Every 8-K that Medalist Diversified, Inc. (MDRR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow MDRR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MDRR filings page.
Medalist Diversified, Inc. (MDRR) entered a new real estate joint venture, reactivated a previously terminated purchase agreement, and reported extensive asset sales with pro forma financials. Through subsidiary MDI Mira Sav, LLC it committed $4.0 million of preferred equity to Mira Sav Partners LLC for an approximately 42% preferred equity interest. The JV is managed by Spandrel Development Partners, LLC, with Spandrel holding 37% common equity, and CEO Frank Kavanaugh and director Emanuel Neuman each holding 11% common equity. Medalist receives a 6% preferred return on its invested preferred equity, paid at least quarterly, plus an additional 9% accrued preferred return on exit, and holds approval rights over major decisions and the ability to replace Spandrel after certain materially adverse events.
The company’s operating partnership agreed to provide a limited guaranty on an approximately $13.5 million construction loan to the JV. Medalist also reinstated and amended a purchase and sale agreement for a Caliber Collision Center property in Aubrey, Texas, reducing the price from $5,494,444 to $5,404,864, while the seller retains previously deposited earnest money. Separately, the company closed the sale of the Brookfield Center property in South Carolina for $10,100,000, using $4,342,261 of proceeds to defease and retire the related mortgage loan.
Exhibit 99.1 presents unaudited pro forma consolidated financial statements reflecting this Brookfield disposition and a series of earlier property sales, including the Salisbury Property at $9,930,000, Franklin Square at $24,100,000, and Ashley Plaza at $16,275,000, as well as deconsolidation of the Tesla Pensacola DST structure. As of June 30, 2026, the pro forma balance sheet shows total assets of $51,373,106 and total equity of $45,480,493, with increased cash and reduced mortgage liabilities after the dispositions.
Medalist Diversified, Inc. (MDRR) reported that it has terminated two previously announced Purchase and Sale Agreements with NPH Ventures, LLC to acquire Caliber Collision Center properties in Aubrey and Cleburne, Texas. The company had agreed to purchase the properties under the Denton Agreement and the Johnson Agreement signed on July 21, 2026.
On August 18, 2026, Medalist Diversified, Inc. exercised its contractual right to terminate both agreements during the inspection period under Section 1.04 of each agreement. As a result, the earnest money deposits that had been paid in connection with these proposed acquisitions will be refunded to the company.
Medalist Diversified, Inc. completed the sale of the Ashley Plaza Property for $16,275,000, following an earlier agreement for this 164,012 square foot retail center. Proceeds were used to defease and retire the mortgage secured by the asset, and the transaction was negotiated with an unaffiliated purchaser.
The company has recently executed seven property dispositions, including the Salisbury Property ($9,930,000 sale; about $4.45 million net cash after repaying roughly $5.145 million of debt), the Buffalo Wild Wings and United Rentals Properties ($5,299,500 combined), the Greenbrier Property ($11,000,000 sale; $7,000,000 of debt repaid), the Parkway Property ($7,825,000 sale; $4,735,614 of debt repaid), the Franklin Square Property ($24,100,000 sale; $12,954,175 of debt repaid) and the Citibank Property ($2,150,000 sale). In addition, it sold 84.72% of the Class 1 beneficial interests in XXV DST 1 (Tesla Pensacola Property), receiving about $6,777,444 net cash and deconsolidating that entity.
Pro forma as of March 31, 2026, cash and cash equivalents increase to $21,127,372, mortgages payable decline to $9,158,326, total liabilities fall to $11,159,838, and total equity rises to $44,397,614. For the three months ended March 31, 2026, pro forma net income attributable to common shareholders is $1,045,323 (basic income per share $0.82), while for 2025 pro forma net loss attributable to common shareholders is $3,341,362 (loss per share $2.96), reflecting the removal of income and expenses from the disposed and deconsolidated properties.
Medalist Diversified, Inc. completed the acquisition of a property at 14939 Metcalf Avenue in Overland Park, Kansas, consisting of approximately 1.64 acres of land and an automotive service building of about 16,100 square feet, for a total purchase price of $5,800,000 funded using cash on hand.
