{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-004253","form_type":"8-K","ticker":"MDRR","cik":"0001654595","company_name":"Medalist Diversified, Inc.","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.994660+00:00","generated_at":"2026-06-04T06:14:05.337965+00:00","sec_items":["2.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Medalist Diversified REIT acquires Chicago property for $2.4M via OP Units in related-party deal","bullets":["Acquired 3535 N Central Ave, Chicago for $2.4M, paying 417,391 OP Units valued at $5.75/unit + $15K cash for seller costs.","OP Unit value reflects an 8.5% premium over MDRR common stock closing price of $5.30 on Feb 15, 2024.","Seller is controlled by CEO Frank Kavanaugh, making this a related-party transaction requiring shareholder approval for stock redemption.","OP Units may be redeemed for cash or common stock one-for-one; stock redemption requires majority stockholder vote.","Historical financials and pro forma data for the property will be filed by June 8, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-004253","json":"https://secwatch.observer/filing/0001558370-24-004253.json","markdown":"https://secwatch.observer/filing/0001558370-24-004253.md","text":"https://secwatch.observer/filing/0001558370-24-004253.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1654595/000155837024004253/0001558370-24-004253-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1654595/000155837024004253/mdrr-20240328x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:14:05.337965+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":"a1a98defcdc5062f63875c8c6402f1482c8317a6","claim":"Medalist Diversified, Inc. completed an acquisition involving RMP 3535 N. Central Ave., LLC for purchase price of $2,400,000 (closed 2024-03-28).","evidence_excerpt":"On March 28, 2024, MDR Central Avenue, LLC, a wholly owned subsidiary of Medalist Diversified Holdings, LP, a Maryland limited partnership and the operating partnership (the “Operating Partnership”) of Medalist Diversified REIT, Inc. (the “Company”), closed on the acquisition of that certain tract of real property containing a building with a physical address of 3535 North Central Avenue, Chicago, IL 60634 (the “Central Avenue Property”) from RMP 3535 N. Central Ave., LLC, a Delaware limited liability company (“Seller”) , for a purchase price of $2,400,000, exclusive of closing costs","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1654595/000155837024004253/0001558370-24-004253-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"RMP 3535 N. Central Ave., LLC"},{"label":"Consideration","value":"purchase price of $2,400,000"},{"label":"Closing","value":"2024-03-28"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}