Highest-materiality recent filing
Medalist Diversified sells Ashley Plaza Shopping Center for $16.3M, repays $10.1M mortgage
Closed sale of 164,012 sq ft Ashley Plaza Shopping Center in Goldsboro, NC on July 31, 2026.
Medalist Diversified agrees to acquire two Caliber Collision properties in Texas for ~$11.1M
Total consideration: $5,494,444 for Denton Property and $5,648,000 for Johnson Property.
Property: 64,880 sq ft flex-industrial in Greenville, SC; purchase price $10.25M; expected close within 45 days.
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 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 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.
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.
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 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 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.
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 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.
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 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.
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 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.
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.
On October 18, 2023, the Board of Directors (the “Board”) of Medalist Diversified REIT, Inc. (the “Company”) appointed Francis P. Kavanaugh as the Company’s President, Chief Executive Officer (“CEO”) and Secretary on a permanent basis.
appointed David Lunin to the Board, effective September 19, 2023
appointed Emanuel D. Neuman to the Board, effective July 19, 2023
On July 20, 2023, Mr. Elliott and the Company entered into a Separation Agreement and General Release (the “Agreement”) related to Mr. Elliott’s resignation as an employee of Gunston Consulting, LLC, and consequently as Vice President of the Company.
Colin M. Elliott, Vice President of the Company, notified the Company of his intent to resign as an employee of Gunston Consulting, LLC and consequently as Vice President of the Company
each of Messrs. W. Elliott and Messier provided notice of their respective resignations as director, Chairman & Chief Executive Officer and director, Vice Chairman, President & Chief Operating Officer, effectively immediately upon the Internalization.
Max materiality 0.90 · Median 0.55 · Most common event other_material