The property was purchased from an unaffiliated seller through a Delaware statutory trust formed to hold title. Medalist Diversified expects to offer beneficial interests in the trust to accredited investors in a private placement under Regulation D, with proceeds used to redeem the company’s beneficial interests for cash, and plans to file required financial statements and pro forma information within 71 days of the required reporting date.
Medalist Diversified, Inc. entered into two Purchase and Sale Agreements on July 21, 2026 with NPH Ventures, LLC to acquire Caliber Collision Center properties in Texas. The Denton Property, at 8600 Highway 377 in Aubrey, has total consideration of $5,494,444, and the Johnson Property, at 282 South Colonial Drive in Cleburne, has total consideration of $5,648,000, each subject to prorations and adjustments.
The company must fund earnest money deposits of $122,000 for Denton and $105,000 for Johnson within three business days of the effective date, and under certain conditions these deposits may not be returned. Both acquisitions are expected to close within 60 days, but several conditions remain and there is no assurance they will be completed. Medalist Diversified intends to assign its interests in these acquisitions to to‑be‑formed Delaware statutory trusts, which will hold title to the properties. The company expects to offer beneficial interests in the trusts to accredited investors in a Regulation D private placement, using the proceeds to redeem its beneficial interests for cash.
Medalist Diversified, Inc. declared a quarterly cash dividend on its common stock of $0.0675 per share. The Board of Directors authorized this dividend, which will be paid in cash on July 30, 2026 to shareholders who are holders of record as of July 23, 2026. The company’s common stock trades on the Nasdaq Capital Market under the symbol MDRR.
Medalist Diversified, Inc. reported a signed Purchase and Sale Agreement for Brookfield Center, a 64,880-square-foot flex-industrial property in Greenville, South Carolina, for total consideration of $10,250,000, with a $150,000 earnest money deposit. Closing is expected within 45 days, subject to customary conditions, and may not occur.
Stockholders approved an amendment to the Articles of Incorporation that restricts transfers of common stock to protect the company’s net operating loss and net capital loss tax benefits, generally limiting ownership increases at the 4.9% threshold. At the 2026 annual meeting, two Class III directors were elected, executive compensation was approved on an advisory basis, the auditor appointment was ratified, and the charter amendment related to the tax benefit strategy was approved.
Medalist Diversified, Inc. has agreed to acquire a commercial property at 14939 Metcalf Avenue in Overland Park, Kansas. The site includes about 1.64 acres of land with an approximately 16,100 square foot automotive service building. The total purchase price is $5,800,000, payable at closing, with an $150,000 earnest money deposit due within three business days of the June 8, 2026 effective date. The deal is expected to close within 45 days, but remains subject to multiple closing conditions and the deposit may be forfeited in certain circumstances.
The company plans to assign the agreement to a newly formed Delaware statutory trust, which will acquire and hold title to the property. Medalist Diversified expects to offer beneficial interests in the trust to accredited investors in a private placement under Regulation D, using the proceeds to redeem its own beneficial interests for cash.
Medalist Diversified, Inc., through its wholly owned subsidiary Own Digital Treasury TRS, LLC, entered into a Pledged Asset Line Agreement with Charles Schwab & Co., Inc. The revolving, non-purpose margin credit facility allows the Company to borrow up to $15.8 million, based on the collateral value in a designated Schwab brokerage account as of May 21, 2026.
The facility is secured by a first-priority lien on that brokerage account and carries a variable interest rate tied to the Secured Overnight Financing Rate (SOFR) plus an applicable margin. The agreement includes customary events of default, such as failure to make required payments or post additional collateral, insolvency events, and insufficient collateral value in the pledged account.
Medalist Diversified, Inc. is launching a Delaware Statutory Trust (DST) sponsor platform through its wholly owned subsidiary, MDRR Sponsor TRS, LLC, targeting accredited 1031 exchange investors and their advisors. The platform emphasizes SEC-reporting transparency, independent board governance, and third-party due diligence on each offering.
The inaugural DST, MDRR XXV DST 1, holds a single-tenant, net-leased Tesla sales, service and delivery facility in Pensacola, Florida, a 45,461-square-foot property with service bays, Supercharger stations, and extensive parking. The offering uses approximately 47% loan-to-value fixed-rate financing, described as consistent with institutional underwriting standards.
