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Stock impact report

Medalist Diversified REIT Announces the Purchase of Salisbury Marketplace and the Completion of a Financing Transaction With Wells Fargo Bank

Medalist Diversified REIT, Inc. (MDRR) 
Company Research Source: Business Wire
RICHMOND, Va.--(BUSINESS WIRE)--Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the “Company” or “Medalist”), a Virginia-based real estate investment trust that specializes in acquiring and managing commercial real estate in the Southeastern United States, today announced Medalist Diversified Holdings, L.P., the operating partnership of Medalist, completed the purchase of a community shopping center consisting of 79,732 square feet of leasable area in Salisbury, North Carolina, commonly referred to as Salisbury Marketplace (“Salisbury Marketplace”), from an unaffiliated seller for a purchase price of $10,025,000 on June 10, 2022. The Company invested approximately $3.3 million of cash in Salisbury Marketplace, which is anchored by Food Lion, CitiTrends and Family Dollar.Bill Elliott, Vice Chairman and President of Medalist, commented, “With a stable line-up of profitable anchors, we see an excellent opportunity to add value for this property through the lease up of vacant space wh Show less Read more
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