{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-060280","form_type":"8-K","ticker":"MDV","cik":"0001645873","company_name":"MODIV INDUSTRIAL, INC.","filed_at":"2024-01-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.965289+00:00","generated_at":"2026-06-07T05:19:06.784163+00:00","sec_items":["1.01","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Modiv Industrial Declares 0.28-Share GIPR Distribution; Provides Business Update on Sales and Strategic Partner","bullets":["Declared stock distribution of 0.28 shares of GIPR common per share of MDV common stock and per Modiv OP Class C Unit, payable on/about Jan 31, 2024.","GIPR to redeem its Series A Preferred Stock for 2,794,597 shares of GIPR common; Modiv retains ~5%, distributes remainder to MDV stockholders.","One-time dividend of $1.11 of GIPR stock per MDV share, a 7.4% yield based on MDV's recent closing price.","Under contract to sell non-core office properties (Cummins in Nashville, Levins in Sacramento) and Costco industrial center in Issaquah, WA, with closings in 1Q24 and 2025.","Nine NDAs signed with potential strategic partners; ideal arrangement is a joint venture to increase float and market cap."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-060280","json":"https://secwatch.observer/filing/0001140361-23-060280.json","markdown":"https://secwatch.observer/filing/0001140361-23-060280.md","text":"https://secwatch.observer/filing/0001140361-23-060280.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1645873/000114036123060280/0001140361-23-060280-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1645873/000114036123060280/ef20017684_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T05:19:06.784163+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":"cec8e0a3cbbb5ec414ab88a476dae453cd7eb0d3","claim":"MODIV INDUSTRIAL, INC. amended First Amendment to the Agreement of Purchase and Sale with Generation Income Properties, L.P. valued at Modiv Industrial, Inc. entered into a First Amendment to the Agreement of Purchase and Sale, modifyi (effective 2023-12-28).","evidence_excerpt":"On December 28, 2023, Modiv Industrial, Inc. (“Modiv Industrial” or the “Company”), entered into a First Amendment (the “First Amendment”) to the Agreement of Purchase and Sale by and among the Company, certain subsidiaries of the Company, Generation Income Properties, L.P., a Delaware limited partnership, and Generation Income Properties, Inc., a Maryland corporation (“GIPR”), dated August 10, 2023.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1645873/000114036123060280/0001140361-23-060280-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Generation Income Properties, L.P."},{"label":"Value","value":"Modiv Industrial, Inc. entered into a First Amendment to the Agreement of Purchase and Sale, modifyi"},{"label":"Effective","value":"2023-12-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}