---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-130503"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2023-12-29T23:59:59+00:00"
generated_at: "2026-06-07T05:53:42.951992+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Medalist Diversified REIT agrees to sell Hanover Square North property for $13M

## Summary
- Sale price $13,000,000 for 84% tenant-in-common interest in Hanover Square North, Mechanicsville, VA.
- Buyer Prudent Growth Partners, LLC; total earnest money $500,000 ($250k initial + $250k additional).
- Closing expected within 30 days after 40-day due diligence period; several conditions remain.
- Property is a 73,440 sq ft retail center on 8.766 acres.

## SEC filing metadata
- accession: 0001104659-23-130503
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2023-12-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000110465923130503/0001104659-23-130503-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000110465923130503/tm2333936d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-130503
- JSON: https://secwatch.observer/filing/0001104659-23-130503.json
- Plain text: https://secwatch.observer/filing/0001104659-23-130503.txt

## Key facts
- Material Agreements
  Medalist Diversified, Inc. entered into Purchase and Sale Agreement with an unaffiliated purchaser valued at the sale price for the Hanover Square Property is $13,000,000.00 (effective 2023-12-29).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: an unaffiliated purchaser
  - Value: the sale price for the Hanover Square Property is $13,000,000.00
  - Effective: 2023-12-29
  source text: On December 29, 2023 (the “Effective Date”), a wholly owned subsidiary of Medalist Diversified REIT, Inc. (the “Company”) entered into a Purchase and Sale Agreement (the “Agreement”), a copy of which is filed hereto as Exhibit 10.1, with an unaffiliated purchaser (the “Buyer”) whereby the Company agreed to sell its 84% tenant-in-common interest in Hanover Square North located at 7230 Bell Creek Road, Mechanicsville, Virginia 23111 (the “Hanover Square Property”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000110465923130503/0001104659-23-130503-index.htm

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