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[8-K] Medalist Diversified REIT, Inc. Reports Material Event

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8-K
Rhea-AI Filing Summary

Medalist Diversified REIT, Inc. (MDRR) announced two property sale agreements. A wholly owned subsidiary agreed to sell the Greenbrier Business Center in Chesapeake, VA for $11,000,000, with a $100,000 earnest money deposit due within two business days. Closing is expected within 60 days, subject to customary conditions.

Separately, two wholly owned subsidiaries agreed to sell a 5,933 sq. ft. single-tenant property in Bowling Green, KY and a 7,529 sq. ft. single-tenant property in Huntsville, AL for $5,350,000, with a $100,000 earnest money deposit due within three business days. Closing is expected within 45 days, subject to conditions. In both transactions, the purchaser will pay the consideration to the selling subsidiaries at closing, and there is no assurance the sales will be completed.

Medalist Diversified REIT, Inc. (MDRR) ha annunciato due accordi di vendita di immobili. Una controllata interamente di proprietà ha accettato di vendere il Greenbrier Business Center a Chesapeake, VA per $11,000,000, con una caparra confirmatoria di $100,000 dovuta entro due giorni lavorativi. La chiusura è prevista entro 60 giorni, soggetta alle condizioni usuali.

Separatamente, due controllate interamente possedute hanno accettato di vendere una proprietà a uso singolo di 5.933 piedi quadrati in Bowling Green, KY e una proprietà a uso singolo di 7.529 piedi quadrati in Huntsville, AL per $5,350,000, con una caparra confirmatoria di $100,000 dovuta entro tre giorni lavorativi. La chiusura è prevista entro 45 giorni, soggetta a condizioni. In entrambe le transazioni, l'acquirente pagherà il corrispettivo alle controllate venditrici al momento della chiusura, e non vi è alcuna garanzia che le vendite saranno concluse.

Medalist Diversified REIT, Inc. (MDRR) anunció dos acuerdos de venta de propiedades. Una subsidiaria de propiedad total acordó vender el Greenbrier Business Center en Chesapeake, VA por $11,000,000, con un depósito de fidelidad de $100,000 debido en dos días hábiles. Se espera el cierre dentro de 60 días, sujeto a las condiciones habituales.

Por separado, dos subsidiarias de propiedad total acordaron vender una propiedad de inquilino único de 5,933 pies cuadrados en Bowling Green, KY y una propiedad de inquilino único de 7,529 pies cuadrados en Huntsville, AL por $5,350,000, con un depósito de fidelidad de $100,000 debido en tres días hábiles. Se espera el cierre dentro de 45 días, sujeto a condiciones. En ambas transacciones, el comprador pagará la contraprestación a las subsidiarias vendedoras en el cierre, y no hay garantía de que las ventas se completen.

Medalist Diversified REIT, Inc. (MDRR)가 두 건의 부동산 매매 계약을 발표했습니다. 한 명의 전액 출자 자회사가 차이스미에서 Greenbrier Business Center를 $11,000,000에 매각하기로 합의했고, $100,000의 계약금은 영업일 기준 2일 이내에 납부되어야 합니다. 클로징은 일반적인 조건에 따라 60일 이내로 예상됩니다.

또한, 두 개의 전액 출자 자회사가 볼링그린, KY의 단일 임차인 소유 부동산 5,933 제곱피트와 헌츠빌, AL의 단일 임차인 소유 부동산 7,529 제곱피트$5,350,000에 매각하기로 합의했고, $100,000의 계약금은 영업일 기준 3일 이내에 납부되어야 합니다. 클로징은 조건에 따라 45일 이내로 예상됩니다. 두 거래 모두 매수인은 클로징 시 매도 자회사에 대가를 지급하며, 매매가 체결될 것이라는 보장은 없습니다.

Medalist Diversified REIT, Inc. (MDRR) a annoncé deux accords de vente immobilière. Une filiale entièrement détenue a accepté de vendre le Greenbrier Business Center à Chesapeake, VA pour $11,000,000, avec un acompte de fiducie de $100,000 dû sous deux jours ouvrables. la clôture est prévue dans les 60 jours, sous réserve des conditions habituelles.

Par ailleurs, deux filiales entièrement détenues ont accepté de vendre une propriété à locataire unique de 5 933 pieds carrés à Bowling Green, KY et une propriété à locataire unique de 7 529 pieds carrés à Huntsville, AL pour $5,350,000, avec un acompte de fiducie de $100,000 dû sous trois jours ouvrables. La clôture est prévue dans les 45 jours, sous réserve des conditions. Dans les deux transactions, l'acheteur paiera la contrepartie aux filiales vendeuses à la clôture, et il n'y a aucune garantie que les ventes seront conclues.

Medalist Diversified REIT, Inc. (MDRR) gab zwei Immobilienverkaufsvereinbarungen bekannt. Eine hundertprozentig tochtergesellschaft hat sich bereit erklärt, das Greenbrier Business Center in Chesapeake, VA für $11,000,000 zu verkaufen, mit einer Earnest-Money-Anzahlung von $100,000, die innerhalb von zwei Werktagen fällig ist. Der Abschluss wird voraussichtlich innerhalb von 60 Tagen erfolgen, vorbehaltlich üblicher Bedingungen.

Separat stimmten zwei hundertprozentig besessene Tochtergesellschaften dem Verkauf einer Single-Tenant-Immobilie mit 5.933 Quadratfuß in Bowling Green, KY und einer 7.529 Quadratfuß großen Single-Tenant-Immobilie in Huntsville, AL für $5,350,000 zu, mit einer Earnest-Money-Anzahlung von $100,000, fällig innerhalb von drei Werktagen. Der Abschluss wird voraussichtlich innerhalb von 45 Tagen erfolgen, vorbehaltlich Bedingungen. In beiden Transaktionen wird der Käufer die Gegenleistung zum Zeitpunkt des Abschlusses an die verkaufenden Tochtergesellschaften zahlen, und es besteht keine Gewähr, dass die Verkäufe abgeschlossen werden.

Medalist Diversified REIT, Inc. (MDRR) أعلن عن اتفاقي بيع عقاريين. وافقت شركة تابعة مملوكة بالكامل على بيع Greenbrier Business Center في تشيسابيك، فيرجينيا مقابل $11,000,000، مع وديعة دفع ابتدائية قدرها $100,000 مستحقة خلال يومي عمل. من المتوقع الإغلاق خلال 60 يوماً، رهناً بالشروط المعتادة.

على نحو منفصل، وافقت شركتان فرعيتان مملوكتان بالكامل على بيع عقار مستأجر واحد بمساحة 5,933 قدم مربع في Bowling Green، KY وعقار مستأجر واحد بمساحة 7,529 قدم مربع في Huntsville، AL بمبلغ $5,350,000، مع وديعة دفع ابتدائية قدرها $100,000 مستحقة خلال ثلاثة أيام عمل. من المتوقع الإغلاق خلال 45 يوماً، رهناً بالشروط. في كلا الصفقتين، سيدفع المشترى المقابل إلى الشركات الفرعية البائعة عند الإغلاق، ولا يوجد ضمان بأن تتم الصفقتان.

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Insights

Neutral: MDRR signs two asset sale agreements with closing contingencies.

MDRR entered into agreements to sell three assets: the Greenbrier Business Center for $11,000,000 and two single-tenant properties for $5,350,000. Earnest money deposits of $100,000 are required for each agreement, indicating buyer commitment but not certainty.

Closings are expected within 60 days (Greenbrier) and 45 days (the two single-tenant assets), each subject to customary conditions and no assurance of completion. Proceeds are payable to the selling subsidiaries at closing; actual impact depends on closing and final prorations and adjustments.

Key variables include buyer diligence outcomes, market conditions affecting closing, and any adjustments at settlement. Subsequent filings may provide closing confirmations and any changes to consideration.

Medalist Diversified REIT, Inc. (MDRR) ha annunciato due accordi di vendita di immobili. Una controllata interamente di proprietà ha accettato di vendere il Greenbrier Business Center a Chesapeake, VA per $11,000,000, con una caparra confirmatoria di $100,000 dovuta entro due giorni lavorativi. La chiusura è prevista entro 60 giorni, soggetta alle condizioni usuali.

Separatamente, due controllate interamente possedute hanno accettato di vendere una proprietà a uso singolo di 5.933 piedi quadrati in Bowling Green, KY e una proprietà a uso singolo di 7.529 piedi quadrati in Huntsville, AL per $5,350,000, con una caparra confirmatoria di $100,000 dovuta entro tre giorni lavorativi. La chiusura è prevista entro 45 giorni, soggetta a condizioni. In entrambe le transazioni, l'acquirente pagherà il corrispettivo alle controllate venditrici al momento della chiusura, e non vi è alcuna garanzia che le vendite saranno concluse.

