Highest-materiality recent filing
Broad Street Realty files Chapter 7 bankruptcy; CFO resigns
Filed voluntary Chapter 7 petition on March 20, 2026 in Delaware Bankruptcy Court (Case No. 26-10398-KBO).
Fortress removes Broad Street Realty as managing member; $98.4M preferred and $16.9M loan in default
On April 8, 2025, Fortress rescinded a temporary waiver and removed Broad Street Operating Partnership as managing member of Eagles JV.
Broad Street Realty posts net loss $7M, resolves $99.7M debt, NOI up 5.6%
Net loss $7.0M; FFO $2.4M, AFFO $3.0M; revenues up $9.2M (28%) from prior year.
Authorized common stock increased from 50M to 300M shares; preferred stays at 1M shares.
Broad Street Realty completes two property sales for $46.1M total cash; debt of $31.6M repaid
Sold Dekalb Plaza (Philadelphia, 178,356 sq ft) for $23.1M cash and Spotswood Valley Square (VA, 190,646 sq ft) for $23.0M cash.
Broad Street Realty sells Spotswood Valley Square Shopping Center for $23.0M cash
Sold 190,646 sq ft retail shopping center in Harrisonburg, VA for $23.0M cash on June 30, 2023.
Audit committee dismissed BDO USA, LLP effective May 1, 2023 and engaged Cherry Bekaert LLP as new independent auditor.
Q4 2022 closed on Lamar Station Plaza (98% leased, 187k sq ft) in CO and Midtown Row (240 student units, 64k sq ft retail) in VA.
Broad Street Realty closes $80M Fortress preferred equity, acquires Midtown Row for $118.7M
Fortress invested $80M in exchange for preferred interest with 12% annual return (5% cash, 7% capitalized).
Broad Street Realty reinstates Midtown Row acquisition at $123.3M, extends closing to Nov 23
Purchase price increased from $122M to $123.3M, paid in cash and OP units (min $5M in units valued at $2/unit).
Broad Street Realty extends loan maturity, adds $2M term loan at 6.75%, eases EBITDA covenant
Maturity of $4.5M term loan and $2M revolver extended to June 27, 2023 from Dec 27, 2022.
Closed 4 acquisitions in 2021 adding over $7.6M ABR (based on Sept 30 leases).
Broad Street Realty to acquire Midtown Row mixed-use property for $122M cash
Purchase price $122M cash for 240 student housing units (620 beds) and 63,573 sq ft retail.
Acquisition of Greenwood Village for ~$27.2M total consideration: 2.75M shares issued, $23.5M mortgage loan.
Broad Street Realty completes Greenwood Village retail center acquisition
Issued 2,752,568 shares of common stock to prior BSV Greenwood investors as merger consideration.
Broad Street Realty amends equity plan, grants restricted shares and performance RSUs to CEO and CFO
Amended plan increases shares reserved by 1.5M to 5.12M total.
on November 22, 2022, the Board increased the size of the board to eight directors and appointed Noah Shore as a member of the Board, effective upon the closing.
On January 12, 2022, the Board appointed Donna Brandin as a member of the Board, effective immediately, to fill the vacancy created by the resignation of Mr. Bencivenga.
On January 11, 2022, Joseph C. Bencivenga informed the board of directors (the “Board”) of Broad Street Realty, Inc. (the “Company”) of his resignation as a member of the Board, effective immediately.
Max materiality 1.00 · Median 0.65 · Most common event other_material