secwatch.observer — SEC 8-K summary
======================================

Issuer:     Medalist Diversified, Inc. (MDRR)
CIK:        0001654595
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0001558370-25-000493
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654595/000155837025000493/0001558370-25-000493-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654595/000155837025000493/mdrr-20250124x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-000493

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer