Medalist Diversified REIT Completes Acquisition of Ashley Plaza in Greensboro
Medalist Diversified REIT, Inc. (MDRR)
Company Research
Source: Business Wire
RICHMOND, Va.--(BUSINESS WIRE)--Medalist Diversified REIT (NASDAQ: MDRR) (the “Company” or “Medalist”), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing value-add commercial real estate in the Southeast region of the U.S., completed the acquisition of Ashley Plaza, a 160,356 SF regional shopping center located in Greensboro, North Carolina, for a purchase price of $15.2 million.Ashley Plaza is 98% occupied and anchored by Hobby Lobby, Planet Fitness, Ashley HomeStore, and Harbor Freight Tools, with several other regional and local tenants in the center.“We believe this is an attractive shopping center located in the area’s main retail corridor,” stated William Elliott, Vice Chairman and President of Medalist. “The property has a very strong rent roll and should be accretive to the REIT from day one of ownership.”About Medalist Diversified REITMedalist Diversified REIT Inc. is a Virginia-based real estate investment trust that special
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MDRR
Sec Filings
- 5/9/24 - Form 10-Q
- 5/7/24 - Form 8-K/A
- 4/8/24 - Form 8-K
- MDRR's page on the SEC website