{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-025554","form_type":"8-K","ticker":"MDRR","cik":"0001654595","company_name":"Medalist Diversified, Inc.","filed_at":"2024-02-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.993961+00:00","generated_at":"2026-06-05T23:11:13.680112+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Medalist Diversified REIT agrees to buy Chicago property for $2.4M in related-party deal","bullets":["Purchase price $2.4M for 3535 N. Central Ave, Chicago; paid in OP units at $5.75/unit plus cash for seller's costs.","Seller is entity controlled by CEO Frank Kavanaugh; related party transaction.","Also buying 16% TIC interest in Hanover Outparcel for $98,410.94 from tenant-in-common partner.","Separate OP unit purchase: 11,731.25 OP units for $61,589.06 from Peter Mueller, Inc.","Closings subject to customary conditions; no assurance deals will close."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-025554","json":"https://secwatch.observer/filing/0001104659-24-025554.json","markdown":"https://secwatch.observer/filing/0001104659-24-025554.md","text":"https://secwatch.observer/filing/0001104659-24-025554.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1654595/000110465924025554/0001104659-24-025554-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1654595/000110465924025554/tm246743d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T23:11:13.680112+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":[{"claim_id":"248b7f49a0f6158db3352e00610d68953e30e007","claim":"Medalist Diversified, Inc. entered into OP Unit Purchase Agreement with Peter Mueller, Inc. valued at $61,589.06 (effective 2024-02-16).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1654595/000110465924025554/0001104659-24-025554-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Peter Mueller, Inc."},{"label":"Value","value":"$61,589.06"},{"label":"Effective","value":"2024-02-16"}],"fact_type":"material_agreement"},{"claim_id":"6edf7168b350f2093d027daf07881222cb9eca16","claim":"Medalist Diversified, Inc. entered into Purchase and Sale Agreement with PMI Hanover SQ, LLC valued at $98,410.94 (effective 2024-02-16).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1654595/000110465924025554/0001104659-24-025554-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"PMI Hanover SQ, LLC"},{"label":"Value","value":"$98,410.94"},{"label":"Effective","value":"2024-02-16"}],"fact_type":"material_agreement"},{"claim_id":"da89abad96b71987e7b1b39035759da26c88504b","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1654595/000110465924025554/0001104659-24-025554-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"RMP N. Central Ave., LLC"},{"label":"Value","value":"$2,400,000.00"},{"label":"Effective","value":"2024-02-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}