Medalist Diversified REIT acquires Bowling Green property for $2.62M in OP units; seller linked to CEO

Medalist Diversified, Inc.

Acquired Scottsville Road Property in Bowling Green, KY for $2,620,000, paid with 209,600 OP units at $12.50/unit plus $15,000 cash for seller costs.
Seller is CWS BET Seattle L.P., whose manager is CEO Frank Kavanaugh; OP units assigned to BET Trust, where Kavanaugh is also trustee.
OP units redeemable for cash or Company stock, but redemption for stock requires majority shareholder approval.
Pro forma financials and historical statements for acquired property to be filed by April 5, 2025.

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