Medalist Diversified REIT, Inc. 8-K

What Happened

• Medalist Diversified REIT, Inc. (through its subsidiary MDR Ashley Plaza, LLC) announced on March 5, 2026 that it entered into a Purchase and Sale Agreement to sell the Ashley Plaza retail property at 201–221 North Berkeley Boulevard, Goldsboro, North Carolina. The property is 156,012 square feet and the agreed purchase price is $16,600,000. The purchaser is HPX Goldsboro Ashley Center LLC. The parties expect the transaction to close within 90 days, subject to customary conditions.

Key Details

• Purchase and Sale Agreement executed: March 5, 2026.
• Property size and location: 156,012 sq ft at 201–221 N. Berkeley Blvd, Goldsboro, NC.
• Consideration: $16,600,000, subject to prorations and adjustments at closing.
• Earnest money: $150,000 due within two business days of the effective date and an additional $150,000 due within three business days after the due diligence period ends.
• Closing: Expected within 90 days, but several closing conditions remain and the transaction is not guaranteed.

Why It Matters

• This is a sale of a material retail asset for a specified cash consideration, which could affect Medalist’s portfolio composition, liquidity and future cash flows once closed.
• The agreement sets clear timing and deposit terms, but completion depends on customary conditions — investors should note the sale is not final until closing.
• Watch for future filings (amendments or a closing notice) for confirmation that the transaction completed and for disclosure of any adjustments to the sale price or proceeds.