---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-003238"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T19:42:54.665977+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Medalist Diversified REIT completes sale of Hanover Square North for $13M; nets $2.65M cash

## Summary
- Sold 84% tenant-in-common interest in Hanover Square North, Mechanicsville, VA, for $13,000,000.
- Net cash from sale of its interest: approximately $2,520,000 after retiring $9,511,030 mortgage and closing costs.
- Including lender reserve release, total unrestricted cash generated approximately $2,647,000.
- Sale completed March 13, 2024; buyer is an unaffiliated third party.

## SEC filing metadata
- accession: 0001558370-24-003238
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000155837024003238/0001558370-24-003238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000155837024003238/mdrr-20240313x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-003238
- JSON: https://secwatch.observer/filing/0001558370-24-003238.json
- Plain text: https://secwatch.observer/filing/0001558370-24-003238.txt

## Key facts
- M&A Transactions
  Medalist Diversified, Inc. completed a disposition involving an unaffiliated purchaser for $13,000,000 (closed 2024-03-13).
  - Action: disposition
  - Counterparty: an unaffiliated purchaser
  - Consideration: $13,000,000
  - Closing: 2024-03-13
  source text: into the same agreement to sell its 16% tenant-in-common interest. ​ On March 13, 2024, the Company completed the sale of the Hanover Square Property. The property sold for $13,000,000. After credits for repairs of $85,000, retiring the mortgage payable of $9,511,030, and payment of closing costs, the Company realized approximately $2,520,000 in net cash from
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000155837024003238/0001558370-24-003238-index.htm

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