Medalist Diversified REIT Announces the Execution of a Sales Contract for the Hampton Inn in Greensboro, North Carolina
Medalist Diversified REIT, Inc. (MDRR)
Company Research
Source: Business Wire
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 June 2, 2021, Medalist Diversified Holdings, L.P., the operating partnership of Medalist Diversified REIT, Inc., entered into an agreement to sell the Company’s Hampton Inn Property located in Greensboro, North Carolina to an unaffiliated purchaser. The prospective purchaser has a 30 day due diligence period which, at its election, can be extended an additional 15 days. Upon satisfactory completion of the due diligence period, the purchaser has an additional 30 days to close, which can also be extended, at the purchaser’s election, for an additional 15 days.The purchase agreement contains provisions, representations, warranties, covenants and indemnities that are customary and standard for the real estate industry
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MDRR
Sec Filings
- 4/8/24 - Form 8-K
- 3/29/24 - Form 8-K/A
- 3/28/24 - Form 8-K/A
- MDRR's page on the SEC website