Medalist focuses its DST strategy on commercial real estate leased to institutional tenants in the Southeast, mountain states, and California, with an approach centered on credit quality, long-term leases, and conservative leverage. The company reports having no corporate-level debt and an estimated $40 million in sponsor-level net asset value.
Medalist Diversified, Inc. closed the sale of the Shops at Franklin Square retail property in Gastonia, North Carolina for $24,100,000. The company used $12,954,175 of the proceeds to defease and retire the mortgage loan secured by this property.
Pro forma for recent asset sales, total assets are shown at $65,467,891 and mortgages payable at $19,709,183 as of December 31, 2025. The unaudited pro forma statement of operations for 2025 reflects a net loss of $3,772,525 and a basic and diluted loss per share of $2.70, compared with historical figures of $1,935,773 and $1.90 per share.
The Board authorized and the company declared a quarterly cash dividend of $0.0675 per common share, payable on April 21, 2026 to shareholders of record as of April 15, 2026.
Medalist Diversified REIT, Inc., through its subsidiary MDR Ashley Plaza, LLC, entered into a Purchase and Sale Agreement to sell the 156,012 square foot Ashley Plaza retail property in Goldsboro, North Carolina to HPX Goldsboro Ashley Center LLC. The agreed consideration for the property is $16,600,000, subject to prorations and adjustments described in the agreement, and is payable by the purchaser to the seller at closing.
The purchaser must provide earnest money deposits of $150,000 within two business days of the March 5, 2026 effective date and an additional $150,000 within three business days after the end of the due diligence period. Closing is expected within 90 days, but it remains subject to customary conditions, and there is no assurance the transaction will be completed on these terms or at all.
Medalist Diversified REIT, Inc. is exiting REIT status, repositioning its balance sheet, and reshaping its portfolio and strategy. The board authorized termination of the company’s REIT election effective January 1, 2026, removing prior share ownership limits, and the company will operate as a standard C‑corporation.
On February 13, 2026, Medalist sold the Greenbrier Business Center property in Chesapeake, Virginia for $11,000,000, using $7,000,000 of proceeds to repay existing debt. This sale follows earlier 2025 dispositions of the Salisbury Marketplace, Buffalo Wild Wings, and United Rentals properties, with unaudited pro forma financials showing the combined impact on assets, liabilities, revenue, and earnings.
The company reports it now has no indebtedness at the corporate level, with remaining obligations at the property level and limited guaranties it aims to reduce. Management estimates more than $40 million of net asset value in real estate and liquid investments, a significant portion expected to be liquid or readily deployable.
Reflecting the broader strategic shift, the company is changing its name to Medalist Diversified, Inc. effective March 2, 2026, while keeping its Nasdaq listing and ticker MDRR. The updated framework emphasizes growing a Delaware Statutory Trust sponsorship platform, investing excess liquidity in treasuries and investment‑grade securities, and preserving balance sheet capacity to pursue potential strategic acquisitions.
Medalist Diversified REIT, Inc. disclosed that its subsidiary MDR Franklin Square, LLC signed a Purchase and Sale Agreement to sell the Shops at Franklin Square, a 134,239 square foot retail property in Gastonia, North Carolina, to PC Acquisitions, LLC.
The agreed total consideration is $24,500,000, subject to prorations and adjustments, and will be paid at closing. The buyer must post $150,000 in earnest money within three business days of February 3, 2026. The transaction is expected to close within 45 days, but remains subject to customary conditions, and completion is not assured.
Medalist Diversified REIT, Inc. reported that two members of its Board of Directors, Kory Kramer and A. Lee Finley, have decided to resign from the Board effective January 9, 2026. Along with leaving the Board, they will no longer serve on the Nominating and Corporate Governance Committee or the Acquisition Committee. The company states that their resignations did not result from any disagreement regarding operations, policies, or practices. Following these departures, the Board expects to reduce its size to five directors, reflecting a smaller governance group overseeing the REIT.