Medalist Diversified REIT, Inc. (MDRR) anunció dos acuerdos de venta de propiedades. Una subsidiaria de propiedad total acordó vender el Greenbrier Business Center en Chesapeake, VA por $11,000,000, con un depósito de fidelidad de $100,000 debido en dos días hábiles. Se espera el cierre dentro de 60 días, sujeto a las condiciones habituales.

Por separado, dos subsidiarias de propiedad total acordaron vender una propiedad de inquilino único de 5,933 pies cuadrados en Bowling Green, KY y una propiedad de inquilino único de 7,529 pies cuadrados en Huntsville, AL por $5,350,000, con un depósito de fidelidad de $100,000 debido en tres días hábiles. Se espera el cierre dentro de 45 días, sujeto a condiciones. En ambas transacciones, el comprador pagará la contraprestación a las subsidiarias vendedoras en el cierre, y no hay garantía de que las ventas se completen.

Medalist Diversified REIT, Inc. (MDRR)가 두 건의 부동산 매매 계약을 발표했습니다. 한 명의 전액 출자 자회사가 차이스미에서 Greenbrier Business Center를 $11,000,000에 매각하기로 합의했고, $100,000의 계약금은 영업일 기준 2일 이내에 납부되어야 합니다. 클로징은 일반적인 조건에 따라 60일 이내로 예상됩니다.

또한, 두 개의 전액 출자 자회사가 볼링그린, KY의 단일 임차인 소유 부동산 5,933 제곱피트와 헌츠빌, AL의 단일 임차인 소유 부동산 7,529 제곱피트$5,350,000에 매각하기로 합의했고, $100,000의 계약금은 영업일 기준 3일 이내에 납부되어야 합니다. 클로징은 조건에 따라 45일 이내로 예상됩니다. 두 거래 모두 매수인은 클로징 시 매도 자회사에 대가를 지급하며, 매매가 체결될 것이라는 보장은 없습니다.

Medalist Diversified REIT, Inc. (MDRR) a annoncé deux accords de vente immobilière. Une filiale entièrement détenue a accepté de vendre le Greenbrier Business Center à Chesapeake, VA pour $11,000,000, avec un acompte de fiducie de $100,000 dû sous deux jours ouvrables. la clôture est prévue dans les 60 jours, sous réserve des conditions habituelles.

Par ailleurs, deux filiales entièrement détenues ont accepté de vendre une propriété à locataire unique de 5 933 pieds carrés à Bowling Green, KY et une propriété à locataire unique de 7 529 pieds carrés à Huntsville, AL pour $5,350,000, avec un acompte de fiducie de $100,000 dû sous trois jours ouvrables. La clôture est prévue dans les 45 jours, sous réserve des conditions. Dans les deux transactions, l'acheteur paiera la contrepartie aux filiales vendeuses à la clôture, et il n'y a aucune garantie que les ventes seront conclues.

Medalist Diversified REIT, Inc. (MDRR) gab zwei Immobilienverkaufsvereinbarungen bekannt. Eine hundertprozentig tochtergesellschaft hat sich bereit erklärt, das Greenbrier Business Center in Chesapeake, VA für $11,000,000 zu verkaufen, mit einer Earnest-Money-Anzahlung von $100,000, die innerhalb von zwei Werktagen fällig ist. Der Abschluss wird voraussichtlich innerhalb von 60 Tagen erfolgen, vorbehaltlich üblicher Bedingungen.

Separat stimmten zwei hundertprozentig besessene Tochtergesellschaften dem Verkauf einer Single-Tenant-Immobilie mit 5.933 Quadratfuß in Bowling Green, KY und einer 7.529 Quadratfuß großen Single-Tenant-Immobilie in Huntsville, AL für $5,350,000 zu, mit einer Earnest-Money-Anzahlung von $100,000, fällig innerhalb von drei Werktagen. Der Abschluss wird voraussichtlich innerhalb von 45 Tagen erfolgen, vorbehaltlich Bedingungen. In beiden Transaktionen wird der Käufer die Gegenleistung zum Zeitpunkt des Abschlusses an die verkaufenden Tochtergesellschaften zahlen, und es besteht keine Gewähr, dass die Verkäufe abgeschlossen werden.

