Medalist Diversified REIT, Inc. 8-K

What Happened Medalist Diversified REIT, Inc. (via its subsidiary MDR Franklin Square, LLC) filed an 8-K reporting that on February 3, 2026 it entered into a Purchase and Sale Agreement with PC Acquisitions, LLC to sell the Shops at Franklin Square, a 134,239 square-foot retail property in Gastonia, North Carolina, for total consideration of $24,500,000. The purchaser must deliver a $150,000 earnest money deposit within three business days of the effective date, and the parties expect the transaction to close within 45 days, subject to customary prorations, adjustments and closing conditions.

Key Details

• Seller: MDR Franklin Square, LLC (subsidiary of Medalist Diversified REIT, Inc.); Purchaser: PC Acquisitions, LLC.
• Property: Shops at Franklin Square, 134,239 sq ft, Gastonia, NC.
• Purchase price (Consideration): $24,500,000, payable at closing; earnest money deposit: $150,000.
• Agreement date: February 3, 2026; closing expected within ~45 days but several conditions to closing remain.

Why It Matters This filing notifies investors that Medalist (through a subsidiary) has entered into a binding agreement to sell a material retail asset for $24.5M, which—if completed—will transfer ownership of the Franklin Square property and generate the stated sale proceeds (subject to adjustments). The transaction is not yet closed and depends on remaining conditions, so investors should note the sale is expected but not guaranteed. The Purchase and Sale Agreement is included as an exhibit to the 8-K for full terms.