Highest-materiality recent filing
Medalist Diversified subsidiary secures $15.8M pledged asset line from Charles Schwab
Own Digital Treasury TRS entered PAL Agreement with Charles Schwab for a revolving credit facility secured by brokerage account collateral.
Medalist Diversified launches DST sponsor platform with Tesla-leased property offering
Inaugural offering MDRR XXV DST 1 features a 45,461-sq-ft single-tenant net-leased facility in Pensacola, FL leased to Tesla.
Medalist Diversified sells Franklin Square retail property for $24.1M, declares $0.0675 dividend
Sold 134,239 sq ft Shops at Franklin Square in Gastonia, NC for $24.1M on March 30, 2026.
Medalist Diversified REIT agrees to sell Ashley Plaza retail property for $16.6M
Sale of 156,012 sq ft Ashley Plaza in Goldsboro, NC to HPX Goldsboro Ashley Center LLC for $16.6M.
Medalist Diversified REIT terminates REIT election, sells Greenbrier for $11M, reduces loan payments
Terminates REIT election effective Jan 1, 2026; name changes to Medalist Diversified, Inc. on March 2.
Medalist Diversified REIT agrees to sell Shops at Franklin Square for $24.5M
Total consideration $24.5M for 134,239 sq ft retail property in Gastonia, North Carolina.
Two directors resign from Medalist Diversified REIT board; board to shrink to five
Directors Kory Kramer and A. Lee Finley resign effective January 9, 2026.
MDR Parkway, LLC and PMI Parkway, LLC agree to sell 2697 International Parkway, Virginia Beach, VA to Club Forest International Parkway, LLC for $7,900,000.
Quarterly dividend of $0.0675 per share; payable Jan 13, 2026 to holders of record Jan 8, 2026.
CEO Kavanaugh exchanges 2,405 shares for OP units to maintain REIT tax status
CEO Francis Kavanaugh exchanged 2,405 common shares for 2,405 OP units in the operating partnership.
On Nov 7, 2025, wholly-owned subsidiary contributed a 45,461 sq ft Tesla sales/service facility on 3.498 acres in Pensacola, FL to DST MDRR XXV DST 1.
Medalist Diversified REIT sells two property portfolios for $16.35M total
Greenbrier Business Center in Chesapeake, VA sold for $11.0M; closing expected within 60 days.
Medalist Diversified REIT closes $9.93M sale of Salisbury Marketplace Shopping Center
Sales price of $9,930,000 received for the property at 2106 Statesville Blvd., Salisbury, NC.
Medalist Diversified REIT declares $0.0675 quarterly dividend, payable Oct 13
Quarterly dividend of $0.0675 per share on common stock declared.
Acquisition of Tesla Pensacola Property for net purchase price of $14.55M plus $70k closing costs on July 18, 2025.
Medalist sells Salisbury shopping center for $10M; CEO exchanges shares for OP units
CEO Francis P. Kavanaugh exchanged 240,004 shares for 240,004 OP units to maintain REIT 5/50 ownership test.
Medalist Diversified REIT acquires Pensacola property for $14.5M via new $14.7M line of credit
Acquired 42,461 sq ft building on 3.498 acres in Pensacola, FL for total purchase price $14,544,504.
Medalist Diversified REIT declares $0.0675 quarterly dividend, corrects record date to July 11
Quarterly dividend of $0.0675 per share declared, payable July 16, 2025.
Medalist Diversified REIT declares $0.0675 quarterly dividend payable July 16, 2025
Quarterly dividend of $0.0675 per share declared on common stock.
Elected Class II directors Marc Carlson, Lee Finley, Emanuel Neuman to three-year terms; broker non-votes 198,238.
Medalist Diversified REIT agrees to acquire 42,461 sq ft property in Pensacola, FL for $14.5 million
MDRR subsidiary MDRR XXV Depositor 1, LLC signs Purchase and Sale Agreement with Drake Motor Partners Pensacola LLC on June 11, 2025.
Terminated $0-drawn revolver with Wells Fargo; no penalties incurred.
Medalist Diversified REIT declares $0.0675 quarterly dividend, payable Apr 22
Quarterly dividend of $0.0675 per common share declared by Board.
