Medalist Diversified buys $5.4M Texas auto site
Medalist Diversified, Inc. has acquired a Texas Caliber Collision property for $5.4 million using cash and plans a Regulation D DST offering tied to the asset.
Rhea-AI Filing Summary
Medalist Diversified, Inc. (MDRR) closed the acquisition of an automotive service property on September 17, 2026. The property, a Caliber Collision Center located at 8600 Highway 377 in Aubrey, Texas, sits on approximately 1.653 acres with an approximately 15,118 square foot building.
The total purchase price was $5,404,864, funded entirely with the company’s cash on hand after arm’s length negotiations with an unaffiliated seller. The acquisition was completed through a Delaware statutory trust (DST), which was formed to acquire and hold title to the property. Medalist Diversified expects to offer beneficial interests in the DST to accredited investors in a private placement under Regulation D, with proceeds to be used to redeem the company’s beneficial interests for cash. The company plans to file required financial statements and related pro forma information for this acquisition by amendment within 71 days of the initial report’s required filing date.
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Filing Explained
Although the acquisition agreement had been terminated on August 18, 2026, the company reinstated and amended it on September 3, 2026, before closing the acquisition on September 17, 2026.
8-K Event Classification
Key Figures
Key Terms
Delaware statutory trust financial
accredited investors financial
Regulation D regulatory
forward-looking statements regulatory
pro forma financial information financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What property did Medalist Diversified, Inc. (MDRR) acquire in this 8-K?
What was the purchase price of the acquired property for MDRR?
How did MDRR fund the acquisition of the Caliber Collision property?
What is MDRR’s plan for the Delaware statutory trust that owns the property?
Was the seller affiliated with Medalist Diversified, Inc. (MDRR)?
AI-generated analysis. How Rhea-AI works. Not financial advice.