Medalist Diversified, Inc. Completes Sale of Ashley Plaza for $16.275M

What Happened
Medalist Diversified, Inc. (MDRR) filed an 8‑K on August 5, 2026 reporting that its wholly owned subsidiary, MDR Ashley Plaza, LLC, closed the sale of the Ashley Plaza Shopping Center (164,012 sq ft) in Goldsboro, North Carolina to HPX Goldsboro Ashley Center LLC on July 31, 2026. The agreed sales price was $16,275,000 and the transaction was an arm’s‑length sale to an unaffiliated purchaser. The company used $10,060,697 of the proceeds to defease and retire the mortgage loan secured by the property.

Key Details

• Property: Ashley Plaza Shopping Center, 164,012 square feet, Goldsboro, NC.
• Sale price: $16,275,000; closing date: July 31, 2026.
• Mortgage payoff: $10,060,697 of proceeds were used to defease and retire the property’s mortgage.
• Financial reporting: Unaudited pro forma condensed consolidated financial statements reflecting this and prior dispositions are included as Exhibit 99.1 to the 8‑K.

Why It Matters
This disposition reduces Medalist’s real estate portfolio and eliminates the mortgage tied to the Ashley Plaza asset, which can lower leverage on a property‑specific basis and affect the company’s consolidated cash and debt position. The filing includes pro forma financials so investors can see the reported impact of this sale and prior dispositions on Medalist’s balance sheet and results of operations.