Medalist Diversified closes $5.8M acquisition of automotive service property in Overland Park, KS

Medalist Diversified, Inc.

Total purchase price of $5.8M funded with cash on hand; seller was unaffiliated.
Property is 1.64 acres with a 16,100 sq ft automotive service building.
Acquired through a Delaware statutory trust; plans to offer beneficial interests to accredited investors.
Financial statements and pro forma information to be filed within 71 days.

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