8-K - Medalist Diversified REIT, Inc. | StockGist

AI Analysis

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Medalist Diversified REIT, Inc.'s subsidiary MDR Ashley Plaza, LLC entered into a Purchase and Sale Agreement dated March 5, 2026, to sell the 156,012 square foot Ashley Plaza retail property in Goldsboro, North Carolina, to HPX Goldsboro Ashley Center LLC for $16,600,000, subject to prorations, with closing expected within 90 days.

Key Takeaways

1Seller: MDR Ashley Plaza, LLC (Medalist Diversified REIT, Inc. subsidiary)

2Purchaser: HPX Goldsboro Ashley Center LLC

3Property: Ashley Plaza, 156,012 sq ft retail at 201–221 North Berkeley Boulevard, Goldsboro, NC

4Purchase Price: $16,600,000 subject to prorations

5Earnest Money: $150,000 within 2 business days of Effective Date + $150,000 within 3 business days post Due Diligence Period

6Closing: Expected within 90 days; conditions remain, no assurance of completion

Current Report Details

Event Type

Material Agreement

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

. Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Purchase and Sale Agreement, dated as of March 5, 2026, b

Material Agreement

Transaction Details

Material Agreement

Agreement: Purchase and Sale Agreement
Parties: MDR Ashley Plaza, LLC (Seller), HPX Goldsboro Ashley Center LLC (Purchaser)

•Effective Date: March 5, 2026
•Property: 156,012 square foot retail property at 201–221 North Berkeley Boulevard, Goldsboro, North Carolina (Ashley Plaza Property)
•Total Consideration: $16,600,000 subject to prorations and adjustments
•Earnest Money Deposit: $150,000 within two business days of Effective Date and $150,000 within three business days after end of Due Diligence Period
•Closing: Expected within 90 days; several conditions to closing remain to be satisfied

Exhibits (2)

10.1

EX-10.1

8-K