---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-125249"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2025-12-30T23:59:59+00:00"
generated_at: "2026-05-16T11:59:59.706615+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Medalist Diversified REIT Enters Agreement to Sell Parkway Property for $7.9M and Repays $14.7M Credit Line

## Summary
- MDR Parkway, LLC and PMI Parkway, LLC agree to sell 2697 International Parkway, Virginia Beach, VA to Club Forest International Parkway, LLC for $7,900,000.
- Earnest money deposit of $100,000 due within three business days; closing expected within 90 days.
- On December 30, 2025, the company fully repaid and terminated a $14.7 million line of credit from Farmers and Merchants Bank of Long Beach.
- No material early termination penalties were incurred from the debt repayment.
- Proceeds from previously announced dispositions and cash on hand were used to repay the credit line.

## SEC filing metadata
- accession: 0001104659-25-125249
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2025-12-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000110465925125249/0001104659-25-125249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000110465925125249/mdrr-20251229x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-125249
- JSON: https://secwatch.observer/filing/0001104659-25-125249.json
- Plain text: https://secwatch.observer/filing/0001104659-25-125249.txt

## Key facts
- Material Agreements
  Medalist Diversified, Inc. entered into Parkway Purchase and Sale Agreement with Club Forest International Parkway, LLC valued at $7,900,000 (effective 2025-12-29).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Club Forest International Parkway, LLC
  - Value: $7,900,000
  - Effective: 2025-12-29
  source text: On December 29, 2025, (the "Effective Date"), MDR Parkway, LLC, a Delaware limited liability company ("MDR Parkway"), a wholly-owned subsidiary of Medalist Diversified REIT, Inc., a Maryland corporation (the "Company") and PMI Parkway, LLC, a Delaware limited liability company not affiliated with the Company (together with MDR Parkway, the "Sellers"), entered into a Purchase and Sale Agreement (the "Parkway Purchase and Sale Agreement"), with Club Forest International Parkway, LLC, a Virginia limited liability company (the "Purchaser"), whereby the Purchaser agreed to acquire (the "Acquisition") the property located at 2697 International Parkway, Virginia Beach, Virginia, commonly known as the Parkway Property (the "Parkway Property").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000110465925125249/0001104659-25-125249-index.htm
- Material Agreements
  Medalist Diversified, Inc. terminated Loan Agreement with Farmers and Merchants Bank of Long Beach valued at $14,700,000 (effective 2025-12-30).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Farmers and Merchants Bank of Long Beach
  - Value: $14,700,000
  - Effective: 2025-12-30
  source text: On December 30, 2025, using cash on hand and the proceeds from previously announced property dispositions, the Company completed the repayment in full all outstanding indebtedness under and terminated (i) the Loan Agreement (the "Loan Agreement"), dated as of July 18, 2025, by and between MDRR XXV Depositor 1, LLC, a Delaware limited liability company and wholly-owned subsidiary of the Company, and Farmers and Merchants Bank of Long Beach ("Farmers"), (ii) the Continuing Guaranty, dated as of July 18, 2025, by the Company in favor of Farmers (the "Company Guaranty") and (iii) the Continuing Guaranty, dated as of July 18, 2025, by Medalist Diversified Holdings, LP (the "Operating Partnership") in favor of Farmers (the "Operating Partnership Guaranty").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000110465925125249/0001104659-25-125249-index.htm

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