","cik":"0000764897","company_name":"Broad Street Realty, Inc.","filed_at":"2025-04-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.213215+00:00","generated_at":"2026-05-23T16:42:04.707192+00:00","sec_items":["2.04","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.95,"confidence":"high","headline":"Fortress removes Broad Street Realty as managing member; $98.4M preferred and $16.9M loan in default","bullets":["On April 8, 2025, Fortress rescinded a temporary waiver and removed Broad Street Operating Partnership as managing member of Eagles JV.","Outstanding preferred equity investment ~$98.4M; mezzanine loan balance $16.9M; both are now in default.","Fortress can require redemption at 1.40x minimum multiple on contributions plus a $10M exit fee.","All company properties are owned by Eagles JV subsidiaries; Fortress may now sell properties to redeem its interest.","Interest rates on preferred equity and mezzanine loan each automatically increased by the lesser of 4% or legal max."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-053293","json":"https://secwatch.observer/filing/0000950170-25-053293.json","markdown":"https://secwatch.observer/filing/0000950170-25-053293.md","text":"https://secwatch.observer/filing/0000950170-25-053293.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764897/000095017025053293/0000950170-25-053293-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764897/000095017025053293/brst-20250408.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T16:42:04.707192+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}