secwatch / observer
8-K filed February 20, 2024, 6:59 PM ET ticker MDRR CIK 0001654595
other material confidence high sentiment neutral materiality 0.40

Medalist Diversified REIT agrees to buy Chicago property for $2.4M in related-party deal

Medalist Diversified, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Medalist Diversified, Inc. entered into OP Unit Purchase Agreement with Peter Mueller, Inc. valued at $61,589.06 (effective 2024-02-16).

Action
entry
Agreement
equity purchase
Counterparty
Peter Mueller, Inc.
Value
$61,589.06
Effective
2024-02-16
Exact text from the filing
Also, on February 16, 2024 (the “Effective Date”), the Company entered into OP Unit Purchase Agreement (the “OP UPA”), a copy of which is filed hereto as Exhibit 10.3, with Peter Mueller, Inc., a Virginia corporation (“OP Unit Seller”), whereby the Company agreed to purchase OP Unit Seller’s 11,731.25 Operating Partnership Units (the “OP Units”) in Medalist Diversified Holdings, LP, a Delaware limited partnership (the “MDH LP”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Medalist Diversified, Inc. entered into Purchase and Sale Agreement with PMI Hanover SQ, LLC valued at $98,410.94 (effective 2024-02-16).

Action
entry
Agreement
asset purchase
Counterparty
PMI Hanover SQ, LLC
Value
$98,410.94
Effective
2024-02-16
Exact text from the filing
On February 16, 2024, MDR Hanover Square, LLC, a Delaware limited liability company (“Buyer”), a wholly owned subsidiary of the Company, entered into a Purchase and Sale Agreement (the “Outparcel PSA”), a copy of which is filed hereto as Exhibit 10.2, with the Company’s tenant-in-common partner, PMI Hanover SQ, LLC, a Delaware limited liability company (“Seller”), whereby Buyer agreed to purchase Seller’s 16% tenant-in-common interest in that certain tract of real property identified as tax parcel number 8714-63-9931 and more particularly described in Exhibit “A” to the Outparcel PSA (the “Hanover Outparcel Property”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Medalist Diversified, Inc. entered into Purchase and Sale Agreement with RMP N. Central Ave., LLC valued at $2,400,000.00 (effective 2024-02-15).

Action
entry
Agreement
asset purchase
Counterparty
RMP N. Central Ave., LLC
Value
$2,400,000.00
Effective
2024-02-15
Exact text from the filing
On February 15, 2024 (the “Effective Date”), Medalist Diversified REIT, Inc. (the “Company”), entered into a Purchase and Sale Agreement (the “N. Central Ave. PSA”), a copy of which is filed hereto as Exhibit 10.1, with RMP N. Central Ave., LLC, a Delaware limited liability company (“Seller”), whereby the Company agreed to purchase that certain tract of real property identified as containing building with a physical address of 3535 North Central Avenue, Chicago, IL 60634, and more particularly described in Exhibit “A” to the N. Central Ave. PSA (the “N. Central Ave. Property”).
View on SEC.gov

Browse all material agreements →

Medalist Diversified, Inc. filing history →

Source: SEC EDGAR
accession 0001104659-24-025554
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.