Medalist Diversified REIT reports FY 2024 net income $0.024/share; FFO $1.52, SS NOI up 4.6%
Net income per diluted share of $0.024 vs. $(4.12) loss in FY 2023; net income attributable to common shareholders $27,524.
Medalist Diversified REIT files 8-K/A with financials for Buffalo Wild Wings and other acquisitions
Acquired Buffalo Wild Wings Property in Bowling Green, KY on Jan 24, 2025 for $2.62M via 209,600 OP units plus $47k cash.
Medalist Diversified REIT acquires United Rentals property for $3.145M in OP units and cash
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.
Carlson appointed as Class II director effective Jan 31, 2025; board expanded to seven members.
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.
Posts Q1-Q3 2024 financial supplements; Q1 net income $1.36M ($0.60 diluted EPS), Q2 net loss $0.52M (-$0.23 EPS).
Medalist Diversified REIT appoints Kory J. Kramer to board; declares $0.065 quarterly dividend
Appointed Kory J. Kramer as Class I director effective Jan 3, 2025; board expanded to six members.
Medalist Diversified REIT Enters Property Acquisitions, Faces Preferred Stock Delisting
Acquired two properties: Dan Tibbs Road in Huntsville, AL for $3.145M and Scottsville Road in Bowling Green, KY for $2.62M, paid with Series B Preferred Units and Common Units.
Medalist Diversified REIT to fully redeem Series A Preferred Stock at $25.44/share
Notice of redemption for 60,000 shares of 8% Series A Cumulative Redeemable Preferred Stock.
Medalist Diversified REIT to redeem 140k Series A Preferred shares at $25.194 ea on Nov 25
Notice of redemption for 140,000 shares of 8.0% Series A Cumulative Redeemable Preferred Stock (MDRRP).
CEO Francis Kavanaugh buys 160K partnership units for $2M in private placement
CEO Francis Kavanaugh purchased 160,000 units of MDH LP at $12.50 per unit, total consideration $2,000,000.
Medalist Diversified REIT increases credit line to $4M and declares quarterly dividends
Line of credit increased from $1.5M to $4.0M with interest rate of SOFR + 3.1%.
Medalist Diversified REIT annual meeting results: board elected, reverse split authorized
David Lunin elected as Class I director with 419,745 votes for, 52,454 withheld; 492,373 broker non-votes.
Medalist declares $0.05/common & $0.50/preferred quarterly dividends payable July 26
Common stock quarterly dividend of $0.05 per share declared.
Medalist completes 1-for-10 reverse then 5-for-1 forward split; shares drop to ~1.12M
Reverse 1-for-10 split effective 5:00 PM ET July 2; forward 5-for-1 split at 5:01 PM ET.
Medalist Diversified REIT Appoints A. Lee Finley as Class II Director; Two Directors Resign
A. Lee Finley appointed as Class II director on June 25, 2024, effective immediately.
Medalist Diversified REIT to effect 1:10 reverse then 5:1 forward stock split on July 2
Outstanding shares reduced from 2,236,631 to approximately 1,118,315 as a net result.
Medalist REIT files Citibank Property financials; pro forma net loss $4.5M for 2023
Citibank Property generated $128,444 revenue in 2023 from single-tenant net lease with Citibank, N.A.; tenant pays all expenses.
On January 31, 2025, the Board of Directors (the “Board”) of Medalist Diversified REIT, Inc. (the “Company”) appointed Marc Carlson, as a Class II director of the Company, effective immediately.
On January 3, 2025, the Board of Directors (the “Board”) of Medalist Diversified REIT, Inc. (the “Company”) appointed Kory J. Kramer, as a Class I director of the Company, effective immediately.
the Board reduced its size to five directors and appointed Francis Kavanaugh as Chair of the Board, in each case effective June 26, 2024.
On June 25, 2024, the Board of Directors (the “Board”) of Medalist Diversified REIT, Inc. (the “Company”) appointed A. Lee Finley, as a Class II director of the Company, effective immediately.
On June 26, 2024, Timothy O’Brien and Charles S. Pearson, Jr. notified the Board that they will each resign as a director of the Company, effective June 26, 2024.
On June 26, 2024, Timothy O’Brien and Charles S. Pearson, Jr. notified the Board that they will each resign as a director of the Company, effective June 26, 2024.
Max materiality 0.90 · Median 0.55 · Most common event other_material