Medalist Diversified, Inc. 8-K

What Happened
Medalist Diversified, Inc. (MDRR) filed an 8-K on June 9, 2026 disclosing it entered into a Purchase and Sale Agreement dated June 8, 2026 to acquire a property at 14939 Metcalf Avenue, Overland Park, Kansas. The property consists of approximately 1.64 acres and a ~16,100 square‑foot automotive service building. The purchase price is $5,800,000, and the Company must deliver a $150,000 earnest money deposit within three business days of the agreement’s effective date. The Acquisition is expected to close within 45 days, subject to customary closing conditions.

Key Details

• Seller: 14939 Metcalf Ave., LLC (Texas LLC); Agreement dated June 8, 2026.
• Purchase price (Consideration): $5,800,000; Earnest money deposit: $150,000.
• Property: ~1.64 acres with ~16,100 sq. ft. automotive service building in Overland Park, KS.
• Structure and next steps: Medalist intends to assign the agreement to a to‑be‑formed Delaware statutory trust (DST) and offer beneficial interests in the DST to accredited investors in a private placement under Regulation D; proceeds expected to be used to redeem the Company’s beneficial interests for cash.
• Timing and risk: Closing expected within 45 days; several conditions remain unsatisfied and the deposit may be non‑refundable under certain conditions.

Why It Matters
This 8-K notifies investors of a near‑term real estate acquisition that would add a specific commercial asset to Medalist’s holdings or to a DST formed by the Company. The transaction size ($5.8M) and the plan to syndicate beneficial interests in a DST are material operational and capital‑structure actions that could affect the Company’s asset mix and cash flows depending on whether the DST offering and closing occur as planned. The filing also includes forward‑looking disclaimers and notes that the closing is subject to conditions, so completion is not guaranteed.