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FINANCIAL | Real Estate / REITs
medalistreit.com

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Founded Year

2015

Stage

IPO | IPO

Date of IPO

11/28/2018

Market Cap

0.02B

Stock Price

1.30

About Medalist Diversified REIT

Medalist Diversified REIT was formed in 2015 as a Maryland corporation, to acquire, reposition, renovate, lease and manage income-producing properties, with a primary focus on (i) commercial properties, including flex-industrial, and retail properties, and (ii) multi-family residential properties.

Medalist Diversified REIT Headquarter Location

11 S. 12th Street Suite 401

Richmond, Virginia, 23219,

United States

804-344-4445

Latest Medalist Diversified REIT News

Medalist Diversified REIT Announces the Sale of the Hampton Inn in Greensboro, North Carolina

Sep 1, 2021

September 01, 2021 08:00 AM Eastern Daylight Time RICHMOND, Va.--( BUSINESS WIRE )--Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the “Company” or “Medalist”), is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. On August 31, 2021, Medalist Diversified Holdings, L.P., the operating partnership of Medalist Diversified REIT, Inc., completed a successful sale of the Company’s Hampton Inn Property in Greensboro, North Carolina (the “Property”) to an unaffiliated purchaser. The sales price of the Property was $12,900,000. After repayment of the $10.4 million mortgage on the Property and payment of the sales commission and closing costs, net proceeds from the transaction were approximately $2.1 million. Of these proceeds, approximately $380,000 were due to an unrelated, non-controlling owner of the Property. The Company’s net proceeds from the transaction were approximately $1.7 million. Thomas Messier, CEO of Medalist Diversified REIT, commented that “the successful sale of the Hampton Inn Property demonstrates the Company’s continued successful implementation of its strategy.” About Medalist Diversified REIT Medalist Diversified REIT Inc. is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company’s strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions. For more information on Medalist, please visit the Company website at https://www.medalistreit.com . Forward Looking Statements This press release contains statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representations, plans or predictions of the future, and are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “may,” “will,” “should” and “could.” Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon the Company’s present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the prospectus dated April 8, 2021, and in the Company’s subsequent annual and periodic reports and other documents filed with the SEC, copies of which are available on the SEC’s website, www.sec.gov . Contacts

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Medalist Diversified REIT Patents

Medalist Diversified REIT has filed 1 patent.

The 3 most popular patent topics include:

  • Forms of golf
  • Golf course architects
  • Golf instruction
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/26/2020

Golf writers and broadcasters, Golf terminology, Golf course architects, Forms of golf, Golf instruction

Application

Application Date

6/26/2020

Grant Date

Title

Related Topics

Golf writers and broadcasters, Golf terminology, Golf course architects, Forms of golf, Golf instruction

Status

Application

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