Medalist Diversified REIT, Inc. (MDRR) أعلن عن اتفاقي بيع عقاريين. وافقت شركة تابعة مملوكة بالكامل على بيع Greenbrier Business Center في تشيسابيك، فيرجينيا مقابل $11,000,000، مع وديعة دفع ابتدائية قدرها $100,000 مستحقة خلال يومي عمل. من المتوقع الإغلاق خلال 60 يوماً، رهناً بالشروط المعتادة.

على نحو منفصل، وافقت شركتان فرعيتان مملوكتان بالكامل على بيع عقار مستأجر واحد بمساحة 5,933 قدم مربع في Bowling Green، KY وعقار مستأجر واحد بمساحة 7,529 قدم مربع في Huntsville، AL بمبلغ $5,350,000، مع وديعة دفع ابتدائية قدرها $100,000 مستحقة خلال ثلاثة أيام عمل. من المتوقع الإغلاق خلال 45 يوماً، رهناً بالشروط. في كلا الصفقتين، سيدفع المشترى المقابل إلى الشركات الفرعية البائعة عند الإغلاق، ولا يوجد ضمان بأن تتم الصفقتان.

Medalist Diversified REIT, Inc. (MDRR) 公布了两项物业销售协议。全资控股的子公司同意以 $11,000,000 价格出售位于弗吉尼亚州切萨皮克的 Greenbrier 商务中心,定金为 $100,000,须在两个工作日内支付。预计在60天内完成交易,须符合通常条件。

另有两家全资控股子公司同意以 $5,350,000 价格出售位于肯塔基州鲍灵格林的5,933平方英尺单租户物业和位于阿拉巴马州亨茨维尔的7,529平方英尺单租户物业,定金为 $100,000,须在三个工作日内支付。预计在45天内完成,须符合条件。在这两项交易中,买方将于交割时向出售的子公司支付对价,且不能保证交易一定完成。

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 28, 2025 (October 27, 2025)

Medalist Diversified REIT, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Maryland

 

001-38719

 

47-5201540

(State or other jurisdiction of incorporation
or organization)

 

(Commission File Number)

 

(I.R.S. Employer
Identification No.)

P.O. Box 8436

Richmond, VA, 23226

(Address of principal executive offices)

(804) 338-7708

(Registrant’s telephone number, including area code)

None

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 Title of Each Class

 

Name of each Exchange
on Which Registered  

 

Trading
Symbol(s)  

Common Stock, $0.01 par value

 

Nasdaq Capital Market

 

MDRR

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging Growth Company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

ITEM 1.01

Entry Into a Material Definitive Agreement.

Entry into Purchase and Sale Agreements

On October 27, 2025, (the “Greenbrier Effective Date”), MDR Greenbrier, LLC, a Delaware limited liability company (the “Greenbrier Seller”), a wholly-owned subsidiary of Medalist Diversified REIT, Inc., a Maryland corporation (the “Company”), entered into a Purchase and Sale Agreement (the “Greenbrier Purchase and Sale Agreement”), with CLM Acquisitions, LLC, a Virginia limited liability company (the “Greenbrier Purchaser”), whereby the Greenbrier Purchaser agreed to acquire (the “ Greenbrier Acquisition”) the property located at 1244 Executive Boulevard, Chesapeake, VA, 23320, commonly known as Greenbrier Business Center (the “Greenbrier Property”). The total consideration for the Greenbrier Property is $11,000,000 (the “Greenbrier Consideration”), subject to the prorations and adjustments described in the Greenbrier Purchase and Sale Agreement. The Greenbrier Consideration is to be paid by the Greenbrier Purchaser to the Greenbrier Seller at the Closing (as that term is defined in the Greenbrier Purchase and Sale Agreement). The Greenbrier Purchaser is required to make an earnest money deposit of $100,000 within two business days of the Greenbrier Effective Date.

The Greenbrier Purchase and Sale Agreement contains provisions, representations, warranties, covenants, conditions and indemnities that are customary and standard for the real estate industry and the sale of commercial real property. The Greenbrier Acquisition is expected to close within 60 days. Several conditions to closing on the Greenbrier Acquisition remain to be satisfied, and there can be no assurance that the Greenbrier Purchaser will complete the transaction on the general terms described above or at all.

