---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-016379"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:26:58.318541+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Medalist Diversified REIT terminates REIT election, sells Greenbrier for $11M, reduces loan payments

## Summary
- Terminates REIT election effective Jan 1, 2026; name changes to Medalist Diversified, Inc. on March 2.
- Sells Greenbrier Business Center for $11M; uses $7M to repay Wells Fargo facility debt.
- Credit agreement amended: monthly payment cut to $30,000 from $103,348; $1.5M liquidity requirement removed.
- Pro forma net loss for nine months ended Sep 30, 2025: $(2.1M) or $(1.62) per share vs historical $(1.92M) or $(1.47).
- Company released as guarantor on term loan; operating partnership assumes guaranty.

## SEC filing metadata
- accession: 0001104659-26-016379
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000110465926016379/0001104659-26-016379-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000110465926016379/mdrr-20260212x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-016379
- JSON: https://secwatch.observer/filing/0001104659-26-016379.json
- Plain text: https://secwatch.observer/filing/0001104659-26-016379.txt

## Source-grounded claims
- claim_id: 8579c1979bf9df7646089a27aead61dfde5c331d
  claim: Medalist Diversified, Inc. amended term loan of not changed; monthly payment reduced from $103,348 to $30,000 with Well Fargo Bank, National Association at not disclosed maturing not disclosed.
  evidence_excerpt: On February 13, 2026, in connection with the disposition of the Greenbrier Business Center Property (as defined and described below), the Borrower, the Company and the Lender entered into the Fourth Amendment to the Credit Agreement (the “Credit Agreement Amendment), the Second Amended and Restated Term Note (the “Amended Term Note”), the Release of Guarantor (the “Release of Guarantor) and the Operating Partnership entered into the Continuing Guaranty (the “Guaranty” and together with the Credit Agreement Amendment, the Amended and Term Note and the Release of Guarantor, the “Amended Documents”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000110465926016379/0001104659-26-016379-index.htm
- claim_id: 640bdefb1f29e6d74af74aeb8a3c93f07c20b945
  claim: Medalist Diversified, Inc.: Removed REIT ownership restrictions by filing a Certificate of Notice reflecting Board's determination to terminate REIT election (effective 2026-01-01).
  evidence_excerpt: On February 12, 2026, the Company’s board of directors (the “Board”) authorized termination of the Company’s REIT election which when terminated will be effective January 1, 2026. The restrictions on ownership and transfer of Shares (as defined the in the Company’s Articles of Incorporation) set forth in Article VI of the Company’s Articles of Incorporation, including, without limitation, the “Aggregate Share Ownership Limit,” as defined therein, no longer apply.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000110465926016379/0001104659-26-016379-index.htm
- claim_id: 9241b6f04cb491fd685a9934973061fa689bd906
  claim: Medalist Diversified, Inc.: Amended Articles of Incorporation to change corporate name from 'Medalist Diversified REIT, Inc.' to 'Medalist Diversified, Inc.' (effective 2026-03-02).
  evidence_excerpt: On February 17, 2026, the Company amended its Articles of Incorporation and Bylaws solely to change the corporate name from “Medalist Diversified REIT, Inc.” to “Medalist Diversified, Inc.” effective March 2, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000110465926016379/0001104659-26-016379-index.htm
- claim_id: 266785fc40df49e67ed046ef6cc4b110e19de9e3
  claim: Medalist Diversified, Inc. completed a disposition involving CLM Acquisitions, LLC for $11,000,000 (closed 2026-02-13).
  evidence_excerpt: On February 13, 2026, 2025, the Company closed on the sale of the Greenbrier Business Center Property (the “Disposition”). The total sales price of the Greenbrier Business Center Property was $11,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000110465926016379/0001104659-26-016379-index.htm
- claim_id: f5a4393a015b4d2d1fabfa62d8293c72360679cd
  claim: Medalist Diversified, Inc. amended Fourth Amendment to the Credit Agreement with Well Fargo Bank, National Association (effective 2026-02-13).
  evidence_excerpt: (the “Company”) entered into a Credit Agreement, dated as of June 13, 2022 (the “Credit Agreement”), with Well Fargo Bank, National Association (the “Lender”), for a term loan (the “Term Loan”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000110465926016379/0001104659-26-016379-index.htm

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