Medalist Diversified REIT, Inc. entered into an Exchange Agreement with its Chief Executive Officer, Francis P. Kavanaugh. Under this agreement, Mr. Kavanaugh will exchange 2,405 shares of common stock for 2,405 operating partnership units, on a one-for-one basis, in Medalist Diversified Holdings, LP, the company’s operating partnership. The company states that this exchange is intended to help maintain its real estate investment trust status, which requires that no more than 50% of the value of its outstanding capital stock be owned by five or fewer individuals. After the exchange, Mr. Kavanaugh intends to purchase additional shares of common stock. The operating partnership units can be redeemed for cash or, at the operating partnership’s option, for common stock on a one-for-one basis after a one-year holding period. The transaction was reviewed and approved by a majority of the Audit Committee and a majority of the Board of Directors.
Medalist Diversified REIT (MDRR) completed an internal contribution and financing tied to its Tesla-occupied property in Pensacola, FL. On November 7, 2025, a wholly owned subsidiary contributed the Tesla Property to a company-controlled Delaware statutory trust (DST) for total consideration of $14,554,504, receiving $6,932,061 in cash and DST beneficial interests valued at approximately $7,622,443.
The DST entered into a Loan Agreement with Pinnacle Bank for a $7,710,000 loan. The company’s operating partnership provided a limited guaranty covering specified obligations and certain recourse in bankruptcy or insolvency scenarios. The DST was formed to hold title and expects to offer beneficial interests to accredited investors in a private placement under Regulation D, with proceeds intended to redeem the company’s DST interests for cash. The company expects to cease owning the DST after completion of the offering while continuing to manage operations as Trust Manager, and it expects to consolidate the DST until more than 50% of interests are sold.
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 (MDRR) closed the sale of Salisbury Marketplace Shopping Center for $9,930,000. The property at 2106 Statesville Blvd., Salisbury, NC was sold on October 23, 2025 after arm’s length negotiations with an unaffiliated purchaser. The transaction was executed through the Company’s wholly owned subsidiary, MDR Salisbury, LLC.
The Company stated it expects to use a portion of the proceeds from the sale to repay a portion of existing debt. This is a cash inflow event tied to a completed asset disposition, with proceeds earmarked to reduce leverage.
Medalist Diversified REIT, Inc. declared a quarterly cash dividend of $0.0675 per share on its common stock. This dividend was approved by the Board of Directors and represents the regular cash payout to shareholders.
The dividend will be paid on October 13, 2025 to common stockholders of record as of October 9, 2025. Investors holding shares on the record date will receive the cash payment on the stated payable date.
Medalist Diversified REIT, Inc. filed an amended current report to update its earlier disclosure about acquiring the Tesla Pensacola Property in Pensacola, Florida. The amendment adds unaudited pro forma financial information showing how the acquisition would have affected the company’s consolidated balance sheet as of June 30, 2025 and its statements of operations for the six months ended June 30, 2025 and the year ended December 31, 2024.
The company explains it is not providing separate historical financial statements for the Tesla Pensacola Property because the building was extensively renovated and converted from a trade college to an automotive sales, service and distribution facility just before the acquisition, so prior leasing history is not considered representative of future performance.
Medalist Diversified REIT, Inc. entered an exchange allowing its CEO to swap 240,004 shares of common stock on a one-for-one basis for 240,004 limited partnership OP Units in the companys operating partnership to help preserve REIT qualification limits on concentrated ownership. The CEO indicated an intent to purchase additional common shares after the exchange.
The companys wholly owned subsidiary agreed to sell Salisbury Marketplace Shopping Center for $10,000,000 with a $150,000 earnest money deposit and an expected close within 60 days, subject to customary closing conditions that remain to be satisfied. The issued OP Units were sold without registration relying on Section 4(a)(2) of the Securities Act.
Medalist Diversified REIT (Nasdaq:MDRR) filed a routine Form 8-K (Item 8.01) announcing a quarterly cash dividend of $0.0675 per share. The dividend will be paid on July 16, 2025 to shareholders of record as of July 11, 2024. No other material developments were disclosed.
Medalist Diversified REIT (Nasdaq:MDRR) filed a Form 8-K reporting the voting outcomes of its 17 June 2025 annual shareholder meeting. Stockholders re-elected three Class II directors, backed the company’s executive compensation on an advisory basis, ratified Cherry Bekaert LLP as independent auditor for fiscal 2025, and approved a potential share issuance to CEO Francis P. Kavanaugh related to Operating Partnership unit redemptions. All four proposals passed by comfortable margins and no additional material events or financial updates were disclosed.