secwatch.observer — SEC 8-K summary
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Issuer:     Medalist Diversified, Inc. (MDRR)
CIK:        0001654595
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001104659-26-016379
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654595/000110465926016379/0001104659-26-016379-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654595/000110465926016379/mdrr-20260212x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-016379

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