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.

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