Medalist Diversified, Inc. (MDRR): M&A transaction — Medalist Diversified REIT acquires United Rentals property for $3.145M in OP units and cash

Medalist Diversified, Inc.

Acquired 7,500 sq ft property in Huntsville, AL for $3.145M; paid 251,600 OP units at $12.50/unit plus $42,446 cash.
Property is triple-net leased to United Rentals (NYSE: URI subsidiary) with 100% occupancy.
2023 property revenue $194,657; nine-month 2024 revenue $154,361; future minimum rents total $1,507,707.
Seller Dionysus Investments is managed by CEO Frank Kavanaugh, making it a related-party transaction.
OP units issued are redeemable for common stock only with stockholder approval.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Medalist Diversified, Inc. completed an acquisition involving Dionysus Investments, LLC for $3,145,000 (closed 2025-02-21).

Action: acquisition
Counterparty: Dionysus Investments, LLC
Consideration: $3,145,000
Closing: 2025-02-21

Exact text from the filing

21, 2025, by and between Seller and MDR Dan Tibbs Road (as amended by the First Amendment to Contribution Agreement, the “Contribution Agreement”), for a purchase price of $3,145,000, exclusive of closing costs, paid in a combination of (i) 251,600 operating partnership units in the Operating Partnership (the “OP Units”), valued at approximately $12.50 per OP

View on SEC.gov

Browse all m&a transactions →

Medalist Diversified, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-25-001516

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.