secwatch.observer — SEC 8-K summary
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Issuer:     Medalist Diversified, Inc. (MDRR)
CIK:        0001654595
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001558370-24-003238
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654595/000155837024003238/0001558370-24-003238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654595/000155837024003238/mdrr-20240313x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-003238

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