On October 28, 2025, (the “Buffalo Wild Wings and United Rentals Effective Date”), MDR Dan Tibbs Road, LLC, a Delaware limited liability company, and MDR Bowling Green, LLC, a Delaware limited liability company (collectively, the “Buffalo Wild Wings and United Rentals Sellers”), wholly-owned subsidiaries of the Company, entered into a Purchase and Sale Agreement (the “Buffalo Wild Wings and United Rentals Purchase and Sale Agreement”), with FCPT Acquisitions LLC, a Delaware limited liability company (the “Buffalo Wild Wings and United Rentals Purchaser”), whereby the Buffalo Wild Wings and United Rentals Purchaser agreed to acquire (the “Buffalo Wild Wings and United Rentals Acquisition”) (i) a 5,933 square foot single tenant building on 1.82 acres located in Bowling Green, Kentucky and (ii) a 7,529 square foot single tenant building on 3.01 acres located in Huntsville, Alabama (collectively, the “Buffalo Wild Wings and United Rentals Properties”). The total consideration for the Buffalo Wild Wings and United Rentals Properties is $5,350,000 (the “Buffalo Wild Wings and United Rentals Consideration”), subject to the prorations and adjustments described in the Buffalo Wild Wings and United Rentals Purchase and Sale Agreement. The Buffalo Wild Wings and United Rentals Consideration is to be paid by the Buffalo Wild Wings and United Rentals Purchaser to the Buffalo Wild Wings and United Rentals Sellers at the Closing (as that term is defined in the Buffalo Wild Wings and United Rentals Purchase and Sale Agreement). The Buffalo Wild Wings and United Rentals Purchaser is required to make an earnest money deposit of $100,000 within three business days of the Buffalo Wild Wings and United Rentals Effective Date.

The Buffalo Wild Wings and United Rentals Agreement contains provisions, representations, warranties, covenants, conditions and indemnities that are customary and standard for the real estate industry and the sale of commercial real property. The Buffalo Wild Wings and United Rentals Acquisition is expected to close within 45 days. Several conditions to closing on the Buffalo Wild Wings and United Rentals Acquisition remain to be satisfied, and there can be no assurance that the Buffalo Wild Wings and United Rentals Purchaser will complete the transaction on the general terms described above or at all.

The foregoing descriptions of the Greenbrier Purchase and Sale Agreement and the Buffalo Wild Wings and United Rentals Purchase and Sale Agreement are qualified in their entirety by reference to the Greenbrier Purchase and Sale Agreement and Buffalo Wild Wings and United Rentals Purchase and Sale Agreement, copies of which are filed as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K and are incorporated by reference in this Item 1.01.

Cautionary Statements Regarding Forward-Looking Statements

This Current Report on Form 8-K contains statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward looking statements are

not historical and are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “estimate, “may,” “will,” “should” and “could” and include statements about the closing of the Greenbrier Acquisition and Buffalo Wild Wings and United Rentals Acquisition. Forward-looking statements are based upon the Company’s present expectations but are not guarantees or assurances as to future developments or results. Factors that may cause actual developments or results to differ from those reflected in forward-looking statements include, without limitation, adverse changes in the pricing of the Company’s assets, disruptions associated with management internalizations, increased costs of, and reduced availability of, capital and those included in the Company’s most recent Annual Report on Form 10-K and in the Company’s other filings with the Securities and Exchange Commission. Investors should not place undue reliance upon forward-looking statements. The Company disclaims any obligation to publicly update or revise any forward-looking statements to reflect changes and new developments except as required by law or regulation.

ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit No.

Description

10.1

Purchase and Sale Agreement, dated as of October 27, 2025, by and between MDR Greenbrier, LLC and CLM Acquisitions, LLC

10.2

Purchase and Sale Agreement, dated as of October 28, 2025, by and among MDR Dan Tibbs Road, LLC, MDR Bowling Green, LLC and FCPT Acquisitions LLC

104

Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL Document

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

MEDALIST DIVERSIFIED REIT, INC.

 

 

 

Dated: October 28, 2025

By:

/s/ C. Brent Winn, Jr.

 

 

C. Brent Winn, Jr.

 

 

Chief Financial Officer

Medalist Diversified Reit Inc

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