---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-010981"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2025-08-11T23:59:59+00:00"
generated_at: "2026-05-17T15:30:57.946049+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Medalist sells Salisbury shopping center for $10M; CEO exchanges shares for OP units

## Summary
- CEO Francis P. Kavanaugh exchanged 240,004 shares for 240,004 OP units to maintain REIT 5/50 ownership test.
- Company agreed to sell Salisbury Marketplace Shopping Center in Salisbury, NC for $10M cash, close within 60 days.
- Purchaser Salisbury SC LLC made $150,000 earnest money deposit; sale subject to customary closing conditions.
- OP units are redeemable for cash or common stock after a one-year holding period.

## SEC filing metadata
- accession: 0001558370-25-010981
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2025-08-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000155837025010981/0001558370-25-010981-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000155837025010981/mdrr-20250808x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-010981
- JSON: https://secwatch.observer/filing/0001558370-25-010981.json
- Plain text: https://secwatch.observer/filing/0001558370-25-010981.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.